In 2025, Ethiopia's GDP was forecast to reach almost 121 billion U.S. dollars, the highest in East Africa. Kenya followed, with an expected GDP of around 117 billion U.S. dollars. Comoros, on the other hand, had some of the lowest GDPs, at just over 1.5 billion U.S. dollars.

The combined gross domestic product (GDP) of the G7 countries was estimated to reach nearly 50 trillion U.S. dollars in 2024. The United States accounted for 25 trillion of these, meaning that they stood for over half of the G7's combined GDP. Germany had the second highest GDP of the G7.

The average for 2023 based on 44 countries was 0.59 percent. The highest value was in Germany: 4.32 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

About the Project The project explores alternative methods of measuring economic diversification and investigating its associated impacts on the Saudi Arabian economy and other GCC countries. By utilizing a financial portfolio framework reconciled with economic growth theory, the economy is viewed as a portfolio of economic sectors, each contributing to the overall output growth. Results demonstrated that diversification policies have been effective, as the economy moves towards higher growth with lower instability. Key Points Evidence confirms that there is a positive correlation between the economic growth rate and its volatility/risk in the Gulf Cooperation Council (GCC) region. In other words, there is a trade-off between the benefits of oil and gas activity and the volatility resulting from unpredictable commodity price swings in such resource dependent economies. Our analysis uses a financial portfolio framework approach (and more specifically an efficient frontier analysis), treating economic sectors as individual investments. We calculate a relative risk measure termed the ‘beta coefficient’ and assemble a portfolio of sectors with varying weights to find the efficient frontier. If the beta of the portfolio representing the economy is above global average, the economy will generally grow faster than the global average but with greater volatility – the upturns will be higher and the downturns deeper. We aim to shed light on diversification policy from this novel, if not yet widely accepted, perspective. The GCC economies exhibit ‘high beta,’ particularly Qatar. Saudi Arabia sits in the middle of the group, but above the global average, while Oman has the lowest coefficient of the group. Saudi Arabia’s National Transformation Plan to 2020 and economic Vision 2030 envisage an economy that is still invested in oil and gas activity at 45 percent of total output. While diversification policies in these plans promote economic growth, it still leaves the economy exposed to the volatility of energy markets. In comparison, the optimal mix of economic sectors could increase the growth rate by more than 1 percent annually and nearly halve the expected volatility (to less than 60 percent of growth rate). Saudi Arabia’s historical economic policies were effective in achieving some diversification. However, their benefits could be increased by policies that balance productive efficiency with diversification of economic activity. The difference between policy-optimized portfolio and non-constrained optimization can be used to estimate the size of the fiscal stabilization fund needed to protect the economy from stop/go risks to diversification objectives.

This dataset provides values for GOVERNMENT DEBT TO GDP.2018 reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

US: Trade Balance: Advanced Economies: Sweden data was reported at -801.758 USD mn in May 2018. This records a decrease from the previous number of -708.584 USD mn for Apr 2018. US: Trade Balance: Advanced Economies: Sweden data is updated monthly, averaging -186.800 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 67.400 USD mn in Sep 1980 and a record low of -1.080 USD bn in Apr 2006. US: Trade Balance: Advanced Economies: Sweden data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Slovakia.

FI: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Palau data was reported at 0.052 USD mn in 2017. This records an increase from the previous number of 0.012 USD mn for 2016. FI: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Palau data is updated yearly, averaging 0.012 USD mn from Dec 2004 (Median) to 2017, with 7 observations. The data reached an all-time high of 0.052 USD mn in 2017 and a record low of 0.000 USD mn in 2012. FI: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Palau data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Finland – Table FI.IMF.DOT: Exports: fob: by Country: Annual.

As of 2015, Canada had one of the highest value added energy industries as a percentage of its GDP among the select countries globally. Canada's energy-related industry share of GDP totaled 7.15 percent within this period. Comparatively, Germany’s energy share of their GDP was just 1.5 percent.

GDP and the Business Sectors

Energy share of a country’s GDP is used as a measure to determine how the energy sector may be influencing the economy. Among the same countries, Norway also had the highest share of energy sector employees as part of business sector employment.This indicates that Norway’s energy sector has had a significant impact on employment and economic growth in recent years. However some other sectors may have a much higher share of the business sector employment and the energy sector represents just a small percentage. In comparison, manufacturing employment had a much larger share of the business sector’s employment in recent years. South Korea had the highest share of manufacturing as a proportion of their business sector GDP between 1993 and 2009.

Energy Sector

The energy sector is comprised of a variety of types, tools and investors. Among all industries electricity generation and supply has received the most energy sector investments as of 2017. However, solar energy has received the most investment among renewable energy sectors. Within sectors, there are various types of services and equipment needed to manage and transmit energy. In recent years, mid and small sized oilfield services and equipment saw the largest average revenue growth among energy equipment sectors, while offshore drilling experienced negative growth.

Reports by Asian Development Bank (ADB)

CN: Trade Balance: Advanced Economies: Norway data was reported at -219.369 USD mn in Mar 2018. This records an increase from the previous number of -271.698 USD mn for Dec 2017. CN: Trade Balance: Advanced Economies: Norway data is updated quarterly, averaging -16.242 USD mn from Mar 1981 (Median) to Mar 2018, with 149 observations. The data reached an all-time high of 397.941 USD mn in Dec 2011 and a record low of -456.386 USD mn in Mar 2014. CN: Trade Balance: Advanced Economies: Norway data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s China – Table CN.IMF.DOT: Trade Balance: by Country: Quarterly.

