The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2023. In 2023, Guyana ranked 2nd with an estimated GDP growth of approximately 32.96 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

The novel coronavirus pandemic, or COVID-19, had a severe impact on the global economy, causing a decrease of the G20 countries' gross domestic product (GDP) of all G20 countries except for China and Turkey in 2020. The rising inflation in 2022 and 2023 also caused slowing economic growth in some countries, but not nearly as heavy as during the COVID-19 pandemic.For more information about the economic impact of the COVID-19 pandemic on the global economy, please check out our dedicated topic page.

The Gross Domestic Product (GDP) in Mexico expanded 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for FULL YEAR GDP GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Iran gdp growth rate for 2023 was 4.95%, a 1.18% increase from 2022.

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

<li>Iran gdp growth rate for 2022 was <strong>3.78%</strong>, a <strong>0.94% decline</strong> from 2021.</li>
<li>Iran gdp growth rate for 2021 was <strong>4.72%</strong>, a <strong>1.39% increase</strong> from 2020.</li>
<li>Iran gdp growth rate for 2020 was <strong>3.33%</strong>, a <strong>6.4% increase</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 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.

This dataset provides values for GDP GROWTH RATE CONTRIBUTION INVESTMENT reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by 0.15 percent in 2024.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. 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. In 2024, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

Key information about US Nominal GDP Growth

• United States Nominal GDP Growth was reported at 5.028 % in Dec 2024.
• This records a decrease from the previous number of 5.032 % for Sep 2024.
• US Nominal GDP Growth data is updated quarterly, averaging 6.138 % from Mar 1948 to Dec 2024, with 308 observations.
• The data reached an all-time high of 19.646 % in Mar 1951 and a record low of -6.835 % in Jun 2020.
• US Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Bureau of Economic Analysis provides Nominal GDP in USD.

Key information about Iran Real GDP Growth

• The Gross Domestic Product (GDP) in Iran expanded 5.0 % YoY in Mar 2022, following a growth of 6.7 % in the previous quarter.
• Real GDP Growth YoY data in Iran is updated quarterly, available from Jun 1989 to Mar 2022, with an average rate of 3.9 %.
• The data reached an all-time high of 22.7 % in Jun 1992 and a record low of -16.0 % in Sep 2008.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Bank of the Islamic Republic of Iran provides Real GDP in local currency, at 2016-2017 prices. Real GDP Growth prior to Q1 2020 is calculated from Real GDP at 2011-2012 prices. Real GDP Growth prior to Q2 2005 is calculated from Real GDP at 1997-1998 prices.


Related information about Iran Real GDP Growth

• In the latest reports, Nominal GDP of Iran reached 429.4 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 51.5 % in Mar 2022.
• GDP Per Capita in Iran reached 11,557.0 USD in Mar 2021.
• Its Gross Savings Rate was measured at 36.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 32.9 % in Mar 2022.
• Public Consumption accounted for 18.0 % in Mar 2022.
• Private Consumption accounted for 45.2 % in Mar 2022.

Gross domestic product (GDP) is defined as the value of all goods and services produced less the value of any goods or services used in their creation. For measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of a reference year; this is called a chain-linked series. Doing so, price movements will not inflate the growth rate. Expessed as percentage change on the previous period and as percentage change on the previous period per capita.

Vietnam: Economic growth: the rate of change of real GDP: The latest value from 2023 is 5.05 percent, a decline from 8.12 percent in 2022. In comparison, the world average is 3.43 percent, based on data from 184 countries. Historically, the average for Vietnam from 1985 to 2023 is 6.35 percent. The minimum value, 2.55 percent, was reached in 2021 while the maximum of 9.54 percent was recorded in 1995.

OECD members gdp growth rate for 2023 was 1.67%, a 1.11% decline from 2022.

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

<li>OECD members gdp growth rate for 2022 was <strong>2.78%</strong>, a <strong>2.94% decline</strong> from 2021.</li>
<li>OECD members gdp growth rate for 2021 was <strong>5.71%</strong>, a <strong>9.67% increase</strong> from 2020.</li>
<li>OECD members gdp growth rate for 2020 was <strong>-3.95%</strong>, a <strong>5.75% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 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.

Costa Rica gdp growth rate for 2023 was 5.11%, a 0.56% increase from 2022.

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

<li>Costa Rica gdp growth rate for 2022 was <strong>4.55%</strong>, a <strong>3.38% decline</strong> from 2021.</li>
<li>Costa Rica gdp growth rate for 2021 was <strong>7.94%</strong>, a <strong>12.21% increase</strong> from 2020.</li>
<li>Costa Rica gdp growth rate for 2020 was <strong>-4.27%</strong>, a <strong>6.69% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 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.

The Gross Domestic Product (GDP) in Brazil expanded 2.90 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in China expanded 1.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 3.641 % in 2017. This records an increase from the previous number of 2.974 % for 2016. Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 3.845 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.332 % in 1988 and a record low of -8.734 % in 1998. Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Key information about Spain Real GDP Growth

• The Gross Domestic Product (GDP) in Spain expanded 2.7 % YoY in Dec 2022, following a growth of 4.8 % in the previous quarter.
• Real GDP Growth YoY data in Spain is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.9 %.
• The data reached an all-time high of 17.9 % in Jun 2021 and a record low of -21.9 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP Index. The National Statistics Institute provides Real GDP Index at chain linked 2015 prices.


Related information about Spain Real GDP Growth

• In the latest reports, Nominal GDP of Spain reached 352.1 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.2 % in Dec 2022.
• GDP Per Capita in Spain reached 27,002.6 USD in Dec 2020.
• Its Gross Savings Rate was measured at 21.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 22.0 % in Dec 2022.
• Public Consumption accounted for 22.1 % in Dec 2022.
• Private Consumption accounted for 53.1 % in Dec 2022.