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 | |
|---|---|---|---|---|---|
| Albania | 2.2 | 3.3 | 3.8 | 4.1 | 2.2 |
| Algeria | 3.7 | 3.2 | 1.3 | 1.4 | 0.8 |
| Angola | 0.9 | -2.6 | -0.1 | -2.0 | -0.9 |
| Argentina | 2.7 | -2.1 | 2.7 | -2.5 | -2.2 |
| Armenia | 3.2 | 0.2 | 7.5 | 5.2 | 7.6 |
| Australia | 2.3 | 2.8 | 2.5 | 2.8 | 1.8 |
| Austria | 1.0 | 2.1 | 2.5 | 2.4 | 1.6 |
| Azerbaijan | 1.1 | -3.1 | 0.2 | 1.4 | 2.2 |
| Bahrain | 2.9 | 3.5 | 3.8 | 1.8 | 2.0 |
| Bangladesh | 6.6 | 7.1 | 7.3 | 7.9 | 8.2 |
| Belarus | -3.8 | -2.5 | 2.5 | 3.1 | 1.2 |
| Belgium | 2.0 | 1.5 | 2.0 | 1.4 | 1.4 |
| Belize | 2.8 | 0.1 | 1.9 | 2.1 | -2.0 |
| Bolivia | 4.9 | 4.3 | 4.2 | 4.2 | 2.2 |
| Bosnia and Herzegovina | 4.1 | 3.4 | 3.2 | 3.3 | 2.6 |
| Botswana | -1.7 | 4.3 | 2.9 | 4.5 | 3.0 |
| Brazil | -3.5 | -3.3 | 1.3 | 1.3 | 1.1 |
| Brunei | -0.6 | -2.5 | 1.3 | 0.1 | 3.9 |
| Bulgaria | 4.0 | 3.8 | 3.5 | 3.1 | 3.4 |
| Cambodia | 7.0 | 7.0 | 7.0 | 7.5 | 7.1 |
| Canada | 0.7 | 1.0 | 3.2 | 2.0 | 1.7 |
| Chile | 2.3 | 1.7 | 1.2 | 3.9 | 1.1 |
| China | 7.0 | 6.8 | 6.9 | 6.7 | 6.1 |
| Colombia | 3.0 | 2.1 | 1.4 | 2.5 | 3.3 |
| Costa Rica | 3.6 | 4.2 | 3.9 | 2.7 | 2.1 |
| Croatia | 2.4 | 3.5 | 3.1 | 2.7 | 2.9 |
| Cyprus | 3.4 | 6.8 | 4.4 | 4.1 | 3.2 |
| Czech Republic | 5.4 | 2.4 | 4.5 | 2.8 | 2.5 |
| DR Congo | - | - | - | - | - |
| Denmark | 2.3 | 3.3 | 2.0 | 2.4 | 2.4 |
| Dominican Republic | 6.9 | 6.7 | 4.7 | 7.0 | 5.1 |
| Ecuador | 0.1 | -1.2 | 2.4 | 1.3 | 0.1 |
| Egypt | 4.4 | 4.3 | 4.2 | 5.3 | 5.6 |
| El Salvador | 2.4 | 2.5 | 2.3 | 2.4 | 2.4 |
| Estonia | 1.8 | 2.6 | 5.7 | 4.8 | 4.3 |
| Ethiopia | 8.0 | 10.1 | 7.7 | 9.0 | - |
| Eurozone | 2.0 | 1.9 | 2.7 | 1.9 | 1.2 |
| Finland | 0.5 | 2.7 | 3.1 | 1.7 | 0.9 |
| France | 1.0 | 1.0 | 2.4 | 1.8 | 1.5 |
| Georgia | 3.0 | 2.9 | 4.8 | 4.8 | 5.1 |
| Germany | 1.7 | 2.2 | 2.5 | 1.5 | 0.6 |
| Ghana | 2.2 | 3.4 | 8.1 | 6.3 | 6.5 |
| Greece | -0.5 | -0.3 | 1.4 | 1.9 | 1.9 |
| Guatemala | 4.1 | 2.7 | 3.0 | 3.2 | 3.8 |
| Haiti | 1.2 | 1.5 | 1.2 | 1.5 | - |
| Honduras | 3.8 | 3.9 | 4.8 | 3.7 | 2.7 |
| Hong Kong | 2.4 | 2.2 | 3.8 | 2.8 | -1.2 |
| Hungary | 3.8 | 2.2 | 4.3 | 5.1 | 4.9 |
