The statistic shows the potential impact of artificial intelligence (AI) on the gross domestic product (GDP) in the United States by 2030. The incremental increase of the GDP triggered by artificial intelligence through increased productivity from labor substitution is projected at 15 percentage points.
India's quarterly GDP was estimated to grow by 8.4 percent in the second quarter of financial year 2022 compared to the same quarter in the previous fiscal year. While continuing to be a positive change, it was a significant reduction from the performance during the first quarter of fiscal year 2022 when GDP growth peaked by 20 percent.
Cost of the pandemic
As a result of the various lockdowns enforced since the onset of the coronavirus pandemic in 2020, the Indian economy has been reeling from a multibillion dollar setback. The GDP contribution as well as the employment rate among most major sectors, especially services and trade, had taken a hit. The agriculture sector was an exception, having experienced positive changes on both these fronts.
A slowly recovering economy
With the outbreak of the second wave of the pandemic in March 2021, the government redirected financial support to boost India’s vaccination campaign. As of February 2022, over a billion vaccine doses had been administered across the country. Furthermore, inflation within the country was expected to decline 2021 onwards. However, the stagnation of employment continued to remain a matter of concern with protests erupting across different states in 2022.
The statistic shows the potential economic impact of artificial intelligence (AI) on the GDP worldwide by industry sector in 2030. Artificial intelligence is forecast to enhance the gross domestic product of the energy, utilities and mining industry by *** percent in terms of productivity.
This statistic shows the estimated impact the use of artificial intelligence (AI) on environmental applications may have on the regional gross domestic products (GDP) in 2030. It is projected that Europe would be the region whose economy could benefit the most from using AI for environmental applications, increasing its GDP potentially by *** percent by 2030, in comparison to a business-as-usual scenario. Globally, economic gain from using AI in the agriculture, energy, transport and water sector could reach between *** to *** trillion U.S. dollars by 2030.
The economic impact to the United Kingdom caused by climate change is expected to be around *** percent of the GDP by 2100 following the current policies (SSP3-7.0). In case of a more strict mitigation (SSP1-2.6), the economic impact could be reduced by around five percentage points.
The coronavirus (COVID-19) impacted the economy in North Africa. A study conducted in December 2020 showed that the growth of the North African real gross domestic product (GDP) was estimated at minus *** percent in 2020. This was in contrast with previous projections made by the same source in July 2020, which expected a contraction by *** percent in 2020. Nevertheless, the slowdown remained significant, although other regions on the continent experienced significantly sharper declines. Moreover, the regional economy was projected to recover considerably in 2021 and 2022, with a growth of **** percent and *** percent, respectively.
It was estimated that the gross domestic product (GDP) of Mexico would experience a percentage change of **** and **** in January and February 2025.
The economic consequences of COVID-19 in the Netherlands worsened between initial outlooks in ********** and the latest one from *********. This according to possibly the most important of five sources in the Netherlands who presented economic outlooks, as the numbers provided here come from an official body that is used by the Dutch government to calculate their policies. Originally, this CPB or Netherlands Bureau for Economic Policy Analysis believed Dutch GDP to decrease by **** percent. Three months later, this was adjusted to minus *** percent in the base scenario.
The numbers shown are from four possible scenarios that were originally released at the end of March, 2020, all based on how long emergency measures from the Dutch government to counter the coronavirus would be in place. The source back then stated very strongly that these numbers are not official forecasts, but rather estimates of how big the economic impact of the pandemic could potentially be. At the time of its original release, there were too many unknowns to come to a full forecast. In *********, the source expressed the same uncertainty, citing "considerable uncertainty about the course of the pandemic and the rate of recovery of the economy". This opinion was also voiced by Dutch bank Rabobank in **********, which also attempted a GDP growth outlook with the coronavirus in mind for the Netherlands.
According to estimations made after the outbreak of coronavirus (COVID-19), in 2020 the Gross Domestic Product of Italy is forecasted to drop by three percent compared to the previous year. Afterwards, this figure is believed to grow again. However, a forecast from April 2020 estimates that Italy's GDP could decrease of over ***** percent in 2020.
Italy is one of the countries with the highest number of coronavirus cases worldwide. Currently, this pandemic has infected people across *** continents.
According to a study, the global economy is expected to face a negative deviation in GDP growth due to climate change by the year 2048. The largest economies in Latin America are no exception: Mexico, for instance, is projected to experience a decrease of almost *** percent in its real GDP, in a scenario where global temperatures increase by *** degrees Celsius, compared to the baseline period from 1986 to 2005. In this same scenario, Colombia would face a decrease of almost *** percent in its real GDP by 2048.
