86 datasets found
  1. Latin America & Caribbean: gross domestic product 2025, by country

    • statista.com
    Updated Aug 8, 2025
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    Statista (2025). Latin America & Caribbean: gross domestic product 2025, by country [Dataset]. https://www.statista.com/statistics/802640/gross-domestic-product-gdp-latin-america-caribbean-country/
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    Dataset updated
    Aug 8, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Caribbean, Latin America, Americas, LAC
    Description

    In 2025, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

  2. U.S. value added to GDP 2024, by industry

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). U.S. value added to GDP 2024, by industry [Dataset]. https://www.statista.com/statistics/247991/value-added-to-the-us-gdp-by-industry/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United States
    Description

    In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.

  3. Gross domestic product of G7 countries 2000-2024

    • statista.com
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    Statista, Gross domestic product of G7 countries 2000-2024 [Dataset]. https://www.statista.com/statistics/1370584/g7-country-gdp-levels/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

  4. F

    Composite Leading Indicators: Reference Series (GDP) Normalized for United...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2025
    + more versions
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    (2025). Composite Leading Indicators: Reference Series (GDP) Normalized for United States [Dataset]. https://fred.stlouisfed.org/series/USALORSGPNOSTSAM
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    United States
    Description

    Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Normalized for United States (USALORSGPNOSTSAM) from Feb 1947 to Nov 2023 about leading indicator and GDP.

  5. U.S. gross domestic product contributions 2000-2021, by sector

    • statista.com
    Updated Apr 25, 2014
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    Statista (2014). U.S. gross domestic product contributions 2000-2021, by sector [Dataset]. https://www.statista.com/statistics/270001/distribution-of-gross-domestic-product-gdp-across-economic-sectors-in-the-us/
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    Dataset updated
    Apr 25, 2014
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2021, the agriculture sector contributed around 0.94 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 17.61 percent came from industry, and the service sector contributed the most to the GDP, at 76.4 percent.

  6. U

    United States State Leading Index: Minnesota

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States State Leading Index: Minnesota [Dataset]. https://www.ceicdata.com/en/united-states/state-leading-index/state-leading-index-minnesota
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2017 - Jul 1, 2018
    Area covered
    United States
    Variables measured
    Business Cycle Indicator
    Description

    United States State Leading Index: Minnesota data was reported at 2.333 % in Jul 2018. This records a decrease from the previous number of 2.428 % for Jun 2018. United States State Leading Index: Minnesota data is updated monthly, averaging 1.588 % from Jan 1982 (Median) to Jul 2018, with 439 observations. The data reached an all-time high of 3.973 % in Jul 1983 and a record low of -2.349 % in Mar 2009. United States State Leading Index: Minnesota data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.S008: State Leading Index.

  7. F

    Gross Domestic Product: Private Services-Providing Industries in Major...

    • fred.stlouisfed.org
    json
    Updated Dec 4, 2024
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    (2024). Gross Domestic Product: Private Services-Providing Industries in Major County, OK [Dataset]. https://fred.stlouisfed.org/series/GDPSERV40093
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    jsonAvailable download formats
    Dataset updated
    Dec 4, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    Oklahoma, Major County
    Description

    Graph and download economic data for Gross Domestic Product: Private Services-Providing Industries in Major County, OK (GDPSERV40093) from 2001 to 2023 about Major County, OK; services-providing; OK; private; industry; GDP; and USA.

  8. Gross domestic product of G20 countries 2023 and 2027

    • statista.com
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    Statista, Gross domestic product of G20 countries 2023 and 2027 [Dataset]. https://www.statista.com/statistics/722944/g20-country-gdp-levels/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2024
    Area covered
    Worldwide
    Description

    The gross domestic product (GDP) of the United States amounted to **** trillion U.S. dollars in 2023, making it the largest economy in the G20 and the largest worldwide. China was the second largest economy in that year, with a GDP valued at **** trillion U.S. dollars. It is worth noticing that while the U.S. GDP was forecast to increase by around **** trillion U.S. dollars until 2027, China's GDP is forecast to grow by around *** trillion U.S. dollars in the same time.

  9. F

    Federal Surplus or Deficit [-] as Percent of Gross Domestic Product

    • fred.stlouisfed.org
    json
    Updated Oct 18, 2024
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    (2024). Federal Surplus or Deficit [-] as Percent of Gross Domestic Product [Dataset]. https://fred.stlouisfed.org/series/FYFSDFYGDP
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    jsonAvailable download formats
    Dataset updated
    Oct 18, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSDFYGDP) from 1930 to 2023 about budget, federal, percent, GDP, and USA.

