In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

What does GDP growth mean?

Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.

Countries with highest GDP growth rate

Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

The Gross Domestic Product (GDP) in the United States expanded 3 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey: Economic growth forecast: The latest value from 2030 is 4.1 percent, an increase from 3.86 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Turkey from 1980 to 2030 is 4.5 percent. The minimum value, -5.75 percent, was reached in 2001 while the maximum of 11.44 percent was recorded in 2021.

Full Year GDP Growth in Russia increased to 4.10 percent in 2024 from 3.60 percent in 2023. This dataset includes a chart with historical data for Russia Full Year Gdp Growth.

Russia's gross domestic product (GDP) was estimated to grow by 4.1 percent in 2024 compared to the previous year. To compare, in 2022, the country's GDP dropped by around 1.44 percent. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Trade balance of Russia With the exception of 2009, Russia’s GDP was relatively stable year-over-year, however at a higher rate prior to the financial crisis. In 2012, Russia reported a trade surplus, meaning that more goods and services combined were exported than imported. However, Russia primarily profited from exporting goods, earning the majority of its revenues from its trade balance of goods, while the nation posted a trade deficit on its services, its highest loss recorded since 2003. Russia imports and exports its products and services primarily to neighboring countries or countries in Europe. Russia’s most important trade partner is arguably China, potentially due to shared borders and strong political relations between the two nations. China is accountable for roughly 19.2 percent of all of Russia’s imports, however only makes up roughly 8.3 percent of the country’s total exports. China has become an important import partner for many nations around the world as well as a country where larger companies can manufacture goods at a cheaper price.

The latest data from show economic growth of 21.1 percent, which is an increase from the rate of growth of 9.5 percent in the previous quarter and
an increase compared to the growth rate of -4.1 percent in the same quarter last year. The economic growth time series for Ireland cover the period...

Papua New Guinea: Economic growth: the rate of change of real GDP: The latest value from 2024 is 4.1 percent, an increase from 3.81 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Papua New Guinea from 1961 to 2024 is 3.82 percent. The minimum value, -3.9 percent, was reached in 1997 while the maximum of 18.2 percent was recorded in 1993.

Key information about Belgium Real GDP Growth

• The Gross Domestic Product (GDP) in Belgium expanded 1.9 % YoY in Sep 2022, following a growth of 4.1 % in the previous quarter.
• Real GDP Growth YoY data in Belgium is updated quarterly, available from Mar 1996 to Sep 2022, with an average rate of 1.9 %.
• The data reached an all-time high of 14.6 % in Jun 2021 and a record low of -12.8 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The National Bank of Belgium provides Real GDP in EUR, at chain linked 2015 prices.


Related information about Belgium Real GDP Growth

• In the latest reports, Nominal GDP of Belgium reached 140.6 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 7.4 % in Sep 2022.
• GDP Per Capita in Belgium reached 51,286.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 25.1 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 28.2 % in Sep 2022.
• Public Consumption accounted for 23.1 % in Sep 2022.
• Private Consumption accounted for 51.4 % in Sep 2022.

In 2023, South Asia recorded the highest real gross domestic product (GDP) growth rate in the Asia-Pacific region at seven percent, at least 2.7 percentage points higher than other subregions. East Asia reported a real GDP growth rate of about 4.3 percent, while Southeast Asia's real GDP growth rate was around 4.1 percent that year. In 2025, South Asia was forecasted to remain the subregion with the highest real GDP growth rate at six percent, while Southeast Asia was projected to rank second at around 4.7 percent.

Ukraine: Economic growth forecast: The latest value from 2030 is 4.1 percent, a decline from 4.2 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Ukraine from 1993 to 2030 is -0.22 percent. The minimum value, -28.76 percent, was reached in 2022 while the maximum of 11.8 percent was recorded in 2004.

DOCSIS 4.1 Silicon Market Outlook

As per our latest research, the global DOCSIS 4.1 silicon market size reached USD 1.34 billion in 2024, reflecting robust adoption across broadband infrastructure upgrades. The market is set to expand at a CAGR of 10.2% from 2025 to 2033, positioning the industry to achieve a projected value of USD 3.13 billion by 2033. This strong growth trajectory is driven by surging demand for ultra-high-speed internet, the proliferation of connected devices, and increasing investments by cable operators and telecom companies in next-generation access technologies. The DOCSIS 4.1 silicon market continues to benefit from the global digital transformation and the urgent need for network operators to deliver multi-gigabit broadband experiences.

One of the primary growth factors for the DOCSIS 4.1 silicon market is the exponential increase in consumer and enterprise data consumption. The widespread adoption of 4K/8K video streaming, cloud gaming, IoT devices, and remote work solutions has placed unprecedented demands on broadband networks. DOCSIS 4.1 technology, with its enhanced bandwidth and latency improvements, empowers service providers to deliver multi-gigabit downstream and upstream speeds, supporting next-generation applications and services. This capability is crucial for operators seeking to retain and attract customers in an intensely competitive broadband market. The silicon solutions underpinning DOCSIS 4.1 enable seamless integration, reliability, and scalability, further fueling their adoption across regions with high-speed connectivity requirements.

Another significant driver is the ongoing modernization of cable infrastructure by major operators and ISPs. As legacy DOCSIS 3.0 and 3.1 networks approach their performance limits, there is a marked shift toward deploying DOCSIS 4.1 silicon to future-proof broadband offerings. The technology’s ability to support full duplex communication, improved spectral efficiency, and backward compatibility with existing infrastructure makes it an attractive investment for network upgrades. Additionally, government initiatives aimed at bridging the digital divide, especially in rural and underserved areas, are catalyzing demand for DOCSIS 4.1 solutions. These initiatives often include subsidies and incentives for ISPs to enhance broadband access, indirectly boosting the silicon market.

