In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.

Gross domestic product is the total value of all goods and services produced in a country in a year. It is considered an important indicator of the economic strength of a country. In 2024, GDP in Turkey amounted to around 1,322.41 billion U.S. dollars. Gross domestic product as a reliable indicatorGross domestic product, or GDP for short, not only shows the aforementioned value; by doing so it gives an idea of the state of a country’s economy and standard of living. The higher and more stable a country’s GDP, the better its economic situation. Since GDP is measured consistently worldwide, comparisons between countries are possible and quite reliable. Turkey’s economy on the decline? Turkey’s gross domestic product has been on a decline for the past years and is estimated to hit rock bottom in 2019, with a projected steep upturn afterwards. At the same time, inflation is set to peak at almost 17.5 percent the same year, and unemployment is on the rise. All in all, the figures do not look promising for Turkey, but at least estimations assume a quick recovery. However, this economic development is likely due to the political path the country has chosen in recent years, and it remains to be seen if the forecasts will prove true in the future or if Turkey’s economy needs to brace itself for a further downturn instead.

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.

The gross domestic product of the United Kingdom was around 2.56 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.54 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

Dominican Republic: Economic decline index, 0 (low) - 10 (high): The latest value from 2024 is 4.6 index points, unchanged from 4.6 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Dominican Republic from 2007 to 2024 is 5.28 index points. The minimum value, 4.6 index points, was reached in 2020 while the maximum of 5.9 index points was recorded in 2010.

The Gross Domestic Product (GDP) in South Korea expanded 0.60 percent in the second quarter of 2025 over the previous quarter. This dataset provides - South Korea GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Recessions are periods of economic contraction having a significant impact on various industries. Typically, a recession is characterized by a significant decline in the gross domestic product (GDP) over a time period, leading to widespread unemployment, loss of income, and reduced business activity.

Here is a dataset of the monthly GDP of the United Kingdom from 2020 to 2022. Below are all the features in the dataset:

1- Time Period: Monthly time period 2- GDP Growth: The growth rate of GDP every month

Germany: Economic decline index, 0 (low) - 10 (high): The latest value from 2024 is 1.6 index points, an increase from 1.5 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Germany from 2007 to 2024 is 2.35 index points. The minimum value, 1.3 index points, was reached in 2020 while the maximum of 3.6 index points was recorded in 2010.

Serbia RS: GDP: Growth data was reported at 1.867 % in 2017. This records a decrease from the previous number of 2.797 % for 2016. Serbia RS: GDP: Growth data is updated yearly, averaging 2.685 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 9.047 % in 2004 and a record low of -12.147 % in 1999. Serbia RS: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Serbia: Economic decline index, 0 (low) - 10 (high): The latest value from 2024 is 5.8 index points, a decline from 6.1 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Serbia from 2007 to 2024 is 6.22 index points. The minimum value, 5.7 index points, was reached in 2011 while the maximum of 6.7 index points was recorded in 2015.

Description: This dataset contains historical economic data spanning from 1871 to 2024, used in Jaouad Karfali’s research on Economic Cycle Analysis with Numerical Time Cycles. The study aims to improve economic forecasting accuracy through the 9-year cycle model, which demonstrates superior predictive capabilities compared to traditional economic indicators.

Dataset Contents: The dataset includes a comprehensive range of economic indicators used in the research, such as:

USGDP_1871-2024.csv – U.S. Gross Domestic Product (GDP) data. USCPI_cleaned.csv – U.S. Consumer Price Index (CPI), cleaned and processed. USWAGE_1871-2024.csv – U.S. average wages data. EXCHANGEGLOBAL_cleaned.csv – Global exchange rates for the U.S. dollar. EXCHANGEPOUND_cleaned.csv – U.S. dollar to British pound exchange rates. INTERESTRATE_1871-2024.csv – U.S. interest rate data. UNRATE.csv – U.S. unemployment rate statistics. POPTOTUSA647NWDB.csv – U.S. total population data. Significance of the Data: This dataset serves as a foundation for a robust economic analysis of the U.S. economy over multiple decades. It was instrumental in testing the 9-year economic cycle model, which demonstrated an 85% accuracy rate in economic forecasting when compared to traditional models such as ARIMA and VAR.