Roughly ** percent of the annual GDP of lower income countries worldwide in 2050 could be at risk of loss due to exposure to climate hazards, in a slow transition scenario without adaptation measures. Extreme heat and water stress are forecast to have the biggest impact, at *** and *** percent, respectively. In contrast, in upper income countries, the same hazards would put less than one percent of the annual GDP at risk. Nevertheless, climate hazards would still put almost ***** percent of upper income countries' GDP at risk by 2050, in a no-adaptation scenario.
The impact of the coronavirus (COVID-19) lockdown in India slashed GDP growth forecasts for financial year 2021. Among the agencies that estimated growth, World Bank predicted a contraction of nearly *** percent, while the SBI (before the Maharashtra lockdown in April 2021) estimated a decline of ***** percent.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
It was estimated that the economic impact of overweight and obesity in high income countries in 2020 was around 2.6 percent of their GDP. By the year 2035, the economic impact of overweight and obesity in high income countries is predicted to equal around three percent of GDP. This statistic shows the economic impact of overweight and obesity as proportion of total GDP in 2020 and forecasts for the years 2025, 2030, and 2035, by country income level.
The private equity sector in the United States is estimated to have contributed to the country's gross domestic product (GDP) with ************ U.S. dollars - or approximately ***** percent of the total in 2024. Also, private equity-backed businesses employ over ** million people, with employee earnings amounting to over ************ U.S. dollars.
According to estimations conducted in December 2020, the real GDP growth in Botswana was envisioned to contract by *** percent in 2020. This is in line with the majority of the economies on the African continent due to the coronavirus (COVID-19) pandemic. Nevertheless, the economy is anticipated to pick up quickly in 2021, with the real GDP growing by *** percent. This is projected to continue in 2022, however at a slower rate, rising by *** percent.
A potential stop in the West's gas trade with Russia could lead to the latter's GDP loss of almost three percent, according to an estimate from 2022. A ban on imports and exports of crude oil could lead to a decline of 1.2 percent in the Russian GDP.
The Libyan economy suffered from the impact of the coronavirus (COVID-19) pandemic. In 2020, the country's real Gross Domestic Product (GDP) declined dramatically by over ** percent. This was the sharpest GDP contraction in North Africa in that year. Nevertheless, projections made in December 2020 showed that the country's economy would recover in 2021 and 2022, with a positive growth of the GDP.
Worse decline than expected
According to previous estimates conducted by the same source, without the pandemic, the country’s GDP would have expanded by *** percent in 2020 and *** percent in 2021, respectively. Moreover, within the scenario that the pandemic continued until the end of 2020, the GDP growth was projected at minus **** percent. These calculations were made in *********. As displayed, projections have been subsequently updated, showing a significantly stronger impact of the coronavirus (COVID-19) crisis on the Libyan GDP, contrary to earlier estimates. This could be explained by the deteriorating health situation, with Libya being among the African countries with the highest number of confirmed cases since the beginning of the pandemic, as well as the impact of the outbreak on the country’s key sectors.
Economic impact of COVID-19
The coronavirus (COVID-19) spread rapidly in Libya and the health crisis impacted economic growth, already challenged by social and political instability and poor national security due to the Libyan conflict. Furthermore, the country’s economy is heavily reliant on oil, with oil rents accounting for over ** percent of the GDP in 2018. The global crisis due to COVID-19 determined a considerable fall in oil prices, undermining the profitability of the hydrocarbon sector. In 2020, oil exports from Libya fell dramatically by around ** percent compared to the previous year.
The statistic shows the potential economic impact of artificial intelligence (AI) on the GDP in North America by industry sector in 2030. Artificial intelligence is forecast to enhance the gross domestic product of the energy, utilities and mining industry in North America by * percent in terms of productivity.
Following a worldwide trend, the coronavirus (COVID-19) pandemic is envisioned to affect negatively the economy in South Africa. As of December 2020, the GDP growth for 2019 was 0.2 percent. However, it is estimated that in 2020 the growth of real GDP will be revised at minus 8.2 percent. Furthermore, the economy was expected to pick up in 2021 and 2022, with the real GDP projected to grow by 3 percent and 1.6 percent, respectively.
In regard to South African cumulative coronavirus cases, the country is the most hit in the continent, with more than 1.55 million cases as of April 2020.
This statistic shows the estimated impact artificial intelligence (AI) may have on the global gross domestic products (GDP) in 2030, by region. It is projected that China would be the country whose economy could benefit the most from AI, with its GDP potentially becoming **** percent higher in 2030 - the equivalent of an additional ******billion U.S. dollars - due to the impact of AI.
The statistic shows the potential impact of artificial intelligence (AI) on the gross domestic product (GDP) in the United States by 2030. The incremental increase of the GDP triggered by artificial intelligence through increased productivity from labor substitution is projected at 15 percentage points.