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 | 3.3 | 3.8 |
| Algeria | 2.8 | 3.8 | 3.7 | 3.3 | 1.4 |
| Angola | 5.0 | 4.8 | 0.9 | -2.6 | -0.1 |
| Argentina | 2.4 | -2.5 | 2.7 | -2.1 | 2.7 |
| Armenia | 3.3 | 3.6 | 3.2 | 0.2 | 7.5 |
| Australia | 2.1 | 2.6 | 2.5 | 2.8 | 2.4 |
| Austria | 0.0 | 0.7 | 1.1 | 2.0 | 2.6 |
| Azerbaijan | 5.8 | 2.8 | 1.1 | -3.1 | 0.2 |
| Bahrain | 5.4 | 4.4 | 2.9 | 3.5 | 3.8 |
| Bangladesh | 6.0 | 6.1 | 6.6 | 7.1 | 7.3 |
| Belarus | 1.0 | 1.7 | -3.8 | -2.5 | 2.5 |
| Belgium | 0.2 | 1.3 | 1.7 | 1.5 | 1.7 |
| Belize | 0.9 | 3.7 | 3.4 | -0.6 | 1.4 |
| Bolivia | 6.8 | 5.5 | 4.9 | 4.3 | 4.2 |
| Bosnia and Herzegovina | 1.9 | 0.7 | 4.1 | 3.4 | 3.4 |
| Botswana | 11.3 | 4.1 | -1.7 | 4.3 | 2.9 |
| Brazil | 3.0 | 0.5 | -3.5 | -3.3 | 1.1 |
| Brunei | -2.1 | -2.3 | -0.6 | -2.5 | 1.3 |
| Bulgaria | 0.5 | 1.8 | 3.5 | 3.9 | 3.8 |
| Cambodia | 7.4 | 7.1 | 7.0 | 7.0 | 7.0 |
| Canada | 2.3 | 2.9 | 0.7 | 1.1 | 3.0 |
| Chile | 4.0 | 1.8 | 2.3 | 1.7 | 1.3 |
| China | 7.8 | 7.3 | 6.9 | 6.7 | 6.8 |
| Colombia | 4.6 | 4.7 | 3.0 | 2.1 | 1.4 |
| Costa Rica | 2.3 | 3.5 | 3.6 | 4.2 | 3.4 |
| Croatia | -0.5 | -0.1 | 2.4 | 3.5 | 2.9 |
| Cyprus | -5.8 | -1.3 | 2.0 | 4.8 | 4.5 |
| Czech Republic | -0.5 | 2.7 | 5.4 | 2.4 | 4.5 |
| DR Congo | - | - | - | - | - |
| Denmark | 0.9 | 1.6 | 2.3 | 2.4 | 2.3 |
| Dominican Republic | 4.9 | 7.1 | 6.9 | 6.7 | 4.7 |
| Ecuador | 5.0 | 3.8 | 0.1 | -1.2 | 2.4 |
| Egypt | 2.2 | 2.9 | 4.4 | 4.3 | 4.2 |
| El Salvador | 2.2 | 1.7 | 2.4 | 2.5 | 2.3 |
| Estonia | 1.9 | 2.9 | 1.9 | 3.5 | 4.9 |
| Ethiopia | 10.3 | 10.4 | 8.0 | 10.9 | 7.7 |
| Eurozone | -0.2 | 1.4 | 2.0 | 1.9 | 2.6 |
| Finland | -0.8 | -0.6 | 0.5 | 2.8 | 3.0 |
| France | 0.6 | 1.0 | 1.0 | 1.0 | 2.4 |
| Georgia | 3.4 | 4.6 | 2.9 | 2.8 | 4.8 |
| Germany | 0.5 | 2.2 | 1.7 | 2.2 | 2.2 |
| Ghana | 9.2 | 2.9 | 2.2 | 3.4 | 8.1 |
| Greece | -3.2 | 0.8 | -0.5 | -0.3 | 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 | 3.9 | 4.8 |
| Hong Kong | 3.1 | 2.8 | 2.4 | 2.2 | 3.8 |
| Hungary | 2.1 | 4.2 | 3.5 | 2.3 | 4.1 |
| Iceland | 4.1 | 2.1 | 4.7 | 6.6 | 4.6 |
| India | 6.4 | 7.4 | 8.0 | 8.2 | 7.2 |
