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.
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GDP Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Albania | 1.0 | 1.8 | 2.2 | 3.4 | 3.8 |
| Algeria | 2.8 | 3.8 | 3.7 | 3.3 | 1.6 |
| Angola | 5.0 | 4.8 | 0.9 | -2.6 | -2.5 |
| Argentina | 2.4 | -2.5 | 2.7 | -1.8 | 2.9 |
| Armenia | 3.3 | 3.6 | 3.2 | 0.2 | 7.5 |
| Australia | 2.2 | 2.6 | 2.5 | 2.6 | 2.2 |
| Austria | 0.0 | 0.8 | 1.1 | 1.5 | 3.0 |
| Azerbaijan | 5.8 | 2.8 | 1.1 | -3.8 | 0.1 |
| Bahrain | 5.4 | 4.4 | 2.9 | 3.2 | 3.9 |
| Bangladesh | 6.0 | 6.1 | 6.6 | 7.1 | 7.3 |
| Belarus | 1.0 | 1.7 | -3.8 | -2.5 | 2.4 |
| Belgium | 0.2 | 1.3 | 1.4 | 1.4 | 1.7 |
| Belize | 0.7 | 4.0 | 3.8 | -0.5 | 1.2 |
| Bolivia | 6.8 | 5.5 | 4.9 | 4.3 | 4.2 |
| Bosnia and Herzegovina | 2.6 | 0.2 | 3.8 | 3.3 | 1.6 |
| Botswana | 11.3 | 4.1 | -1.7 | 4.3 | 2.4 |
| Brazil | 3.0 | 0.5 | -3.5 | -3.5 | 1.0 |
| Brunei | -2.1 | -2.3 | -0.6 | -2.5 | - |
| Bulgaria | 0.9 | 1.3 | 3.6 | 3.9 | 3.6 |
| Cambodia | 7.4 | 7.1 | 7.0 | 7.0 | - |
| Canada | 2.5 | 2.9 | 1.0 | 1.4 | 3.0 |
| Chile | 4.0 | 1.8 | 2.3 | 1.3 | 1.5 |
| China | 7.8 | 7.3 | 6.9 | 6.7 | 6.9 |
| Colombia | 4.6 | 4.7 | 3.0 | 2.0 | 1.8 |
| Costa Rica | 2.3 | 3.5 | 3.6 | 4.2 | 3.2 |
| Croatia | -0.5 | -0.1 | 2.4 | 3.5 | 2.9 |
| Cyprus | -5.9 | -1.4 | 2.0 | 3.4 | 3.9 |
| Czech Republic | -0.5 | 2.7 | 5.4 | 2.5 | 4.6 |
| DR Congo | 8.5 | 9.5 | 6.9 | 2.4 | 3.7 |
| Denmark | 0.9 | 1.6 | 1.6 | 2.0 | 2.0 |
| Dominican Republic | 4.9 | 7.6 | 7.0 | 6.6 | 4.6 |
| Ecuador | 5.0 | 3.8 | 0.1 | -1.6 | 3.0 |
| Egypt | 2.2 | 2.9 | 4.4 | 4.3 | 4.2 |
| El Salvador | 2.4 | 2.0 | 2.4 | 2.6 | 2.3 |
| Estonia | 1.9 | 2.9 | 1.7 | 2.1 | 4.9 |
| Ethiopia | 10.4 | 10.4 | 8.0 | 10.9 | - |
| Eurozone | -0.2 | 1.4 | 2.0 | 1.8 | 2.6 |
| Finland | -0.8 | -0.6 | 0.1 | 2.3 | 2.6 |
| France | 0.6 | 1.0 | 1.0 | 1.1 | 2.3 |
| Georgia | 3.4 | 4.6 | 2.9 | 2.8 | 4.8 |
| Germany | 0.5 | 1.9 | 1.7 | 1.9 | 2.2 |
| Ghana | 7.3 | 4.0 | 3.8 | 3.7 | 8.5 |
| Greece | -3.2 | 0.7 | -0.3 | -0.2 | 1.4 |
| Guatemala | 3.7 | 4.2 | 4.1 | 3.1 | 2.8 |
| Haiti | 4.2 | 2.8 | 1.2 | 1.5 | 1.2 |
| Honduras | 2.8 | 3.1 | 3.8 | 3.8 | 4.8 |
| Hong Kong | 3.1 | 2.8 | 2.4 | 2.2 | 3.8 |
