Gross Domestic Product (GDP) is a widely used economic indicator that measures the monetary value of all goods and services produced within a country's borders over a specific period of time. GDP is an important measure of a country's economic performance and is used by policymakers, investors, and businesses to assess the economic health of a country and to make decisions based on this information.

The GDP per country dataset provides a comprehensive overview of the GDP of each country. The dataset includes information on GDP, GDP per capita, and GDP growth rates, covering all countries in the world. It is compiled from various sources, including national statistical agencies, international organizations such as the World Bank and the International Monetary Fund (IMF), and other relevant data sources.

The GDP per country dataset can be used by researchers, policymakers, and the general public to gain insight into the economic performance of different countries and regions, and to compare the relative economic strength of countries across the world. It can also be used to monitor changes in economic growth over time and to evaluate the effectiveness of economic policies and strategies.

Overall, the GDP per country dataset is an important resource for understanding the economic landscape of the world and for developing informed economic policies and strategies that promote sustainable economic growth and development.

GDP (Gross Domestic Product) estimates are a measure of a country's economic output and activity over a specified period of time, usually a quarter or a year. These estimates take into account the value of all goods and services produced within a country's borders, including consumption, investment, government spending, and net exports. GDP estimates are important indicators of a country's economic health and can be used to inform economic policies and decision-making. They are usually released by government agencies or central banks on a regular basis and are closely monitored by economists, investors, and policymakers.

Algeria Gross Domestic Product (GDP): Uses data was reported at 24,563,127.600 DZD mn in 2022. This records an increase from the previous number of 18,846,236.100 DZD mn for 2021. Algeria Gross Domestic Product (GDP): Uses data is updated yearly, averaging 296,551.400 DZD mn from Dec 1950 (Median) to 2022, with 73 observations. The data reached an all-time high of 24,563,127.600 DZD mn in 2022 and a record low of 4,500.000 DZD mn in 1950. Algeria Gross Domestic Product (GDP): Uses data remains active status in CEIC and is reported by National Office of Statistics. The data is categorized under Global Database’s Algeria – Table DZ.A010: SNA 1993: GDP: by Expenditure.

In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

GDP per capita (current US$) is an economic indicator that measures the average economic output per person in a country. It is calculated by dividing the total Gross Domestic Product (GDP) of a country by its population, both measured in current US dollars. GDP per capita provides a useful metric for comparing the economic well-being and living standards between different countries.

There are various sources where you can find GDP per capita data, including international organizations, government agencies, and financial institutions. Some prominent sources for GDP per capita data include:

1. World Bank: The World Bank provides comprehensive data on GDP per capita for countries around the world. They maintain the World Development Indicators (WDI) database, which includes GDP per capita figures for different years.

2. International Monetary Fund (IMF): The IMF also offers GDP per capita data through their World Economic Outlook (WEO) database. It provides economic indicators and forecasts, including GDP per capita figures for various countries.

3. National Statistical Agencies: Many countries have their own national statistical agencies that publish GDP per capita data. These agencies collect and analyze economic data, including GDP and population figures, to calculate GDP per capita.

4. Central Banks: In some cases, central banks may also provide GDP per capita data for their respective countries. They often publish economic indicators and reports that include GDP per capita figures.

When using GDP per capita data, it's important to note that it represents an average measure and does not necessarily reflect the distribution of wealth within a country. Additionally, GDP per capita figures are often adjusted for inflation to provide real GDP per capita, which accounts for changes in the purchasing power of money over time.

To access the most up-to-date and accurate GDP per capita data, it is recommended to refer to reputable sources mentioned above or consult the official websites of international organizations, government agencies, or central banks that specialize in economic data and analysis.

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.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2025. For 2026, the IMF expects a GDP growth rate of around 4.2 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

Public Sector: % of GDP: Uses: Internal Interest Rate data was reported at 5.417 % in Apr 2019. This records a decrease from the previous number of 7.286 % for Mar 2019. Public Sector: % of GDP: Uses: Internal Interest Rate data is updated monthly, averaging 5.265 % from Dec 2001 (Median) to Apr 2019, with 209 observations. The data reached an all-time high of 13.356 % in Sep 2015 and a record low of -1.040 % in Mar 2016. Public Sector: % of GDP: Uses: Internal Interest Rate data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA013: Public Sector: Uses and Sources: % of Nominal GDP.

