Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. In March 2020, the government shut down the economy to protect against COVID-19, causing a recession. They may start selling, causing more investments to lose money.

GDP growth reveals where the economy is in the business cycle. ", IMF, Growth of the global gross domestic product (GDP) from 2009 to 2021 (compared to the previous year) Statista, https://www.statista.com/statistics/273951/growth-of-the-global-gross-domestic-product-gdp/ (last visited October 30, 2020), Growth of the global gross domestic product (GDP) from 2009 to 2021, Gross domestic product (GDP) of selected global regions 2019, GDP of the main industrialized and emerging countries 2019, Countries with the highest gross domestic product (GDP) 2030 - forecast, Share of global regions in the gross domestic product 2019, Share of the main industrialized and emerging countries in the GDP 2019, Countries with the largest proportion of global gross domestic product (GDP) 2019, Unemployed persons in selected world regions 2020, Unemployment rate in selected world regions 2019, Unemployment rates in major industrial and emerging countries 2017, Countries with the highest unemployment rate, Number of young unemployed people worldwide until 2019, Global youth unemployment rate until 2019, Inflation rate in selected global regions in 2019, Inflation rate of the main industrialized and emerging countries 2019, Countries with the highest inflation rate 2019, Countries with the lowest inflation rate 2019, The 20 countries with the highest trade surplus in 2019, The 20 countries with the highest trade balance deficit in 2019, Countries with the highest population growth rate 2017, GDP growth in the leading industrial and emerging countries 2nd quarter 2020, Monthly unemployment rate in industrial and emerging countries August 2020, Monthly inflation rate in industrial and emerging markets 2020, Global Purchasing Manager Index (PMI) of the industrial sector August 2020, ifo World Economic Climate Index 4th quarter 2019, Consumer confidence worldwide from Q4 2014 to Q4 2016, Forecast on gross domestic product (GDP) growth in selected countries until 2020, Gross domestic product (GDP) growth in India 2nd quarter 2020, Forecast on the GDP growth by world regions until 2021, Gross domestic product (GDP) growth rate in Russia 1st quarter 2020, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Quarterly growth of gross domestic product (GDP) in France 2nd quarter 2020, GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020, Quarterly gross domestic product (GDP) growth rate in the UK 2nd quarter 2020, Real GDP growth rate in Japan Q1 2017-Q1 2020, Real growth rate of GDP by industry Indonesia 2019, Economic growth driving countries in the future for millennials in 2013, Italy: interest in international economic news in 2014-2017, Broadcom's operating income worldwide 2017-2019, Global construction companies by EBIT 2017, Indian organic and inorganic chemicals export value FY 2019 by target country, Quality of sanitation facilities: world 1990-2015, Baked goods launches in the United States from 2013 to 2018, by top ingredient, Growth of the global gross domestic product (GDP) from 2009 to 2021 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, gross domestic product / GDP of selected global regions, GDP of the main industrialized and emerging countries, countries with the highest increase in GDP. By using The Balance, you accept our. In March 2020, the government shut down the economy to protect against COVID-19, causing a recession. "Gross Domestic Product." The nominal GDP in the US at the end of 2019 was $21.7 trillion and the GDP deflator was 112.950. The following chart visualizes the difference between a healthy growth rate and rates that are too high or too low. Statista. Organisation for Economic. This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the value of all final goods and services produced within a state in a given year. $39 per month* Then you will be able to mark statistics as favourites and use personal statistics alerts.

In 2011, the economy contracted in the first and third quarters. High foreclosures from the subprime mortgage crisis were preventing the housing market from recovering.

During 1999 and 2000, U.S. inflation was between 2.7% and 3%. That's well above the 2% target inflation rate.. [2] The data is from the World Bank except of the 2018 year. Percent Change From Preceding Period in Real Gross Domestic Product," Select “Modify,” Select First Year "1999," Select “Refresh Table.” Accessed Oct. 29, 2020. Bureau of Economic Analysis. The change was 0.3 percentage point higher than the “second” estimate released in August. Please authenticate by going to "My account" → "Administration". This feature is limited to our corporate solutions. In the business cycle, the phase that follows expansion is the peak. The purple background means a given country is a member of the European Union.

There's too much money chasing too few real growth opportunities. "The Real Causes — and Casualties — of the Housing Crisis." Update, Insights into the world's most important technology markets, Advertising & Media Outlook American Samoa is an unincorporated territory of the United States, Puerto Rico is an unincorporated territory of the United States, list of countries by real GDP per capita growth, "World Economic Outlook Database, April 2020", Economics focus: Grossly distorted picture, World Map and Chart of GDP Annual Growth %, List of top international rankings by country, Number of broadband Internet subscriptions, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_real_GDP_growth_rate&oldid=986005578, Lists of countries by GDP-based indicators, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 October 2020, at 07:15. The ideal GDP growth rate is between 2% and 3%. It features quarterly statistics from 1995 to 2020, showing how dangerously high growth rates were followed by recessions.

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"What Economic Goals Does the Federal Reserve Seek to Achieve Through Its Monetary Policy?" The GDP growth rate indicates how quickly the economy is growing or shrinking. If nothing is done, the economy could go into a recession. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account.

Latest available data for a fixed period, © A higher temperature can also mean you're sick. In a contraction, GDP growth falls off sharply and goes into negative territory, which signals a recession. During the 2008 recession, GDP growth rates were abysmal.

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