GDP, short for Gross Domestic Product, is defined as the total market value of all final goods and services produced within a country in a given period. It includes private and public consumption, private and public investment, and exports less imports.
GDP is the most commonly used measure of economic activity and serves as a good indicator to track the economic health of a country. Economic growth (GDP growth) refers to the percent change in real GDP, which corrects the nominal GDP figure for inflation. Real GDP is therefore also referred to as inflation-adjusted GDP or GDP in constant prices.
This chart displays Economic Growth (GDP, ann. var. %) for Latin America, Euro Area, South Asia, Major Economies, Middle East & North Africa from 2010 to 2022.
Economic Growth (GDP, annual variation in %) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Afghanistan | 2.6 | 1.2 | 3.9 | -2.4 | - |
| Albania | 3.8 | 4.0 | 2.1 | -3.3 | 8.9 |
| Algeria | 1.3 | 1.2 | 1.0 | -5.1 | 3.5 |
| Andorra | 0.3 | 1.6 | 2.0 | -11.2 | 9.0 |
| Angola | -0.1 | -1.3 | -0.7 | -5.6 | 1.2 |
| Antigua and Barbuda | 3.1 | 6.9 | 4.9 | -20.2 | 5.3 |
| Argentina | 2.8 | -2.6 | -2.0 | -9.9 | 10.4 |
| Armenia | 7.6 | 5.2 | 7.7 | -7.2 | 5.8 |
| Aruba | 5.5 | 5.3 | 0.6 | -18.6 | 17.2 |
| Australia | 2.4 | 2.8 | 1.9 | -1.8 | 5.2 |
| Austria | 2.3 | 2.4 | 1.5 | -6.5 | 4.7 |
| Azerbaijan | 0.1 | 1.4 | 2.5 | -4.2 | 5.6 |
| Bahamas, The | 3.1 | 1.8 | 1.9 | -23.8 | 13.7 |
| Bahrain | 3.8 | 2.3 | 2.2 | -4.9 | 2.2 |
| Bangladesh | 7.3 | 7.9 | 3.4 | 6.9 | 7.1 |
| Barbados | 3.1 | 2.3 | 4.5 | -12.3 | 3.7 |
| Belarus | 2.5 | 3.1 | 1.4 | -0.7 | 2.3 |
| Belgium | 1.6 | 1.8 | 2.3 | -5.4 | 6.3 |
| Belize | -1.7 | 1.1 | 4.5 | -13.4 | 15.2 |
| Benin | 5.7 | 6.7 | 6.9 | 3.8 | 7.2 |
| Bhutan | 18.0 | -2.0 | 4.1 | - | - |
| Bolivia | 4.2 | 4.2 | 2.2 | -8.7 | 6.1 |
| Bosnia-Herz. | 3.8 | 4.6 | 2.3 | -3.3 | 7.1 |
| Botswana | 4.1 | 4.2 | 3.0 | -8.7 | 11.9 |
| Brazil | 1.3 | 1.8 | 1.2 | -3.3 | 5.0 |
| Brunei | 1.3 | 0.1 | 3.9 | 1.1 | -1.6 |
| Bulgaria | 2.8 | 2.7 | 4.0 | -4.0 | 7.6 |
| Burkina Faso | 6.2 | 6.6 | 5.7 | 1.9 | 6.9 |
| Burundi | 0.5 | 1.6 | 1.8 | 0.3 | 1.8 |
| Cabo Verde | 4.6 | 3.7 | 7.6 | -19.3 | 6.8 |
| Cambodia | 7.0 | 7.5 | 7.1 | -3.1 | 3.0 |
| Cameroon | 3.5 | 4.0 | 3.5 | 0.3 | 3.6 |
| Canada | 3.0 | 2.8 | 1.9 | -5.1 | 5.0 |
| CdI | 7.4 | 6.9 | 6.2 | 2.0 | 7.4 |
| Central African Republic | 4.5 | 3.8 | 3.0 | 1.0 | 1.0 |
