World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.

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<li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.2% increase</strong> from 2021.</li>
<li>World GDP for 2021 was <strong>97.848 trillion US dollars</strong>, a <strong>14.09% increase</strong> from 2020.</li>
<li>World GDP for 2020 was <strong>85.763 trillion US dollars</strong>, a <strong>2.71% 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 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 three percent in 2020. However, the following year, the GDP of these countries grew by over six percent. It continued to grow in the following years, albeit at a slower pace, and is forecast to continue to do so in 2025 and 2026.For more information about the economic impact of the COVID-19 pandemic on the global economy, please check out our dedicated topic page.

The statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

GDP: GO: saar: PI: Other Services excl Gov't data was reported at 754.100 USD bn in Mar 2018. This records a decrease from the previous number of 757.900 USD bn for Dec 2017. GDP: GO: saar: PI: Other Services excl Gov't data is updated quarterly, averaging 556.800 USD bn from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 757.900 USD bn in Dec 2017 and a record low of 493.400 USD bn in Mar 2005. GDP: GO: saar: PI: Other Services excl Gov't data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A026: NIPA 2013: GDP by Industry: Gross Output: Seasonally Adjusted at Annual Rates: Current Price.

U.S. GDP for 2023 was 27.721 trillion US dollars, a 6.59% increase from 2022.

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<li>U.S. GDP for 2022 was <strong>26.007 trillion US dollars</strong>, a <strong>9.82% increase</strong> from 2021.</li>
<li>U.S. GDP for 2021 was <strong>23.681 trillion US dollars</strong>, a <strong>10.9% increase</strong> from 2020.</li>
<li>U.S. GDP for 2020 was <strong>21.354 trillion US dollars</strong>, a <strong>0.86% 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.

World gdp growth rate for 2023 was 2.83%, a 0.4% decline from 2022.

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<li>World gdp growth rate for 2022 was <strong>3.24%</strong>, a <strong>3.11% decline</strong> from 2021.</li>
<li>World gdp growth rate for 2021 was <strong>6.35%</strong>, a <strong>9.23% increase</strong> from 2020.</li>
<li>World gdp growth rate for 2020 was <strong>-2.88%</strong>, a <strong>5.55% 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.

GDP: GO: saar: Government data was reported at 3,805.800 USD bn in Mar 2018. This records an increase from the previous number of 3,770.300 USD bn for Dec 2017. GDP: GO: saar: Government data is updated quarterly, averaging 3,379.400 USD bn from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 3,805.800 USD bn in Mar 2018 and a record low of 2,590.200 USD bn in Mar 2005. GDP: GO: saar: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A148: NIPA 2013: GDP by Industry: Gross Output: Current Price: saar.

GDP: GO: saar: PI: Goods Producing Industries data was reported at 8,833.000 USD bn in Mar 2018. This records an increase from the previous number of 8,659.300 USD bn for Dec 2017. GDP: GO: saar: PI: Goods Producing Industries data is updated quarterly, averaging 7,851.900 USD bn from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 8,833.000 USD bn in Mar 2018 and a record low of 6,130.100 USD bn in Jun 2009. GDP: GO: saar: PI: Goods Producing Industries data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A026: NIPA 2013: GDP by Industry: Gross Output: Seasonally Adjusted at Annual Rates: Current Price.

GDP: 2009p: saar: Residual data was reported at -152.440 USD bn in Mar 2018. This records a decrease from the previous number of -148.871 USD bn for Dec 2017. GDP: 2009p: saar: Residual data is updated quarterly, averaging -103.100 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 5.500 USD bn in Dec 2009 and a record low of -237.500 USD bn in Mar 1999. GDP: 2009p: saar: Residual data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A004: NIPA 2013: GDP by Expenditure: saar: 2009 Price: Chain Linked. From 1999 to present, the Residual Series is the difference between the Gross Domestic Product: 2009p: saar (287909304) and the sum of the following series: 287909604; 287909704; 287909804; 287909904; 287910104; 287910204; 287910304; 287910404; 287910704; 287910804; 287910904; 287911004; 287911104; 287911204; 287911304; 287911504; 287911604; 287912004; 287912204; 287912504; 287912604; 287912704; 287912904; 287913004; 287913104; 287913204; 287758204; 287710304; 287913804; 287913904; 287914104; 287864504; 287864904; 287865004; 287865204; 287865304; 287865504; 287865604 Prior to 1999, the Residual Series is the difference between the Gross Domestic Product: 2009p: saar (287909304) and the sum of the following series: 287909304; 287911704; 287913704; 287914004; 287864604

