The state of Utah experienced the most significant GDP growth in 2024, growing by seven percent from 2023. Florida, South Carolina, and North Carolina also experienced high amounts of growth in the same period. North Dakota was the only state that saw a decrease in GDP, falling 0.8 percent.

The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
What does GDP growth mean? Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022. Countries with highest GDP growth rate Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2024. In 2043, Guyana ranked 1st with an estimated GDP growth of approximately 43.57 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.

This statistic shows the ten countries with the fastest growing economies in the world from 2001 to 2010. Over the past decade, Angola has demonstrated the fastest economic growth rate with average annual GDP growth sitting as high as 11.1 percent. The overall quarterly GDP growth in the United States can be found here.

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

The fastest growing economy in Europe in 2024 was Malta. The small Mediterranean country's gross domestic product grew at five percent in 2024, beating out Montenegro which had a growth rate of almost four percent and the Russian Federation which had a rate of 3.6 percent in the same year. Estonia was the country with the largest negative growth in 2024, as the Baltic country's economy shrank by 0.88 percent compared with 2023, largely as a result of the country's exposure to the economic effects of Russia's invasion of Ukraine and the subsequent economic sanctions placed on Russia. Germany, Europe's largest economy, experience economic stagnation with a growth of 0.1 percent. Overall, the EU (which contains 27 European countries) registered a growth rate of one percent and the Eurozone (which contains 20) grew by 0.8 percent.

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2030. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2024, South Korea's GDP was around 1.87 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economy South Korea is doing quite well economically. It is among the leading export countries worldwide, it mainly exports electronics, automobiles and machinery. South Korea is also one of the leading import countries worldwide. Additionally, it is one of the leading countries with the largest proportion of global domestic product / GDP based on Purchasing Power Parity (PPP). Its GDP has been increasing for the last few years, while the gross domestic product / GDP growth in South Korea has not been steady but increasing since 2009. South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Entrepreneurship Number of companies appearing in the annual Inc. 5000 list of Fastest Growing Companies in America (top states by number of companies in 2020)

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

The 1973-1975 recession marked the end of a remarkably prosperous period for developed economies. Apart from the United States, who experienced a brief recession in 1969-70, the other nations had enjoyed a period of uninterrupted growth in the 25 years leading up to this event. Japan in particular had the fastest growth of any major economy. This ended, however, following the 1973 oil crisis, which saw the member states of the OAPEC (Organization of Arab Petroleum Exporting Countries) place an embargo on the nations who supported Israel during the Yom Kippur War, particularly the U.S., who supplied arms to Israel. As a result, oil prices quadrupled in some periods; the U.S. and most of its major economic partners then went into recession due to their dependency on oil imports. Additional factors exacerbated the effects of the recession in each country, such as the miners' strike in the United Kingdom, or Nixon's unstable economic policies in the early 1970s. It was not until 1976 when the major OECD economies would come out of their recession, although real GDP growth rates would not return to the consistent highs experienced in the 1950s and 1960s. Additionally, while GDP growth resumed within a few years, inflation rates and unemployment rates generally remained higher going into the 1980s.

The economy of the European Union is set to grow by *** percent in 2026, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. ***** is the country which is forecasted to grow the most in 2026, with an annual growth rate of **** percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation, with Germany, France, and Italy growing below *** percent.

This dataset displays the current-dollar GDP by US state. The period covered includes 2003-2006. Posted for each state and year is the state GDP in millions of dollars and the percent of US total GDP. This data was collected from the Bureau of Economic Analysis at their web page at: http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm Access Date: October 29, 2007

Small Shield Machine Market Outlook

The global market size for Small Shield Machines was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 6.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2032. This growth is primarily driven by increasing urbanization, the need for efficient underground construction solutions, and advancements in tunneling technology.

Urbanization is one of the primary growth factors driving the Small Shield Machine market. With the global population increasingly moving towards urban areas, the demand for infrastructure development has surged. This has necessitated the construction of new metros, subways, underground utilities, and road tunnels to accommodate the growing urban sprawl. Small Shield Machines offer an efficient and effective solution for such subterranean construction projects, thereby fueling their market demand. Additionally, advancements in technology have led to significant improvements in the efficiency and capability of these machines, further propelling market growth.

