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.
This chart displays Economic Growth (GDP, ann. var. %) for Euro Area, South Asia, Major Economies, Middle East & North Africa, Latin America from 2010 to 2022.
Economic Growth (GDP, annual variation in %) Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Afghanistan | 1.2 | 3.9 | -2.4 | - | - |
Albania | 4.0 | 2.1 | -3.3 | 8.9 | 4.8 |
Algeria | 1.2 | 1.0 | -5.1 | 3.4 | 3.2 |
Andorra | 1.6 | 2.0 | -11.2 | 9.0 | - |
Angola | -1.3 | -0.7 | -5.6 | 1.2 | 3.0 |
Antigua and Barbuda | 6.9 | 4.9 | -20.2 | 1.8 | 8.3 |
Argentina | -2.6 | -2.0 | -9.9 | 10.7 | 5.0 |
Armenia | 5.2 | 7.7 | -7.2 | 5.8 | 12.6 |
Aruba | 5.3 | 0.6 | -18.6 | 17.2 | - |
Australia | 2.8 | 1.9 | -1.8 | 5.2 | 3.7 |
Austria | 2.4 | 1.5 | -6.5 | 4.7 | 4.9 |
Azerbaijan | 1.4 | 2.5 | -4.2 | 5.6 | 4.6 |
Bahamas, The | 1.8 | 1.9 | -23.8 | 13.7 | - |
Bahrain | 2.3 | 2.2 | -4.9 | 2.7 | 5.2 |
Bangladesh | 7.3 | 7.9 | 3.4 | 6.9 | 7.1 |
Barbados | 2.3 | 4.5 | -12.3 | 3.7 | 17.4 |
Belarus | 3.1 | 1.4 | -0.7 | 2.4 | -4.7 |
Belgium | 1.8 | 2.3 | -5.4 | 6.3 | 3.2 |
Belize | 1.1 | 4.5 | -13.4 | 15.2 | 12.7 |
Benin | 6.7 | 6.9 | 3.8 | 7.2 | - |
Bhutan | -2.0 | 4.1 | - | - | - |
Bolivia | 4.2 | 2.2 | -8.7 | 6.1 | 3.5 |
Bosnia-Herz. | 4.6 | 2.3 | -3.3 | 7.1 | 4.0 |
Botswana | 4.2 | 3.0 | -8.7 | 11.9 | 5.8 |
Brazil | 1.8 | 1.2 | -3.3 | 5.0 | 2.9 |
Brunei | 0.1 | 3.9 | 1.1 | -1.6 | -1.6 |
Bulgaria | 2.7 | 4.0 | -4.0 | 7.6 | 3.4 |
Burkina Faso | 6.6 | 5.7 | 1.9 | 6.9 | - |
Burundi | 1.6 | 1.8 | 0.3 | 3.1 | 1.8 |
Cabo Verde | 3.7 | 6.9 | -19.6 | 6.4 | 17.0 |
Cambodia | 7.5 | 7.1 | -3.1 | 3.0 | 5.3 |
Cameroon | 4.0 | 3.5 | 0.3 | 3.6 | 4.0 |
Canada | 2.8 | 1.9 | -5.1 | 5.0 | 3.4 |
CdI | 4.8 | 6.5 | 1.7 | 7.4 | 6.7 |
Central African Republic | 3.8 | 3.0 | 1.0 | 1.0 | - |
Chad | 2.4 | 3.4 | -2.1 | -1.1 | - |
Chile | 4.0 | 0.7 | -6.1 | 11.7 | 2.4 |
China | 6.7 | 6.0 | 2.2 | 8.4 | 3.0 |
Colombia | 2.6 | 3.2 | -7.3 | 11.0 | 7.3 |
Comoros | 3.6 | 1.8 | -0.2 | 2.1 | - |
Congo | 4.8 | 4.5 | 1.7 | - | - |
Costa Rica | 2.6 | 2.4 | -4.3 | 7.8 | 4.3 |
Croatia | 2.8 | 3.4 | -8.5 | 13.1 | 6.2 |
Cuba | 2.2 | -0.2 | -10.9 | 1.3 | - |