  10. U

    United States CPI U: Northeast: Size Class B/C

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States CPI U: Northeast: Size Class B/C [Dataset]. https://www.ceicdata.com/en/united-states/consumer-price-index-urban-by-region/cpi-u-northeast-size-class-bc
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    United States CPI U: Northeast: Size Class B/C data was reported at 156.752 Dec1996=100 in Oct 2018. This records a decrease from the previous number of 156.961 Dec1996=100 for Sep 2018. United States CPI U: Northeast: Size Class B/C data is updated monthly, averaging 132.049 Dec1996=100 from Dec 1996 (Median) to Oct 2018, with 263 observations. The data reached an all-time high of 157.350 Dec1996=100 in Aug 2018 and a record low of 100.000 Dec1996=100 in Jan 1997. United States CPI U: Northeast: Size Class B/C data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I014: Consumer Price Index: Urban: By Region. All metropolitan areas with population smaller than 1.5 million

  11. T

    United States - Leading Indicators OECD: Reference series: Gross Domestic...

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 15, 2025
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    TRADING ECONOMICS (2025). United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Major Five Asia [Dataset]. https://tradingeconomics.com/united-states/leading-indicators-oecd-reference-series-gross-domestic-product-gdp-ratio-to-trend-for-major-five-asia-fed-data.html
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    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Major Five Asia was 99.95974 Index in August of 2023, according to the United States Federal Reserve. Historically, United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Major Five Asia reached a record high of 102.57904 in December of 2007 and a record low of 86.26633 in February of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Major Five Asia - last updated from the United States Federal Reserve on November of 2025.

  12. Data and Code for Organized Crime and Economic Growth: Evidence from...

    • openicpsr.org
    delimited
    Updated Jan 19, 2024
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    Alessandra Fenizia; Raffaele Saggio (2024). Data and Code for Organized Crime and Economic Growth: Evidence from Municipalities Infiltrated by the Mafia [Dataset]. http://doi.org/10.3886/E197843V1
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    delimitedAvailable download formats
    Dataset updated
    Jan 19, 2024
    Dataset provided by
    American Economic Associationhttp://www.aeaweb.org/
    Authors
    Alessandra Fenizia; Raffaele Saggio
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    1991 - 2016
    Area covered
    Italy
    Description

    This paper studies the long-run economic impact of dismissing city councils infiltrated by organized crime. Applying a matched difference-in-differences design to the universe of Italian social security records, we find that city council dismissals (CCDs) increase employment, the number of firms, and industrial real estate prices. The effects are concentrated in Mafia-dominated sectors and in municipalities where fewer incumbents are re-elected. The dismissals generate large economic returns by weakening the Mafia and fostering trust in local institutions. The analysis suggests that CCDs represent an effective intervention for establishing legitimacy and spurring economic activity in areas dominated by organized crime.

  13. w

    Top ISO 2 country codes by country's GDP in South America and in 2023

    • workwithdata.com
    Updated Apr 9, 2025
    + more versions
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    Work With Data (2025). Top ISO 2 country codes by country's GDP in South America and in 2023 [Dataset]. https://www.workwithdata.com/charts/countries-yearly?agg=sum&chart=hbar&f=2&fcol0=region&fcol1=date&fop0=%3D&fop1=%3D&fval0=South+America&fval1=2023&x=country_code_2&y=gdp
    Explore at:
    Dataset updated
    Apr 9, 2025
    Dataset authored and provided by
    Work With Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    South America
    Description

    This horizontal bar chart displays GDP (current US$) by ISO 2 country code using the aggregation sum in South America. The data is filtered where the date is 2023. The data is about countries per year.

  14. U

    United States Large Dom Banks: CR: LL: RT: Commercial (CO)

    • ceicdata.com
    + more versions
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    CEICdata.com, United States Large Dom Banks: CR: LL: RT: Commercial (CO) [Dataset]. https://www.ceicdata.com/en/united-states/balance-sheet-commercial-banks-large-domestic-chartered-banks-monthly/large-dom-banks-cr-ll-rt-commercial-co
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jul 1, 2018 - Jun 1, 2019
    Area covered
    United States
    Description

    United States Large Dom Banks: CR: LL: RT: Commercial (CO) data was reported at 701.693 USD bn in Jun 2019. This records a decrease from the previous number of 703.969 USD bn for May 2019. United States Large Dom Banks: CR: LL: RT: Commercial (CO) data is updated monthly, averaging 554.895 USD bn from Oct 1996 to Jun 2019, with 273 observations. The data reached an all-time high of 715.698 USD bn in Dec 2008 and a record low of 256.886 USD bn in Aug 1997. United States Large Dom Banks: CR: LL: RT: Commercial (CO) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB035: Balance Sheet: Commercial Banks: Large Domestic Chartered Banks: Monthly.