The increasing focus on sustainable infrastructure development is another key growth factor for the Small Shield Machine market. Governments and private entities are investing heavily in the construction of energy-efficient, resilient, and environmentally friendly infrastructure. Small Shield Machines are particularly well-suited for projects that require minimal disruption to the surface environment, making them ideal for urban environments. This has led to a rise in their adoption for a variety of applications, including tunneling for utilities, transportation, and mining.

Another significant factor contributing to market growth is the rise in mega infrastructure projects globally. Countries like China, India, and the United States are investing in large-scale infrastructure projects to boost economic growth and improve public services. These projects often require extensive underground construction, making Small Shield Machines indispensable. Furthermore, the increasing awareness about the long-term cost savings and safety benefits associated with using advanced tunneling machines has also encouraged their adoption, contributing to market expansion.

In terms of regional outlook, the Asia Pacific region is expected to dominate the Small Shield Machine market during the forecast period. Rapid urbanization, significant infrastructure investments, and the presence of some of the fastest-growing economies in the world contribute to the region's leading position. North America and Europe are also anticipated to show considerable growth due to ongoing infrastructure modernization initiatives and the replacement of aging tunneling equipment. Latin America and the Middle East & Africa, although smaller markets, are expected to witness steady growth driven by urbanization and infrastructure development projects.

Type Analysis

The Small Shield Machine market can be segmented by type into Earth Pressure Balance Machines, Slurry Shield Machines, Open Face Shield Machines, and others. Earth Pressure Balance Machines are particularly popular due to their ability to maintain ground stability and control soil pressure effectively. These machines are mainly used in urban tunneling projects where ground conditions are variable, and maintaining surface stability is crucial. The demand for Earth Pressure Balance Machines is expected to witness significant growth, driven by their application in various infrastructure development projects.

Slurry Shield Machines are another important segment in the Small Shield Machine market. These machines are designed to work in soft, water-bearing soils and are capable of controlling ground pressures effectively. The use of slurry facilitates the excavation process, making it ideal for challenging geological conditions. As urban areas expand into regions with complex soil compositions, the demand for Slurry Shield Machines is likely to increase, contributing to market growth.

Open Face Shield Machines, while less complex than their counterparts, offer specific advantages in certain scenarios. These machines are typically used in stable ground conditions and are favored for their simplicity and cost-effectiveness. They are often employed in smaller, less complex tunneling projects where advanced ground control is not required. Despite their limited application range, Open Face Shield Machines are expected to maintain steady demand, particularly in developing regions where budget constraints may

The statistic shows the value of exports of goods from India from 2014 to 2024. In 2024, goods with a value of around 442.6 billion U.S. dollars were exported from India. Trade and economy in India Being one of the BRICS countries, India is one of the leading emerging market countries worldwide, and one of the fastest-growing economies. It is the world's most populous country. As for India’s economy, the country has been reporting a promising development of key figures over the last few years: Gross domestic product / gdp in India has been increasing significantly, while inflation in India and other indicators, such as the country’s unemployment rate, have been more or less stable. India is also among the countries with the largest gross domestic product / gdp and among those with the highest gross domestic product growth. The majority of India’s labor force works in agriculture – the industrial and the services sector both make up about 25 percent each of the country’s economy. India’s main export partners are the United Arab Emirates, the United States and China; the country’s leading exports include textile goods, software, and petroleum products. As for imports, India mainly imports crude oil, chemicals, and machinery, again, from China, the United States, and the United Arab Emirates, among others.

