The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. 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. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2030. In 2020, the estimated gross domestic product per capita in India amounted to about 1,915.55 U.S. dollars. See figures on India's economic growth here. For comparison, per capita GDP in China had reached about 6,995.25 U.S. dollars in 2013. India's economic progress India’s progress as a country over the past decade can be attributed to a global dependency on cheaper production of goods and services from developed countries around the world. India’s economy is built upon its agriculture, manufacturing and services sector, which, along with its drastic rise in population and demand for employment, led to a significant increase of the nation’s GDP per capita. Despite experiencing rather momentous economic gains since the mid 2000s, the Indian economy stagnated around 2012, with a decrease in general growth as well as the value of its currency. Residents and consumers in India have recently shown pessimism regarding the future of the Indian economy as well as their own financial situation, and with the recent economic standstill, consumer confidence in the country could potentially lower in the near future. Typical Indian exports consist of agricultural products, jewelry, chemicals and ores. Imports consist primarily of crude oil, gold and precious stones, used primarily in the manufacturing of jewelry. As a result, India has seen a rather highly increased demand of several gems in order to boost their jewelry industry and in general their exports. Although India does not export an extensive amount of goods, especially when considering the stature of the country, India has remained as one of the world’s largest exporters.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in India was reported at 6.7 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Full Year GDP Growth in India decreased to 6.50 percent in 2025 from 9.20 percent in 2024. This dataset includes a chart with historical data for India Full Year GDP Growth.

India: Economic growth forecast: The latest value from 2030 is 6.5 percent, an increase from 6.49 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for India from 1980 to 2030 is 6.07 percent. The minimum value, -5.78 percent, was reached in 2020 while the maximum of 9.69 percent was recorded in 2021.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by **** percent in 2025.

As per Cognitive Market Research's latest published report, the Global Geopolymers for Construction market size will be $39,880.92 Million by 2027. Geopolymers for Construction Industry's Compound Annual Growth Rate will be 35.81% from 2023 to 2030.

Asia Pacific Geopolymers for Construction market size will be USD 13,176.66 Million by 2027.

What is Driving Geopolymers for Construction Market?

Growing demand for Construction Industry 

Global construction industry is particularly creating the positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The construction sector is one of the largest in the world economy. Construction industry’s overall spending across the globe amounted to approximately 11.4 trillion U.S. dollars. Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. The key trend in the global construction industry is the significant growth of the construction sector in emerging markets especially in countries like India, China, Vietnam, Australia, and Indonesia.

Global construction industry gets wide range of opportunities in residential, non-residential as well as infrastructure. Major factors responsible for the growth of this market include increasing housing constructions and rising infrastructure due to increasing urbanization and the growing population. Furthermore, there are some factors which help to grow this industry such as necessity to upgrades the infrastructure in developed countries, rising trends towards smart home, development, and expected investments in renewables and telecommunications. Moreover, industrialized construction has been increased that results in scopes to the broader AEC (Architecture, Engineering and Construction) community.

Geopolymer cement is used as binding system that hardens at room temperature. This material is thus widely used in civil infrastructural applications. It can be an ideal alternative choice for conventional cement as its production is highly energy intensive. After analyzing overall market scenario, construction industry shows the major initiative in economic growth globally. The inclusion of sodium silicate in sodium hydroxide solution provides higher silicate content and due to which the gel formation is likely to provide faster polymerization. All these things go in favor of geopolymers market growth. Hence, increasing construction industry in every region is one of the major driving factors for the global geopolymers market.

Restraints for Geopolymers for Construction Market

Inconsistent, high raw material prices and insufficient supply chain.(Access Detailed Analysis in the Full Report Version)

Opportunities for Geopolymers for Construction Market

Increasing Industrialization in developing countries.(Access Detailed Analysis in the Full Report Version)

Definition of Geopolymers for Construction

Geopolymers are the inorganic polymer composites used in replacement of conventional cement or concrete material required in construction industry. The geopolymers are eco-friendly, sustainable materials, which reduces the CO2 emission or carbon footprints by using industrial solid waste materials such as fly ash, blast furnace slag as a binding material. Geopolymer concrete materials produced by the chemical reaction of aluminosilicate materials, that includes alumina and silica reacts with alkaline solutions to produce aluminosilicate gel used as a binding material in construction industry. They are synthesized by the polycondensation reaction of raw materials and alkali polyciliate.

