The state of Florida experienced the most significant GDP growth in 2023, growing by 9.8 percent from 2022. Washington, South Carolina, and Nebraska also experienced high amounts of growth in the same period. Wyoming saw the smallest increase, at only two percent.

The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

This statistic shows the ten countries with the fastest growing economies in the world from 2001 to 2010. Over the past decade, Angola has demonstrated the fastest economic growth rate with average annual GDP growth sitting as high as 11.1 percent. The overall quarterly GDP growth in the United States can be found here.

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

What does GDP growth mean?

Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.

Countries with highest GDP growth rate

Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 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.

This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The fastest growing economy in Europe in 2024 was Malta. The small Mediterranean country's gross domestic product grew at five percent in 2024, beating out Montenegro which had a growth rate of almost four percent and the Russian Federation which had a rate of 3.6 percent in the same year. Estonia was the country with the largest negative growth in 2024, as the Baltic country's economy shrank by 0.88 percent compared with 2023, largely as a result of the country's exposure to the economic effects of Russia's invasion of Ukraine and the subsequent economic sanctions placed on Russia. Germany, Europe's largest economy, experience economic stagnation with a growth of 0.1 percent. Overall, the EU (which contains 27 European countries) registered a growth rate of one percent and the Eurozone (which contains 20) grew by 0.8 percent.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in South Carolina (SCRGSP) from 1997 to 2024 about SC, GSP, real, industry, GDP, and USA.

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.

The statistic shows the growth in real GDP in Brazil from between 2020 and 2024, with projections up until 2030. In 2024, Brazil’s real gross domestic product increased by 3.4 percent compared to the previous year.Brazilian growth and civic unrestGDP is a reliable tool used to indicate the shape of a national economy. It is one of the most well-known and well-understood measurements of the state of a country. Gross domestic product, or GDP, is the total market value of all final services and goods that have been produced in a country within a given period of time, usually a year.Brazil has undergone a huge economic transformation in the course of the last decade and is now one of the fastest growing economies on the planet. It belongs to the BRIC club of countries, an acronym that refers to the countries Brazil, Russia, India and China, a group of countries which are considered to be at a relatively similar stage of new and advancing economic development. Economic reforms in Brazil have given the country a boost on the international stage, which has helped it to gain significantly in recognition and influence around the world.The domestic product growth rate in Brazil is progressing throughout the years. After a minor blip in 2009, when a short recession saw the rate of growth moving slightly backwards, the economy has picked itself up and fought back with an increase of an impressive 7.53 percent in 2010. Despite the rapid growth and the perceived increase in Brazilian domestic prosperity, the gap between rich and poor remains distinct. The lower class manifested themselves in the numerous protests that erupted across the South American state in the summer of 2013. For days, hundreds of thousands of Brazilians took to the streets to protest the increase of public transport fares, but the demonstrations evolved into a more general protest against increasing social inequalities among the Brazilian population, despite increased prosperity.

Entrepreneurship Number of companies appearing in the annual Inc. 5000 list of Fastest Growing Companies in America (top states by number of companies in 2020)

The Gross Domestic Product (GDP) in China expanded 5.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Total Gross Domestic Product for Houston-The Woodlands-Sugar Land, TX (MSA) (NGMP26420) from 2001 to 2023 about Houston, TX, industry, GDP, and USA.

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.

United States (DC)Nonfarm Business: Temporarily Faster Growth data was reported at 102.750 1992=100 in 2023. This stayed constant from the previous number of 102.750 1992=100 for 2022. United States (DC)Nonfarm Business: Temporarily Faster Growth data is updated yearly, averaging 100.000 1992=100 from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 102.750 1992=100 in 2023 and a record low of 100.000 1992=100 in 2000. United States (DC)Nonfarm Business: Temporarily Faster Growth data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.A130: NIPA 2018: Potential Gross Domestic Product: Projection.

Clarifying the relationship between economic development and human well-being is conducive to promoting high-quality economic development. This study focused on 16 prefecture-level cities in the Qinghai-Xizang Plateau region. The critic weighting method assessed the 2007–2018 human well-being index (HWI). The Tapio decoupling model allowed the study of the human well-being decoupling state. Finally, the drivers of decoupling between economic development and human well-being were analyzed using the Logarithmic Mean Divisia Index method. The results indicated that (1) almost all cities in the study region had an upward 2007–2018 HWI trend, but there were significant differences in growth magnitude and change trend. (2) Economic development and human well-being in the study region in 2007–2018 had expansion negative decoupling, thus, human well-being increased with economic growth, but not as fast as gross domestic product. 9 cities in 2007 showed weak decoupling, expansion connection, and expansion negative decoupling, increasing to 13 cities by 2018, indicating that human well-being development gradually improved from 2007 to 2018. (3) For most cities, the economic scale effect was the most influential factor in the decoupling of economic development and human well-being. Therefore, this study provided policy recommendations for decoupling economic development and human well-being.