  15. Contribution of Mexican states to the national GDP 2023

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Contribution of Mexican states to the national GDP 2023 [Dataset]. https://www.statista.com/statistics/1289347/gdp-mexico-city-share-total-mexico-gdp/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    Mexico City's GDP amounted to approximately 3.81 trillion Mexican pesos in 2023. During that year, the GDP of the city corresponded to 14.8 percent of the national gross domestic product. This share turned the capital into the federal entity with the largest contribution to Mexico's economic output. On the flip side, the eastern state of Tlaxcala only represented 0.6 percent of the national GDP.

  16. U

    United States USD Trade Weighted Index: Real: Major Currencies

    • ceicdata.com
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    CEICdata.com, United States USD Trade Weighted Index: Real: Major Currencies [Dataset]. https://www.ceicdata.com/en/united-states/us-dollar-trade-weighted-index/usd-trade-weighted-index-real-major-currencies
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    May 1, 2017 - Apr 1, 2018
    Area covered
    United States
    Variables measured
    Foreign Exchange Rate
    Description

    United States USD Trade Weighted Index: Real: Major Currencies data was reported at 104.556 Mar1973=100 in Oct 2018. This records an increase from the previous number of 103.639 Mar1973=100 for Sep 2018. United States USD Trade Weighted Index: Real: Major Currencies data is updated monthly, averaging 91.800 Mar1973=100 from Jan 1973 (Median) to Oct 2018, with 550 observations. The data reached an all-time high of 131.551 Mar1973=100 in Mar 1985 and a record low of 77.674 Mar1973=100 in Jul 2011. United States USD Trade Weighted Index: Real: Major Currencies data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.M016: US Dollar Trade Weighted Index.

  17. U

    United States SB: ME: CS: Demand: Large Increase

    • ceicdata.com
    Updated Apr 23, 2022
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    CEICdata.com (2022). United States SB: ME: CS: Demand: Large Increase [Dataset]. https://www.ceicdata.com/en/united-states/small-business-pulse-survey-by-state-northeast-region/sb-me-cs-demand-large-increase
    Explore at:
    Dataset updated
    Apr 23, 2022
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 28, 2022
    Area covered
    United States
    Description

    United States SB: ME: CS: Demand: Large Increase data was reported at 8.700 % in 28 Mar 2022. United States SB: ME: CS: Demand: Large Increase data is updated weekly, averaging 8.700 % from Mar 2022 (Median) to 28 Mar 2022, with 1 observations. The data reached an all-time high of 8.700 % in 28 Mar 2022 and a record low of 8.700 % in 28 Mar 2022. United States SB: ME: CS: Demand: Large Increase data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S049: Small Business Pulse Survey: by State: Northeast Region: Weekly, Beg Monday (Discontinued).

  18. U

    United States Large Dom Banks: CR: LL: Consumer

    • ceicdata.com
    + more versions
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    CEICdata.com, United States Large Dom Banks: CR: LL: Consumer [Dataset]. https://www.ceicdata.com/en/united-states/balance-sheet-commercial-banks-large-domestic-chartered-banks-monthly/large-dom-banks-cr-ll-consumer
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jul 1, 2018 - Jun 1, 2019
    Area covered
    United States
    Description

    United States Large Dom Banks: CR: LL: Consumer data was reported at 1,143.241 USD bn in Jun 2019. This records an increase from the previous number of 1,132.695 USD bn for May 2019. United States Large Dom Banks: CR: LL: Consumer data is updated monthly, averaging 440.733 USD bn from Apr 1985 (Median) to Jun 2019, with 411 observations. The data reached an all-time high of 1,143.241 USD bn in Jun 2019 and a record low of 223.237 USD bn in Apr 1985. United States Large Dom Banks: CR: LL: Consumer data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB035: Balance Sheet: Commercial Banks: Large Domestic Chartered Banks: Monthly.