Context

The dataset includes sectors that play an essential role in the Pakistani economy. Economic conditions are deteriorating as FY 2022 (July 2021-June 2022) draws close. Rising commodity prices and a large fiscal deficit have inflated the import bill, putting the country on the verge of a balance of payments crisis. The currency has sunk to an all-time low, while international reserves have dwindled to barely two months' import cover.

Content

This dataset contain columns:'Year', ' Crops ', 'Livestock', 'Forestry', ' Fishing', 'total Agricultural sectors', ' Mining and Quarrying, ' Manufacturing ', ' Large Scale', 'Small Scale', 'Slaughtering', 'Electricity generation & distribution and Gas distribution, , , , 'Construction', ' total Industrial Sectors ', 'Wholesale & Retail trade', 'Transport, Storage & Communication, 'Finance & Insurance', 'Housing Services ', 'General Government Services', 'Other Services, , 'total Services Sector ', 'GDP', 'Per Capita', 'Growth rate'

Acknowledgement

You can download, copy and share this dataset for analysis and can easily find Contributions of various sectors to Pakistan's GDP by data we can predict better and can analyze our community problems and solve them.

In 2025, the annual growth rate of the real gross domestic product (GDP) in Taiwan amounted to approximately *** percent. 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. GDP development in Taiwan The GDP of Taiwan displayed a comparatively stable development over the last decade with growth rates averaging *** percent between 2015 and 2025. This strong economic performance was mainly due to the successful development of high-tech industries, especially in the electronics sector, and the firm integration into global value chains. The industrial sector of Taiwan is still comparatively large and produces many intermediate products for the global market. Despite the island’s small size, Taiwan is among the leading exporters and has one of the highest trade surpluses in the world. GDP per capita reached around ****** U.S. dollars in 2025. Current economic development Taiwan was among few to be able to maintain strong economic growth during the global spread of the coronavirus pandemic in 2020 and 2021. At the end of 2022, the country was hit by the global economic downturn, and quarterly GDP growth dropped to **** percent in the first quarter of 2023. However, the economy rebounded quickly and returned to positive growth in the second quarter.

This map shows each county, state and region's contribution to total gross domestic product (GDP) of the United States. Purple indicates counties which are contributing far more than the "average" county contributes to the U.S. GDP overall. Green indicates counties contributing at a lower level than other counties in the U.S. in 2019. All are important contributions.GDP is the value of goods and services produced within a county. This map's layers contain 2019 Gross Domestic Product (GDP) estimates from the Bureau of Economic Analysis (BEA) for the nation, regions, states, and counties. Breakdowns by industry available, using North American Industry Classification System (NAICS) groups. Table CAGDP2, downloaded ‎February ‎2, ‎2021.https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas Null values are either due to the data being unavailable, or not shown to avoid disclosure of confidential information (in these cases, estimates are included in higher-level totals).The percentages of the next highest geography level's GDP are also available, i.e. regions have percentages for nation's GDP, states have percentages of their region's GDP, and counties have percentages of their state's GDP. If the GPD estimate is unavailable, so is the percentage. If a percentage of state is listed as 0.0 but there is a value for GDP, then this value is <0.1, which rounds to zero. Percentages may not add up to 100 due to rounding and null values.Combined Counties:Kalawao County, Hawaii is combined with Maui County. Separate estimates for the jurisdictions making up the combination areas are not available.Virginia combination areas consist of one or two independent cities with populations of less than 100,000, combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination areas are not available.Boundaries used to create regions and combination areas:Boundaries for this layer were created using the Merge and Dissolve geoprocessing tools in ArcGIS Pro using regional and county combination areas for Hawaii and Virginia as definitions from BEA.Starting boundaries came from the 2019 US Census TIGER geodatabases. These are Census boundaries with water and/or coastlines clipped for cartographic purposes. For state and county boundaries, the water and coastlines are derived from the coastlines of the 500k TIGER Cartographic Boundary Shapefiles.

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.