Cyprus | 5.6 | 5.5 | -4.4 | 6.6 | 5.6 |
Czech Republic | 3.2 | 3.0 | -5.5 | 3.5 | 2.4 |
Denmark | 2.0 | 1.5 | -2.4 | 6.8 | 2.7 |
Djibouti | 4.8 | 5.5 | 1.2 | - | - |
Dominica | 3.5 | 5.5 | -16.6 | 6.9 | 5.6 |
Dominican Republic | 7.0 | 5.1 | -6.7 | 12.3 | 4.9 |
DR Congo | 5.8 | 4.4 | 1.7 | 6.2 | 8.9 |
Ecuador | 1.3 | 0.0 | -7.8 | 4.2 | 2.9 |
Egypt | 5.3 | 5.5 | 3.6 | 3.3 | 6.7 |
El Salvador | 2.4 | 2.4 | -7.9 | 11.2 | 2.6 |
Equatorial Guinea | -6.2 | -5.5 | -4.2 | -3.2 | - |
Eritrea | 13.0 | 3.8 | -0.5 | 2.9 | - |
Estonia | 3.8 | 4.0 | -1.0 | 7.2 | -0.5 |
Ethiopia | 9.0 | 6.1 | 6.3 | 6.4 | - |
Euro Area | 1.8 | 1.6 | -6.2 | 5.5 | 3.4 |
Fiji | 3.8 | -0.6 | -17.0 | -5.1 | - |
Finland | 1.1 | 1.2 | -2.4 | 3.2 | 1.6 |
France | 1.8 | 1.9 | -7.7 | 6.4 | 2.5 |
Gabon | 0.8 | 3.9 | -1.9 | 1.5 | - |
Gambia, The | 7.2 | 6.2 | 0.6 | 5.3 | - |
Georgia | 4.9 | 5.0 | -6.7 | 10.5 | 10.2 |
Germany | 1.0 | 1.1 | -3.8 | 3.2 | 1.8 |
Ghana | 6.2 | 6.5 | 0.5 | 5.1 | 3.1 |
Greece | 1.6 | 1.8 | -8.7 | 8.1 | 5.9 |
Grenada | 4.3 | 0.7 | -13.8 | 4.7 | - |
Guatemala | 3.4 | 4.0 | -1.8 | 8.0 | 4.1 |
Guinea | 6.4 | 5.6 | 4.9 | - | - |
Guinea-Bissau | 3.7 | 6.8 | -1.1 | 6.4 | 4.7 |
Guyana | 4.4 | 5.4 | 43.5 | 20.1 | - |
Haiti | 1.7 | -1.7 | -3.3 | -1.8 | -1.7 |
Honduras | 3.8 | 2.7 | -9.0 | 12.5 | 4.0 |
Hong Kong | 2.8 | -1.7 | -6.5 | 6.4 | -3.5 |
Hungary | 5.4 | 4.9 | -4.5 | 7.2 | 4.6 |
Iceland | 4.9 | 1.9 | -7.2 | 4.5 | 7.2 |
India | 6.5 | 3.9 | -5.8 | 9.1 | 7.2 |
Indonesia | 5.2 | 5.0 | -2.1 | 3.7 | 5.3 |
Iran | -1.8 | -3.1 | 3.3 | 4.7 | 2.5 |
Iraq | 2.6 | 5.5 | -12.0 | 1.6 | 7.0 |
Ireland | 8.5 | 5.3 | 6.6 | 15.1 | 9.4 |
Israel | 4.2 | 3.8 | -1.4 | 9.3 | 6.4 |
Italy | 0.8 | 0.5 | -9.0 | 7.0 | 3.8 |
Jamaica | 1.8 | 1.0 | -9.9 | 4.6 | 5.2 |
Japan | 0.6 | -0.4 | -4.2 | 2.2 | 1.0 |
Jordan | 1.9 | 1.8 | -1.6 | 2.2 | 2.5 |
Kazakhstan | 4.1 | 4.5 | -2.5 | 4.3 | 3.3 |
Kenya | 5.6 | 5.1 | -0.3 | 7.6 | 4.8 |
Kiribati | 5.1 | -2.2 | -1.7 | 7.9 | - |
Korea | 2.9 | 2.2 | -0.7 | 4.3 | 2.6 |
Kosovo | 3.4 | 4.8 | -5.3 | 10.7 | 3.5 |
Kuwait | 2.4 | -0.6 | -8.9 | - | - |
Kyrgyzstan | 3.8 | 4.6 | -8.4 | 6.2 | 7.0 |
Laos | 6.2 | 5.5 | 0.5 | 2.5 | 2.7 |
Latvia | 4.0 | 2.6 | -2.3 | 4.3 | 2.8 |