  19. y

    Composite Leading Indicator: United States

    • ycharts.com
    html
    Updated Nov 6, 2025
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    Organisation for Economic Co-operation and Development (2025). Composite Leading Indicator: United States [Dataset]. https://ycharts.com/indicators/composite_leading_indicator_united_states
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    htmlAvailable download formats
    Dataset updated
    Nov 6, 2025
    Dataset provided by
    YCharts
    Authors
    Organisation for Economic Co-operation and Development
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1955 - Oct 31, 2025
    Area covered
    United States
    Variables measured
    Composite Leading Indicator: United States
    Description

    View monthly updates and historical trends for Composite Leading Indicator: United States. Source: Organisation for Economic Co-operation and Development.…

  20. R

    Band Pegs for Power Rack Market Research Report 2033

    • researchintelo.com
    csv, pdf, pptx
    Updated Oct 1, 2025
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    Research Intelo (2025). Band Pegs for Power Rack Market Research Report 2033 [Dataset]. https://researchintelo.com/report/band-pegs-for-power-rack-market
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    pptx, csv, pdfAvailable download formats
    Dataset updated
    Oct 1, 2025
    Dataset authored and provided by
    Research Intelo
    License

    https://researchintelo.com/privacy-and-policyhttps://researchintelo.com/privacy-and-policy

    Time period covered
    2024 - 2033
    Area covered
    Global
    Description

    Band Pegs for Power Rack Market Outlook



    According to our latest research, the Global Band Pegs for Power Rack market size was valued at $212 million in 2024 and is projected to reach $412 million by 2033, expanding at a CAGR of 7.4% during the forecast period of 2025–2033. The primary driver fueling this robust growth is the worldwide surge in home and commercial fitness activities, coupled with a heightened focus on strength training and functional workouts. As fitness enthusiasts and professional athletes increasingly integrate resistance band training into their routines, the demand for reliable and versatile band pegs compatible with power racks has escalated. This trend is further amplified by the proliferation of personalized fitness regimes and the growth of the home gym equipment segment, which together are shaping the market’s trajectory across both developed and emerging economies.



    Regional Outlook



    North America currently holds the largest share of the global Band Pegs for Power Rack market, accounting for approximately 38% of total revenue in 2024. This dominance is attributed to the region’s mature fitness industry, high disposable incomes, and a strong culture of health and wellness. The United States, in particular, boasts a dense network of commercial gyms, boutique fitness centers, and a rapidly expanding home gym market. The presence of leading manufacturers, continuous product innovation, and favorable government policies supporting physical well-being further reinforce North America’s market leadership. Additionally, the widespread adoption of advanced fitness technologies and the influence of celebrity fitness trends continue to drive consumer demand, making North America the benchmark for product development and market expansion in this sector.



    The Asia Pacific region is expected to witness the fastest growth in the Band Pegs for Power Rack market, with a projected CAGR of 9.2% from 2025 to 2033. This accelerated growth is fueled by rising health consciousness, urbanization, and increasing investments in fitness infrastructure across major economies such as China, India, Japan, and Australia. The burgeoning middle-class population, coupled with a shift towards preventive healthcare and lifestyle modification, is driving the adoption of functional fitness equipment, including band pegs. Moreover, regional governments are actively promoting physical activity through public health initiatives and incentives, while international fitness brands are expanding their footprint via strategic partnerships and local collaborations. These factors collectively position Asia Pacific as the most dynamic and lucrative market for band peg manufacturers in the coming decade.



    Emerging economies in Latin America and the Middle East & Africa are gradually embracing the benefits of structured fitness regimes, albeit at a slower pace due to economic and infrastructural challenges. In these regions, the adoption of band pegs for power racks is primarily concentrated in urban centers and among the affluent segments of the population. Limited access to specialized fitness equipment, lower consumer awareness, and fluctuating import regulations pose notable challenges. However, localized demand is increasing as fitness culture gains momentum, supported by the proliferation of boutique gyms and wellness centers. Policy reforms aimed at improving public health, alongside the gradual expansion of e-commerce platforms, are expected to bridge adoption gaps and stimulate market growth in these developing regions over the forecast period.



    Report Scope





    Attributes Details
    Report Title Band Pegs for Power Rack Market Research Report 2033
    By Product Type Standard Band Pegs, Adjustable Band Pegs, Heavy-Duty Band Pegs, Others
    By Material Steel, Aluminum, Plastic, Others
    By Application Home Gyms, Commercial Gyms, Fitness Centers, Others
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Statista (2025). Latin America & Caribbean: gross domestic product 2025, by country [Dataset]. https://www.statista.com/statistics/802640/gross-domestic-product-gdp-latin-america-caribbean-country/
Organization logo

Latin America & Caribbean: gross domestic product 2025, by country

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21 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 8, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2025
Area covered
Caribbean, Latin America, Americas, LAC
Description

In 2025, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

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