100+ datasets found
  1. M

    World GDP 1960-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). World GDP 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/wld/world/gdp-gross-domestic-product
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1960 - May 29, 2025
    Area covered
    World, world
    Description
    World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.54% increase</strong> from 2021.</li>
    <li>World GDP for 2021 was <strong>97.527 trillion US dollars</strong>, a <strong>13.96% increase</strong> from 2020.</li>
    <li>World GDP for 2020 was <strong>85.578 trillion US dollars</strong>, a <strong>2.69% decline</strong> from 2019.</li>
    </ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
    
  2. Forecast on the GDP growth worldwide 2020-2026, by economic group

    • statista.com
    • ai-chatbox.pro
    Updated Feb 21, 2025
    + more versions
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    Statista (2025). Forecast on the GDP growth worldwide 2020-2026, by economic group [Dataset]. https://www.statista.com/statistics/268295/forecast-on-the-gdp-growth-by-world-regions/
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    Dataset updated
    Feb 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The gross domestic product (GDP) in emerging markets and developing economies was forecast to grow by almost four percent in 2025 compared to the previous year. The expected growth rate was higher than that for advanced economies, which was forecast at 1.8 percent relative to 2024.

  3. M

    World GDP Growth Rate 1961-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). World GDP Growth Rate 1961-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-growth-rate
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1961 - May 28, 2025
    Area covered
    World, world
    Description
    World gdp growth rate for 2023 was 2.72%, a 0.37% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World gdp growth rate for 2022 was <strong>3.09%</strong>, a <strong>3.17% decline</strong> from 2021.</li>
    <li>World gdp growth rate for 2021 was <strong>6.26%</strong>, a <strong>9.19% increase</strong> from 2020.</li>
    <li>World gdp growth rate for 2020 was <strong>-2.93%</strong>, a <strong>5.57% decline</strong> from 2019.</li>
    </ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
    
  4. M

    World GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). World GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-per-capita
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1960 - May 2, 2025
    Area covered
    World
    Description
    World GDP per capita for 2023 was $13,138, a 3.21% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World GDP per capita for 2022 was <strong>$12,730</strong>, a <strong>2.97% increase</strong> from 2021.</li>
    <li>World GDP per capita for 2021 was <strong>$12,362</strong>, a <strong>12.99% increase</strong> from 2020.</li>
    <li>World GDP per capita for 2020 was <strong>$10,942</strong>, a <strong>3.67% decline</strong> from 2019.</li>
    </ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
    
  5. Countries with the largest gross domestic product (GDP) per capita 2025

    • statista.com
    • ai-chatbox.pro
    + more versions
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    Statista, Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    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 five are in Asia, alongside the U.S. 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.

  6. Countries with the largest gross domestic product (GDP) 2025

    • ai-chatbox.pro
    Updated Feb 10, 2025
    + more versions
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    Aaron O'Neill (2025). Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F772%2Fgdp%2F%23XgboDwS6a1rKoGJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Feb 10, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

  7. Global gross domestic product (GDP) 2029

    • statista.com
    Updated Jan 10, 2025
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    Statista (2025). Global gross domestic product (GDP) 2029 [Dataset]. https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/
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    Dataset updated
    Jan 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The statistic shows global gross domestic product (GDP) from 1985 to 2022, with projections up until 2029. In 2020, global GDP amounted to about 85.52 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

  8. G

    Economic growth forecast by country, around the world | TheGlobalEconomy.com...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Nov 10, 2017
    + more versions
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    Globalen LLC (2017). Economic growth forecast by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_growth_outlook_imf/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Nov 10, 2017
    Dataset authored and provided by
    Globalen LLC
    License

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

    Time period covered
    Dec 31, 1980 - Dec 31, 2030
    Area covered
    World, World
    Description

    The average for 2025 based on 184 countries was 3.13 percent. The highest value was in Libya: 17.3 percent and the lowest value was in Equatorial Guinea: -4.2 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

  9. People who believe the global economy will be stronger in 2025, by country

    • statista.com
    Updated May 30, 2025
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    Statista (2025). People who believe the global economy will be stronger in 2025, by country [Dataset]. https://www.statista.com/statistics/1550306/opinions-global-economy-2025-country/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 25, 2024 - Nov 8, 2024
    Area covered
    World
    Description

    Respondents in Asia and Latin America were quite optimistic about the global economy being stronger in 2025 than in 2024. In Indonesia, for instance, more than 80 percent of the respondents believed that the global economy would improve in 2025. Meanwhile, people in Europe were more pessimistic, with Ireland and Romania being the only countries where more than half of the respondents believed in a stronger global economy in 2025.

  10. T

    GDP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=africa
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    May 27, 2017
    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
    2025
    Area covered
    Africa
    Description

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

  11. T

    GDP PER CAPITA PPP by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP PER CAPITA PPP by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=europe
    Explore at:
    excel, json, csv, xmlAvailable download formats
    Dataset updated
    May 28, 2017
    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
    2025
    Area covered
    Europe
    Description

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

  12. T

    GDP by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 30, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP by Country in AMERICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=america
    Explore at:
    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    May 30, 2017
    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
    2025
    Area covered
    United States
    Description

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

  13. T

    GDP GROWTH RATE RATE by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jul 31, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP GROWTH RATE RATE by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/gdp-growth-rate-rate
    Explore at:
    excel, json, csv, xmlAvailable download formats
    Dataset updated
    Jul 31, 2017
    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
    2025
    Area covered
    World
    Description

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

  14. Real GDP growth forecast world regions 2022-2028

    • statista.com
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    Statista, Real GDP growth forecast world regions 2022-2028 [Dataset]. https://www.statista.com/statistics/1261641/real-gdp-growth-forecast-world-regions/
    Explore at:
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2023
    Area covered
    World
    Description

    Based on IMF forecasts from October 2023, the real GDP growth in industrial countries will slow in 2023, only growing by 1.5 percent. This is because if the impact of the high global inflation rates. On the other hand, the GDP of emerging and developing countries is expected to grow by around four percent both in 2022, 2023, and 2024.