The unemployment rate in the Republic of Ireland was 4.7 percent in August 2025, compared with 4.8 percent in the previous month. Between 2000 and 2007, Ireland's unemployment rate was broadly stable, fluctuating between 3.9 and 5.4 percent. Following the global financial crisis, however, Ireland's unemployment rate increased dramatically, eventually peaking at 16.1 percent in early 2012. For the next eight years, unemployment gradually fell, eventually reaching pre-crisis levels in the late 2010s. This was, however, followed by an uptick in unemployment due to the COVID-19 pandemic, which peaked at 7.6 percent in March 2021, before falling to pre-pandemic levels by February 2022. Risk and rewards of the Irish economic model After being quite hard hit by the global financial crisis of 2008, Ireland staged a strong recovery in the mid-2010s, and was frequently the EU's fastest growing economy between 2014 and 2022. This growth, was however, fueled in part by multinational companies, such as Apple, basing their European operations in the country. As of 2022, an adjusted measure of gross national income valued Ireland's economy at around 273 billion Euros, rather than the 506 billion Euros GDP figure. Ireland's close economic relationship with American tech companies also leaves it vulnerable to the political weather in the United States. It is currently unclear, for example, what the recent return to power of Donald Trump as President in early 2025 could mean for the Irish economy going forward. Ireland's labor market As of the third quarter of 2024, there were approximately 2.79 million people employed in the Republic of Ireland. Of these workers, 379,200 people worked in Ireland's human health and social work sector, the most of any industry at that time. Other sectors with high employment levels include wholesale and retail trade, at 323,500 people, and education, at 228,200 people. While unemployment still remains quite low, some indicators suggest a moderate loosening of the labor market. Job vacancies, are slightly down from their peak of 35,300 in Q2 2022, amounting to 28,900 in Q3 2024, while youth unemployment has begun to tick upwards, and was 11.9 percent in January 2025.

Nighttime Lights Economic Indicators Market Outlook

According to our latest research, the Global Nighttime Lights Economic Indicators market size was valued at $2.1 billion in 2024 and is projected to reach $7.8 billion by 2033, expanding at a robust CAGR of 15.2% during 2024–2033. One of the primary drivers fueling this remarkable growth is the increasing reliance on real-time, objective data for economic analysis and urban development, especially as satellite and remote sensing technologies become more accessible and sophisticated. Nighttime lights data, derived from satellite and aerial imagery, has emerged as a crucial proxy for economic activity, infrastructure development, and disaster response, empowering governments, financial institutions, and urban planners to make more informed decisions in an ever-evolving global landscape.

Regional Outlook

North America currently holds the largest share of the Nighttime Lights Economic Indicators market, accounting for approximately 38% of the global value in 2024. This dominance is attributed to the region’s mature technological infrastructure, strong investment in satellite and remote sensing capabilities, and a well-established ecosystem of data analytics firms. The United States, in particular, benefits from robust federal and state-level initiatives supporting geospatial data utilization for urban planning, economic forecasting, and disaster management. The presence of major space agencies and private satellite operators further enhances data availability and quality, enabling a wide spectrum of end-users, from government agencies to financial institutions, to leverage nighttime lights as a reliable economic indicator. Additionally, North America's advanced regulatory frameworks and public-private partnerships have fostered a climate ripe for innovation and early adoption of cutting-edge geospatial analytics solutions.

The Asia Pacific region is anticipated to be the fastest-growing market for Nighttime Lights Economic Indicators, with a projected CAGR of 18.7% from 2024 to 2033. This acceleration is driven by rapid urbanization, burgeoning smart city initiatives, and significant investments in satellite and remote sensing technologies across countries such as China, India, and Japan. Governments and urban planners in the region are increasingly leveraging nighttime lights data to address challenges related to infrastructure development, population migration, and environmental monitoring. The proliferation of low-cost satellite launches and the expansion of national space programs have democratized access to high-resolution imagery, while regional collaborations and public-private partnerships are catalyzing the integration of geospatial analytics into mainstream economic planning. Furthermore, the Asia Pacific’s growing research community and technology startups are contributing to the development of innovative applications, further propelling market growth.

Emerging economies in Latin America, the Middle East, and Africa are gradually embracing Nighttime Lights Economic Indicators, although adoption is tempered by challenges such as limited technical expertise, data accessibility issues, and inconsistent regulatory support. Nevertheless, there is a growing recognition of the value that satellite-derived economic indicators can bring to addressing localized challenges such as informal settlements, disaster response, and resource allocation. In Africa, for instance, nighttime lights data is increasingly used to monitor electrification progress and urban expansion. Latin American countries are leveraging such indicators for disaster management and urban planning, particularly in regions prone to natural calamities. While these regions currently account for a smaller share of the global market, targeted policy reforms, international collaborations, and investments in capacity building are expected to accelerate adoption, bridging the gap between developed and developing markets.

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