| Hungary | 2.1 | 4.2 | 3.4 | 2.2 | 4.0 |
| Iceland | 4.3 | 2.2 | 4.3 | 7.5 | 3.6 |
| India | 6.4 | 7.4 | 8.2 | 7.1 | - |
| Indonesia | 5.6 | 5.0 | 4.9 | 5.0 | 5.1 |
| Iran | -0.2 | 4.6 | -1.3 | 13.4 | - |
| Iraq | 6.6 | 0.7 | 4.8 | 11.0 | - |
| Ireland | 1.6 | 8.3 | 25.6 | 5.1 | 7.8 |
| Israel | 4.2 | 3.5 | 2.6 | 4.0 | 3.3 |
| Italy | -1.7 | 0.2 | 0.8 | 1.0 | 1.6 |
| Jamaica | 0.5 | 0.7 | 0.9 | 1.4 | 0.5 |
| Japan | 2.0 | 0.4 | 1.4 | 1.0 | 1.7 |
| Jordan | 2.8 | 3.1 | 2.4 | 2.0 | 2.0 |
| Kazakhstan | 6.0 | 4.2 | 1.2 | 1.1 | 4.0 |
| Kenya | 5.9 | 5.4 | 5.7 | 5.9 | 4.9 |
| Korea | 2.9 | 3.3 | 2.8 | 2.9 | 3.1 |
| Kosovo | 3.4 | 1.2 | 4.1 | 4.1 | 3.7 |
| Kuwait | 1.2 | 0.5 | 0.6 | 3.5 | -2.9 |
| Kyrgyzstan | 10.9 | 4.0 | 3.9 | 4.3 | 4.5 |
| Laos | 8.0 | 7.6 | 7.3 | 7.0 | - |
| Latvia | 2.4 | 1.9 | 3.0 | 2.2 | 4.5 |
| Lebanon | 2.6 | 2.0 | 0.8 | 1.0 | - |
| Lithuania | 3.5 | 3.5 | 2.0 | 2.3 | 3.9 |
| Luxembourg | 3.7 | 5.8 | 2.9 | 3.1 | 2.3 |
| Macedonia | 2.9 | 3.8 | 3.9 | 2.9 | 0.0 |
| Malaysia | 4.7 | 6.0 | 5.1 | 4.2 | 5.9 |
| Malta | 4.6 | 8.1 | 9.6 | 5.2 | 6.4 |
| Mexico | 1.4 | 2.8 | 3.3 | 2.9 | 2.0 |
| Moldova | 9.4 | 4.8 | -0.4 | 4.3 | 4.5 |
| Mongolia | 11.6 | 8.1 | 2.5 | 1.4 | 5.1 |
| Montenegro | 3.5 | 1.8 | 3.4 | 2.9 | 4.3 |
| Morocco | 4.5 | 2.7 | 4.5 | 1.2 | 4.0 |
| Mozambique | 7.1 | 7.4 | 6.6 | 3.8 | 3.7 |
| Myanmar | 8.4 | 8.0 | 7.0 | 5.9 | 6.7 |
| Netherlands | -0.2 | 1.4 | 2.3 | 2.2 | 3.2 |
| New Zealand | 2.2 | 3.6 | 3.5 | 4.0 | 2.9 |
| Nicaragua | 4.9 | 4.8 | 4.8 | 4.7 | 4.9 |
| Nigeria | 5.5 | 6.2 | 2.8 | -1.6 | 0.8 |
| Norway | 1.0 | 2.0 | 2.0 | 1.1 | 1.9 |
| Oman | 5.3 | 1.2 | 4.7 | 5.4 | - |
| Pakistan | 3.7 | 4.1 | 4.1 | 4.6 | 5.4 |
| Panama | 6.9 | 5.1 | 5.6 | 5.0 | 5.4 |
| Paraguay | 14.0 | 4.7 | 3.0 | 4.0 | 4.3 |
| Peru | 5.8 | 2.4 | 3.3 | 4.0 | 2.5 |
| Philippines | 7.1 | 6.1 | 6.1 | 6.9 | 6.7 |
| Poland | 1.4 | 3.3 | 3.8 | 3.0 | 4.6 |
| Portugal | -1.1 | 0.9 | 1.8 | 1.6 | 2.7 |
| Puerto Rico | -0.1 | -1.8 | -0.8 | -1.3 | -2.4 |
| Qatar | 4.4 | 4.0 | 3.6 | 2.2 | 1.6 |
| Romania | 3.5 | 3.1 | 4.0 | 4.8 | 6.9 |
| Russia | 1.8 | 0.7 | -2.5 | -0.2 | 1.5 |
| Saudi Arabia | 2.7 | 3.7 | 4.1 | 1.7 | -0.7 |
| Serbia | 2.6 | -1.8 | 0.8 | 2.8 | 1.9 |