  15. M

    U.S. GDP Growth Rate 1961-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). U.S. GDP Growth Rate 1961-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-growth-rate
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1961 - May 29, 2025
    Area covered
    United States
    Description
    U.S. gdp growth rate for 2023 was 2.54%, a 0.61% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>U.S. gdp growth rate for 2022 was <strong>1.94%</strong>, a <strong>3.86% decline</strong> from 2021.</li>
    <li>U.S. gdp growth rate for 2021 was <strong>5.80%</strong>, a <strong>8.01% increase</strong> from 2020.</li>
    <li>U.S. gdp growth rate for 2020 was <strong>-2.21%</strong>, a <strong>4.68% decline</strong> from 2019.</li>
    </ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
    
  16. M

    Pakistan GDP 1960-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). Pakistan GDP 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/PAK/pakistan/gdp-gross-domestic-product
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1960 - May 1, 2025
    Area covered
    Pakistan
    Description
    Pakistan GDP for 2023 was 338.37 billion US dollars, a 9.72% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>Pakistan GDP for 2022 was <strong>374.79 billion US dollars</strong>, a <strong>7.54% increase</strong> from 2021.</li>
    <li>Pakistan GDP for 2021 was <strong>348.52 billion US dollars</strong>, a <strong>16.01% increase</strong> from 2020.</li>
    <li>Pakistan GDP for 2020 was <strong>300.43 billion US dollars</strong>, a <strong>6.38% decline</strong> from 2019.</li>
    </ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
    
  17. T

    GDP PPP CURRENT INTERNATIONAL DOLLAR WB DATA.HTML. by Country Dataset

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Apr 27, 2025
    + more versions
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    TRADING ECONOMICS (2025). GDP PPP CURRENT INTERNATIONAL DOLLAR WB DATA.HTML. by Country Dataset [Dataset]. https://tradingeconomics.com/country-list/gdp-ppp-current-international-dollar-wb-data.html.
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Apr 27, 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
    2025
    Area covered
    World
    Description

    This dataset provides values for GDP PPP CURRENT INTERNATIONAL DOLLAR WB DATA.HTML. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  18. M

    U.K. GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). U.K. GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/gbr/united-kingdom/gdp-per-capita
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1960 - May 28, 2025
    Area covered
    United Kingdom
    Description
    U.K. GDP per capita for 2023 was $48,867, a 7.25% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>U.K. GDP per capita for 2022 was <strong>$45,564</strong>, a <strong>2.79% decline</strong> from 2021.</li>
    <li>U.K. GDP per capita for 2021 was <strong>$46,870</strong>, a <strong>16.54% increase</strong> from 2020.</li>
    <li>U.K. GDP per capita for 2020 was <strong>$40,217</strong>, a <strong>5.73% decline</strong> from 2019.</li>
    </ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
    
  19. M

    European Union GDP Growth Rate 1961-2025

    • macrotrends.net
    csv
    Updated Apr 30, 2025
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    MACROTRENDS (2025). European Union GDP Growth Rate 1961-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/EUU/european-union/gdp-growth-rate
    Explore at:
    csvAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    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, 1961 - May 28, 2025
    Area covered
    European Union
    Description
    European Union gdp growth rate for 2023 was 0.45%, a 3.03% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>European Union gdp growth rate for 2022 was <strong>3.48%</strong>, a <strong>2.53% decline</strong> from 2021.</li>
    <li>European Union gdp growth rate for 2021 was <strong>6.01%</strong>, a <strong>11.66% increase</strong> from 2020.</li>
    <li>European Union gdp growth rate for 2020 was <strong>-5.65%</strong>, a <strong>7.46% decline</strong> from 2019.</li>
    </ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
    
  20. BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024

    • statista.com
    Updated Mar 21, 2025
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    Statista (2025). BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024 [Dataset]. https://www.statista.com/statistics/1412425/gdp-ppp-share-world-gdp-g7-brics/
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    Dataset updated
    Mar 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    World
    Description

    The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS now holding a total 35 percent of the world's GDP compared to 30 percent held by the G7 countries.

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MACROTRENDS (2025). World GDP 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/wld/world/gdp-gross-domestic-product

World GDP 1960-2025

World GDP 1960-2025

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csvAvailable download formats
Dataset updated
Apr 30, 2025
Dataset authored and provided by
MACROTRENDS
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, 1960 - May 29, 2025
Area covered
World, world
Description
World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.
<ul style='margin-top:20px;'>

<li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.54% increase</strong> from 2021.</li>
<li>World GDP for 2021 was <strong>97.527 trillion US dollars</strong>, a <strong>13.96% increase</strong> from 2020.</li>
<li>World GDP for 2020 was <strong>85.578 trillion US dollars</strong>, a <strong>2.69% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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