In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

Full Year GDP Growth in World increased to 3.20 percent in 2024 from 2.80 percent in 2023. This dataset includes a chart with historical data for World Full Year GDP Growth.

Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Central Bank data was reported at -2.480 % in Mar 2025. This records an increase from the previous number of -2.880 % for Feb 2025. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Central Bank data is updated monthly, averaging -1.070 % from Jan 1998 (Median) to Mar 2025, with 327 observations. The data reached an all-time high of 1.330 % in Sep 2007 and a record low of -9.970 % in Jun 2020. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Central Bank data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.FB013: Public Sector Net Debt: % of Nominal GDP: by Sector.

Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: External: Central Bank data was reported at -15.250 % in Mar 2025. This records an increase from the previous number of -15.490 % for Feb 2025. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: External: Central Bank data is updated monthly, averaging -14.640 % from Jan 1998 (Median) to Mar 2025, with 327 observations. The data reached an all-time high of -2.890 % in Apr 2003 and a record low of -26.970 % in Oct 2020. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: External: Central Bank data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.FB013: Public Sector Net Debt: % of Nominal GDP: by Sector.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation data was reported at 63.000 Unit in Apr 2025. This records an increase from the previous number of 60.000 Unit for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation data is updated monthly, averaging 61.000 Unit from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 89.000 Unit in Mar 2013 and a record low of 29.000 Unit in Feb 2023. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Number of Observation data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S006: Survey of Market Participants: Central Bank of the Republic of Turkey.

We use the yield curve to predict future GDP growth and recession probabilities. The spread between short- and long-term rates typically correlates with economic growth. Predications are calculated using a model developed by the Federal Reserve Bank of Cleveland. Released monthly.

World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.

<ul style='margin-top:20px;'>

<li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.2% increase</strong> from 2021.</li>
<li>World GDP for 2021 was <strong>97.848 trillion US dollars</strong>, a <strong>14.09% increase</strong> from 2020.</li>
<li>World GDP for 2020 was <strong>85.763 trillion US dollars</strong>, a <strong>2.71% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

Trade (% of GDP) in World was reported at 56.56 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by June 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Domestic: Central Bank data was reported at 12.770 % in Mar 2025. This records an increase from the previous number of 12.610 % for Feb 2025. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Domestic: Central Bank data is updated monthly, averaging 13.190 % from Jan 1998 (Median) to Mar 2025, with 327 observations. The data reached an all-time high of 21.540 % in Sep 2015 and a record low of 1.540 % in Jul 2003. Brazil Net Public Debt to(GDP) Gross Domestic ProductRatio: Domestic: Central Bank data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.FB013: Public Sector Net Debt: % of Nominal GDP: by Sector.

Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation data was reported at 0.510 % in Apr 2025. This records an increase from the previous number of 0.480 % for Mar 2025. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation data is updated monthly, averaging 0.605 % from Jan 2013 (Median) to Apr 2025, with 148 observations. The data reached an all-time high of 1.690 % in Feb 2023 and a record low of 0.430 % in Aug 2015. Turkey MS:(GDP) Gross Domestic ProductGrowth Rate: Next Year: Standard Deviation data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S006: Survey of Market Participants: Central Bank of the Republic of Turkey.

Money Transfer Agencies Market Outlook

The global money transfer agencies market size reached approximately USD 800 billion in 2023 and is expected to grow to nearly USD 1.2 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This substantial growth is primarily driven by the increasing globalization of economies, which necessitates efficient money transfer solutions to support both personal and business needs across international borders. The rise of digital banking, the proliferation of smartphones, and increasing internet penetration have also propelled the growth of the market by making money transfers more accessible and less costly. Furthermore, remittances, which form a significant part of this market, are crucial for many economies, particularly in developing regions, ensuring a steady demand for money transfer services.

One of the most significant growth factors for the money transfer agencies market is the increase in foreign workforce and expatriates who regularly send money back home, known as remittances. This trend is particularly strong in regions such as the Middle East and North America, where a large number of immigrants reside. With global migration patterns continuing to expand due to better opportunities abroad, there is a consistent demand for reliable and efficient money transfer agencies. Additionally, the economic contributions from expatriates are crucial to the GDP of many developing nations, fostering further growth in the money transfer market. The continuous improvement of regulatory frameworks to ensure the safety and security of financial transactions also spurs growth, as it creates a more trustworthy environment for consumers.