| Iceland | 4.7 | 6.6 | 4.5 | 3.8 | 1.9 |
| India | 8.0 | 8.3 | 7.0 | 6.1 | - |
| Indonesia | 4.9 | 5.0 | 5.1 | 5.2 | 5.0 |
| Iran | -1.3 | 13.4 | 3.8 | - | - |
| Iraq | 2.6 | 13.8 | -3.8 | 0.9 | 4.4 |
| Ireland | 25.2 | 3.7 | 8.1 | 8.2 | 5.6 |
| Israel | 2.2 | 4.0 | 3.6 | 3.5 | 3.5 |
| Italy | 0.7 | 1.4 | 1.7 | 0.7 | 0.3 |
| Jamaica | 0.9 | 1.4 | 1.0 | 1.9 | 0.9 |
| Japan | 1.2 | 0.5 | 2.2 | 0.3 | 0.7 |
| Jordan | 2.6 | 2.1 | 2.1 | 1.9 | 2.0 |
| Kazakhstan | 1.2 | 1.1 | 4.1 | 4.1 | 4.5 |
| Kenya | 5.7 | 5.9 | 4.8 | 6.3 | 5.4 |
| Korea | 2.8 | 2.9 | 3.2 | 2.9 | 2.0 |
| Kosovo | 4.1 | 4.1 | 4.2 | 3.8 | 4.2 |
| Kuwait | 0.6 | 2.9 | -4.7 | 1.2 | 0.4 |
| Kyrgyzstan | 3.9 | 4.3 | 4.7 | 3.8 | 4.5 |
| Laos | 7.3 | 7.0 | 6.9 | 6.3 | 4.8 |
| Latvia | 3.3 | 1.8 | 3.8 | 4.3 | 2.2 |
| Lebanon | 0.4 | 1.6 | 0.9 | -1.9 | -5.6 |
| Lithuania | 2.0 | 2.6 | 4.2 | 3.6 | 3.9 |
| Luxembourg | 4.3 | 4.6 | 1.8 | 3.1 | 2.3 |
| Malaysia | 5.1 | 4.4 | 5.8 | 4.8 | 4.3 |
| Malta | 10.9 | 5.8 | 6.5 | 7.3 | 4.7 |
| Mexico | 3.3 | 2.6 | 2.1 | 2.2 | -0.3 |
| Moldova | -0.3 | 4.4 | 4.7 | 4.3 | 3.6 |
| Mongolia | 2.5 | 1.4 | 5.4 | 7.0 | 4.9 |
| Montenegro | 3.4 | 2.9 | 4.7 | 5.1 | 3.6 |
| Morocco | 4.5 | 1.1 | 4.2 | 3.1 | 2.5 |
| Mozambique | 6.7 | 3.8 | 3.7 | 3.4 | 2.2 |
| Myanmar | 7.0 | 5.9 | 5.8 | 6.4 | 6.8 |
| Netherlands | 2.0 | 2.2 | 2.9 | 2.6 | 1.8 |
| New Zealand | 3.5 | 3.9 | 3.1 | 3.2 | 2.3 |
| Nicaragua | 4.8 | 4.6 | 4.6 | -4.0 | -3.9 |
| Nigeria | 2.8 | -1.6 | 0.8 | 1.9 | 2.3 |
| North Macedonia | 3.9 | 2.8 | 1.1 | 2.7 | 3.6 |
| Norway | 2.0 | 1.1 | 2.3 | 1.3 | 1.2 |
| Oman | 4.6 | 5.1 | 0.3 | 1.8 | - |
| Pakistan | 4.7 | 5.5 | 5.6 | 5.8 | 1.0 |
| Panama | 5.7 | 5.0 | 5.6 | 3.7 | 3.0 |
| Paraguay | 3.1 | 4.3 | 5.0 | 3.4 | 0.0 |
| Peru | 3.3 | 4.1 | 2.5 | 4.0 | 2.2 |
| Philippines | 6.3 | 7.1 | 6.9 | 6.3 | 6.0 |
| Poland | 3.8 | 3.1 | 4.9 | 5.4 | 4.2 |
| Portugal | 1.8 | 2.0 | 3.5 | 2.6 | 2.2 |
| Puerto Rico | -0.8 | -1.6 | -3.2 | -4.2 | 1.5 |
| Qatar | 3.7 | 2.1 | 1.6 | 1.5 | -0.2 |
| Romania | 3.9 | 4.8 | 7.1 | 4.4 | 4.1 |
| Russia | -2.0 | 0.2 | 1.8 | 2.5 | 1.3 |
| Saudi Arabia | 4.1 | 1.7 | -0.7 | 2.4 | 0.3 |