| Chad | -2.4 | 2.4 | 3.4 | -2.1 | -1.1 |
| Chile | 1.4 | 4.0 | 0.7 | -6.1 | 11.7 |
| China | 6.9 | 6.7 | 6.0 | 2.2 | 8.4 |
| Colombia | 1.4 | 2.6 | 3.2 | -7.3 | 11.0 |
| Comoros | 3.8 | 3.6 | 1.8 | -0.2 | 2.1 |
| Congo | 3.7 | 4.8 | 4.5 | 1.7 | - |
| Costa Rica | 4.2 | 2.6 | 2.4 | -4.3 | 7.8 |
| Croatia | 3.4 | 2.8 | 3.4 | -8.5 | 13.1 |
| Cuba | 1.8 | 2.2 | -0.2 | -10.9 | 1.3 |
| Cyprus | 5.7 | 5.6 | 5.5 | -4.4 | 6.6 |
| Czech Republic | 5.3 | 3.2 | 3.0 | -5.5 | 3.5 |
| Denmark | 2.8 | 2.0 | 1.5 | -2.0 | 4.9 |
| Djibouti | 5.5 | 4.8 | 5.5 | 1.2 | - |
| Dominica | -9.5 | 0.5 | - | - | - |
| Dominican Republic | 4.7 | 7.0 | 5.1 | -6.7 | 12.3 |
| DR Congo | 3.7 | 5.8 | 4.4 | 1.7 | 6.2 |
| Ecuador | 2.4 | 1.3 | 0.0 | -7.8 | 4.2 |
| Egypt | 4.2 | 5.3 | 5.5 | 3.6 | 3.3 |
| El Salvador | 2.3 | 2.4 | 2.4 | -7.9 | 11.2 |
| Equatorial Guinea | -5.7 | -6.2 | -5.5 | -4.2 | -3.2 |
| Eritrea | -10.0 | 13.0 | 3.8 | -0.5 | 2.9 |
| Estonia | 5.8 | 3.8 | 3.7 | -0.6 | 8.0 |
| Ethiopia | 7.7 | 9.0 | 6.1 | 6.3 | 6.4 |
| Euro Area | 2.8 | 1.8 | 1.6 | -6.3 | 5.3 |
| Fiji | 5.3 | 3.8 | -0.6 | -17.0 | -5.1 |
| Finland | 3.2 | 1.1 | 1.2 | -2.4 | 3.0 |
| France | 2.5 | 1.8 | 1.9 | -7.7 | 6.4 |
| Gabon | 0.5 | 0.8 | 3.9 | -1.9 | 1.5 |
| Gambia, The | 4.8 | 7.2 | 6.2 | 0.6 | 5.3 |
| Georgia | 4.8 | 4.9 | 5.0 | -6.7 | 10.5 |
| Germany | 2.7 | 1.0 | 1.1 | -3.7 | 2.6 |
| Ghana | 8.1 | 6.2 | 6.5 | 0.5 | 4.6 |
| Greece | 1.1 | 1.5 | 1.8 | -8.7 | 8.1 |
| Grenada | 4.5 | 4.3 | 0.7 | -13.8 | 4.7 |
| Guatemala | 3.1 | 3.4 | 4.0 | -1.8 | 8.0 |
| Guinea | 10.3 | 6.4 | 5.6 | 4.9 | - |
| Guinea-Bissau | 4.7 | 3.4 | 4.5 | 1.5 | 6.4 |
| Guyana | 3.7 | 4.4 | 5.4 | 43.5 | 20.1 |
| Haiti | 2.5 | 1.7 | -1.7 | -3.3 | -1.8 |
| Honduras | 4.8 | 3.8 | 2.7 | -9.0 | 12.5 |
| Hong Kong | 3.8 | 2.8 | -1.7 | -6.5 | 6.4 |
| Hungary | 4.3 | 5.4 | 4.9 | -4.5 | 7.2 |
| Iceland | 4.2 | 4.9 | 1.8 | -7.2 | 4.3 |
| India | 6.8 | 6.5 | 3.9 | -5.8 | 9.1 |
| Indonesia | 5.1 | 5.2 | 5.0 | -2.1 | 3.7 |
| Iran | 2.8 | -1.8 | -3.1 | 3.3 | 4.7 |
| Iraq | -1.8 | 2.6 | 5.5 | -12.0 | 1.6 |
| Ireland | 9.0 | 8.5 | 5.4 | 6.2 | 13.6 |
| Israel | 4.4 | 4.2 | 4.1 | -1.8 | 8.5 |
| Italy | 1.7 | 0.8 | 0.5 | -9.0 | 7.0 |
| Jamaica | 0.7 | 1.8 | 1.0 | -9.9 | 4.6 |
| Japan | 1.7 | 0.6 | -0.4 | -4.3 | 2.2 |
| Jordan | 2.5 | 1.9 | 1.8 | -1.6 | 2.2 |
| Kazakhstan | 4.1 | 4.1 | 4.5 | -2.5 | 4.3 |
| Kenya | 3.8 | 5.6 | 5.1 | -0.3 | 7.6 |
