Global real gross domestic product (GDP) growth is estimated to remain around ***** percent until 2025. While the increase is expected to be only *** percent in the Euro Area in 2024, it is estimated to grow by over **** percent in emerging and developing Asia.

In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

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.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by **** percent in 2025.

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.

This dataset shows the long-run projections for the US agricultural sector to 2031 includes assumptions for the US and international macroeconomic conditions and projections for major commodities, farm income, and the US agricultural trade value. Values are from the publication United States Department of Agriculture (USDA) Agricultural Projections to 2032.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Global 15x15 Minute Grids of the Downscaled GDP Based on the Special Report on Emissions Scenarios (SRES) B2 Scenario, 1990 and 2025, are geospatial distributions of Gross Domestic Product (GDP) per Unit area (GDP densities). These global grids were generated using the Country-level GDP and Downscaled Projections Based on the SRES B2 Scenario, 1990-2100 data set, and CIESIN's Gridded Population of World, Version 2 (GPWv2) data set as the base map. First, the GDP per capita was developed at a country-level for 1990 and 2025. Then the gridded GDP was developed within each country by applying the GDP per capita to each grid cell of the GPW, under the assumption that the GDP per capita was uniform within a country. This data set is produced and distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

The Gross Domestic Product (GDP) in Saudi Arabia was worth 1237.53 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Saudi Arabia represents 1.17 percent of the world economy. This dataset provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average for 2023 based on 188 countries was 0.53 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data was reported at 1.520 % in 2026. This records an increase from the previous number of 1.453 % for 2025. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data is updated yearly, averaging 1.453 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 3.851 % in 2021 and a record low of -3.000 % in 2020. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

This statistic provides a forecast of global gross domestic product in real terms until 2060. Figures are in trillion U.S. dollars forecasted from gross domestic data in 2014 and adjusted to 2010 purchasing power parities. Global real gross domestic product is projected to surpass *** trillion U.S. dollars in 2060.

Russia MED Forecast: GDP: Baseline Scenario data was reported at 324,092.798 RUB bn in 2036. This records an increase from the previous number of 303,117.368 RUB bn for 2035. Russia MED Forecast: GDP: Baseline Scenario data is updated yearly, averaging 168,051.266 RUB bn from Dec 2016 (Median) to 2036, with 21 observations. The data reached an all-time high of 324,092.798 RUB bn in 2036 and a record low of 78,673.032 RUB bn in 2016. Russia MED Forecast: GDP: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.AA029: GDP: Forecast: Ministry of Economic Development: Annual.

United States FOMC Projection: Change in Real GDP: Range: Y3: Upper End data was reported at 2.500 % in Dec 2024. This stayed constant from the previous number of 2.500 % for Sep 2024. United States FOMC Projection: Change in Real GDP: Range: Y3: Upper End data is updated quarterly, averaging 2.400 % from Sep 2015 (Median) to Dec 2024, with 21 observations. The data reached an all-time high of 4.000 % in Sep 2020 and a record low of 2.000 % in Sep 2017. United States FOMC Projection: Change in Real GDP: Range: Y3: Upper End 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.A026: NIPA 2023: GDP by Expenditure: Constant Price: saar: QoQ: Projection: Federal Reserve Board.

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States CBO Projection: Potential GDP: 2017p data was reported at 28,757.700 USD bn in Dec 2035. This records an increase from the previous number of 28,634.300 USD bn for Sep 2035. United States CBO Projection: Potential GDP: 2017p data is updated quarterly, averaging 25,760.400 USD bn from Dec 2023 (Median) to Dec 2035, with 49 observations. The data reached an all-time high of 28,757.700 USD bn in Dec 2035 and a record low of 22,495.200 USD bn in Dec 2023. United States CBO Projection: Potential GDP: 2017p 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.A134: NIPA 2023: Potential Gross Domestic Product: Projection.

BOK Forecast: Real GDP: Investment: Intellectual Property: YoY data was reported at 2.500 % in Dec 2019. This records a decrease from the previous number of 2.700 % for Jun 2019. BOK Forecast: Real GDP: Investment: Intellectual Property: YoY data is updated semiannually, averaging 2.650 % from Jun 2014 (Median) to Dec 2019, with 12 observations. The data reached an all-time high of 6.400 % in Jun 2014 and a record low of 1.400 % in Jun 2015. BOK Forecast: Real GDP: Investment: Intellectual Property: YoY data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.A032: GDP: Forecast: Bank of Korea.

Luxembourg LU: General Government: % of GDP: Primary Balance: Single Hit Scenario data was reported at -4.720 % in 2021. This records an increase from the previous number of -5.982 % for 2020. Luxembourg LU: General Government: % of GDP: Primary Balance: Single Hit Scenario data is updated yearly, averaging 1.118 % from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 4.311 % in 2000 and a record low of -5.982 % in 2020. Luxembourg LU: General Government: % of GDP: Primary Balance: Single Hit Scenario 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 Luxembourg – Table LU.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGXQ - General government primary balance, as a percentage of GDPGeneral government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf