On October 29, 1929, the U.S. experienced the most devastating stock market crash in it's history. The Wall Street Crash of 1929 set in motion the Great Depression, which lasted for twelve years and affected virtually all industrialized countries. In the United States, GDP fell to it's lowest recorded level of just 57 billion U.S dollars in 1933, before rising again shortly before the Second World War. After the war, GDP fluctuated, but it increased gradually until the Great Recession in 2008. Real GDP Real GDP allows us to compare GDP over time, by adjusting all figures for inflation. In this case, all numbers have been adjusted to the value of the US dollar in FY2012. While GDP rose every year between 1946 and 2008, when this is adjusted for inflation it can see that the real GDP dropped at least once in every decade except the 1960s and 2010s. The Great Recession Apart from the Great Depression, and immediately after WWII, there have been two times where both GDP and real GDP dropped together. The first was during the Great Recession, which lasted from December 2007 until June 2009 in the US, although its impact was felt for years after this. After the collapse of the financial sector in the US, the government famously bailed out some of the country's largest banking and lending institutions. Since recovery began in late 2009, US GDP has grown year-on-year, and reached 21.4 trillion dollars in 2019. The coronavirus pandemic and the associated lockdowns then saw GDP fall again, for the first time in a decade. As economic recovery from the pandemic has been compounded by supply chain issues, inflation, and rising global geopolitical instability, it remains to be seen what the future holds for the U.S. economy.

The real gross domestic product of the United States grew to 66,755 chained U.S. dollars in 2023. This reflects a slight increase from the previous year when the real per capita GDP was 65,420 chained U.S. dollars. For the recorded period, the lowest real per capita real GDP was in 1991, at 39,618 chained U.S. dollars.

United States GDP: PCE: 1996p: DG: F&HE: V&C: Records, Tapes & Disks data was reported at 11.595 USD bn in Oct 2003. This records a decrease from the previous number of 11.649 USD bn for Sep 2003. United States GDP: PCE: 1996p: DG: F&HE: V&C: Records, Tapes & Disks data is updated monthly, averaging 4.441 USD bn from Jan 1967 (Median) to Oct 2003, with 442 observations. The data reached an all-time high of 13.351 USD bn in Apr 2000 and a record low of 0.529 USD bn in Jul 1967. United States GDP: PCE: 1996p: DG: F&HE: V&C: Records, Tapes & Disks data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A203: NIPA 1999: Personal Consumption Expenditure.

Selection of time series of different scientific publications and of publication of the official statistics:

EUROSTAT, European Statistical Office OECD: Organisation for Economic Cooperation and Development; ONS: Office for National Statistics, England; SCB: Statistiska Centralbyran, Sweden; Federal Statistical Office, Wiesbaden. Deutschland; WHO: World Health Organization.

Haiti HT:(GDP) Gross Domestic Productper Unit of Energy Use: PPP per Kg of Oil Equivalent data was reported at 4.433 Intl $/kg in 2014. This records an increase from the previous number of 4.292 Intl $/kg for 2013. Haiti HT:(GDP) Gross Domestic Productper Unit of Energy Use: PPP per Kg of Oil Equivalent data is updated yearly, averaging 4.433 Intl $/kg from Dec 1996 (Median) to 2014, with 19 observations. The data reached an all-time high of 5.863 Intl $/kg in 2000 and a record low of 3.782 Intl $/kg in 2005. Haiti HT:(GDP) Gross Domestic Productper Unit of Energy Use: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Haiti – Table HT.World Bank: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to current international dollars using purchasing power parity rates based on the 2011 ICP round. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Kenya KE:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data was reported at 5.362 Intl $/kg in 2014. This records a decrease from the previous number of 5.638 Intl $/kg for 2013. Kenya KE:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data is updated yearly, averaging 5.005 Intl $/kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 5.638 Intl $/kg in 2013 and a record low of 4.790 Intl $/kg in 2000. Kenya KE:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kenya – Table KE.World Bank: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

Suriname SR: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data was reported at 82.284 kg in 2014. This records a decrease from the previous number of 82.709 kg for 2013. Suriname SR: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data is updated yearly, averaging 94.744 kg from Dec 2000 (Median) to 2014, with 15 observations. The data reached an all-time high of 140.517 kg in 2001 and a record low of 82.284 kg in 2014. Suriname SR: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Suriname – Table SR.World Bank: Energy Production and Consumption. Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

The graph shows national debt in China related to gross domestic product until 2024, with forecasts to 2030. In 2024, gross national debt ranged at around 88 percent of the national gross domestic product. The debt-to-GDP ratio In economics, the ratio between a country's government debt and its gross domestic product (GDP) is generally defined as the debt-to-GDP ratio. It is a useful indicator for investors to measure a country's ability to fulfill future payments on its debts. A low debt-to-GDP ratio also suggests that an economy produces and sells a sufficient amount of goods and services to pay back those debts. Among the important industrial and emerging countries, Japan displayed one of the highest debt-to-GDP ratios. In 2024, the estimated national debt of Japan amounted to about 250 percent of its GDP, up from around 180 percent in 2004. One reason behind Japan's high debt load lies in its low annual GDP growth rate. Development in China China's national debt related to GDP grew slowly but steadily from around 23 percent in 2000 to 34 percent in 2012, only disrupted by the global financial crisis in 2008. In recent years, China increased credit financing to spur economic growth, resulting in higher levels of debt. China's real estate crisis and a difficult global economic environment require further stimulating measures by the government and will predictably lead to even higher debt growth in the years ahead.

Key information about Canada National Government Debt

• Canada National Government Debt reached 1,519.8 USD bn in Mar 2024, compared with 1,423.3 USD bn in the previous year.
• Canada National Government Debt data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 1,519.8 USD bn in Mar 2024 and a record low of 20.5 USD bn in Mar 1962.

CEIC converts annual Government Debt into USD. The Department of Finance Canada provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt is in annual frequency, ending in March of each year.


Related information about Canada National Government Debt

• In the latest reports, Canada Consolidated Fiscal Balance recorded a deficit equal to 1.8 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 69.4 % of its Nominal GDP in Mar 2024.
• Canada Nominal GDP reached 520.3 USD bn in Mar 2023.