| Kiribati | 0.0 | 5.1 | -2.2 | -1.7 | 7.9 |
| Korea | 3.2 | 2.9 | 2.2 | -0.7 | 4.1 |
| Kosovo | 4.8 | 3.4 | 4.8 | -5.3 | 10.7 |
| Kuwait | -4.7 | 2.4 | -0.6 | -8.9 | - |
| Kyrgyzstan | 4.7 | 3.8 | 4.6 | -8.4 | 6.2 |
| Laos | 6.9 | 6.2 | 5.5 | 0.5 | 2.5 |
| Latvia | 3.3 | 4.0 | 2.6 | -2.3 | 4.3 |
| Lebanon | 0.8 | -1.7 | -7.2 | -21.4 | -7.0 |
| Lesotho | -2.7 | -1.3 | -2.0 | -3.9 | 2.1 |
| Liberia | 2.5 | 1.2 | -2.5 | -3.0 | 5.0 |
| Libya | 32.5 | 7.9 | -11.2 | -29.5 | 28.3 |
| Lithuania | 4.3 | 4.0 | 4.6 | 0.1 | 5.9 |
| Luxembourg | 1.3 | 1.2 | 2.3 | -0.8 | 5.1 |
| Macao | 10.0 | 6.5 | -2.5 | -54.2 | 19.3 |
| Madagascar | 3.9 | 3.2 | 4.4 | -7.1 | 5.7 |
| Malawi | 4.0 | 4.4 | 5.4 | 0.9 | 4.6 |
| Malaysia | 5.8 | 4.8 | 4.4 | -5.5 | 3.3 |
| Maldives | 7.2 | 8.1 | 6.9 | -33.4 | 41.7 |
| Mali | 5.3 | 4.7 | 4.8 | -1.2 | - |
| Malta | 10.9 | 6.4 | 6.8 | -8.6 | 11.7 |
| Marshall Islands | 3.8 | 2.6 | 7.1 | -1.4 | - |
| Mauritania | 6.3 | 4.8 | 5.4 | -0.9 | 2.4 |
| Mauritius | 3.9 | 4.0 | 2.9 | -14.6 | 3.4 |
| Mexico | 2.3 | 2.2 | -0.2 | -8.2 | 4.9 |
| Micronesia, Federated States of | 0.7 | 1.0 | 1.9 | -3.3 | -2.3 |
| Moldova | 4.2 | 4.1 | 3.6 | -8.3 | 13.9 |
| Mongolia | 5.6 | 7.6 | 5.5 | -4.4 | 1.6 |
| Montenegro | 10.1 | 9.1 | 7.4 | -13.6 | 12.8 |
| Morocco | 4.0 | 3.1 | 2.7 | -7.2 | 7.9 |
| Mozambique | 3.7 | 3.4 | 2.3 | -1.2 | 2.4 |
| Myanmar | 5.8 | 6.4 | 6.8 | 3.2 | -17.9 |
| Namibia | -1.0 | 1.1 | -0.8 | -8.0 | 2.7 |
| Nauru | -5.4 | -1.1 | - | - | - |
| Nepal | 9.0 | 7.6 | 6.7 | -2.4 | 4.2 |
| Netherlands | 2.9 | 2.4 | 2.0 | -3.9 | 4.9 |
| New Zealand | 3.5 | 3.5 | 3.1 | -1.5 | 6.1 |
| Nicaragua | 4.6 | -3.4 | -2.9 | -1.8 | 10.3 |
| Niger | 5.0 | 7.0 | 6.1 | 3.5 | 1.4 |
| Nigeria | 0.8 | 1.9 | 2.3 | -1.9 | 3.4 |
| North Macedonia | 1.1 | 2.9 | 3.9 | -6.1 | 5.5 |
| Norway | 2.5 | 0.8 | 1.1 | -1.3 | 3.9 |
| Oman | 0.3 | 1.3 | -1.1 | -3.4 | 3.1 |
| Pakistan | 4.4 | 6.2 | 2.5 | -1.3 | 6.5 |
| Palau | -4.1 | 0.1 | 0.4 | -9.1 | -13.3 |
| Panama | 5.6 | 3.7 | 3.0 | -18.0 | 15.3 |
| Papua New Guinea | 3.5 | -0.3 | 4.5 | -3.2 | - |
| Paraguay | 4.8 | 3.2 | -0.4 | -0.8 | 4.0 |
| Peru | 2.5 | 4.0 | 2.2 | -11.0 | 13.3 |
| Philippines | 6.9 | 6.3 | 6.1 | -9.5 | 5.7 |
| Poland | 4.8 | 5.3 | 4.5 | -2.0 | 6.9 |
| Portugal | 3.5 | 2.8 | 2.7 | -8.3 | 5.5 |
| Puerto Rico | -2.9 | -4.4 | 1.7 | -4.2 | 0.4 |
| Qatar | -1.5 | 1.2 | 0.8 | -3.6 | 1.6 |
| Romania | 8.2 | 6.0 | 3.8 | -3.7 | 5.9 |
