Economic Growth (GDP, annual variation in %)

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

20132014201520162017
Albania1.01.82.23.43.8
Algeria2.83.83.73.31.6
Angola5.04.80.9-2.6-2.5
Argentina2.4-2.52.7-1.82.9
Armenia3.33.63.20.27.5
Australia2.22.62.52.62.2
Austria0.00.81.11.53.0
Azerbaijan5.82.81.1-3.80.1
Bahrain5.44.42.93.23.9
Bangladesh6.06.16.67.17.3
Belarus1.01.7-3.8-2.52.4
Belgium0.21.31.41.41.7
Belize0.74.03.8-0.51.2
Bolivia6.85.54.94.34.2
Bosnia and Herzegovina2.60.23.83.31.6
Botswana11.34.1-1.74.32.4
Brazil3.00.5-3.5-3.51.0
Brunei-2.1-2.3-0.6-2.5-  
Bulgaria0.91.33.63.93.6
Cambodia7.47.17.07.0-  
Canada2.52.91.01.43.0
Chile4.01.82.31.31.5
China7.87.36.96.76.9
Colombia4.64.73.02.01.8
Costa Rica2.33.53.64.23.2
Croatia-0.5-0.12.43.52.9
Cyprus-5.9-1.42.03.43.9
Czech Republic-0.52.75.42.54.6
DR Congo8.59.56.92.43.7
Denmark0.91.61.62.02.0
Dominican Republic4.97.67.06.64.6
Ecuador5.03.80.1-1.63.0
Egypt2.22.94.44.34.2
El Salvador2.42.02.42.62.3
Estonia1.92.91.72.14.9
Ethiopia10.410.48.010.9-  
Eurozone-0.21.42.01.82.6
Finland-0.8-0.60.12.32.6
France0.61.01.01.12.3
Georgia3.44.62.92.84.8
Germany0.51.91.71.92.2
Ghana7.34.03.83.78.5
Greece-3.20.7-0.3-0.21.4
Guatemala3.74.24.13.12.8
Haiti4.22.81.21.51.2
Honduras2.83.13.83.84.8
Hong Kong3.12.82.42.23.8
Hungary2.14.23.42.24.0
Iceland4.32.24.37.53.6
India6.47.48.27.1-  
Indonesia5.65.04.95.05.1
Iran-0.24.6-1.313.4-  
Iraq6.60.74.811.0-  
Ireland1.68.325.65.17.8
Israel4.23.52.64.03.3
Italy-1.70.20.81.01.6
Jamaica0.50.70.91.40.5
Japan2.00.41.41.01.7
Jordan2.83.12.42.02.0
Kazakhstan6.04.21.21.14.0
Kenya5.95.45.75.94.9
Korea2.93.32.82.93.1
Kosovo3.41.24.14.13.7
Kuwait1.20.50.63.5-2.9
Kyrgyzstan10.94.03.94.34.5
Laos8.07.67.37.0-  
Latvia2.41.93.02.24.5
Lebanon2.62.00.81.0-  
Lithuania3.53.52.02.33.9
Luxembourg3.75.82.93.12.3
Macedonia2.93.83.92.90.0
Malaysia4.76.05.14.25.9
Malta4.68.19.65.26.4
Mexico1.42.83.32.92.0
Moldova9.44.8-0.44.34.5
Mongolia11.68.12.51.45.1
Montenegro3.51.83.42.94.3
Morocco4.52.74.51.24.0
Mozambique7.17.46.63.83.7
Myanmar8.48.07.05.96.7
Netherlands-0.21.42.32.23.2
New Zealand2.23.63.54.02.9
Nicaragua4.94.84.84.74.9
Nigeria5.56.22.8-1.60.8
Norway1.02.02.01.11.9
Oman5.31.24.75.4-  
Pakistan3.74.14.14.65.4
Panama6.95.15.65.05.4
Paraguay14.04.73.04.04.3
Peru5.82.43.34.02.5
Philippines7.16.16.16.96.7
Poland1.43.33.83.04.6
Portugal-1.10.91.81.62.7
Puerto Rico-0.1-1.8-0.8-1.3-2.4
Qatar4.44.03.62.21.6
Romania3.53.14.04.86.9
Russia1.80.7-2.5-0.21.5
Saudi Arabia2.73.74.11.7-0.7
Serbia2.6-1.80.82.81.9
Singapore5.13.92.22.43.6
Slovakia1.52.83.93.33.4
Slovenia-1.13.02.33.25.0
South Africa2.51.81.30.61.3
Spain-1.71.43.43.33.1
Sri Lanka3.45.05.04.53.1
Sweden1.22.64.53.22.3
Switzerland1.92.51.21.41.1
Taiwan2.24.00.81.42.9
Tajikistan7.46.76.06.97.1
Tanzania7.36.97.07.0-  
Thailand2.71.03.03.33.9
Trinidad and Tobago2.7-0.6-0.6-2.3-  
Tunisia2.42.30.81.01.9
Turkey8.55.26.13.27.4
Turkmenistan10.210.36.56.26.5
USA1.72.62.91.52.3
Uganda4.74.65.72.56.4
Ukraine0.0-6.6-9.82.42.5
United Arab Emirates5.83.33.83.01.5
United Kingdom2.13.12.31.91.8
Uruguay4.63.20.41.52.7
Uzbekistan8.08.07.97.85.3
Venezuela1.3-3.9-5.7-  -  
Vietnam5.46.06.76.26.8
Yemen3.6-10.6-29.2-9.8-  
Zambia5.14.73.03.84.1

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GDP Economic News

  • China: Economic growth continues to decelerate in Q4

    January 21, 2019

    In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States.

    Read more

  • 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%.

    Read more

  • 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.

    Read more

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