| Indonesia | 5.6 | 5.0 | 4.9 | 5.0 | 5.1 |
| Iran | -0.2 | 4.6 | -1.3 | 13.4 | 3.8 |
| Iraq | 7.6 | 2.3 | 1.7 | 9.6 | 0.8 |
| Ireland | 1.4 | 8.6 | 25.2 | 3.7 | 8.1 |
| Israel | 4.3 | 3.9 | 2.5 | 4.0 | 3.4 |
| Italy | -1.7 | 0.2 | 0.8 | 1.2 | 1.8 |
| Jamaica | 0.5 | 0.7 | 0.9 | 1.4 | 1.0 |
| Japan | 2.0 | 0.4 | 1.2 | 0.6 | 1.9 |
| Jordan | 2.3 | 3.4 | 2.6 | 2.1 | 2.1 |
| Kazakhstan | 6.0 | 4.2 | 1.2 | 1.1 | 4.1 |
| Kenya | 5.9 | 5.4 | 5.7 | 5.9 | 4.9 |
| Korea | 3.2 | 3.2 | 2.8 | 2.9 | 3.2 |
| Kosovo | 3.4 | 1.2 | 4.1 | 4.1 | 3.7 |
| Kuwait | 1.2 | 0.5 | 0.6 | 2.9 | -3.5 |
| Kyrgyzstan | 10.9 | 4.0 | 3.9 | 4.3 | 4.7 |
| Laos | 8.0 | 7.6 | 7.3 | 7.0 | 6.9 |
| Latvia | 2.4 | 1.9 | 3.0 | 2.1 | 4.6 |
| Lebanon | 2.6 | 1.9 | 0.4 | 1.6 | 0.6 |
| Lithuania | 3.5 | 3.5 | 2.0 | 2.4 | 4.1 |
| Luxembourg | 3.7 | 4.3 | 3.9 | 2.4 | 1.5 |
| Malaysia | 4.7 | 6.0 | 5.1 | 4.4 | 5.7 |
| Malta | 4.6 | 8.7 | 10.8 | 5.6 | 6.8 |
| Mexico | 1.4 | 2.8 | 3.3 | 2.9 | 2.1 |
| Moldova | 9.0 | 5.0 | -0.3 | 4.4 | 4.7 |
| Mongolia | 11.6 | 8.1 | 2.5 | 1.4 | 5.4 |
| Montenegro | 3.5 | 1.8 | 3.4 | 2.9 | 4.7 |
| Morocco | 4.5 | 2.7 | 4.5 | 1.1 | 4.2 |
| Mozambique | 7.0 | 7.4 | 6.7 | 3.8 | 3.7 |
| Myanmar | 7.9 | 8.2 | 7.5 | 5.2 | 6.3 |
| Netherlands | -0.1 | 1.4 | 2.0 | 2.2 | 2.9 |
| New Zealand | 2.2 | 3.6 | 3.5 | 3.9 | 3.1 |
| Nicaragua | 4.9 | 4.8 | 4.8 | 4.6 | 4.7 |
| Nigeria | 5.5 | 6.2 | 2.8 | -1.6 | 0.8 |
| North Macedonia | 2.9 | 3.6 | 3.9 | 2.8 | 0.2 |
| Norway | 1.0 | 2.0 | 2.0 | 1.2 | 2.0 |
| Oman | 5.1 | 1.4 | 4.7 | 5.0 | -0.9 |
| Pakistan | 3.7 | 4.1 | 4.1 | 4.6 | 5.2 |
| Panama | 6.9 | 5.1 | 5.7 | 5.0 | 5.3 |
| Paraguay | 8.4 | 4.9 | 3.1 | 4.3 | 5.0 |
| Peru | 5.8 | 2.4 | 3.3 | 4.0 | 2.5 |
| Philippines | 7.1 | 6.1 | 6.1 | 6.9 | 6.7 |
| Poland | 1.3 | 3.3 | 3.8 | 3.1 | 4.9 |
| Portugal | -1.1 | 0.9 | 1.8 | 1.9 | 2.8 |
| Puerto Rico | -0.1 | -1.8 | -0.8 | -1.6 | -3.0 |
| Qatar | 4.4 | 4.0 | 3.7 | 2.1 | 1.6 |
| Romania | 3.5 | 3.4 | 3.9 | 4.8 | 7.0 |
| Russia | 1.8 | 0.7 | -2.3 | 0.3 | 1.6 |
| Saudi Arabia | 2.7 | 3.7 | 4.1 | 1.7 | -0.7 |
| Serbia | 2.9 | -1.6 | 1.8 | 3.3 | 2.0 |
| Singapore | 4.8 | 3.9 | 2.9 | 3.0 | 3.7 |