Wide range of applications of geopolymer used in construction includes fire and heat-resistant coatings and adhesives, medicinal applications, high temperature ceramics, new binding material for fire-resistant composite, toxic and radio-active waste encapsulation. The use of geopolymer is in various industries and material science such as in colloidal chemistry, mineralogy, engineering process technologies. The geopolymers are temperature and corrosion resistant, durable.

The market of global geopolymer is rapidly growing at a faster rate due to higher demand of geopolymer than conventional polymer in the construction industry. These polymers provide sustainable solution, which is cost-effective and in higher-demand for the concrete activities, because it reduces the environme...

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Lead Oxide Market Size 2023-2027

The global lead oxide market size is estimated to grow by 1,022.97 th tons at a CAGR of 7.81% between 2022 and 2027. The growth of the market hinges on several pivotal factors, notably the escalating demand from developing countries where industrialization and urbanization spur increased consumption. Furthermore, the thriving automobile industry drives demand for lead oxide, particularly in the production of lead-acid batteries essential for vehicle operation. This surge in demand reflects the market's response to the global shift towards electric vehicles and sustainable energy solutions. As developing economies witness rapid growth and infrastructure development, the need for reliable energy storage solutions intensifies, further bolstering the demand. With the automobile sector at the forefront of this demand surge, the market anticipates sustained growth in the foreseeable future, underpinned by the expanding footprint of the automotive industry and the increasing adoption of lead-acid batteries.

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Market Dynamics

The market is influenced by factors such as the Herfindahl–Hirschman index and GDP growth projection, impacting exporting countries and their lead-based industries. With the rise of electric vehicles and increasing battery production, demand for lead oxide, a key component in lead acid battery manufacturing, experiences a significant surge. Lead oxide finds extensive applications in various sectors, including fireworks manufacturing and battery house operations. Companies like Campine and PENOX GmbH adhere to ISO standards in lead oxide production, ensuring quality and reliability. The market's trajectory is shaped by influencing trend like the adoption of lead oxide in electric vehicle batteries and its role in sustainable energy storage solutions. As a compound of lead, it exists in multiple forms such as litharge, red lead, and lead suboxide, catering to diverse industrial requirements. With a study period spanning over years, the market reflects continuous innovation and adaptation to meet evolving demands across various applications such as oxygen (O), and massicot. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The developing economies of the world, including China, India, Brazil, Mexico, the Philippines, and Indonesia, are expected to drive the growth of the market. Due to factors such as low transportation costs, availability of land, cheap labor, raw materials, and less stringent government regulations, many OEMs of lead oxide are shifting their manufacturing activities to these countries. The increasing population, high disposable income, and growing purchasing power in APAC and Latin America are promoting incremental investment rates in automobiles and other manufacturing activities. Specifically, the increase in GDP of developing countries in APAC and Latin America is expected to drive the manufacturing industries in these regions, fostering the growth of the market.

However, the COVID-19 outbreak led to economic disruptions in many developing countries in 2020, with governments implementing lockdowns that caused the shutdown of manufacturing plants and supply chain disruption. India and China, the manufacturing hubs in APAC, were adversely affected. Nevertheless, with the lifting of lockdowns in May 2020 and the introduction of vaccines for COVID-19, the market is expected to reach pre-pandemic levels by the end of 2021, and the demand from developing countries is expected to increase post the pandemic.

Major Market Challenge

Stringent regulations and policies are a major restraint in the market. The growing health concerns related to lead oxide manufacturing are expected to hinder the market. The constant push from regulatory agencies such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) on environmental and sustainability issues is expected to impede market growth. When inhaled, the lead oxide can cause irritation to the lungs. In cases of accidental dosage, one might experience chest pain, metallic taste, and abdominal aches. When ingested, it will dissolve in gastric acid and result in lead poisoning with symptoms such as irritability, agitation, hypertension, vision disorders, and others. In the US, Title IV of the Toxic Substances Control Act (TSCA) and Residential Lead-Based Paint Hazard Reduction Act provides rules for the regulation of lead-based paint hazards.

