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
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Albania | 1.8 | 2.2 | 3.3 | 3.8 | - |
| Algeria | 3.8 | 3.7 | 3.3 | 1.4 | - |
| Angola | 4.8 | 0.9 | -2.6 | -0.1 | - |
| Argentina | -2.5 | 2.7 | -2.1 | 2.7 | - |
| Armenia | 3.6 | 3.2 | 0.2 | 7.5 | - |
| Australia | 2.6 | 2.5 | 2.8 | 2.4 | - |
| Austria | 0.7 | 1.1 | 2.0 | 2.6 | - |
| Azerbaijan | 2.8 | 1.1 | -3.1 | 0.2 | - |
| Bahrain | 4.4 | 2.9 | 3.5 | 3.8 | - |
| Bangladesh | 6.1 | 6.6 | 7.1 | 7.3 | - |
| Belarus | 1.7 | -3.8 | -2.5 | 2.5 | - |
| Belgium | 1.3 | 1.7 | 1.5 | 1.7 | - |
| Belize | 3.7 | 3.4 | -0.6 | 1.4 | - |
| Bolivia | 5.5 | 4.9 | 4.3 | 4.2 | - |
| Bosnia and Herzegovina | 0.7 | 4.1 | 3.4 | 3.4 | - |
| Botswana | 4.1 | -1.7 | 4.3 | 2.9 | - |
| Brazil | 0.5 | -3.5 | -3.3 | 1.1 | - |
| Brunei | -2.3 | -0.6 | -2.5 | 1.3 | - |
| Bulgaria | 1.8 | 3.5 | 3.9 | 3.8 | - |
| Cambodia | 7.1 | 7.0 | 7.0 | 7.0 | - |
| Canada | 2.9 | 0.7 | 1.1 | 3.0 | - |
| Chile | 1.8 | 2.3 | 1.7 | 1.3 | - |
| China | 7.3 | 6.9 | 6.7 | 6.8 | - |
| Colombia | 4.7 | 3.0 | 2.1 | 1.4 | - |
| Costa Rica | 3.5 | 3.6 | 4.2 | 3.4 | - |
| Croatia | -0.1 | 2.4 | 3.5 | 2.9 | - |
| Cyprus | -1.3 | 2.0 | 4.8 | 4.5 | - |
| Czech Republic | 2.7 | 5.4 | 2.4 | 4.5 | - |
| DR Congo | - | - | - | - | - |
| Denmark | 1.6 | 2.3 | 2.4 | 2.3 | - |
| Dominican Republic | 7.1 | 6.9 | 6.7 | 4.7 | - |
| Ecuador | 3.8 | 0.1 | -1.2 | 2.4 | - |
| Egypt | 2.9 | 4.4 | 4.3 | 4.2 | - |
| El Salvador | 1.7 | 2.4 | 2.5 | 2.3 | - |
| Estonia | 2.9 | 1.9 | 3.5 | 4.9 | - |
| Ethiopia | 10.4 | 8.0 | 10.9 | 7.7 | - |
| Eurozone | 1.4 | 2.0 | 1.9 | 2.6 | - |
| Finland | -0.6 | 0.5 | 2.8 | 3.0 | - |
| France | 1.0 | 1.0 | 1.0 | 2.4 | - |
| Georgia | 4.6 | 2.9 | 2.8 | 4.8 | - |
| Germany | 2.2 | 1.7 | 2.2 | 2.2 | - |
| Ghana | 2.9 | 2.2 | 3.4 | 8.1 | - |
| Greece | 0.8 | -0.5 | -0.3 | 1.4 | - |
| Guatemala | 4.2 | 4.1 | 3.1 | 2.8 | - |
| Haiti | 2.8 | 1.2 | 1.5 | 1.2 | - |
| Honduras | 3.1 | 3.8 | 3.9 | 4.8 | - |
| Hong Kong | 2.8 | 2.4 | 2.2 | 3.8 | - |
| Hungary | 4.2 | 3.5 | 2.3 | 4.1 | - |
| Iceland | 2.1 | 4.7 | 6.6 | 4.6 | - |
| India | 7.4 | 8.0 | 8.2 | 7.2 | - |
| Indonesia | 5.0 | 4.9 | 5.0 | 5.1 | - |
| Iran | 4.6 | -1.3 | 13.4 | 3.8 | - |
| Iraq | 2.3 | 1.7 | 9.6 | 0.8 | - |
| Ireland | 8.6 | 25.2 | 3.7 | 8.1 | - |
| Israel | 3.9 | 2.5 | 4.0 | 3.4 | - |
| Italy | 0.2 | 0.8 | 1.2 | 1.8 | - |
| Jamaica | 0.7 | 0.9 | 1.4 | 1.0 | - |
| Japan | 0.4 | 1.2 | 0.6 | 1.9 | - |
| Jordan | 3.4 | 2.6 | 2.1 | 2.1 | - |
| Kazakhstan | 4.2 | 1.2 | 1.1 | 4.1 | - |
| Kenya | 5.4 | 5.7 | 5.9 | 4.9 | - |
| Korea | 3.2 | 2.8 | 2.9 | 3.2 | - |
| Kosovo | 1.2 | 4.1 | 4.1 | 3.7 | - |
| Kuwait | 0.5 | 0.6 | 2.9 | -3.5 | - |
| Kyrgyzstan | 4.0 | 3.9 | 4.3 | 4.7 | - |
| Laos | 7.6 | 7.3 | 7.0 | 6.9 | - |
| Latvia | 1.9 | 3.0 | 2.1 | 4.6 | - |
| Lebanon | 1.9 | 0.4 | 1.6 | 0.6 | - |
| Lithuania | 3.5 | 2.0 | 2.4 | 4.1 | - |
| Luxembourg | 4.3 | 3.9 | 2.4 | 1.5 | - |
| Malaysia | 6.0 | 5.1 | 4.4 | 5.7 | - |
| Malta | 8.7 | 10.8 | 5.6 | 6.8 | - |
| Mexico | 2.8 | 3.3 | 2.9 | 2.1 | - |
| Moldova | 5.0 | -0.3 | 4.4 | 4.7 | - |