Small Shield Machine Market Outlook

The global market size for Small Shield Machines was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 6.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2032. This growth is primarily driven by increasing urbanization, the need for efficient underground construction solutions, and advancements in tunneling technology.

Urbanization is one of the primary growth factors driving the Small Shield Machine market. With the global population increasingly moving towards urban areas, the demand for infrastructure development has surged. This has necessitated the construction of new metros, subways, underground utilities, and road tunnels to accommodate the growing urban sprawl. Small Shield Machines offer an efficient and effective solution for such subterranean construction projects, thereby fueling their market demand. Additionally, advancements in technology have led to significant improvements in the efficiency and capability of these machines, further propelling market growth.

The increasing focus on sustainable infrastructure development is another key growth factor for the Small Shield Machine market. Governments and private entities are investing heavily in the construction of energy-efficient, resilient, and environmentally friendly infrastructure. Small Shield Machines are particularly well-suited for projects that require minimal disruption to the surface environment, making them ideal for urban environments. This has led to a rise in their adoption for a variety of applications, including tunneling for utilities, transportation, and mining.

Another significant factor contributing to market growth is the rise in mega infrastructure projects globally. Countries like China, India, and the United States are investing in large-scale infrastructure projects to boost economic growth and improve public services. These projects often require extensive underground construction, making Small Shield Machines indispensable. Furthermore, the increasing awareness about the long-term cost savings and safety benefits associated with using advanced tunneling machines has also encouraged their adoption, contributing to market expansion.

In terms of regional outlook, the Asia Pacific region is expected to dominate the Small Shield Machine market during the forecast period. Rapid urbanization, significant infrastructure investments, and the presence of some of the fastest-growing economies in the world contribute to the region's leading position. North America and Europe are also anticipated to show considerable growth due to ongoing infrastructure modernization initiatives and the replacement of aging tunneling equipment. Latin America and the Middle East & Africa, although smaller markets, are expected to witness steady growth driven by urbanization and infrastructure development projects.

Type Analysis

The Small Shield Machine market can be segmented by type into Earth Pressure Balance Machines, Slurry Shield Machines, Open Face Shield Machines, and others. Earth Pressure Balance Machines are particularly popular due to their ability to maintain ground stability and control soil pressure effectively. These machines are mainly used in urban tunneling projects where ground conditions are variable, and maintaining surface stability is crucial. The demand for Earth Pressure Balance Machines is expected to witness significant growth, driven by their application in various infrastructure development projects.

Slurry Shield Machines are another important segment in the Small Shield Machine market. These machines are designed to work in soft, water-bearing soils and are capable of controlling ground pressures effectively. The use of slurry facilitates the excavation process, making it ideal for challenging geological conditions. As urban areas expand into regions with complex soil compositions, the demand for Slurry Shield Machines is likely to increase, contributing to market growth.

Open Face Shield Machines, while less complex than their counterparts, offer specific advantages in certain scenarios. These machines are typically used in stable ground conditions and are favored for their simplicity and cost-effectiveness. They are often employed in smaller, less complex tunneling projects where advanced ground control is not required. Despite their limited application range, Open Face Shield Machines are expected to maintain steady demand, particularly in developing regions where budget constraints may

Economic surplus model results: Change in economy-wide income in 2030 from faster productivity growth, as modeled by the IMPACT model, by region.

The decades that followed the Second World War were among the most prosperous in modern history, and are referred to as the Golden Age of Capitalism in many countries. This period came to an end, however, with the 1973-1975 recession. Differences across the bloc Across the OECD member states, there was a significant drop in real GDP growth over the two decades, falling from an average of five percent annual growth in the 1960s to just 3.5 percent annually in most of the 1970s. Of all OECD countries shown here, Japan experienced the highest rate of real GDP growth in both decades, although it dropped from 11 to six percent between these years (Japan's real GDP growth was still higher in the 1970s than the other members' rates in the 1960s). Switzerland saw the largest relative decline over the two periods, with growth in the 1970s below one third of its growth rate in the 1960s. What caused the end of rapid growth? The Yom Kippur War between Israel and its Arab neighbors (primarily Egypt and Syria) resulted in the Arab oil-producing states placing an embargo on Israel's Western allies. This resulted in various energy and economic crises, compounded by other issues such as the end of the Bretton Woods financial system, which had far-reaching consequences for the OECD bloc. Additionally, the cost of agricultural goods and raw materials increased, and there was a very rare case of stagflation across most of the world's leading economies.