This statistic shows the growth of the real gross domestic product (GDP) in Spain 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. Spain's real GDP growth in 2043 was about 3.15 percent compared to the previous year. Spain's recovering economy Spain maintains a relatively important role as a member of the European Union as well as the World Trade Organization. Spain’s economy has been recognized as one of the most paramount in the world, however has been bogged down by multiple crisis’s over the past several years. Economical disasters such as the global financial crisis of 2008 and the euro debt crisis left the Spanish economy with long-term obstacles that the Spanish government has yet to overcome. One of the nation’s main economic struggles resides in unemployment, which was not only considerably high to start the decade but continued to grow to precarious volumes, most notably since 2008. Despite similar economical conflicts in neighboring countries, Spain suffers from one of the highest unemployment rates in Europe, only surpassed by Greece. The Spanish economy prospers from a low import-high export method which was initially implemented after the global financial crisis in order to help the country become more profitable. The country’s exports reached pre-crisis levels and saw continuous growth over the years, to the point that Spain became one of the world’s top exporters. Despite the economic slump due to the crisis, Spain now seems to recover slowly and forecasts are rather optimistic, in 2014, Spain was even among the countries with the largest GDP worldwide.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

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.

this graph was created in PowerBi,Tableau:

https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F16731800%2F737a07699937f3f4f6e0e17d4f2598e6%2Fgraph1.png?generation=1723588644819430&alt=media" alt="">

https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F16731800%2F697d8155630e86be0a93e63a457e3c42%2Fgraph2.jpg?generation=1723588659327422&alt=media" alt=""> Real GDP and Its Applications in Cross-Country Economic Analysis Real GDP, a fundamental economic indicator, plays a crucial role in comparing economic performance and living standards across countries. By using national-accounts growth rates, researchers can derive insights into output-based growth rates and assess economic conditions on a global scale. This text delves into various aspects of Real GDP, focusing on its applications for comparative studies and growth regressions, and explores different measures used to evaluate living standards and productive capacity.

Real GDP Measures for Comparative Analysis CGDPe (Expenditure-Side Real GDP at Current PPPs)

CGDPe represents the expenditure-side real GDP calculated at current Purchasing Power Parities (PPPs). This measure is pivotal for comparing relative living standards across countries at a specific point in time. By assessing CGDPe, researchers can evaluate how different nations fare in terms of the goods and services they can afford, adjusting for differences in price levels across countries. This variable serves as a dependent variable in cross-country growth regressions where the focus is on understanding relative living standards.

CGDPo (Output-Side Real GDP at Current PPPs)

In contrast to CGDPe, CGDPo measures the output-side real GDP at current PPPs. This variable is crucial for comparing the productive capacity of countries at a single point in time. By examining CGDPo, researchers can gauge the overall economic output and productivity of nations, providing insights into their capacity to produce goods and services.

RGDPe (Expenditure-Side Real GDP at Chained PPPs)

RGDPe is the expenditure-side real GDP measured at chained PPPs, allowing for comparisons of relative living standards both across countries and over time. This measure adjusts for inflation and changes in price levels, providing a more accurate comparison of living standards. For instance, it enables analysts to compare the living standards of China today with those of the US at a historical point in the past.

RGDPo (Output-Side Real GDP at Chained PPPs)

Similar to RGDPe, RGDPo represents the output-side real GDP at chained PPPs. This measure is used to compare the productive capacity of countries across different time periods. By analyzing RGDPo, researchers can evaluate how the productive capacity of China today compares with that of the US at an earlier point in time.

Analytical Concepts: Development and Growth Accounting Development Accounting (DA)

Development accounting focuses on understanding the sources of differences in living standards at a given point in time. It seeks to answer questions such as whether the US is wealthier due to more inputs (e.g., labor and capital), higher productivity, or a combination of both. This approach helps identify the key factors contributing to economic disparities between countries and provides insights into how different economies achieve their respective standards of living.

Growth Accounting (GA)

Growth accounting, on the other hand, examines the sources of economic growth over time. This analytical framework assesses the contributions of various factors, including increases in inputs and improvements in productivity, to overall economic growth. By analyzing growth accounting data, researchers can understand how different countries experience economic growth and the role that various factors play in shaping their economic trajectories.

Notes on Real GDP Variables It is important to note that Real GDP variables are typically expressed in millions of US dollars rather than on a per-capita basis. To convert GDP into per-capita terms, a population variable (acronym pop) is used in relevant queries. This conversion allows for a more nuanced analysis of economic performance, adjusting for population size and providing a clearer picture of individual living standards.

In summary, Real GDP and its various measures, including CGDPe, CGDPo, RGDPe, and RGDPo, are essential tools for comparing economic performance, living standards, and productive capacity across countries. By incorporating development and growth accounting methods, researchers can gain valuable insights into the sources of economic differences and growth trends, ultimately contributing to a deeper understanding of global economic dynamics.

