In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

According to a survey, over half of CEO respondents in the Asia-Pacific region doubted that global economic growth would get better in 2024. However, more CEOs in the region were optimistic about the global economy in 2024 compared to the previous year. CEOs were most positive about global economic expansion in 2022, with more than ********** of respondents expecting that global economic growth would improve.

United States GDP Growth Tracker: Yo2Y data was reported at 5.414 % in 23 Apr 2023. This records a decrease from the previous number of 5.752 % for 16 Apr 2023. United States GDP Growth Tracker: Yo2Y data is updated weekly, averaging 4.092 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 23.838 % in 03 Apr 2022 and a record low of -8.163 % in 24 May 2020. United States GDP Growth Tracker: Yo2Y 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 United States – Table US.OECD.WT: GDP Growth Tracker: Weekly.

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.

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.

The average for 2024 based on 23 countries was 2.9 percent. The highest value was in Belize: 8.15 percent and the lowest value was in Haiti: -4.17 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 11 countries was 5.66 percent. The highest value was in Guyana: 43.37 percent and the lowest value was in Ecuador: -2 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

Global similarities, global differences

Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

Key information about US Nominal GDP Growth

• United States Nominal GDP Growth was reported at 5.028 % in Dec 2024.
• This records a decrease from the previous number of 5.032 % for Sep 2024.
• US Nominal GDP Growth data is updated quarterly, averaging 6.138 % from Mar 1948 to Dec 2024, with 308 observations.
• The data reached an all-time high of 19.646 % in Mar 1951 and a record low of -6.835 % in Jun 2020.
• US 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.

The average for 2025 based on 12 countries was 2.99 percent. The highest value was in Palau: 5.74 percent and the lowest value was in Micronesia: 1.09 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

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.

Market Expansion Service Market Outlook

The global market size of the Market Expansion Services (MES) sector was valued at approximately USD 1.1 trillion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2032, reaching an estimated USD 2.1 trillion by the end of the forecast period. This robust growth can be attributed to the increasing demand for efficient market entry and expansion strategies across diverse industries, coupled with the growing globalization of businesses seeking new market opportunities.

One of the primary growth factors driving the MES market is the increasing need for companies to penetrate new markets and expand their geographical footprint. The global economy is becoming increasingly interconnected, and businesses are looking to leverage this interconnectedness by entering new international markets. MES providers offer invaluable support in this regard, providing crucial market research, marketing and sales, distribution and logistics, and after-sales services that enable companies to establish and grow their presence in new regions effectively. Additionally, the rise of digitalization has made it easier for MES providers to offer innovative solutions that streamline market entry processes.

Another significant factor contributing to the growth of the MES market is the rising demand for specialized services in industries such as healthcare, consumer goods, industrial, technology, and automotive. These industries often require tailored market expansion strategies that consider regulatory requirements, cultural nuances, and local consumer preferences. MES providers offer industry-specific expertise and customized services that help businesses navigate these complexities and achieve successful market entry and expansion. Furthermore, the increasing focus on customer-centricity and personalization has led companies to seek MES providers that can deliver localized marketing and sales efforts.

The growing trend of outsourcing non-core business functions is also a critical driver of the MES market. Companies are increasingly outsourcing market entry and expansion-related activities to MES providers to focus on their core competencies and achieve operational efficiency. By partnering with MES providers, businesses can leverage their local expertise, established networks, and comprehensive service offerings to accelerate market entry and expansion while minimizing risks and costs. This trend is particularly prevalent among small and medium enterprises (SMEs), which may lack the resources and expertise to manage market expansion independently.

From a regional perspective, Asia Pacific is expected to dominate the MES market during the forecast period, driven by the rapid economic growth, expanding middle class, and increasing urbanization in countries such as China, India, and Southeast Asian nations. North America and Europe will also experience significant growth due to the presence of established multinational corporations seeking to expand their operations further. Latin America and the Middle East & Africa regions, while currently smaller markets, are projected to show notable growth as businesses increasingly recognize the untapped potential in these regions.

Market Research Analysis

Market research is a fundamental pillar of the MES market, providing companies with the critical insights needed to make informed decisions about market entry and expansion. Market research services encompass a wide range of activities, including competitive analysis, consumer behavior studies, market sizing, and trend analysis. These services enable businesses to understand the market landscape, identify opportunities and threats, and develop strategies that align with local market conditions. The demand for market research services is rising as companies increasingly recognize the importance of data-driven decision-making in achieving successful market entry and expansion.

One of the key drivers of growth in the market research segment is the proliferation of big data and advanced analytics. The availability of vast amounts of data from various sources, including social media, e-commerce platforms, and IoT devices, has transformed the market research landscape. MES providers are leveraging big data analytics, machine learning, and artificial intelligence to provide deeper insights and more accurate market forecasts. These technological advancements enable companies

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States 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, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

The average for 2024 based on 9 countries was 3.46 percent. The highest value was in Samoa: 9.42 percent and the lowest value was in New Zealand: -0.13 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Global real gross domestic product (GDP) growth is estimated to remain around ***** percent until 2025. While the increase is expected to be only *** percent in the Euro Area in 2024, it is estimated to grow by over **** percent in emerging and developing Asia.

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.

Greece GR: GDP: Growth data was reported at 1.351 % in 2017. This records an increase from the previous number of -0.244 % for 2016. Greece GR: GDP: Growth data is updated yearly, averaging 3.073 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.150 % in 1961 and a record low of -9.132 % in 2011. Greece GR: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2022, the global economic development slowed down. After bouncing back and being on track to recover from the disruptions caused by the COVID-19 pandemic, economies worldwide started suffering again due to high inflation and disrupted supply chains. During the second quarter of 2025, the GDP growth rate in the countries included varied, with the GDP of India growing by *** percent. Meanwhile, the GDP of Germany shrank by *** percent in the second quarter of 2025.

Key information about Hong Kong SAR (China) Nominal GDP Growth

• Hong Kong SAR (China) Nominal GDP Growth was reported at 5.347 % in Dec 2024.
• This records a decrease from the previous number of 6.614 % for Sep 2024.
• Hong Kong SAR (China) Nominal GDP Growth data is updated quarterly, averaging 7.415 % from Mar 1974 to Dec 2024, with 204 observations.
• The data reached an all-time high of 36.823 % in Dec 1979 and a record low of -8.902 % in Jun 2020.
• Hong Kong SAR (China) 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.

Canada CA: GDP: Growth: Gross Capital Formation data was reported at -6.718 % in 2023. This records a decrease from the previous number of 7.250 % for 2022. Canada CA: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 3.642 % from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of 15.962 % in 1997 and a record low of -22.081 % in 1982. Canada CA: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;