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
Ghana: Economy rounds off 2018 with solid performance in Q4, although loses some momentum
April 18, 2019
The economy logged a robust performance in the final quarter of 2018, although the pace of expansion moderated somewhat.
China: Economic growth stabilizes in Q1 2019 as policy stimulus kicks in
April 17, 2019
The Chinese economy continued to show no signs of a slowdown, despite the ongoing trade war with the United States and large domestic vulnerabilities.
Angola: Economy returns to growth in Q4 2018
April 17, 2019
The economy returned to growth in the final quarter of 2018, according to national accounts data released by the Statistical Institute (INE) on 17 April.
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