This statistic shows the growth of the real gross domestic product (GDP) in selected world regions from 2021 to 2024. According to the forecast, the GDP in the developed economies will grow by *** percent in 2024, compared to the previous year.

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.

Key information about Greece Nominal GDP Growth

• Greece Nominal GDP Growth was reported at 5.578 % in Dec 2024.
• This records an increase from the previous number of 5.569 % for Sep 2024.
• Greece Nominal GDP Growth data is updated quarterly, averaging 5.212 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 15.494 % in Jun 2021 and a record low of -16.320 % in Jun 2020.
• Greece 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.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Hellenic Statistical Authority provides Nominal GDP in EUR.

Due to the outbreak of the coronavirus (COVID-19) in 2020, GDP growth in Romania is expected to slow down by 2.1 percent by the end of this year. The GDP forecast for 2021 was roughly the same as for 2020.

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

Key information about Russia Real GDP Growth

• The Gross Domestic Product (GDP) in Russia contracted 2.6 % YoY in Mar 2023, following a negative growth of 3.2 % in the previous quarter.
• Real GDP Growth YoY data in Russia is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 2.7 %.
• The data reached an all-time high of 12.3 % in Dec 1999 and a record low of -9.4 % in Jun 2009.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Federal State Statistics Service provides Real GDP in local currency at 2021 prices, based on SNA 2008. Real GDP Growth prior to Q1 2012 is calculated from Real GDP at 2008 prices and prior to Q1 2004 from Real GDP at 2003 prices, both based on SNA 1993.


Related information about Russia Real GDP Growth

• In the latest reports, Nominal GDP of Russia reached 494.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.7 % in Mar 2023.
• GDP Per Capita in Russia reached 15,074.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 35.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 28.9 % in Dec 2022.
• Public Consumption accounted for 17.5 % in Dec 2022.
• Private Consumption accounted for 47.3 % in Dec 2022.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

The Gross Domestic Product (GDP) in Thailand expanded 2.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: GDP: Growth: Volume: Double Hit Scenario data was reported at 0.381 % in Dec 2021. This records a decrease from the previous number of 0.566 % for Sep 2021. Japan JP: GDP: Growth: Volume: Double Hit Scenario data is updated quarterly, averaging 3.058 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 27.017 % in Sep 2020 and a record low of -33.321 % in Jun 2020. Japan JP: GDP: Growth: Volume: Double Hit Scenario 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 Japan – Table JP.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

IE: GDP: Growth: Volume: Final Consumption Expenditure: Government: Double Hit Scenario data was reported at 5.719 % in Dec 2021. This stayed constant from the previous number of 5.719 % for Sep 2021. IE: GDP: Growth: Volume: Final Consumption Expenditure: Government: Double Hit Scenario data is updated quarterly, averaging 3.461 % from Jun 1990 (Median) to Dec 2021, with 127 observations. The data reached an all-time high of 52.721 % in Mar 1996 and a record low of -22.241 % in Mar 2004. IE: GDP: Growth: Volume: Final Consumption Expenditure: Government: Double Hit Scenario 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 Ireland – Table IE.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. CGV_ANNPCT - Government final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

The Gross Domestic Product (GDP) in Colombia expanded 0.50 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

France - Real GDP growth rate was 1.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for France - Real GDP growth rate - last updated from the EUROSTAT on August of 2025. Historically, France - Real GDP growth rate reached a record high of 6.90% in December of 2021 and a record low of -7.40% in December of 2020.

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.

NO: GDP: Growth: Volume: Gross Fixed Capital Formation: Single Hit Scenario data was reported at 7.494 % in Dec 2021. This records an increase from the previous number of 5.501 % for Sep 2021. NO: GDP: Growth: Volume: Gross Fixed Capital Formation: Single Hit Scenario data is updated quarterly, averaging 5.511 % from Mar 1961 to Dec 2021, with 244 observations. The data reached an all-time high of 125.236 % in Mar 1986 and a record low of -59.476 % in Jun 2020. NO: GDP: Growth: Volume: Gross Fixed Capital Formation: Single Hit Scenario 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 Norway – Table NO.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. ITV_ANNPCT - Gross fixed capital formation, total, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Spain's economy grew by 3.4 percent year-on-year in the third quarter of 2021, easing sharply from an upwardly revised record 17.7 percent expansion in the previous three-month period but well above preliminary estimates of 2.7 percent. GDP Annual Growth Rate in Spain averaged 1.78 percent from 1996 until 2021, reaching an all time high of 17.50 percent in the second quarter of 2021 and a record low of -21.50 percent in the second quarter of 2020. This page provides the latest reported value for - Spain GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Deflator in European Union increased to 120.27 points in the first quarter of 2025 from 119.66 points in the fourth quarter of 2024. This dataset provides - European Union GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

Full Year GDP Growth in Germany decreased by 0.20 percent in 2024 from -0.30 percent in 2023. This dataset includes a chart with historical data for Germany Full Year GDP Growth.

Norway NO: GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data was reported at 5.240 % in Dec 2021. This records an increase from the previous number of 3.764 % for Sep 2021. Norway NO: GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data is updated quarterly, averaging 5.204 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 208.079 % in Jun 1978 and a record low of -52.860 % in Sep 1978. Norway NO: GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario 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 Norway – Table NO.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Italy - Real GDP growth rate was 0.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Real GDP growth rate - last updated from the EUROSTAT on August of 2025. Historically, Italy - Real GDP growth rate reached a record high of 8.90% in December of 2021 and a record low of -8.90% in December of 2020.