| Serbia | 1.8 | 3.3 | 2.0 | 4.4 | 4.2 |
| Singapore | 3.0 | 3.2 | 4.3 | 3.4 | 0.7 |
| Slovakia | 4.8 | 2.1 | 3.0 | 4.0 | 2.3 |
| Slovenia | 2.2 | 3.1 | 4.8 | 4.1 | 2.4 |
| South Africa | 1.2 | 0.4 | 1.4 | 0.8 | 0.2 |
| Spain | 3.8 | 3.0 | 2.9 | 2.4 | 2.0 |
| Sri Lanka | 5.0 | 4.5 | 3.6 | 3.3 | 2.3 |
| Sweden | 4.5 | 2.1 | 2.6 | 2.0 | 1.2 |
| Switzerland | 1.3 | 1.7 | 1.8 | 2.8 | 1.0 |
| Taiwan | 1.5 | 2.2 | 3.3 | 2.8 | 2.7 |
| Tajikistan | 6.2 | 6.9 | 7.1 | 7.3 | 7.5 |
| Tanzania | 6.2 | 6.9 | 6.8 | 7.0 | - |
| Thailand | 3.1 | 3.4 | 4.1 | 4.2 | 2.4 |
| Trinidad and Tobago | 1.8 | -6.3 | -2.3 | -0.2 | - |
| Tunisia | 1.2 | 1.1 | 2.0 | 2.7 | 1.0 |
| Turkey | 6.1 | 3.2 | 7.5 | 2.8 | 0.9 |
| Turkmenistan | 6.5 | 6.2 | 6.5 | 6.2 | 6.3 |
| USA | 2.9 | 1.6 | 2.4 | 2.9 | 2.3 |
| Uganda | 6.0 | 0.6 | 7.2 | 6.0 | 5.6 |
| Ukraine | -9.8 | 2.4 | 2.5 | 3.4 | 3.2 |
| United Arab Emirates | 5.1 | 3.1 | 2.4 | 1.2 | 1.7 |
| United Kingdom | 2.4 | 1.9 | 1.9 | 1.3 | 1.4 |
| Uruguay | 0.4 | 1.7 | 2.6 | 1.6 | 0.2 |
| Uzbekistan | 7.4 | 6.1 | 4.5 | 5.4 | 5.6 |
| Venezuela | -6.2 | -17.0 | -15.7 | -19.6 | - |
| Vietnam | 6.7 | 6.2 | 6.8 | 7.1 | 7.0 |
| Yemen | -30.5 | -14.6 | -10.0 | -1.3 | - |
| Zambia | 2.9 | 3.8 | 3.5 | 4.0 | - |
Download Sample Report
GDP Economic News
-
Norway: Economic output returns to growth in May
July 8, 2020
Economic output grew 1.9% over the prior month in May in seasonally-adjusted terms, contrasting the 3.8% contraction in April and marking a rapid return to growth following two months of contracting output.
-
Russia: Third estimate confirms slowdown in growth in Q1; recession expected
July 3, 2020
A third estimate of national accounts data released by Rosstat on 3 July confirmed that growth moderated to 1.6% year-on-year in the first quarter of 2020.
-
Chile: Copper prices jump to five-month high in June
July 1, 2020
Average copper prices rose in June on the back of upbeat demand from China and supply-side concerns in large producing countries.
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
© Copyright: 2020. | GDP | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
