Forecasts published in December 2020 estimate that the Gross Domestic Product in Italy dropped by 8.9 percent in 2020. Afterwards, the country's GDP might increase by four 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 9.9 percent during 2020.

The Gross Domestic Product (GDP) in the United States contracted 0.20 percent in the first 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.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second 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.

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 UK economy shrank by 0.3 percent in April 2025 after reporting 0.2 percent growth in March. Since a huge decline in GDP in April 2020, the UK economy has gradually recovered and is now around four percent larger than it was before the COVID-19 pandemic. After the initial recovery from the pandemic, however, the UK economy has effectively flatlined, fluctuating between low growth and small contractions since January 2022. Labour banking on growth to turn around fortunes in 2025 In February 2025, just over half a year after winning the last general election, the approval rating for the new Labour government fell to a low of -48 percent. Furthermore, the Prime Minister, Keir Starmer was not only less popular than the new Conservative leader, Kemi Badenoch, but also the leader of the Reform Party, Nigel Farage, whose party have surged in opinion polls recently. This remarkable decline in popularity for the new government is, in some part, due to a deliberate policy of making tough decisions early. Arguably, the most damaging of these policies was the withdrawal of the winter fuel allowance for some pensioners, although other factors such as a controversy about gifts and donations also hurt the government. While Labour aims to restore the UK's economic and political credibility in the long term, they will certainly hope for some good economic news sooner rather than later. Economy bounces back in 2024 after ending 2023 in recession Due to two consecutive quarters of negative economic growth, in late 2023 the UK economy ended the year in recession. After not growing at all in the second quarter of 2023, UK GDP fell by 0.1 percent in the third quarter, and then by 0.3 percent in the last quarter. For the whole of 2023, the economy grew by 0.4 percent compared to 2022, and for 2024 is forecast to have grown by 1.1 percent. During the first two quarters of 2024, UK GDP grew by 0.7 percent, and 0.4 percent, with this relatively strong growth followed by zero percent growth in the third quarter of the year. Although the economy had started to grow again by the time of the 2024 general election, this was not enough to save the Conservative government at the time. Despite usually seen as the best party for handling the economy, the Conservative's economic competency was behind that of Labour on the eve of the 2024 election.

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.

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.

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.

The economy of the European Union is set to grow by *** percent in 2025, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. ***** is the country which is forecasted to grow the most in 2025, with an annual growth rate of *** percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation, with Germany, France, and Italy growing below *** percent.

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: 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.

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).

The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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).

In the first quarter of 2025, the quarterly gross domestic product of the United Kingdom was approximately, 646.8 billion British pounds, compared with around 642 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.

Turkey GDP Nowcast: swda: YoY: Contribution: Production: Manufacturing Capacity Utilization: NACE 2: Seasonally Adjusted data was reported at 21.401 % in 12 May 2025. This records a decrease from the previous number of 24.653 % for 05 May 2025. Turkey GDP Nowcast: swda: YoY: Contribution: Production: Manufacturing Capacity Utilization: NACE 2: Seasonally Adjusted data is updated weekly, averaging 28.511 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 45.353 % in 14 Feb 2022 and a record low of 0.000 % in 16 Nov 2020. Turkey GDP Nowcast: swda: YoY: Contribution: Production: Manufacturing Capacity Utilization: NACE 2: Seasonally Adjusted data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Turkey – Table TR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

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.