| Singapore | 5.1 | 3.9 | 2.2 | 2.4 | 3.6 |
| Slovakia | 1.5 | 2.8 | 3.9 | 3.3 | 3.4 |
| Slovenia | -1.1 | 3.0 | 2.3 | 3.2 | 5.0 |
| South Africa | 2.5 | 1.8 | 1.3 | 0.6 | 1.3 |
| Spain | -1.7 | 1.4 | 3.4 | 3.3 | 3.1 |
| Sri Lanka | 3.4 | 5.0 | 5.0 | 4.5 | 3.1 |
| Sweden | 1.2 | 2.6 | 4.5 | 3.2 | 2.3 |
| Switzerland | 1.9 | 2.5 | 1.2 | 1.4 | 1.1 |
| Taiwan | 2.2 | 4.0 | 0.8 | 1.4 | 2.9 |
| Tajikistan | 7.4 | 6.7 | 6.0 | 6.9 | 7.1 |
| Tanzania | 7.3 | 6.9 | 7.0 | 7.0 | - |
| Thailand | 2.7 | 1.0 | 3.0 | 3.3 | 3.9 |
| Trinidad and Tobago | 2.7 | -0.6 | -0.6 | -2.3 | - |
| Tunisia | 2.4 | 2.3 | 0.8 | 1.0 | 1.9 |
| Turkey | 8.5 | 5.2 | 6.1 | 3.2 | 7.4 |
| Turkmenistan | 10.2 | 10.3 | 6.5 | 6.2 | 6.5 |
| USA | 1.7 | 2.6 | 2.9 | 1.5 | 2.3 |
| Uganda | 4.7 | 4.6 | 5.7 | 2.5 | 6.4 |
| Ukraine | 0.0 | -6.6 | -9.8 | 2.4 | 2.5 |
| United Arab Emirates | 5.8 | 3.3 | 3.8 | 3.0 | 1.5 |
| United Kingdom | 2.1 | 3.1 | 2.3 | 1.9 | 1.8 |
| Uruguay | 4.6 | 3.2 | 0.4 | 1.5 | 2.7 |
| Uzbekistan | 8.0 | 8.0 | 7.9 | 7.8 | 5.3 |
| Venezuela | 1.3 | -3.9 | -5.7 | - | - |
| Vietnam | 5.4 | 6.0 | 6.7 | 6.2 | 6.8 |
| Yemen | 3.6 | -10.6 | -29.2 | -9.8 | - |
| Zambia | 5.1 | 4.7 | 3.0 | 3.8 | 4.1 |
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GDP Economic News
Singapore: Economic growth cools to a two-year low in the third quarter; annual GDP growth in the second quarter revised upwards
October 12, 2018
According to an advanced estimate released on 12 October by the Ministry of Trade and Industry (MTI), the economy slowed in the third quarter on the back of weakness in goods-producing industries.
United Kingdom: The economy flatlines in August, data for June and July revised upward
October 10, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity was unchanged in August over the prior month in seasonally-adjusted terms, undershooting market analysts’ expectations of 0.1% growth.
Guatemala: Economy grows at quickest pace since Q2 2016 in the second quarter
October 4, 2018
The Guatemalan economy picked up significant steam in the second quarter on the back of strong domestic demand, as the external sector weakened.
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