Economic Growth (GDP, annual variation in %)

Economic Growth (GDP, annual variation in %)

GDP, short for Gross Domestic Product, is defined as the total market value of all final goods and services produced within a country in a given period. It includes private and public consumption, private and public investment, and exports less imports.

GDP is the most commonly used measure of economic activity and serves as a good indicator to track the economic health of a country. Economic growth (GDP growth) refers to the percent change in real GDP, which corrects the nominal GDP figure for inflation. Real GDP is therefore also referred to as inflation-adjusted GDP or GDP in constant prices.

The table below shows the percent changes in real Gross Domestic Product (GDP) per country for the last five years.

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

GDP Data

2015 2016 2017 2018 2019
Albania2.23.33.84.12.2
Algeria3.73.21.31.40.8
Angola0.9-2.6-0.1-2.0-0.9
Argentina2.7-2.12.7-2.5-2.2
Armenia3.20.27.55.27.6
Australia2.32.82.52.81.8
Austria1.02.12.52.41.6
Azerbaijan1.1-3.10.21.42.2
Bahrain2.93.53.81.82.0
Bangladesh6.67.17.37.98.2
Belarus-3.8-2.52.53.11.2
Belgium2.01.52.01.41.4
Belize2.80.11.92.1-2.0
Bolivia4.94.34.24.22.2
Bosnia and Herzegovina4.13.43.23.32.6
Botswana-1.74.32.94.53.0
Brazil-3.5-3.31.31.31.1
Brunei-0.6-2.51.30.13.9
Bulgaria4.03.83.53.13.4
Cambodia7.07.07.07.57.1
Canada0.71.03.22.01.7
Chile2.31.71.23.91.1
China7.06.86.96.76.1
Colombia3.02.11.42.53.3
Costa Rica3.64.23.92.72.1
Croatia2.43.53.12.72.9
Cyprus3.46.84.44.13.2
Czech Republic5.42.44.52.82.5
DR Congo-  -  -  -  -  
Denmark2.33.32.02.42.4
Dominican Republic6.96.74.77.05.1
Ecuador0.1-1.22.41.30.1
Egypt4.44.34.25.35.6
El Salvador2.42.52.32.42.4
Estonia1.82.65.74.84.3
Ethiopia8.010.17.79.0-  
Eurozone2.01.92.71.91.2
Finland0.52.73.11.70.9
France1.01.02.41.81.5
Georgia3.02.94.84.85.1
Germany1.72.22.51.50.6
Ghana2.23.48.16.36.5
Greece-0.5-0.31.41.91.9
Guatemala4.12.73.03.23.8
Haiti1.21.51.21.5-  
Honduras3.83.94.83.72.7
Hong Kong2.42.23.82.8-1.2
Hungary3.82.24.35.14.9
Iceland4.76.64.53.81.9
India8.08.37.06.1-  
Indonesia4.95.05.15.25.0
Iran-1.313.43.8-  -  
Iraq2.613.8-3.80.94.4
Ireland25.23.78.18.25.6
Israel2.24.03.63.53.5
Italy0.71.41.70.70.3
Jamaica0.91.41.01.90.9
Japan1.20.52.20.30.7
Jordan2.62.12.11.92.0
Kazakhstan1.21.14.14.14.5
Kenya5.75.94.86.35.4
Korea2.82.93.22.92.0
Kosovo4.14.14.23.84.2
Kuwait0.62.9-4.71.20.4
Kyrgyzstan3.94.34.73.84.5
Laos7.37.06.96.34.8
Latvia3.31.83.84.32.2
Lebanon0.41.60.9-1.9-5.6
Lithuania2.02.64.23.63.9
Luxembourg4.34.61.83.12.3
Malaysia5.14.45.84.84.3
Malta10.95.86.57.34.7
Mexico3.32.62.12.2-0.3
Moldova-0.34.44.74.33.6
Mongolia2.51.45.47.04.9
Montenegro3.42.94.75.13.6
Morocco4.51.14.23.12.5
Mozambique6.73.83.73.42.2
Myanmar7.05.95.86.46.8
Netherlands2.02.22.92.61.8
New Zealand3.53.93.13.22.3
Nicaragua4.84.64.6-4.0-3.9
Nigeria2.8-1.60.81.92.3
North Macedonia3.92.81.12.73.6
Norway2.01.12.31.31.2
Oman4.65.10.31.8-  
Pakistan4.75.55.65.81.0
Panama5.75.05.63.73.0
Paraguay3.14.35.03.40.0
Peru3.34.12.54.02.2
Philippines6.37.16.96.36.0
Poland3.83.14.95.44.2
Portugal1.82.03.52.62.2
Puerto Rico-0.8-1.6-3.2-4.21.5
Qatar3.72.11.61.5-0.2
Romania3.94.87.14.44.1
Russia-2.00.21.82.51.3
Saudi Arabia4.11.7-0.72.40.3
Serbia1.83.32.04.44.2
Singapore3.03.24.33.40.7
Slovakia4.82.13.04.02.3
Slovenia2.23.14.84.12.4
South Africa1.20.41.40.80.2
Spain3.83.02.92.42.0
Sri Lanka5.04.53.63.32.3
Sweden4.52.12.62.01.2
Switzerland1.31.71.82.81.0
Taiwan1.52.23.32.82.7
Tajikistan6.26.97.17.37.5
Tanzania6.26.96.87.0-  
Thailand3.13.44.14.22.4
Trinidad and Tobago1.8-6.3-2.3-0.2-  
Tunisia1.21.12.02.71.0
Turkey6.13.27.52.80.9
Turkmenistan6.56.26.56.26.3
USA2.91.62.42.92.3
Uganda6.00.67.26.05.6
Ukraine-9.82.42.53.43.2
United Arab Emirates5.13.12.41.21.7
United Kingdom2.41.91.91.31.4
Uruguay0.41.72.61.60.2
Uzbekistan7.46.14.55.45.6
Venezuela-6.2-17.0-15.7-19.6-  
Vietnam6.76.26.87.17.0
Yemen-30.5-14.6-10.0-1.3-  
Zambia2.93.83.54.0-  

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GDP Economic News

  • Angola: Activity falls at slower pace in the third quarter

    January 21, 2021

    GDP contracted at a slower rate of 5.8% year-on-year in the third quarter, above the 8.3% contraction logged in the second quarter. Sector-level data revealed that the improvement came on the back of a softer drop in the key oil sector, which accounts for roughly one third of GDP, as output fell 5.1% year-on-year (Q2: -8.2% yoy).

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  • Ghana: GDP falls at slower rate in the third quarter

    January 21, 2021

    GDP declined at a more moderate pace of 1.1% year-on-year in the third quarter, above the 3.2% contraction logged in the second quarter. The print came on the back of stronger growth in the agricultural sector (Q3: +8.3% year-on-year; Q2: +2.5% yoy), while the contractions in the industrial and services sectors softened from 5.7% and 2.6% to 5.1% and 1.1%, respectively.

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  • China: Economy continues to gain speed in the fourth quarter

    January 18, 2021

    The economy continued to recover in the fourth quarter, expanding 6.5% in annual terms (Q3: 4.9% year-on-year) and outpacing market expectations of 6.1% growth.

    Read more

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