The technological advancements in financial services, particularly in digital payment systems, have been pivotal in the growth of the money transfer agencies market. Mobile banking and online financial services have greatly reduced the dependency on traditional banking systems, offering quicker, more convenient, and cheaper alternatives for money transfers. Technologies such as blockchain are increasingly being explored to enhance transaction security and efficiency, promising to revolutionize the industry further. This shift towards digital solutions not only caters to tech-savvy younger generations but also reaches underserved populations in remote areas, thereby widening the market base. The integration of artificial intelligence and machine learning in financial services has also improved user experience through personalized services and fraud detection mechanisms.

Another growth factor is the increasing number of strategic partnerships and collaborations between money transfer agencies and other financial service providers. These partnerships enhance service delivery and expand the reach of money transfer services. For instance, collaborations with telecommunications companies allow for mobile money transfers, broadening the accessibility of these services. Financial inclusion is a major goal for many governments, especially in developing countries, which further encourages partnerships with money transfer agencies to offer financial services to unbanked and underbanked populations. By facilitating seamless and cost-effective remittance services, these collaborations are key growth drivers for the industry.

Service Type Analysis

The money transfer agencies market is majorly segmented by service type into domestic and international money transfers. Domestic money transfers, although vital, are largely driven by the need for personal and business transactions within national borders. This segment benefits from the increasing digitalization of payment systems, facilitating quick and efficient transfers. With the growth of e-commerce and the gig economy, domestic transactions have seen significant upticks as individuals and businesses require immediate payment solutions. Moreover, the rise of peer-to-peer payment platforms has made domestic transfers more user-friendly and accessible to a broader demographic.

International money transfers, on the other hand, form a significant portion of this market, driven by the need for remittances, cross-border trade, and global business operations. The increase in global migration, as well as international business expansions, fuels the demand for international money transfer services. These transfers pose unique challenges such as currency conversion, regulatory compliance, and transaction speed, which money transfer agencies are continually innovating to address. The introduction of digital wallets and blockchain technology is particularly influential in this s

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in India was worth 3912.69 billion US dollars in 2024, according to official data from the World Bank. The GDP value of India represents 3.69 percent of the world economy. This dataset provides the latest reported value for - India GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the growth rate in the real GDP in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the rate of GDP growth in the United Kingdom was at around 1.1 percent compared to the previous year.The economy of the United KingdomGDP is used an indicator as to the shape of a national economy. It is one of the most regularly called upon measurements regarding the economic fitness of a country. GDP is the total market value of all final goods and services that have been produced in a country within a given period of time, usually a year. Inflation adjusted real GDP figures serve as an even more telling indication of a country’s economic state in that they act as a more reliable and clear tool as to a nation’s economic health. The gross domestic product (GDP) growth rate in the United Kingdom has started to level in recent years after taking a huge body blow in the financial collapse of 2008. The UK managed to rise from the state of dark desperation it was in between 2009 and 2010, from -3.97 to 1.8 percent. The country suffered acutely from the collapse of the banking industry, raising a number of questions within the UK with regards to the country’s heavy reliance on revenues coming from London's financial sector, arguably the most important in the world and one of the globe’s financial command centers. Since the collapse of the post-war consensus and the rise of Thatcherism, the United Kingdom has been swept along in a wave of individualism - collective ideals have been abandoned and the mass privatisation of the heavy industries was unveiled - opening them up to market competition and shifting the economic focus to that of service.The Big Bang policy, one of the cornerstones of the Thatcher government programs of reform, involved mass and sudden deregulation of financial markets. This led to huge changes in the way the financial markets in London work, and saw the many old firms being absorbed by big banks. This, one could argue, strengthened the UK financial sector greatly and while frivolous and dangerous practices brought the sector into great disrepute, the city of London alone brings in around one fifth of the countries national income making it a very prominent contributor to wealth in the UK.

In 2024, Japan's gross domestic product (GDP) grew by three percent at current prices, according to the second preliminary announcement in March 2025. A year earlier, the highest growth rate of Japan’s nominal GDP in almost three decades was recorded. The nominal GDP measures the value of all goods and services produced in an economy, including price changes. GDP growth and inflation Japan’s real GDP growth, which is adjusted for inflation, was lower at 0.1 percent. After decades of struggling with deflation and attempts to reach a two percent inflation target with economic stimulus packages and monetary easing policies, consumer prices in Japan increased by almost 3.3 percent in 2023, led by global inflation. This development prompted the Bank of Japan to shift its monetary policy and raise the short-term interest rate for the first time in 17 years in 2024. Japan lost its status as the third-largest economy Many countries have raised interest rates in response to higher inflation in the past years. Since Japan’s central bank has done so at a much slower pace, a widening interest gap emerged between Japan and other major economies of the world. This is also one of the reasons for the depreciation of the yen against the dollar. Due to the weak yen, Japan’s GDP declined when converted into U.S. dollars, resulting in Japan losing its status as the third-largest economy in terms of GDP to Germany in 2023.