The size of the five original BRICS economies in 2023 - Brazil, Russia, China, India, South Africa - is comparable to the United States and the EU-27 put together. On a PPP (purchasing power parity) basis, China ranks as the world's largest economy. India takes up the economic parity of about half the EU-27. The rise of these developing economies gave rise to questions on the role the United States plays in international trade and cross-border finance. FX reserve managers around the world expect to shift their holdings towards the Chinese yuan in the long term, as of 2023.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. dollars. The United States is projected to have the second largest GDP, at 22.9 trillion U.S. dollars.

What is gross domestic product?

Gross domestic product, or GDP, is an economic measure of a country’s production in time. It includes all goods and services produced by a country and is used by economists to determine the health of a country’s economy. However, since GDP just shows the size of an economy and is not adjusted for the country’s size, this can make direct country comparisons complicated.

The growth of the global economy

Currently, the United States has the largest GDP in the world, at 20.5 trillion U.S. dollars. China has the second largest GDP, at 13.4 trillion U.S. dollars. In the coming years, production will become faster and more global, which will help to grow the global economy.

In 2023, China's gross domestic product amounted to approximately 17.7 trillion U.S. dollars, which was the highest GDP across the Asia-Pacific region. Japan followed with a GDP of around 4.2 trillion dollars.  China, Asia-Pacific's titan The significance of the Asia-Pacific region to the world is multifaceted, ranging from geopolitical importance to being home to more than half of the world's population. Characterized by emerging countries and dynamic economic activities, the region plays a key role in the global economy. China, the most populous country after India, and the second largest economy on the planet, accounted for about half of the total gross domestic product (GDP) in APAC as of 2023. The GDP growth in China was characterized by high rates for decades. Following the COVID-19 pandemic, the country has struggled to catch up with the previous level of growth rates and was forecast to stay at more modest real GDP growth rates in the coming years.  A new paradigm of development in the Asia-Pacific region Even though the Asia-Pacific region has made significant economic improvements in the last decades, from a developmental perspective, tackling existing socio-economic issues will be critical for future growth. An aspect worth mentioning is the GDP per capita in the region. EU countries, for example, had about three times as much GDP per capita compared to East Asia and the Pacific region in 2022. China has been working towards changing its economic focus to high-tech and service sectors while reducing its concentration on agriculture.

Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

Index of economic freedom of India remained stable at 52.90 score over the last 1 years. Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and four are in Asia, alongside the U.S., Canada, and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2029. 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.

India IN: Share in World Trade: Country's Trade: expressed in USD Volume data was reported at 0.029 % in 2025. This records an increase from the previous number of 0.029 % for 2024. India IN: Share in World Trade: Country's Trade: expressed in USD Volume data is updated yearly, averaging 0.021 % from Dec 1996 (Median) to 2025, with 30 observations. The data reached an all-time high of 0.029 % in 2025 and a record low of 0.008 % in 1997. India IN: Share in World Trade: Country's Trade: expressed in USD Volume 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 India – Table IN.OECD.EO: Trade Statistics: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. SHTGSVD - Share of country's trade, volume (in USD at OECD reference year prices) in world trade OECD calculation, see OECD Economic Outlook database documentation

India GOI: Weighted Rank data was reported at 78.000 NA in 2019. This records an increase from the previous number of 48.000 NA for 2018. India GOI: Weighted Rank data is updated yearly, averaging 76.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 78.000 NA in 2019 and a record low of 48.000 NA in 2018. India GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s India – Table IN.Milken: Global Oportunity Index.

This dataset contains the World Bank Doing Business Measuring Regulatory Quality and Efficiency for the period 2004 - 2020. Data from World Bank.

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Going Beyond Efficiency finds that entrepreneurs in 123 economies saw improvements in their local regulatory framework last year. Between June 2013 and June 2014, the report, which measures 189 economies worldwide, documented 230 business reforms, with 145 reforms aimed at reducing the complexity and cost of complying with business regulation, and 85 reforms aimed at strengthening legal institutions - with Sub-Saharan Africa accounting for the largest number of such reforms. Read about business reforms. Tajikistan, Benin, Togo, Côte d’Ivoire, Senegal, Trinidad and Tobago, the Democratic Republic of Congo, Azerbaijan, Ireland and the United Arab Emirates are among the economies that improved the most in 2013/2014 in areas tracked by Doing Business. Together, these 10 top improvers implemented 40 regulatory reforms making it easier to do business. Sub-Saharan Africa accounts for 5 of the 10 top improvers in 2013/14. The region also accounts for the largest number of regulatory reforms making it easier to do business in the past year—75 of the 230 worldwide. More than 70% of its economies carried out at least one such reform. For the first time this year, Doing Business collected data for 2 cities in 11 economies with more than 100 million inhabitants. The economies are: Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan, the Russian Federation, and the United States. The added city enables a subnational comparison and benchmarking against other large cities. Differences between cities are more common in indicators measuring the steps, time and cost to complete a standardized transaction where local agencies play a larger role, finds the report. Case studies highlighting good practices in 8 of the areas measured by Doing Business indicator sets are featured in the report: the growing efficiency of company registries in starting a business; zoning and urban planning in dealing with construction permits; measuring quality of land administration in registering property; importance of registries in getting credit; going beyond related-party transactions in protecting minority investors; trends before and after the financial crisis in paying taxes; judicial efficiency supporting freedom of contract in enforcing contracts; and measuring strength of insolvency laws in resolving insolvency. See all case studies. The report this year expands the data in three of the 10 topics covered, with further plans to expand on five topics in next year’s report. The Doing Business rankings are now based on a distance to the frontier measure. Each economy from the 189 economies measured is evaluated based on how close their business regulations are to the best global practices. A higher score indicates a more efficient business environment and stronger legal institutions.