The rapid evolution of smart cities and industrial automation also contributes to the rising adoption of DOCSIS 4.1 silicon. Enterprises and municipalities are increasingly relying on high-speed, low-latency networks to power edge computing, real-time analytics, and mission-critical applications. DOCSIS 4.1’s advanced features, such as increased channel bonding and improved noise resilience, make it ideal for supporting these use cases. Moreover, the technology enables operators to deliver differentiated services to both residential and commercial customers, opening up new revenue streams. This trend is expected to accelerate as digital infrastructure becomes a key enabler of economic growth and innovation across sectors.

Regionally, North America continues to dominate the DOCSIS 4.1 silicon market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The United States, in particular, is witnessing aggressive rollouts by leading cable operators, while Canada and Western Europe are also investing heavily in broadband upgrades. Meanwhile, Asia Pacific is emerging as a high-growth market, driven by rapid urbanization and increasing internet penetration in countries like China, India, and South Korea. Latin America and the Middle East & Africa are gradually catching up, supported by government-led digitalization initiatives and growing demand for high-speed connectivity. Each region presents unique opportunities and challenges, shaping the competitive dynamics of the DOCSIS 4.1 silicon landscape.

Component Analysis

The component segment of the DOCSIS 4.1 silicon market comprises transce

Key information about Kenya Real GDP Growth

• The Gross Domestic Product (GDP) in Kenya expanded 5.2 % YoY in Sep 2022, following a growth of 5.3 % in the previous quarter.
• Real GDP Growth YoY data in Kenya is updated quarterly, available from Mar 2010 to Sep 2022, with an average rate of 5.4 %.
• The data reached an all-time high of 13.6 % in Mar 2011 and a record low of -4.1 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Kenya National Bureau of Statistics provides Real GDP in local currency, at 2016 prices. Real GDP Growth prior to Q1 2017 is calculated from Real GDP at 2009 prices.


Related information about Kenya Real GDP Growth

• In the latest reports, Nominal GDP of Kenya reached 26.9 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 4.0 % in Sep 2022.
• GDP Per Capita in Kenya reached 2,236.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 13.3 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 20.3 % in Dec 2021.
• Public Consumption accounted for 12.1 % in Dec 2021.
• Private Consumption accounted for 74.6 % in Dec 2021.

The growth of the real gross domestic product (GDP) in Algeria was estimated at approximately 3.54 percent in 2024. Between 1980 and 2024, the growth rose by around 8.94 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by about 1.14 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

GDP growth of Malta slumped by 12.17% from 6.8 % in 2023 to 6.0 % in 2024. Since the 218.12% surge in 2017, GDP growth sank by 53.98% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Key information about Brunei Real GDP Growth

• The Gross Domestic Product (GDP) in Brunei expanded 0.9 % YoY in Sep 2022, following a negative growth of 4.4 % in the previous quarter.
• Real GDP Growth YoY data in Brunei is updated quarterly, available from Mar 2005 to Sep 2022, with an average rate of 0.2 %.
• The data reached an all-time high of 7.1 % in Dec 2019 and a record low of -6.0 % in Mar 2014.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Department of Economic Planning and Statistics, Ministry of Finance and Economy provides Real GDP in local currency, at 2010 prices based on SNA 2008. Real GDP Growth prior to Q1 2014 is calculated from Real GDP at 2000 prices based on SNA 1993.


Related information about Brunei Real GDP Growth

• In the latest reports, Nominal GDP of Brunei reached 4.1 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 22.0 % in Sep 2022.
• GDP Per Capita in Brunei reached 31,781.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 60.0 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Sep 2022.
• Public Consumption accounted for 17.6 % in Sep 2022.
• Private Consumption accounted for 22.4 % in Sep 2022.

The coronavirus (COVID-19) pandemic may slow down the economy growth in Tanzania. According to estimates done in December 2020, the country’s Gross Domestic Product was expected to grow by 2.1 percent in 2020. Before the outbreak, GDP growth forecast for that year was around six percent. For the next years, the Tanzanian economy might progressively resume the economic activity. The GDP growth was projected at 4.1 percent in 2021.

The Gross Domestic Product (GDP) in Angola expanded 3.50 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Angola GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China) Real GDP Growth

• The Gross Domestic Product (GDP) in Hong Kong SAR (China) expanded 2.8 % YoY in Mar 2023, following a negative growth of 4.1 % in the previous quarter.
• Real GDP Growth YoY data in Hong Kong SAR (China) is updated quarterly, available from Mar 1991 to Mar 2023, with an average rate of 3.5 %.
• The data reached an all-time high of 12.3 % in Jun 2004 and a record low of -9.6 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Census and Statistics Department provides Real GDP in local currency, at chain linked 2021 prices.


Related information about Hong Kong SAR (China) Real GDP Growth

• In the latest reports, Nominal GDP of Hong Kong SAR (China) reached 91.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• GDP Per Capita in Hong Kong SAR (China) reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 19.7 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.2 % in Mar 2023.
• Public Consumption accounted for 15.0 % in Mar 2023.
• Private Consumption accounted for 70.0 % in Mar 2023.

Economic growth, quarterly in Bosnia and Herzegovina, December, 2024 The most recent value is 1.2 percent as of Q4 2024, a decline compared to the previous value of 1.4 percent. Historically, the average for Bosnia and Herzegovina from Q1 2009 to Q4 2024 is 0.66 percent. The minimum of -9.9 percent was recorded in Q2 2020, while the maximum of 4.1 percent was reached in Q3 2020. | TheGlobalEconomy.com

GDP growth of Belarus decreased by 2.83% from 4.1 % in 2023 to 4.0 % in 2024. Since the 24.37% surge in 2018, GDP growth shot up by 27.33% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.