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
Finland: The economy growth slows to a four-month low in November
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
Angola:
January 14, 2019
According to preliminary national accounts data released by the Statistical Institute (INE) on 14 January, the economy remained in recession in the third quarter of 2018.
United Kingdom: The economy loses momentum in the three months to November
January 11, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in November over the prior month in seasonally-adjusted terms, up from October’s 0.1% increase.
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