Further, the EPA also has imposed strict guidelines pertaining to the recycling of lead-acid batteries. The

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

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India Automotive Market Size 2025-2029

The India automotive market size is forecast to increase by USD 60.6 billion, at a CAGR of 7.9% between 2024 and 2029.

The India Automotive Market is segmented by type (Two-wheelers, Passenger Cars, Commercial Vehicles, Three-wheelers), fuel type (Diesel, Petrol, CNG and LPG, Electric), distribution channel (Offline, Online), sales channel (OEM, Aftermarket), consumer segment (Individual, Fleet), and geography (APAC: India). This segmentation reflects the market's diversity, driven by strong demand for Two-wheelers and Electric vehicles among Individual consumers, growing Online distribution for Passenger Cars, and robust Offline OEM sales for Commercial Vehicles and Fleet buyers, supported by the increasing adoption of CNG and LPG options to meet India's evolving mobility needs across the APAC region.
The Indian automotive market is experiencing significant growth, driven primarily by the expanding middle-class population and their increasing demand for personal mobility solutions. This demographic shift is fueling the market's expansion, as more consumers seek to purchase vehicles for personal use. A notable trend emerging in the market is the rising preference for electric vehicles (EVs), as the government pushes for a shift towards sustainable transportation. This trend is further propelled by the falling costs of EV technology and the growing awareness of environmental concerns. However, the market is not without its challenges. Intensifying competition among companies is one such obstacle, as companies strive to differentiate themselves and capture market share.
Additionally, the infrastructure required to support the growing adoption of EVs, such as charging stations and battery swapping facilities, remains underdeveloped. Addressing these challenges will require strategic investments and collaborations between industry players and the government to ensure the sustainable growth of the market. Companies that successfully navigate these challenges and cater to the evolving needs of the Indian consumer stand to gain significant market share and establish a strong presence in this dynamic market.

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The Indian automotive market is characterized by a dynamic interplay of technological innovation, customer preferences, tax incentives, and various regulatory frameworks. Technological advancements have led to the production of more reliable and fuel-efficient vehicles, aligning with evolving consumer demands. However, spare parts availability and affordability remain critical concerns for customers. Environmental impact is increasingly shaping market trends, with emission regulations driving the adoption of cleaner technologies. Distribution channels are expanding, with a growing emphasis on digital platforms and e-commerce. Brand loyalty, talent acquisition, and skills development are crucial for companies seeking to stay competitive. Government regulations, including safety and economic growth initiatives, influence production capacity and pricing strategies.
Industry collaboration and infrastructure development are essential for addressing supply chain disruptions and maintaining industry standards. Circular economy principles and innovation ecosystems are gaining traction, with a focus on reducing the carbon footprint and promoting sustainable practices. Marketing and sales strategies are evolving to cater to changing consumer behavior, while demand forecasting and resale value remain essential considerations. Maintenance costs and engine performance are key factors influencing customer satisfaction. Emission norms and fuel economy regulations continue to shape the competitive landscape, with companies investing in research and development to meet these challenges. In summary, the Indian automotive market is a complex ecosystem, shaped by technological innovation, customer preferences, regulatory frameworks, and global value chains.
Companies must navigate these dynamics to remain competitive and thrive in this evolving landscape.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Two-wheelers
  Passenger cars
  Commercial vehicles
  Three-wheelers