Note: In recent years, Doing Business introduced improvements to all of its indicator sets. In Doing Business 2015, getting credit and protecting minority investors broadened their existing measures. In Doing Business 2016, dealing with construction permits, getting electricity, registering property and enforcing contracts also introduced new measures of quality, and trading across borders introduced a new case scenario to increase the economic relevance. In Doing Business 2017, paying taxes introduced new measures of postfiling processes.

The statistic shows gross domestic product (GDP) in Brazil from 1987 to 2023, with projections up until 2029. 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 2022, Brazil's gross domestic product amounted to around 1.95 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.

According to Economic Freedom ranking in 2024, India's score for government integrity stood at 40.8, a significant decrease from the previous year. This put the country in the repressed range, while the overall score stood at 52.9 in the same year.

India IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at -527.750 USD mn in May 2018. This records a decrease from the previous number of -212.090 USD mn for Apr 2018. India IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated monthly, averaging 24.195 USD mn from Jan 1960 (Median) to May 2018, with 695 observations. The data reached an all-time high of 1.336 USD bn in Sep 2017 and a record low of -527.750 USD mn in May 2018. India IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.DOT: Trade Balance: by Country: Monthly.

Explore The Human Capital Report dataset for insights into Human Capital Index, Development, and World Rankings. Find data on Probability of Survival to Age 5, Expected Years of School, Harmonized Test Scores, and more.

Low income, Upper middle income, Lower middle income, High income, Human Capital Index (Lower Bound), Human Capital Index, Human Capital Index (Upper Bound), Probability of Survival to Age 5, Expected Years of School, Harmonized Test Scores, Learning-Adjusted Years of School, Fraction of Children Under 5 Not Stunted, Adult Survival Rate, Development, Human Capital, World Rankings

Afghanistan, Albania, Algeria, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Côte d'Ivoire, Cambodia, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Croatia, Cyprus, Denmark, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Eswatini, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Latvia, Lebanon, Lesotho, Liberia, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, North Macedonia, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Samoa, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovenia, Solomon Islands, South Africa, South Sudan, Spain, Sri Lanka, Sudan, Sweden, Switzerland, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vietnam, Yemen, Zambia, Zimbabwe, WORLD

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Last year edition of the World Economic Forum Human Capital Report explored the factors contributing to the development of an educated, productive and healthy workforce. This year edition deepens the analysis by focusing on a number of key issues that can support better design of education policy and future workforce planning.

Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus 7.7 percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus 5.3 percent. Only China experienced a positive GDP growth rate of 4.9 percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from 1.2 percent (Japan) to over nine percent (India).

Graph and download economic data for Youth Unemployment Rate for India (SLUEM1524ZSIND) from 1991 to 2023 about 15 to 24 years, India, unemployment, and rate.

Key information about India Labour Productivity Growth

• India Labour Productivity dropped by 2.80 % YoY in Dec 2022, compared with a growth of 3.99 % in the previous year
• India Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 4.31 %
• The data reached an all-time high of 9.15 % in Dec 2016 and a record low of 0.74 % in Dec 2000

CEIC shifts year-end for annual Labour Force Participation Rate. CEIC calculates annual Labour Productivity Growth from annual Real GDP and annual Employment. The Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on NAS 2011-12, at 2011-12 prices. Organisation for Economic Co-operation and Development provides Employment data. Labour Productivity Growth prior to 2013 is based on World Bank's GDP per person employed, 2021 PPP

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2023. In 2023, Guyana ranked 2nd with an estimated GDP growth of approximately 32.96 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

India IN: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Ethiopia data was reported at 60.420 USD mn in May 2018. This records an increase from the previous number of 33.090 USD mn for Apr 2018. India IN: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Ethiopia data is updated monthly, averaging 0.920 USD mn from Jan 1960 (Median) to May 2018, with 689 observations. The data reached an all-time high of 97.955 USD mn in Mar 2013 and a record low of -0.050 USD mn in Sep 1995. India IN: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Ethiopia data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.DOT: Trade Balance: by Country: Monthly.