Applications:

Economic Forecasting: Predicts a 1.5% decline in GDP in 2025, followed by a gradual recovery between 2026-2034. Economic Stability Analysis: Used for comparing forecasts with estimates from institutions like the IMF and World Bank. Academic and Institutional Research: Supports studies in economic cycles and long-term forecasting. Source & Further Information: For more details on the methodology and research findings, refer to the full paper published on SSRN:

https://ssrn.com/author=7429208 https://orcid.org/0009-0002-9626-7289

• Jaouad Karfali

Consumption as percent of GDP in the USA, June, 2025 The most recent value is 68.05 percent as of Q2 2025, a decline compared to the previous value of 68.29 percent. Historically, the average for the USA from Q1 1960 to Q2 2025 is 64.16 percent. The minimum of 58.52 percent was recorded in Q1 1967, while the maximum of 69.06 percent was reached in Q1 2011. | TheGlobalEconomy.com

Economic growth, quarterly in Germany, June, 2025 The most recent value is -0.1 percent as of Q2 2025, a decline compared to the previous value of 0.3 percent. Historically, the average for Germany from Q2 1991 to Q2 2025 is 0.3 percent. The minimum of -8.9 percent was recorded in Q2 2020, while the maximum of 8.7 percent was reached in Q3 2020. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The economy of the United Kingdom shrank by 0.1 percent in May 2025, after shrinking by 0.3 percent in April 2025. As of the most recent month, the UK economy is around 4.4 percent larger than it was in February 2020, just before the start of COVID-19 lockdowns. After a record 19.6 percent decline in GDP in April 2020, the UK economy quickly returned to growth in the following months, and grew through most of 2021. Cost of living crisis lingers into 2025 As of December 2024, just over half of people in the UK reported that their cost of living was higher than it was in the previous month. Although this is a decline from the peak of the crisis in 2022 when over 90 percent of people reported a higher cost of living, households are evidently still under severe pressure. While wage growth has outpaced inflation since July 2023, overall consumer prices were 20 percent higher in late 2024 than they were in late 2021. For food and energy, which lower income households spend more on, late 2024 prices were almost 30 percent higher when compared with late 2021. According to recent estimates, living standards, as measured by changes in disposable income fell by 2.1 percent in 2022/23, but did start to grow again in 2023/24. Late 2023 recession followed by growth in 2024 In December 2023, the UK economy was approximately the same size as it was a year earlier, and struggled to achieve modest growth throughout that year. Going into 2023, a surge in energy costs, as well as high interest rates, created an unfavorable environment for UK consumers and businesses. The inflationary pressures that drove these problems did start to subside, however, with inflation falling to 3.9 percent in November 2023, down from a peak of 11.1 percent in October 2022. Although relatively strong economic growth occurred in the first half of 2024, with GDP growing by 0.7 percent, and 0.4 percent in the first two quarters of the year, zero growth was reported in the third quarter of the year. Long-term issues, such as low business investment, weak productivity growth, and regional inequality, will likely continue to hamper the economy going forward.

Real GDP (LCU) of Marshall Islands rose by 2.77% from 212,400,000 LCU in 2023 to 218,285,536 LCU in 2024. Since the 1.12% decline in 2022, real GDP (LCU) fell by 1.27% in 2024. 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. Data are in constant local currency.

Indonesia ID: Potential(GDP) Gross Domestic ProductGrowth: Volume data was reported at 4.286 % in 2025. This records a decrease from the previous number of 4.292 % for 2024. Indonesia ID: Potential(GDP) Gross Domestic ProductGrowth: Volume data is updated yearly, averaging 4.783 % from Dec 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 8.096 % in 1991 and a record low of 1.042 % in 1999. Indonesia ID: Potential(GDP) Gross Domestic ProductGrowth: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP: Potential Output and Output Gap: Forecast: Non OECD Member: Annual. GDPVTR_ANNPCT - Potential output, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Key information about Slovenia Nominal GDP Growth

• Slovenia Nominal GDP Growth was reported at 3.637 % in Dec 2024.
• This records a decrease from the previous number of 4.024 % for Sep 2024.
• Slovenia Nominal GDP Growth data is updated quarterly, averaging 7.161 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 18.890 % in Jun 2021 and a record low of -9.412 % in Jun 2020.
• Slovenia 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.

GDP growth of Spain rocketed by 17.74% from 2.7 % in 2023 to 3.2 % in 2024. Since the 7.54% drop in 2022, GDP growth sank by 49.02% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 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 Argentina expanded 5.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Argentina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.