Fuel Type

  Diesel
  Petrol
  CNG and LPG
  Electric


Distribution Channel

  Offline
  Online


Sales Channel

  OEM
  Aftermarket


Consumer Segment

  Individual
  Fleet


Geography

  APAC

    India

By Type Insights

The two-wheelers segment is estimated to wit

The statistic shows the growth in real GDP in Brazil from between 2020 and 2024, with projections up until 2030. In 2024, Brazil’s real gross domestic product increased by 3.4 percent compared to the previous year.Brazilian growth and civic unrestGDP is a reliable tool used to indicate the shape of a national economy. It is one of the most well-known and well-understood measurements of the state of a country. Gross domestic product, or GDP, is the total market value of all final services and goods that have been produced in a country within a given period of time, usually a year.Brazil has undergone a huge economic transformation in the course of the last decade and is now one of the fastest growing economies on the planet. It belongs to the BRIC club of countries, an acronym that refers to the countries Brazil, Russia, India and China, a group of countries which are considered to be at a relatively similar stage of new and advancing economic development. Economic reforms in Brazil have given the country a boost on the international stage, which has helped it to gain significantly in recognition and influence around the world.The domestic product growth rate in Brazil is progressing throughout the years. After a minor blip in 2009, when a short recession saw the rate of growth moving slightly backwards, the economy has picked itself up and fought back with an increase of an impressive 7.53 percent in 2010. Despite the rapid growth and the perceived increase in Brazilian domestic prosperity, the gap between rich and poor remains distinct. The lower class manifested themselves in the numerous protests that erupted across the South American state in the summer of 2013. For days, hundreds of thousands of Brazilians took to the streets to protest the increase of public transport fares, but the demonstrations evolved into a more general protest against increasing social inequalities among the Brazilian population, despite increased prosperity.

The statistic shows gross domestic product (GDP) in Brazil from 1987 to 2024, with projections up until 2030. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2024, Brazil's gross domestic product amounted to around 2.17 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and China, Brazil was ranked third that year. Brazil's national finances Brazil is one of the fastest growing economies in the world and the largest amongst all Latin American countries. Brazil is also a member of multiple economic organizations such as the G20 as well as one of the four countries in the BRIC economies, which consist of Brazil, Russia, India and China. Despite having one of the lower populations out of the four countries, Brazil maintained a relatively stable dollar value of all goods and services produced within the country in comparison to India, for example. This indicates that unemployment is low and in general business demand within the country has become relatively high. Spending within the country has been relatively high, however is considered to be normal, especially for developing countries. It is expected that developing economies have a budget deficit of roughly 3 percent, primarily because spending is needed in order to fuel an economy at most times. However, most Brazilians still have faith in their country’s economic future and still believe that their own personal financial situation will improve along with the country’s economic position in the world.

The growth of the real gross domestic product (GDP) in Bangladesh amounted to about 4.22 percent in 2024. From 1981 to 2024, the growth rose by approximately 0.42 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 2.40 percentage points, showing an overall upward trend with periodic ups and downs.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.

In the financial year 2022, the fantasy sports market made a substantial contribution to the sports economy in India, amounting to ** billion Indian rupees. The primary sources of this contribution were marketing, sponsorship, and partnerships. Looking ahead, it was estimated that the contributions will more than double by the year 2027.

In 2023, India's FMCG market size was *** billion U.S. dollars, a significant increase from the previous year. The FMCG market was estimated to reach over *** billion dollars in 2027. Rural FMCG market as a growth factor The fast moving consumer goods market is the fourth largest sector in the Indian economy. The country’s FMCG market consisted of food and beverages, household and personal care, and healthcare. Household and personal care amounted to ** percent of the shares. Although rural and urban areas shared the market almost equally, the former drives the market in terms of growth rate. Online FMCG market The online FMCG market size in the e-commerce sector was estimated to be over ** billion U.S. dollars in 2023. The country’s e-commerce market is one of the fastest-growing in the world. When India announced its first nationwide lockdown in the face of the coronavirus pandemic in March 2020, online shopping turned into a more relevant alternative for offline FMCG purchases.

Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

Pakistan’s gross domestic product (GDP) growth was 5.77 percent in 2021 after adjusting for inflation.

GDP in developing nations

Gross domestic product measures value of all final goods and services produced within a country’s borders during a certain period of time. In developing countries, GDP should rise more quickly due to “catch-up growth”. In many developing nations, employment is shifted from agriculture to the services sector; simply shifting workers from one sector to more productive sectors increases the income of both the workers and their employers, increasing GDP. This raises GDP per capita (383750), which gives a general idea of the level of development.

International setting

Due to historic tensions, Pakistan neither imports nor exports a significant amount from its neighbor India, favoring China instead. Its other neighbors, Afghanistan and Iran, are not as economically stable at the moment. Pakistan's own GDP is also not in the best shape and is expected to drop during 2019, however, Pakistan stands to benefit from China’s Belt and Road Initiative, which would revive the trading routes that made Pakistan wealthy in past centuries. If this comes to fruition, the GDP for Pakistan is sure to increase.

The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.