Costa Rica CR: Trade Balance: Other Countries Not Elsewhere Classified data was reported at 26.093 USD mn in 2017. This records a decrease from the previous number of 30.666 USD mn for 2016. Costa Rica CR: Trade Balance: Other Countries Not Elsewhere Classified data is updated yearly, averaging 0.146 USD mn from Dec 1948 (Median) to 2017, with 64 observations. The data reached an all-time high of 33.968 USD mn in 2009 and a record low of -125.291 USD mn in 2001. Costa Rica CR: Trade Balance: Other Countries Not Elsewhere Classified data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Costa Rica – Table CR.IMF.DOT: Trade Balance: by Country: Annual.

Exports: fob: Emerging and Developing Economies: Western Hemisphere: Guatemala data was reported at 0.000 USD mn in Sep 2023. Exports: fob: Emerging and Developing Economies: Western Hemisphere: Guatemala data is updated monthly, averaging 0.000 USD mn from Sep 2023 (Median) to Sep 2023, with 1 observations. The data reached an all-time high of 0.000 USD mn in Sep 2023 and a record low of 0.000 USD mn in Sep 2023. Exports: fob: Emerging and Developing Economies: Western Hemisphere: Guatemala data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Turkmenistan – Table TM.IMF.DOT: Exports: fob: by Country: Monthly.

US: Exports: fob: Emerging and Developing Economies: Sub-Saharan Africa: Seychelles data was reported at 15.546 USD mn in 2017. This records an increase from the previous number of 12.431 USD mn for 2016. US: Exports: fob: Emerging and Developing Economies: Sub-Saharan Africa: Seychelles data is updated yearly, averaging 7.700 USD mn from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 176.300 USD mn in 2001 and a record low of 0.200 USD mn in 1978. US: Exports: fob: Emerging and Developing Economies: Sub-Saharan Africa: Seychelles data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Exports: fob: by Country: Annual.

United States US: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at 9.232 USD bn in Mar 2018. This records an increase from the previous number of 8.151 USD bn for Dec 2017. United States US: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated quarterly, averaging -27.000 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 9.724 USD bn in Sep 2013 and a record low of -2.077 USD bn in Sep 1987. United States US: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

Costa Rica CR: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Vanuatu data was reported at 0.002 USD mn in 2023. This records a decrease from the previous number of 0.003 USD mn for 2021. Costa Rica CR: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Vanuatu data is updated yearly, averaging 0.004 USD mn from Dec 1973 (Median) to 2023, with 12 observations. The data reached an all-time high of 0.092 USD mn in 1994 and a record low of 0.001 USD mn in 1973. Costa Rica CR: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asia: Vanuatu data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Costa Rica – Table CR.IMF.DOT: Exports: fob: by Country: Annual.

India Imports: Developing Countries: Others data was reported at 9.304 USD bn in 2018. This records an increase from the previous number of 7.344 USD bn for 2017. India Imports: Developing Countries: Others data is updated yearly, averaging 1.047 USD bn from Mar 1988 (Median) to 2018, with 31 observations. The data reached an all-time high of 44.514 USD bn in 2006 and a record low of 0.300 USD mn in 1993. India Imports: Developing Countries: Others data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.JAA008: Imports by Country: USD (Annual).

CZ: Imports: cif: Advanced Economies: Norway data was reported at 133.146 USD mn in 2024. This records an increase from the previous number of 71.774 USD mn for 2023. CZ: Imports: cif: Advanced Economies: Norway data is updated yearly, averaging 79.802 USD mn from Dec 1993 (Median) to 2024, with 32 observations. The data reached an all-time high of 485.835 USD mn in 2003 and a record low of 36.254 USD mn in 1993. CZ: Imports: cif: Advanced Economies: Norway data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Czech Republic – Table CZ.IMF.DOT: Imports: cif: by Country: Annual.

Laos LA: Exports: fob: Emerging and Developing Economies: Western Hemisphere: Argentina data was reported at 0.271 USD mn in 2017. This records an increase from the previous number of 0.150 USD mn for 2016. Laos LA: Exports: fob: Emerging and Developing Economies: Western Hemisphere: Argentina data is updated yearly, averaging 0.041 USD mn from Dec 1999 (Median) to 2017, with 16 observations. The data reached an all-time high of 0.322 USD mn in 2007 and a record low of 0.000 USD mn in 2002. Laos LA: Exports: fob: Emerging and Developing Economies: Western Hemisphere: Argentina data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Laos – Table LA.IMF.DOT: Exports: fob: by Country: Annual.

Finland FI: Exports: fob: Advanced Economies: Denmark data was reported at 1.185 USD bn in 2017. This records an increase from the previous number of 998.059 USD mn for 2016. Finland FI: Exports: fob: Advanced Economies: Denmark data is updated yearly, averaging 487.970 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 2.028 USD bn in 2008 and a record low of 18.800 USD mn in 1956. Finland FI: Exports: fob: Advanced Economies: Denmark data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Finland – Table FI.IMF.DOT: Exports: fob: by Country: Annual.