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.

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

In 2025, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

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

Key information about United Kingdom Real GDP Growth

• The Gross Domestic Product (GDP) in United Kingdom expanded 0.4 % YoY in Dec 2022, following a growth of 1.9 % in the previous quarter.
• Real GDP Growth YoY data in UK is updated quarterly, available from Mar 1956 to Dec 2022, with an average rate of 2.2 %.
• The data reached an all-time high of 24.4 % in Jun 2021 and a record low of -22.6 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Office for National Statistics provides Real GDP in local currency, at chain linked 2019 prices.


Related information about United Kingdom Real GDP Growth

• In the latest reports, Nominal GDP of UK reached 744.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in UK reached 46,373.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 16.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 16.7 % in Sep 2022.
• Public Consumption accounted for 20.8 % in Sep 2022.
• Private Consumption accounted for 62.9 % in Sep 2022.

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.

Historical dataset showing World gdp growth rate by year from 1961 to 2023.

Contains the GDP growth (% change) from 1980 to 2023 (predicted from 2019 and onwards) for countries around the world. The data was sourced from the International Monetary Fund (IMF), World Economic Outlook (Oct 2018), and from Focus Economics. The spatial data (polygons) were sourced from the World Countries layer by Esri.You can view and download the data here: https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLDhttps://www.focus-economics.com/blog/emerging-markets-2019-economic-outlook

In 2024, the growth of the real gross domestic product (GDP) in Sri Lanka was estimated at approximately 5.01 percent. Between 1980 and 2024, the figure dropped by around 0.84 percentage points, though the decline followed an uneven course rather than a steady trajectory.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about Saudi Arabia Real GDP Growth

• The Gross Domestic Product (GDP) in Saudi Arabia contracted 3.7 % YoY in Dec 2023, following a negative growth of 4.4 % in the previous quarter.
• Real GDP Growth YoY data in Saudi Arabia is updated quarterly, available from Mar 2011 to Dec 2023, with an average rate of 2.8 %.
• The data reached an all-time high of 14.6 % in Sep 2011 and a record low of -7.4 % in Jun 2020.

General Authority for Statistics provides quarterly Real GDP Growth at 2010 prices.


Related information about Saudi Arabia Real GDP Growth

• In the latest reports, Nominal GDP of Saudi Arabia reached 267.9 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 1.0 % in Mar 2023.
• GDP Per Capita in Saudi Arabia reached 34,441.1 USD in Dec 2022.
• Its Gross Savings Rate was measured at 37.4 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 30.7 % in Mar 2023.
• Public Consumption accounted for 22.3 % in Mar 2024.
• Private Consumption accounted for 40.3 % in Mar 2024.

Key information about Mexico Nominal GDP Growth

• Mexico Nominal GDP Growth was reported at 6.870 % in Sep 2024.
• This records an increase from the previous number of 6.215 % for Jun 2024.
• Mexico Nominal GDP Growth data is updated quarterly, averaging 8.219 % from Mar 1994 to Sep 2024, with 123 observations.
• The data reached an all-time high of 40.870 % in Mar 1996 and a record low of -17.126 % in Jun 2020.
• Mexico 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 de-annualized Nominal GDP. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency.

This dataset provides values for FULL YEAR 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 average for 2025 based on 23 countries was 2.58 percent. The highest value was in Saint Vincent and the Grenadines: 4.7 percent and the lowest value was in Haiti: -1 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

Historical dataset showing North America gdp growth rate by year from 1961 to 2023.

Historical dataset showing East Asia & Pacific gdp growth rate by year from 1961 to 2023.

In 2023, the United States had a real gross domestic product of about 23.3 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Real GDP in the U.S. The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth. The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.

United States US: GDP: Growth: Gross Value Added: Services data was reported at 2.621 % in 2015. This records an increase from the previous number of 2.221 % for 2014. United States US: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.335 % from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 4.456 % in 1999 and a record low of -1.772 % in 2009. United States US: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Uruguay Real GDP Growth

• The Gross Domestic Product (GDP) in Uruguay expanded 1.2 % YoY in Mar 2023, following a negative growth of 0.1 % in the previous quarter.
• Real GDP Growth YoY data in Uruguay is updated quarterly, available from Mar 1998 to Mar 2023, with an average rate of 3.3 %.
• The data reached an all-time high of 11.3 % in Jun 2021 and a record low of -13.6 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP Index. The Central Bank of Uruguay provides Real GDP Index based on SNA 2008, at 2016 prices. Real GDP Growth prior to Q1 2017 is calculated from Real GDP based on SNA 1993, at 2005 prices.


Related information about Uruguay Real GDP Growth

• In the latest reports, Nominal GDP of Uruguay reached 19.2 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.1 % in Mar 2023.
• GDP Per Capita in Uruguay reached 15,471.9 USD in Dec 2020.
• Its Gross Savings Rate was measured at 17.1 % in Dec 2016.
• For Nominal GDP contributions, Investment accounted for 15.2 % in Mar 2023.
• Public Consumption accounted for 16.7 % in Mar 2023.
• Private Consumption accounted for 59.8 % in Dec 2022.

Historical dataset showing Cayman Islands gdp growth rate by year from 2007 to 2023.