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.

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.

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 0.15 percent in 2024.

The Gross Domestic Product (GDP) in Saudi Arabia was worth 1067.58 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Saudi Arabia represents 1.01 percent of the world economy. This dataset provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Dominican Republic was worth 121.44 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Dominican Republic represents 0.12 percent of the world economy. This dataset provides - Dominican Republic GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The GDP of the Middle East and Central Asia is forecast to grow faster between 2024 and 2025 than other regions in the world. According to an economic outlook forecast, the GDP in the advanced economies will grow by 1.68 percent in 2029.

This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over 58 trillion U.S. dollars.

The Gross Domestic Product (GDP) in Vietnam was worth 429.72 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Vietnam represents 0.41 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.

The Gross Domestic Product (GDP) in Panama was worth 83.32 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Panama represents 0.08 percent of the world economy. This dataset provides - Panama GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico: Economic growth forecast: The latest value from 2030 is 2.1 percent, a decline from 2.18 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Mexico from 1980 to 2030 is 2.18 percent. The minimum value, -8.35 percent, was reached in 2020 while the maximum of 9.59 percent was recorded in 1981.

Key information about Canada Nominal GDP Growth

• Canada Nominal GDP Growth was reported at 4.311 % in Sep 2024.
• This records a decrease from the previous number of 5.115 % for Jun 2024.
• Canada Nominal GDP Growth data is updated quarterly, averaging 6.510 % from Mar 1958 to Sep 2024, with 267 observations.
• The data reached an all-time high of 23.418 % in Jun 2021 and a record low of -12.831 % in Jun 2020.
• Canada Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

The Gross Domestic Product (GDP) in Ukraine was worth 178.76 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Ukraine represents 0.17 percent of the world economy. This dataset provides the latest reported value for - Ukraine GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Jordan Nominal GDP Growth

• Jordan Nominal GDP Growth was reported at 4.600 % in Sep 2024.
• This records an increase from the previous number of 3.975 % for Jun 2024.
• Jordan Nominal GDP Growth data is updated quarterly, averaging 6.364 % from Mar 1993 to Sep 2024, with 127 observations.
• The data reached an all-time high of 35.849 % in Sep 2008 and a record low of -5.102 % in Jun 2020.
• Jordan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

Key information about Ivory Coast Nominal GDP Growth

• Ivory Coast Nominal GDP Growth was reported at 681.695 % in Mar 2023.
• This records an increase from the previous number of 7.255 % for Dec 2022.
• Ivory Coast Nominal GDP Growth data is updated quarterly, averaging 4.449 % from Mar 1998 to Mar 2023, with 101 observations.
• The data reached an all-time high of 681.695 % in Mar 2023 and a record low of -32.966 % in Mar 2011.
• Ivory Coast Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

Global real gross domestic product (GDP) growth is estimated to remain around three percent until 2025. While the increase is expected to be only 0.8 percent in the Euro Area in 2024, it is estimated to grow by over five percent in emerging and developing Asia.

Graph and download economic data for Projection of General government gross debt for France (GGGDTPFRA188N) from 2024 to 2030 about France, projection, gross, debt, and government.

Real GDP growth of World slumped by 7.08% from 3.5 % in 2022 to 3.2 % in 2023. Since the 17.13% surge in 2017, real GDP growth sank by 15.75% in 2023. Annual percentage growth rate of GDP at market prices based on constant local currency. 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.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

MSCI World: Reflecting Global Economic Trends or Inflated Valuations?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus 7.7 percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus 5.3 percent. Only China experienced a positive GDP growth rate of 4.9 percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from 1.2 percent (Japan) to over nine percent (India).