This statistic shows the share of economic sectors in the global gross domestic product (GDP) from 2013 to 2023. In 2022, agriculture contributed 4.25 percent, industry contributed approximately 27.22 percent and services contributed about 61.76 percent to the global gross domestic product. See global GDP for comparison.

This statistic displays fossil fuel consumption subsidies as a percentage of GDP (gross domestic product) in selected countries in 2013. During that year, fossil fuel consumption subsidies in Egypt totaled 11 percent of the GDP.

The statistic displays the global gross domestic product (GDP) per capita from 2013 to 2023. 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. In 2023, global GDP per capita amounted to about 13,169.6 U.S. dollars. Gross domestic product and global economy The global economy suffered a major impact with the global financial crisis of 2008 but after a drop in global gross domestic product (GDP) per capita in 2009, the global economy recovered and reached record-high GDP per capita prices in 2013. Global GDP per capita has doubled over the past decade. Gross domestic product of industrial countries and emerging and developing countries combined is greater than GDP of all the other selected global regions combined, indicating economic prosperity and recovery despite some financial backsets. In the main industrialized and emerging countries, gross domestic product per capita is highest for the United States, followed by Germany and France. In the European Union, despite the financial crisis of 2008, GDP per capita has improved significantly. Another member of the European Union, Luxembourg, even reports the largest GDP per capita worldwide, followed by non-EU members Norway and Qatar.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

In the first quarter of 2024, the GDP of the United States was three percent higher compared to the first quarter of 2023. The gross domestic product refers to the market value of all final goods and services produced in a country within a given period. The GDP of the United States amounted to 25.46 trillion U.S. dollars in 2022. The annual GDP of the United States can be found here, the growth per quarter can be found here and the chained quarterly GDP growth can be found here.

Throughout the analyzed period of time, the Spanish GDP has been increasing steadily, with higher peaks during the second and fourth quarters every year. Spain's GDP had its highest peak during the fourth quarter of 2023, reaching nearly 385 billion euros. Due to the economic crisis derived from the global pandemic, the Spanish GDP plummeted during the first two quarters of 2020, falling to approximately 250 billion euros.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

GDP: NE: Imports: Services data was reported at 533.797 USD bn in 2017. This records an increase from the previous number of 511.562 USD bn for 2016. GDP: NE: Imports: Services data is updated yearly, averaging 19.316 USD bn from Dec 1929 (Median) to 2017, with 89 observations. The data reached an all-time high of 533.797 USD bn in 2017 and a record low of 0.419 USD bn in 1933. GDP: NE: Imports: Services data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A089: NIPA 2013: GDP by Expenditure: Current Price: Annual.

GDP: PI: sa: Implicit Price Def for Final Sales to Dom Purchasers data was reported at 114.399 2009=100 in Mar 2018. This records an increase from the previous number of 113.629 2009=100 for Dec 2017. GDP: PI: sa: Implicit Price Def for Final Sales to Dom Purchasers data is updated quarterly, averaging 51.968 2009=100 from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 114.399 2009=100 in Mar 2018 and a record low of 12.168 2009=100 in Mar 1947. GDP: PI: sa: Implicit Price Def for Final Sales to Dom Purchasers data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A019: NIPA 2013: GDP by Expenditure: Seasonally Adjusted: Price Index.

This statistic shows a forecast of the growth of the gross domestic product (GDP) in selected countries between 2013 and 2022 up to 2024. According to the forecast, the GDP in Germany will increase by *** percent in 2024, compared to the previous year.

This statistic displays public and private healthcare spending as a share of GDP in selected European countries in 2013. In this year Germany spent 2.6 percent of GDP on private healthcare and 8.4 percent of GDP on public healthcare.