| Mongolia | 8.1 | 2.5 | 1.4 | 5.4 | - |
| Montenegro | 1.8 | 3.4 | 2.9 | 4.7 | - |
| Morocco | 2.7 | 4.5 | 1.1 | 4.2 | - |
| Mozambique | 7.4 | 6.7 | 3.8 | 3.7 | - |
| Myanmar | 8.2 | 7.5 | 5.2 | 6.3 | - |
| Netherlands | 1.4 | 2.0 | 2.2 | 2.9 | - |
| New Zealand | 3.6 | 3.5 | 3.9 | 3.1 | - |
| Nicaragua | 4.8 | 4.8 | 4.6 | 4.7 | - |
| Nigeria | 6.2 | 2.8 | -1.6 | 0.8 | - |
| North Macedonia | 3.6 | 3.9 | 2.8 | 0.2 | - |
| Norway | 2.0 | 2.0 | 1.2 | 2.0 | - |
| Oman | 1.4 | 4.7 | 5.0 | -0.9 | - |
| Pakistan | 4.1 | 4.1 | 4.6 | 5.2 | - |
| Panama | 5.1 | 5.7 | 5.0 | 5.3 | - |
| Paraguay | 4.9 | 3.1 | 4.3 | 5.0 | - |
| Peru | 2.4 | 3.3 | 4.0 | 2.5 | - |
| Philippines | 6.1 | 6.1 | 6.9 | 6.7 | - |
| Poland | 3.3 | 3.8 | 3.1 | 4.9 | - |
| Portugal | 0.9 | 1.8 | 1.9 | 2.8 | - |
| Puerto Rico | -1.8 | -0.8 | -1.6 | -3.0 | - |
| Qatar | 4.0 | 3.7 | 2.1 | 1.6 | - |
| Romania | 3.4 | 3.9 | 4.8 | 7.0 | - |
| Russia | 0.7 | -2.3 | 0.3 | 1.6 | - |
| Saudi Arabia | 3.7 | 4.1 | 1.7 | -0.7 | - |
| Serbia | -1.6 | 1.8 | 3.3 | 2.0 | - |
| Singapore | 3.9 | 2.9 | 3.0 | 3.7 | - |
| Slovakia | 2.8 | 4.2 | 3.1 | 3.2 | - |
| Slovenia | 3.0 | 2.3 | 3.1 | 4.9 | - |
| South Africa | 1.8 | 1.2 | 0.4 | 1.4 | - |
| Spain | 1.4 | 3.6 | 3.2 | 3.0 | - |
| Sri Lanka | 5.0 | 5.0 | 4.5 | 3.4 | - |
| Sweden | 2.6 | 4.5 | 2.7 | 2.1 | - |
| Switzerland | 2.4 | 1.3 | 1.6 | 1.6 | - |
| Taiwan | 4.0 | 0.8 | 1.5 | 3.1 | - |
| Tajikistan | 6.7 | 6.0 | 6.9 | 7.1 | - |
| Tanzania | 6.7 | 6.2 | 6.9 | 6.8 | - |
| Thailand | 1.0 | 3.1 | 3.4 | 4.0 | - |
| Trinidad and Tobago | -1.0 | 1.8 | -6.5 | -1.9 | - |
| Tunisia | 2.4 | 1.2 | 1.1 | 1.9 | - |
| Turkey | 5.2 | 6.1 | 3.2 | 7.4 | - |
| Turkmenistan | 10.3 | 6.5 | 6.2 | 6.5 | - |
| USA | 2.5 | 2.9 | 1.6 | 2.2 | - |
| Uganda | 4.5 | 5.7 | 2.6 | 4.5 | - |
| Ukraine | -6.6 | -9.8 | 2.4 | 2.5 | - |
| United Arab Emirates | 4.3 | 5.1 | 3.1 | 0.5 | - |
| United Kingdom | 2.9 | 2.3 | 1.8 | 1.8 | - |
| Uruguay | 3.2 | 0.4 | 1.7 | 2.6 | - |
| Uzbekistan | 7.2 | 7.4 | 6.1 | 4.5 | - |
| Venezuela | -3.9 | -6.2 | -17.0 | -15.7 | - |
| Vietnam | 6.0 | 6.7 | 6.2 | 6.8 | - |
| Yemen | -10.6 | -30.3 | -14.8 | -5.9 | - |
| Zambia | 4.7 | 2.9 | 3.8 | 3.5 | - |
Download Sample Report
GDP Economic News
-
Philippines: Economy gathers pace in Q4 but full-year growth still misses government’s target
January 23, 2020
The economy grew at the quickest rate in nearly two years in the final quarter of the year, boosted primarily by robust government outlays.
-
Korea: Growth unexpectedly gains momentum in Q4
January 22, 2020
According to preliminary data released by the Bank of Korea, the economy grew 2.2% in annual terms in the fourth quarter, slightly faster than the third quarter’s 2.0% reading and beating market analyst expectations of 1.9% growth.
-
Eurozone: Revised data shows the economy gains some pace in Q3 but remains frail nevertheless
January 22, 2020
Revised national accounts revealed that the Eurozone economy gained some pace in the third quarter, although the rate of expansion remained sluggish.
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 ...