| Russia | 1.8 | 2.8 | 2.2 | -2.7 | 5.6 |
| Rwanda | 3.9 | 8.6 | 9.5 | -3.4 | 10.9 |
| Saint Kitts and Nevis | 1.0 | 1.1 | 4.1 | -14.6 | -0.9 |
| Saint Lucia | 3.4 | 2.9 | -0.6 | -24.4 | 12.2 |
| Saint Vincent and the Grenadines | 1.0 | 2.2 | 0.5 | -5.5 | 3.9 |
| Samoa | 1.4 | -0.6 | 4.5 | -3.1 | -7.1 |
| San Marino | 0.3 | 1.5 | 2.1 | -6.7 | - |
| Sao Tome and Principe | 3.9 | 3.0 | 2.2 | 3.0 | - |
| Saudi Arabia | -0.1 | 2.8 | 0.8 | -4.3 | 3.9 |
| Senegal | 7.4 | 6.6 | 4.3 | 1.5 | 6.6 |
| Serbia | 2.1 | 4.5 | 4.3 | -0.9 | 7.5 |
| Seychelles | 4.5 | 3.2 | 3.1 | -7.7 | 7.9 |
| Sierra Leone | 3.8 | 3.5 | 5.3 | -2.0 | 4.1 |
| Singapore | 4.5 | 3.6 | 1.3 | -3.9 | 8.9 |
| Slovakia | 2.9 | 4.0 | 2.5 | -3.3 | 4.9 |
| Slovenia | 4.8 | 4.5 | 3.5 | -4.3 | 8.2 |
| Solomon Islands | 3.1 | 2.7 | 1.7 | -3.4 | -0.2 |
| Somalia | 2.2 | 3.7 | 2.7 | -0.3 | 2.9 |
| South Africa | 1.2 | 1.5 | 0.3 | -6.3 | 4.9 |
| South Sudan | -5.8 | -2.1 | - | - | - |
| Spain | 3.0 | 2.3 | 2.0 | -11.3 | 5.5 |
| Sri Lanka | 6.5 | 2.3 | -0.2 | -4.6 | 3.5 |
| Sudan | 4.7 | 2.8 | -1.4 | -1.6 | -1.9 |
| Suriname | 1.6 | 4.9 | 1.2 | -16.0 | -2.7 |
| Swaziland | 2.0 | 2.4 | 2.7 | -1.6 | 7.9 |
| Sweden | 2.8 | 2.0 | 2.0 | -2.3 | 5.2 |
| Switzerland | 1.4 | 2.9 | 1.2 | -2.5 | 4.2 |
| Taiwan | 3.3 | 2.8 | 3.1 | 3.4 | 6.5 |
| Tajikistan | 7.6 | 7.6 | 7.4 | 4.4 | 9.2 |
| Tanzania | 6.8 | 7.0 | 7.0 | 4.8 | 4.9 |
| Thailand | 4.2 | 4.2 | 2.1 | -6.1 | 1.5 |
| Timor-Leste | -3.1 | -0.7 | 23.5 | 31.9 | 5.3 |
| Togo | 4.3 | 5.0 | 5.5 | 1.8 | 5.3 |
| Tonga | 3.4 | 0.2 | 0.7 | 0.5 | -2.6 |
| Trinidad and Tobago | -4.5 | -1.3 | 0.5 | -8.7 | -1.1 |
| Tunisia | 2.2 | 2.6 | 1.6 | -8.8 | 4.4 |
| Turkey | 7.5 | 3.0 | 0.8 | 1.9 | 11.4 |
| Turkmenistan | 4.7 | 0.9 | -3.4 | -2.9 | 4.6 |
| Tuvalu | 1.8 | 1.8 | 13.8 | -4.5 | 3.2 |
| UAE | 2.4 | 1.2 | 1.8 | -3.0 | 3.9 |
| Uganda | 6.8 | 5.6 | 7.6 | -1.2 | 5.6 |
| Ukraine | 2.4 | 3.5 | 3.2 | -3.8 | 3.4 |
| United Kingdom | 2.4 | 1.7 | 1.6 | -11.0 | 7.6 |
| United States | 2.2 | 2.9 | 2.3 | -2.8 | 5.9 |
| Uruguay | 1.7 | 0.2 | 0.7 | -6.3 | 5.3 |
| Uzbekistan | 4.4 | 5.5 | 6.0 | 2.0 | 7.4 |
| Vanuatu | 6.3 | 2.9 | 3.2 | - | - |
| Venezuela | -15.7 | -19.6 | - | - | - |
| Vietnam | 6.9 | 7.5 | 7.4 | 2.9 | 2.6 |
| West Bank and Gaza | 1.4 | 1.2 | 1.4 | -11.3 | 7.0 |
| Yemen | -10.6 | -0.8 | 1.4 | 1.2 | -1.0 |
| Zambia | 3.5 | 3.7 | 1.8 | -2.8 | 4.6 |
| Zimbabwe | 4.1 | 5.0 | -6.3 | -7.8 | 8.5 |