Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus *** percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus *** percent. Only China experienced a positive GDP growth rate of *** percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from *** percent (Japan) to over **** percent (India).

The real gross domestic product growth in Morocco in April 2021 following the COVID-19 pandemic was *** percent. This was the leading growth rate for the Middle East and North African region in 2021. Oman had the highest expected real GDP growth rate for 2022 at *** percent.

The Gross Domestic Product (GDP) in the United States expanded 3 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

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.

Key information about Lebanon Real GDP Growth

• The Gross Domestic Product (GDP) in Lebanon expanded 2.0 % YoY in Dec 2021, following a negative growth of 24.6 % in the previous year.
• Real GDP Growth YoY data in Lebanon is updated yearly, available from Dec 2012 to Dec 2021, with an average rate of 1.2 %.
• The data reached an all-time high of 3.8 % in Dec 2013 and a record low of -24.6 % in Dec 2020.

Related information about Lebanon Real GDP Growth

• In the latest reports, Nominal GDP of Lebanon reached 63.5 USD bn in Dec 2020.
• Its GDP deflator (implicit price deflator) increased 148.4 % in Dec 2021.
• GDP Per Capita in Lebanon reached 9,300.8 USD in Dec 2020.
• Its Gross Savings Rate was measured at -25.5 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 21.8 % in Dec 2021.
• Public Consumption accounted for 6.8 % in Dec 2021.
• Private Consumption accounted for 118.8 % in Dec 2021.

The Gross Domestic Product (GDP) in Egypt expanded 9.80 percent in the third quarter of 2021 over the previous quarter. This dataset provides - Egypt GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical dataset showing Isle of Man gdp growth rate by year from 1985 to 2021.

Key information about Laos Real GDP Growth

• The Gross Domestic Product (GDP) in Laos expanded 3.5 % YoY in Dec 2021, following a growth of 3.3 % in the previous year.
• Real GDP Growth YoY data in Laos is updated yearly, available from Dec 2003 to Dec 2021, with an average rate of 7.2 %.
• The data reached an all-time high of 9.3 % in Dec 2007 and a record low of 3.3 % in Dec 2020.

CEIC calculates Real GDP Growth from annual Real GDP. Lao Statistics Bureau provides Real GDP in local currency, at 2012 prices. Real GDP Growth prior to 2013 is calculated from Real GDP at 2002 prices.


Related information about Laos Real GDP Growth

• In the latest reports, Nominal GDP of Laos reached 19.1 USD bn in Dec 2021.
• Its GDP deflator (implicit price deflator) increased 3.6 % in Dec 2021.
• GDP Per Capita in Laos reached 2,595.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 18.4 % in Dec 2016.
• For Nominal GDP contributions, Investment accounted for 29.0 % in Dec 2016.
• Public Consumption accounted for 14.0 % in Dec 2016.
• Private Consumption accounted for 64.4 % in Dec 2016.

Key information about Italy Real GDP Growth

• The Gross Domestic Product (GDP) in Italy expanded 1.4 % YoY in Dec 2022, following a growth of 2.8 % in the previous quarter.
• Real GDP Growth YoY data in Italy is updated quarterly, available from Mar 1982 to Dec 2022, with an average rate of 1.4 %.
• The data reached an all-time high of 17.4 % in Jun 2021 and a record low of -18.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Italian National Institute of Statistics provides Real GDP in EUR based on ESA 2010, at chain linked 2015 prices. Real GDP Growth prior to Q1 1997 is calculated from Real GDP based on ESA 1995 at chain linked 2000 prices.


Related information about Italy Real GDP Growth

• In the latest reports, Nominal GDP of Italy reached 501.3 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Dec 2022.
• GDP Per Capita in Italy reached 35,643.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.3 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.8 % in Dec 2022.
• Public Consumption accounted for 21.1 % in Dec 2022.
• Private Consumption accounted for 58.6 % in Dec 2022.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

In 2020, the forecasted economic growth in Thailand amounted to minus *** percent, this was then forecasted to increase over the following year. The economic growth throughout Southeast Asian countries was either forecasted to decrease or increase by less than *** percent in 2020. The stunted economic growth can be attributed to the outbreak of the coronavirus, which caused the economic shutdown of many Southeast Asian markets.

The Gross Domestic Product (GDP) in Syria expanded 1.30 percent in the fourth quarter of 2021 over the same quarter of the previous year. This dataset provides - Syria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Panama Real GDP Growth

• The Gross Domestic Product (GDP) in Panama expanded 9.5 % YoY in Sep 2022, following a growth of 9.8 % in the previous quarter.
• Real GDP Growth YoY data in Panama is updated quarterly, available from Mar 2008 to Sep 2022, with an average rate of 5.5 %.
• The data reached an all-time high of 40.0 % in Jun 2021 and a record low of -38.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The National Institute of Statistics and Census provides Real GDP in local currency, at chain linked 2007 prices.


Related information about Panama Real GDP Growth

• In the latest reports, Nominal GDP of Panama reached 18.1 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 2.0 % in Sep 2022.
• Its Gross Savings Rate was measured at 34.9 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 25.5 % in Dec 2021.
• Public Consumption accounted for 15.5 % in Dec 2021.
• Private Consumption accounted for 49.5 % in Dec 2021.

Vietnam: Economic growth: the rate of change of real GDP: The latest value from 2024 is 7.09 percent, an increase from 5.07 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Vietnam from 1985 to 2024 is 6.38 percent. The minimum value, 2.55 percent, was reached in 2021 while the maximum of 9.54 percent was recorded in 1995.

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.

This dataset contains all countries GDP growth from 1960 to 2021 annually.

Among the Gulf Cooperation Council (GCC) countries, Kuwait had the highest projected real gross domestic product (GDP) growth in 2021 at about *** percent. The United Arab Emirates (UAE) had the largest expected decrease in its real GDP growth in 2020 following the COVID-19 pandemic at negative *** percent.

San Marino: Economic growth: the rate of change of real GDP: The latest value from 2022 is 7.9 percent, a decline from 13.9 percent in 2021. In comparison, the world average is 4.56 percent, based on data from 190 countries. Historically, the average for San Marino from 1998 to 2022 is 1.47 percent. The minimum value, -10.32 percent, was reached in 2009 while the maximum of 13.9 percent was recorded in 2021.

Key information about Syria Nominal GDP Growth

• Syria Nominal GDP Growth was reported at 113.698 % in Dec 2022.
• This records a decrease from the previous number of 122.321 % for Dec 2021.
• Syria Nominal GDP Growth data is updated yearly, averaging 17.446 % from Dec 1971 to 2022, with 52 observations.
• The data reached an all-time high of 122.321 % in 2021 and a record low of -7.006 % in 2012.
• Syria 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: Annual.

CEIC calculates annual Nominal GDP Growth from annual Nominal GDP. The Central Bureau of Statistics provides Nominal GDP in local currency.