Lebanon | -1.9 | -6.9 | -21.4 | -7.0 | - |
Lesotho | -1.3 | -2.0 | -3.9 | 2.1 | - |
Liberia | 1.2 | -2.5 | -3.0 | 5.0 | - |
Libya | 7.9 | -11.2 | -29.5 | 28.3 | - |
Lithuania | 4.0 | 4.6 | 0.1 | 5.9 | 1.9 |
Luxembourg | 1.2 | 2.3 | -0.8 | 7.7 | 1.4 |
Macao | 6.5 | -2.5 | -54.2 | 19.3 | -26.8 |
Madagascar | 3.2 | 4.4 | -7.1 | 5.7 | 4.2 |
Malawi | 4.4 | 5.4 | 0.9 | 4.6 | - |
Malaysia | 4.8 | 4.4 | -5.5 | 3.3 | 8.7 |
Maldives | 8.1 | 6.9 | -33.4 | 41.7 | - |
Mali | 4.7 | 4.8 | -1.2 | - | - |
Malta | 7.4 | 7.1 | -8.1 | 12.3 | 6.9 |
Marshall Islands | 2.6 | 7.1 | -1.4 | - | - |
Mauritania | 4.8 | 5.4 | -0.9 | 2.4 | - |
Mauritius | 4.0 | 2.9 | -14.5 | 3.4 | 8.8 |
Mexico | 2.0 | -0.3 | -8.7 | 5.8 | 3.9 |
Micronesia, Federated States of | 1.0 | 1.9 | -3.3 | -2.3 | -0.2 |
Moldova | 4.1 | 3.6 | -8.3 | 13.9 | -5.9 |
Mongolia | 7.7 | 5.6 | -4.6 | 1.6 | 5.0 |
Montenegro | 9.1 | 7.4 | -13.6 | 12.8 | 11.4 |
Morocco | 3.1 | 2.9 | -7.2 | 8.0 | 1.3 |
Mozambique | 3.4 | 2.3 | -1.2 | 2.4 | 4.2 |
Myanmar | 6.4 | 6.8 | 3.2 | -17.9 | 3.0 |
Namibia | 1.1 | -0.8 | -8.0 | 2.7 | 3.8 |
Nauru | -5.5 | 5.7 | 1.0 | 0.7 | 0.3 |
Nepal | 7.6 | 6.7 | -2.4 | 4.2 | - |
Netherlands | 2.4 | 2.0 | -3.9 | 6.2 | 4.3 |
New Zealand | 3.5 | 3.1 | -1.5 | 6.1 | 2.7 |
Nicaragua | -3.4 | -2.9 | -1.8 | 10.3 | 3.8 |
Niger | 7.0 | 6.1 | 3.5 | 1.4 | - |
Nigeria | 1.9 | 2.3 | -1.9 | 3.4 | 3.1 |
North Macedonia | 2.9 | 3.9 | -4.7 | 3.9 | 2.1 |
Norway | 0.8 | 1.1 | -1.3 | 3.9 | 3.3 |
Oman | 1.3 | -1.1 | -3.4 | 3.1 | 4.3 |
Pakistan | 6.2 | 2.5 | -1.3 | 6.5 | 6.2 |
Palau | 0.1 | 0.4 | -9.1 | -13.3 | - |
Panama | 3.7 | 3.0 | -18.0 | 15.3 | - |
Papua New Guinea | -0.3 | 4.5 | -3.2 | - | - |
Paraguay | 3.2 | -0.4 | -0.8 | 4.0 | 0.1 |
Peru | 4.0 | 2.2 | -11.0 | 13.3 | 2.7 |
Philippines | 6.3 | 6.1 | -9.5 | 5.7 | 7.6 |
Poland | 5.3 | 4.5 | -2.0 | 6.9 | 5.3 |
Portugal | 2.8 | 2.7 | -8.3 | 5.5 | 6.7 |
Puerto Rico | -4.4 | 1.7 | -4.2 | 0.4 | 3.2 |
Qatar | 1.2 | 0.8 | -3.6 | 1.6 | 4.3 |
Romania | 6.0 | 3.8 | -3.7 | 5.9 | 4.7 |
Russia | 2.8 | 2.2 | -2.7 | 5.6 | -2.1 |
Rwanda | 8.5 | 9.5 | -3.4 | 10.9 | 8.2 |
Saint Kitts and Nevis | 1.1 | 4.1 | -14.6 | -0.9 | - |
Saint Lucia | 2.9 | -0.6 | -24.4 | 12.2 | - |
