Forecasts published in December 2020 estimate that the Gross Domestic Product in Italy dropped by *** percent in 2020. Afterwards, the country's GDP might increase by **** percent in 2021.

Different estimations on Italy's GDP growth have been published since the outbreak of the coronavirus pandemic. According to data published in November 2020, Italy's GDP decreased by *** percent during 2020.

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

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.

United States GDP Nowcast: saar: YoY: Contribution: Production: Retail Inventories: sa: Total data was reported at 0.141 % in 12 May 2025. This records a decrease from the previous number of 0.141 % for 05 May 2025. United States GDP Nowcast: saar: YoY: Contribution: Production: Retail Inventories: sa: Total data is updated weekly, averaging 0.152 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 0.336 % in 09 Nov 2020 and a record low of 0.000 % in 17 Aug 2020. United States GDP Nowcast: saar: YoY: Contribution: Production: Retail Inventories: sa: Total data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

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.

United States GDP Nowcast: saar: YoY: Contribution: Energy: Petroleum Supply: Crude Oil: Imports data was reported at 2.476 % in 12 May 2025. This records an increase from the previous number of 2.468 % for 05 May 2025. United States GDP Nowcast: saar: YoY: Contribution: Energy: Petroleum Supply: Crude Oil: Imports data is updated weekly, averaging 1.426 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 3.233 % in 13 May 2019 and a record low of 0.748 % in 09 Nov 2020. United States GDP Nowcast: saar: YoY: Contribution: Energy: Petroleum Supply: Crude Oil: Imports data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, (dollars x 1,000,000), monthly, 5 most recent time periods.

Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data was reported at -3.587 % in 30 Jan 2022. This records an increase from the previous number of -7.283 % for 23 Jan 2022. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data is updated weekly, averaging -4.379 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 0.940 % in 01 Nov 2020 and a record low of -18.602 % in 10 May 2020. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low 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 Brazil – Table BR.OECD.WT: GDP Growth Tracker: Weekly.

As of November 2021, the U.S. goverment dedicated ***** percent of the GDP to soften the effects of the coronavirus pandemic. This translates to stimulus packages worth **** trillion U.S. dollars Economic impact of the Coronavirus pandemic The impact of the COVID-19 pandemic was felt throughout the whole world. Lockdowns forced many industries to close completely for many months and restrictions were put on almost all economic activity. In 2020, the worldwide GDP loss due to Covid was *** percent. The global unemployment rate rocketed to **** percent in 2020 and confidence in governments’ ability to deal with the crisis diminished significantly. Governmental response In order to stimulate the economies and bring them out of recession, many countries have decided to release so called stimulus packages. These are fiscal and monetary policies used to support the recovery process. Through application of lower taxes and interest rates, direct financial aid, or facilitated access to funding, the governments aim to boost the employment, investment, and demand. Stimulus packages Until November 2021, Japan has dedicated the largest share of the GDP to stimulus packages among the G20 countries, with ***** percent (*** trillion Yen or **** trillion U.S. dollars). While the first help package aimed at maintaining employment and securing businesses, the second and third ones focused more on structural changes and positive developments in the country in the post-pandemic future.

Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data was reported at -0.457 % in 30 Jan 2022. This records an increase from the previous number of -2.994 % for 23 Jan 2022. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data is updated weekly, averaging -1.884 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 4.309 % in 01 Nov 2020 and a record low of -13.345 % in 24 May 2020. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend 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 Brazil – Table BR.OECD.WT: GDP Growth Tracker: Weekly.

This table presents economic growth data (percentage volume changes of gross domestic product) and the contributions to economic growth by expenditure components. Gross domestic product can be calculated as the sum of final consumptions, gross capital formation and net exports. This expenditure approach allows to estimate the contribution of the various components of final expenditure to the volume change of GDP. For estimating the contribution, final expenditure components have to be adjusted for the incorporated imports. The adjusted final expenditure components sum up to GDP and are the bases of the calculation of the contribution of GDP growth. The attribution of imports to final expenditure components is performed using input-output analysis. Contributions of final expenditure to GDP are provided in percentage points of GDP growth. Data available from 2016 to 2018. Status of the figures: Data of 2016 and 2017 are final. Data of 2018 are provisional. Due to the discontinuation, the provisional figures will not become definite. Changes as of November 25th 2020: None. This table has been discontinued. When will new figures be published? Not applicable. This table has been dicontinued.

Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data was reported at 3.022 % in 30 Jan 2022. This records an increase from the previous number of 0.780 % for 23 Jan 2022. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data is updated weekly, averaging 1.240 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 8.095 % in 01 Nov 2020 and a record low of -9.286 % in 10 May 2020. Brazil GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High 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 Brazil – Table BR.OECD.WT: GDP Growth Tracker: Weekly.

In the second quarter of 2025, the quarterly gross domestic product of the United Kingdom was approximately, 649 billion British pounds, compared with around 647 billion pounds in the previous quarter. The large dip in GDP that can be seen in the second quarter of 2020 saw the UK economy fall from 604.7 billion pounds to 481.8 billion, with more usual levels of output not recovering until well into 2021. The COVID-19 lockdowns enacted by the UK government at that time was the main reason for this large fall in GDP. Growth lagging as UK heads into 2025 After ending 2023 in recession, the UK economy started 2024 with the strongest quarterly GDP growth in several years, growing by 0.7 percent in the first quarter, and then by 0.4 percent in the second quarter. Economic growth in the second half of the year was, however, far less promising, with GDP flatlining in the third quarter, and monthly GDP shrinking by 0.1 percent in September and then again in October. Although GDP is still forecast to grow in 2025, the overall economic picture is precarious. In November, UK inflation rose to 2.6 percent, compared with just 1.7 percent in September, while the labor market continues to show signs of cooling after a period of high job vacancies and low unemployment. Labour pinning hopes on long-term growth After winning its first general election in 19 years in 2024, the Labour Government has seen its approval ratings plummet in its first few months in office. This shaky start is partly due to a government strategy of making unpopular decisions early in their tenure, which they hope will eventually encourage stable economic growth in the mid to long-term. By far the least popular policy was the withdrawal of winter fuel benefits for a significant number of pensioners, a cost-cutting measure deemed necessary due to the UK's vulnerable public finance position, with government debt at around 100 percent of GDP. A further measure introduced was a national insurance tax increase for employers, with almost half of UK firms citing increased taxes as their main external concern in Q3 2024. Avoiding any further tax rises or cuts to services will depend on if policies in other areas, such as planning reform, will kickstart the UK economy in time before the next election.

Industrial Production Nowcast: sa: YoY: Contribution: GDP Nowcast: Now-Casting Surprise Index: 2 Months: United States data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Industrial Production Nowcast: sa: YoY: Contribution: GDP Nowcast: Now-Casting Surprise Index: 2 Months: United States data is updated weekly, averaging 0.000 % from Feb 2020 (Median) to 12 May 2025, with 273 observations. The data reached an all-time high of 22.016 % in 09 Nov 2020 and a record low of 0.000 % in 12 May 2025. Industrial Production Nowcast: sa: YoY: Contribution: GDP Nowcast: Now-Casting Surprise Index: 2 Months: United States data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Industrial Production.

GDP Nowcast: Australia: Current Quarter: Extended History data was reported at 1.251 % in 19 Apr 2025. This records an increase from the previous number of 1.235 % for 15 Apr 2025. GDP Nowcast: Australia: Current Quarter: Extended History data is updated daily, averaging 2.503 % from Dec 2016 (Median) to 19 Apr 2025, with 2066 observations. The data reached an all-time high of 8.217 % in 12 Sep 2021 and a record low of -5.961 % in 12 Nov 2020. GDP Nowcast: Australia: Current Quarter: Extended History data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Australia – Table AU.CEIC.GDPNC: Gross Domestic Product: Nowcast.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.30 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

South Korea GDP Nowcast: sa: YoY: Contribution: Financial Assets and Liabilities: Country Flow: Bond: % data was reported at 5.893 % in 12 May 2025. This records a decrease from the previous number of 5.915 % for 05 May 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Financial Assets and Liabilities: Country Flow: Bond: % data is updated weekly, averaging 5.562 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 10.869 % in 16 Nov 2020 and a record low of 0.049 % in 29 Jun 2020. South Korea GDP Nowcast: sa: YoY: Contribution: Financial Assets and Liabilities: Country Flow: Bond: % data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s South Korea – Table KR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Jun 2025 about savings, personal, rate, and USA.