This map shows each county, state and region's contribution to total gross domestic product (GDP) of the United States. Purple indicates counties which are contributing far more than the "average" county contributes to the U.S. GDP overall. Green indicates counties contributing at a lower level than other counties in the U.S. in 2019. All are important contributions.GDP is the value of goods and services produced within a county. This map's layers contain 2019 Gross Domestic Product (GDP) estimates from the Bureau of Economic Analysis (BEA) for the nation, regions, states, and counties. Breakdowns by industry available, using North American Industry Classification System (NAICS) groups. Table CAGDP2, downloaded ‎February ‎2, ‎2021.https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas Null values are either due to the data being unavailable, or not shown to avoid disclosure of confidential information (in these cases, estimates are included in higher-level totals).The percentages of the next highest geography level's GDP are also available, i.e. regions have percentages for nation's GDP, states have percentages of their region's GDP, and counties have percentages of their state's GDP. If the GPD estimate is unavailable, so is the percentage. If a percentage of state is listed as 0.0 but there is a value for GDP, then this value is <0.1, which rounds to zero. Percentages may not add up to 100 due to rounding and null values.Combined Counties:Kalawao County, Hawaii is combined with Maui County. Separate estimates for the jurisdictions making up the combination areas are not available.Virginia combination areas consist of one or two independent cities with populations of less than 100,000, combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination areas are not available.Boundaries used to create regions and combination areas:Boundaries for this layer were created using the Merge and Dissolve geoprocessing tools in ArcGIS Pro using regional and county combination areas for Hawaii and Virginia as definitions from BEA.Starting boundaries came from the 2019 US Census TIGER geodatabases. These are Census boundaries with water and/or coastlines clipped for cartographic purposes. For state and county boundaries, the water and coastlines are derived from the coastlines of the 500k TIGER Cartographic Boundary Shapefiles.

Annual gross domestic product (GDP) growth rates slowed in 2023 as the effects of the high inflation rates hit the global economy, even being negative in Germany. In Eastern Europe, the GDP grew by less than *** percent. What is GDP? GDP is an important indicator to measure the economic strength of a country. It is the sum of all the consumption, investment, government expenditures, and net exports in a country. For this reason, consumer confidence can give an idea of future GDP growth. Similarly, stock exchanges such as the S&P 500 index can give an idea of the investment trends in an economy. Government spending tends to be more constant, and net exports are generally a smaller component of overall GDP. In fact, a negative trade balance can fuel an economy by boosting domestic consumption and investment. Not included in GDP GDP does not account for some factors. For example, existing infrastructure is not a part of the GDP calculation, though a thriving economy would be impossible without it. Nevertheless, GDP is the most widespread measure of economic performance because of its simplicity and wide scope.

Public Sector: % of GDP: Uses: Primary data was reported at -1.114 % in Apr 2019. This records a decrease from the previous number of 3.246 % for Mar 2019. Public Sector: % of GDP: Uses: Primary data is updated monthly, averaging -2.350 % from Dec 2001 (Median) to Apr 2019, with 209 observations. The data reached an all-time high of 13.784 % in Dec 2015 and a record low of -9.834 % in Apr 2006. Public Sector: % of GDP: Uses: Primary data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA013: Public Sector: Uses and Sources: % of Nominal GDP.

The statistic shows gross domestic product (GDP) in Peru from 1987 to 2024, with projections up until 2030. Gross domestic product (GDP) 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, Peru's gross domestic product amounted to around 289.07 billion U.S. dollars. Dropping mineral prices affect Peru's economy The economy of Peru is still strong and the prospect of significant future growth still remains, but overall GDP appears to be waning after a period of significant growth which took place between 2010 and 2013. The annual growth rate of Peruvian GDP was as high as 8.45 percent in 2010. Yet, the annual growth rate for 2014 was only a quarter of that, and future growth rates are expected to linger at around 4 percent. Much of this earlier growth can be attributed to the country’s mineral wealth in copper, silver, lead, zinc, oil and gold, but over the years, the price of many of these minerals has been on a decline. The price of many of these mineral resources began to decline in 2011, some decreasing significantly in price and others less so. The copper price has decreased, as has the price of lead and gold. The price of silver dropped significantly, too, and the impact of falling oil prices is being felt around the world. Zinc is the only aforementioned mineral whose price has remained stable. As the economy of Peru is directly linked to these resources and industry composes close to a 40 percent share of GDP, it is no wonder the economy of Peru has been impacted.