Saint Vincent and the Grenadines | 3.1 | 0.4 | -5.3 | 0.5 | 2.6 |
Samoa | -0.6 | 4.5 | -3.1 | -7.1 | -6.0 |
San Marino | 1.5 | 2.1 | -6.7 | - | - |
Sao Tome and Principe | 3.0 | 2.2 | 3.0 | - | - |
Saudi Arabia | 2.8 | 0.8 | -4.3 | 3.9 | 8.7 |
Senegal | 6.6 | 4.3 | 1.5 | 6.6 | 3.6 |
Serbia | 4.5 | 4.3 | -0.9 | 7.5 | 2.3 |
Seychelles | 3.2 | 3.1 | -7.7 | 7.9 | - |
Sierra Leone | 3.5 | 5.3 | -2.0 | 4.1 | - |
Singapore | 3.6 | 1.3 | -3.9 | 8.9 | 3.6 |
Slovakia | 4.0 | 2.5 | -3.3 | 4.9 | 1.7 |
Slovenia | 4.5 | 3.5 | -4.3 | 8.2 | 5.4 |
Solomon Islands | 2.7 | 1.7 | -3.4 | -0.6 | -4.1 |
Somalia | 3.7 | 2.7 | -0.3 | 2.9 | - |
South Africa | 1.6 | 0.3 | -6.0 | 4.7 | 1.9 |
South Sudan | -2.1 | - | - | - | - |
Spain | 2.3 | 2.0 | -11.2 | 6.4 | 5.8 |
Sri Lanka | 2.3 | -0.2 | -4.6 | 3.5 | -7.8 |
Sudan | 2.8 | -1.4 | -1.6 | -1.9 | - |
Suriname | 4.9 | 1.2 | -16.0 | -2.4 | 2.4 |
Swaziland | 4,289,359,367 | 4,404,836,143 | 4,336,136,441 | 4,677,967,370 | 4,861,088,324 |
Sweden | 2.0 | 2.0 | -2.3 | 5.9 | 2.9 |
Switzerland | 2.9 | 1.2 | -2.3 | 5.4 | 2.7 |
Taiwan | 2.8 | 3.1 | 3.4 | 6.5 | 2.4 |
Tajikistan | 7.6 | 7.4 | 4.4 | 9.4 | 8.0 |
Tanzania | 7.0 | 7.0 | 4.8 | 4.9 | 4.7 |
Thailand | 4.2 | 2.1 | -6.1 | 1.5 | 2.6 |
Timor-Leste | -0.7 | 23.5 | 31.9 | 5.3 | - |
Togo | 5.0 | 5.5 | 1.8 | 5.3 | - |
Tonga | 0.2 | 0.7 | 0.5 | -2.6 | - |
Trinidad and Tobago | -1.1 | 0.8 | -9.8 | -1.8 | 4.0 |
Tunisia | 2.6 | 1.6 | -8.8 | 4.4 | 2.4 |
Turkey | 3.0 | 0.8 | 1.9 | 11.4 | 5.5 |
Turkmenistan | 0.9 | -3.4 | -2.9 | 4.6 | - |
Tuvalu | 1.8 | 13.8 | -4.5 | 3.2 | - |
UAE | 1.2 | 1.8 | -3.0 | 3.9 | - |
Uganda | 5.6 | 7.6 | -1.2 | 5.6 | 5.8 |
Ukraine | 3.5 | 3.2 | -3.8 | 3.5 | -29.1 |
United Kingdom | 1.7 | 1.6 | -11.0 | 7.6 | 4.1 |
United States | 2.9 | 2.3 | -2.8 | 5.9 | 2.1 |
Uruguay | 0.2 | 0.7 | -6.3 | 5.3 | 4.9 |
Uzbekistan | 5.5 | 6.0 | 2.0 | 7.4 | 5.7 |
Vanuatu | 2.9 | 3.2 | - | - | - |
Venezuela | -19.6 | -27.7 | -30.0 | 0.5 | 11.8 |
Vietnam | 7.5 | 7.4 | 2.9 | 2.6 | 8.0 |
West Bank and Gaza | 1.2 | 1.4 | -11.3 | 7.0 | 3.9 |
Yemen | -0.8 | 1.4 | 1.2 | -1.0 | 2.0 |
Zambia | 3.7 | 1.8 | -2.8 | 4.6 | 4.7 |
Zimbabwe | 5.0 | -6.3 | -7.8 | 8.5 | 3.4 |