| Slovakia | 1.5 | 2.8 | 4.2 | 3.1 | 3.2 |
| Slovenia | -1.1 | 3.0 | 2.3 | 3.1 | 4.9 |
| South Africa | 2.5 | 1.8 | 1.2 | 0.4 | 1.4 |
| Spain | -1.7 | 1.4 | 3.6 | 3.2 | 3.0 |
| Sri Lanka | 3.4 | 5.0 | 5.0 | 4.5 | 3.4 |
| Sweden | 1.2 | 2.6 | 4.5 | 2.7 | 2.1 |
| Switzerland | 1.9 | 2.4 | 1.3 | 1.6 | 1.6 |
| Taiwan | 2.2 | 4.0 | 0.8 | 1.5 | 3.1 |
| Tajikistan | 7.4 | 6.7 | 6.0 | 6.9 | 7.1 |
| Tanzania | 6.8 | 6.7 | 6.2 | 6.9 | 6.8 |
| Thailand | 2.7 | 1.0 | 3.1 | 3.4 | 4.0 |
| Trinidad and Tobago | 2.0 | -1.0 | 1.8 | -6.5 | -1.9 |
| Tunisia | 2.3 | 2.4 | 1.2 | 1.1 | 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 | 1.8 | 2.5 | 2.9 | 1.6 | 2.2 |
| Uganda | 4.7 | 4.5 | 5.7 | 2.6 | 4.5 |
| Ukraine | 0.0 | -6.6 | -9.8 | 2.4 | 2.5 |
| United Arab Emirates | 5.1 | 4.3 | 5.1 | 3.1 | 0.5 |
| United Kingdom | 2.0 | 2.9 | 2.3 | 1.8 | 1.8 |
| Uruguay | 4.6 | 3.2 | 0.4 | 1.7 | 2.6 |
| Uzbekistan | 8.0 | 7.2 | 7.4 | 6.1 | 4.5 |
| Venezuela | 1.3 | -3.9 | -6.2 | -17.0 | -15.7 |
| Vietnam | 5.4 | 6.0 | 6.7 | 6.2 | 6.8 |
| Yemen | 3.6 | -10.6 | -30.3 | -14.8 | -5.9 |
| Zambia | 5.1 | 4.7 | 2.9 | 3.8 | 3.5 |
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GDP Economic News
Finland: Economic activity growth moderates in July after surging in June
September 13, 2019
Economic activity grew a working-day adjusted 1.7% in July compared to the same month a year earlier, down from June’s revised 2.5% increase.
Japan: Q2 GDP growth revised downwards on capital expenditure downgrade
September 9, 2019
The downward revision to the GDP figure for Q2 sparked concerns about the future growth trajectory of the country as the economy is grappling with negative spillovers stemming from the China-U.S. trade war and uncertainty regarding the planned sales tax hike in October.
United Kingdom: Economy perks up in July, allaying recession fears
September 9, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.3% in July over the previous month in seasonally-adjusted terms, up from June’s flat reading and beating market expectations of 0.1% growth.
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