Opinions about coronavirus' impact on the digital economy are mixed: ** percent of surveyed international digital decision makers believed that the digital economy will benefit after the pandemic, whereas ** percent thought that the digital economy will have to endure long-term revenue loss like the overall economy.

In a May 2020 survey, 44 percent of surveyed CIOs said that they expect a U-Shaped economic recovery from COVID-19, with declines in revenue for the second and third quarters of 2020 followed by growth in 2021.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

According to a survey carried out during May, 2020 in Mexico, 76.5 percent of respondents believed that their economic situation was either highly or somewhat affected by the COVID-19 crisis. In comparison, 23.5 percent considered that the situation was only marginally, or not at all affecting their economy. In the Latin American country, the first cases of COVID-19 were confirmed on February 28, 2020. As of July 15, 2020 this figure amounted to 311,486.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

In a survey conducted in September 2020, regarding consumer perception surrounding the economic recovery after coronavirus (COVID-19) in India, 31 percent of the respondents are positive that the economy will bounce back to pre-COVID levels in the next few months. Majority of the respondents disagree that COVID-19 would cause a significant recession or a major economic depression.

The impact of the coronavirus (COVID-19) pandemic had not only brought the global economy to a standstill but set the clock backwards on the developmental progress of several nations. While the rate of infection in India did not appear to be as high as in other countries, precautionary measures adopted dealt a severe blow to the country’s major industries - with the service sector bearing the largest brunt of estimated loss. Manufacturing made a swift recovery in the following months.

Impact of key industries

The loss incurred by enforcing a lockdown in the country was estimated at 26 billion U.S. dollars and a significant decline in GDP growth is also expected in the June quarter of 2020. With the imposition of restrictions on transportation worldwide, the trade sector also took a hit. Exports and imports saw a drastic decline in the country especially in the case of essential commodities such as petroleum, food crops, and coal, among others.

Effect on business in India

The growth rate of the automotive business in India was expected to be the most adversely affected followed by the power supply and IT sectors. Furthermore, many startups, small and medium enterprises in India expected to face issues of supply disruption and a decrease in demand. The effects of aid from the Narendra Modi-led government arguably did little to help in the face of a faltering economy.

Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

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.

Weekly newsletter containing economic commentary, analysis and statistics examining Alberta’s economy, labour market, price indices, household sector and business sector.

Estonia GDP for 2023 was 41.29 billion US dollars, a 7.6% increase from 2022.

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

<li>Estonia GDP for 2022 was <strong>38.38 billion US dollars</strong>, a <strong>3.15% increase</strong> from 2021.</li>
<li>Estonia GDP for 2021 was <strong>37.20 billion US dollars</strong>, a <strong>16.92% increase</strong> from 2020.</li>
<li>Estonia GDP for 2020 was <strong>31.82 billion US dollars</strong>, a <strong>0.17% 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.

The global pandemic caused by coronavirus COVID-19 could have a prolonged impact on China's economy. Manufacturing sector was estimated to drop by 3.61 percentage points form the baseline of no global coronavirus crisis. The overall impact was projected to be a decline by 3.54 percentage point.

Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Upper Bound data was reported at 0.240 % in Jun 2020. This records a decrease from the previous number of 4.490 % for Mar 2020. Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Upper Bound data is updated quarterly, averaging 5.500 % from Dec 2004 (Median) to Jun 2020, with 63 observations. The data reached an all-time high of 7.000 % in Dec 2007 and a record low of 0.240 % in Jun 2020. Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Upper Bound data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Business and Economic Survey – Table ID.SG001: Estimated Economic Indicators for the Upcoming Quarter.

Qatar economic growth for 2023 was 213.00 billion US dollars, a 9.63% decline from 2022.

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

<li>Qatar economic growth for 2022 was <strong>235.71 billion US dollars</strong>, a <strong>31.14% increase</strong> from 2021.</li>
<li>Qatar economic growth for 2021 was <strong>179.73 billion US dollars</strong>, a <strong>24.46% increase</strong> from 2020.</li>
<li>Qatar economic growth for 2020 was <strong>144.41 billion US dollars</strong>, a <strong>18.12% 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.

Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Mean Point Estimates data was reported at -1.260 % in Jun 2020. This records a decrease from the previous number of 4.280 % for Mar 2020. Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Mean Point Estimates data is updated quarterly, averaging 5.160 % from Mar 2011 (Median) to Jun 2020, with 38 observations. The data reached an all-time high of 6.400 % in Sep 2012 and a record low of -1.260 % in Jun 2020. Indonesia Estimated Economic Indicators: Upcoming Quarter:(GDP) Gross Domestic ProductGrowth: Mean Point Estimates data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Business and Economic Survey – Table ID.SG001: Estimated Economic Indicators for the Upcoming Quarter.

Haiti GDP for 2023 was 19.85 billion US dollars, a 1.99% decline from 2022.

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

<li>Haiti GDP for 2022 was <strong>20.25 billion US dollars</strong>, a <strong>2.99% decline</strong> from 2021.</li>
<li>Haiti GDP for 2021 was <strong>20.88 billion US dollars</strong>, a <strong>43.9% increase</strong> from 2020.</li>
<li>Haiti GDP for 2020 was <strong>14.51 billion US dollars</strong>, a <strong>3.38% 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.

Economic multipliers are used to assess the impacts on the economy of an exogenous change in final demand or output of a given industry. Impacts are estimated in terms of total output, gross domestic product, employment and labour income. These multipliers reflect the structure of the Alberta economy and industry linkages during the reference year. Each publication contains multipliers specific to various industries and commodities for two models: the "Open" model covers direct and indirect impacts while the "Closed" model covers direct, indirect and induced impacts. Note regarding the 2020 input-output multipliers: Statistics Canada recommended that due to the COVID pandemic in 2020, the structure of the economy was significantly altered. The 2020 input-output multipliers and input-output models should be used for analysis of economic impacts in 2020. However, for economic impact analysis for more current periods, the 2019 input-output multipliers and input-output models may be considered as more reflective of current economic structures. If you would like to use Alberta’s 2020 and 2019 input-output multipliers from our publications, please contact us at osi.support@gov.ab.ca.

Indonesia: Informal economy, DGE method: The latest value from 2020 is 14.9 percent, a decline from 15.1 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Indonesia from 1990 to 2020 is 18.32 percent. The minimum value, 14.9 percent, was reached in 2020 while the maximum of 22.9 percent was recorded in 1990.

United States SBP: Mfg: COVID-19 Impact: Large Negative Effect data was reported at 27.800 % in 04 Oct 2020. This records a decrease from the previous number of 32.400 % for 27 Sep 2020. United States SBP: Mfg: COVID-19 Impact: Large Negative Effect data is updated weekly, averaging 34.850 % from Apr 2020 (Median) to 04 Oct 2020, with 18 observations. The data reached an all-time high of 46.800 % in 26 Apr 2020 and a record low of 27.800 % in 04 Oct 2020. United States SBP: Mfg: COVID-19 Impact: Large Negative Effect data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S036: Small Business Pulse Survey: by Sector: Weekly, Beg Sunday (Discontinued).