For instance, in 2019-20, India’s economy grew 4.2 per cent, while China expanded 6 per cent in 2019. Against the expected contraction in India’s economy this fiscal year, the IMF projected China’s economy to grow 1.9 per cent in 2020.

Gross Domestic Product, or GDP, measures the economy size of a country. * All products require an annual contract; Prices do not include sales tax. Support quality journalism and subscribe to Business Standard. Industry revenue of “motion picture, video and tv programme production“ in France 2012-202... Industry revenue of »freight transport by road and removal services« in Luxembourg 2011-20... Industry revenue of »agents selling textiles, clothing, fur, footwear« in Luxembourg 2011-... Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Following Libya is Rwanda.

Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Selected Countries and Economies. By not having to spend as much on importing crude oil, nations lacking their own oil reserves are able to have more economic freedom. One factor that may be linked to the growth of sub Saharan African and Asian economies has been decreased crude oil prices. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP Growth Rate. Real gross domestic product (GDP) is GDP given in constant prices and refers to the volume level of GDP. Kindly visit the Manage my subscription page to discover the benefits of this programme. Real Gross Domestic Product (GDP) increased at an annual rate of 33.1 per cent in the third quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. Accessed October 31, 2020. https://www.statista.com/statistics/686147/gdp-growth-forecast-europe/, European Commission. We, however, have a request. A growth in the country's stability has led to the growth of many industries, including the service sector. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Sub-Saharan Africa. Enjoy Reading! Gross domestic product of the United Kingdom 1948-2019.

GDP Growth By Country By Jessica Dillinger on October 25 2019 in Economics GDP is a calculation of the increase in the inflation-adjusted market value of the goods and services produced. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Profit from additional features by authenticating your Admin account. *Left the European Union on January 31, 2020. While many accept this shift is already occurring, the countries with the fastest growing GDP are ones you will likely not expect. In, European Commission. However, with signs of economic revival, India might well be one of the fastest-growing large economies in the next fiscal year, she said, while addressing the CERAWeek India Energy Forum.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); Sitharaman’s comments come at a time when the International Monetary Fund (IMF) has projected India’s GDP to contract 10.3 per cent this fiscal year, revised from its forecast of a 4.5 per cent decline in June. Please contact us to get started with full access to dossiers, forecasts, studies and international data. however, that the country has not yet returned to pre-war levels. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Country. Nirmala Sitharaman | India GDP growth | Indian Economy, Shine Jacob  |  Most Recent Value. As a Premium user you get access to background information and details about the release of this statistic. The government is also targeting the energy and fintech sectors as key focus areas in revival. Countries by nominal GDP in 2019 >$20 ... the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. The 2020 estimate comes from the Federal Reserve:. Please create an employee account to be able to mark statistics as favorites. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. There has been much ado made about the growth of China's economy lately, and projections forecast that within the next 50 years it will overtake the United States as having the highest GDP in the world.

Most Recent Year. You need at least a Single Account to use this feature. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, Budget Deficit By Country As Percentage Of GDP, Countries With the Highest Population Growth, Biggest Old Growth Forests In The United States, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. As much of the Libyan economy relies on crude oil production, the reestablishment of the industry goes a long way in encouraging the growth of the country's GDP. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

According to the International Monetary Fund, Libya has the fastest growing GDP in the world. A paid subscription is required for full access.

A PMI reading above 50 indicates expansion and below than 50 denotes contraction. May 6, 2020. She expressed hope that the 6,000-odd projects under the National Infrastructure Pipeline would be the key drivers. She also highlighted the revival in the purchasing managers’ index (PMI) as a key indicator of the sustainable revival of the economy expected during the third and fourth quarters of the fiscal year. DataBank Microdata Data Catalog. Menu. The list of countries by GDP showed on this page is based on the latest data from the World Economic Outlook by the International Monetary Fund. As a result, the consumption of durable goods, agricultural equipment and vehicles -- all are going up. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Historically, Rwanda has gone through some hardship, including a horrific genocide in 1994. In April, the indicator contracted after having grown for 32 consecutive months. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Copyrights © 2020 Business Standard Private Ltd. All rights reserved. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2019.

The major reason behind the north African country's economic growth is the reestablishment of the oil industry, after it was ravaged for years by Civil War that began in 2011. GDP growth (annual %) Sub-Saharan Africa. In a country that has long-time relied solely on rural industries, this shift is making a large difference in GDP levels. The finance minister also pinned hopes on the festive season to drive India’s revival. Japan slips to the fourth spot when GDP is measured in terms of PPP; GDP (PPP) is $5.75 trillion in 2019, while its GDP per capita is $40,850 (24th spot). ", European Commission, Gross Domestic Product (GDP) growth rate in European Union countries in 2019 Statista, https://www.statista.com/statistics/686147/gdp-growth-forecast-europe/ (last visited October 31, 2020), Gross Domestic Product (GDP) growth rate in European Union countries in 2019, Gross domestic product per capita in the United Kingdom (UK) 1955-2019, Quarterly GDP per head in the United Kingdom 2000-2020, Quarterly GDP of the United Kingdom 2000-2020, Quarterly GDP growth of the United Kingdom (UK) 2000-2020, Monthly GDP growth of the United Kingdom (UK) 2010-2020, Gross domestic product per capita growth in the United Kingdom (UK) 1956-2019, Quarterly GDP per head growth of the United Kingdom (UK) 2000-2020, GDP growth rate in European Union countries in 2019, Gross domestic product (GDP) of the United Kingdom (UK) 2018, by country, GDP of the United Kingdom (UK) 2018, by region, Gross value added to the United Kingdom (UK) in 2018, by area, Gross domestic product (GDP) of England (UK) 2000-2018, Scotland: Gross value added (GVA) from 2000-2018, Gross domestic product (GDP) of Wales 2000-2018, Gross domestic product (GDP) of Northern Ireland 2000-2018, Gross domestic product (GDP) of London (UK) 2000-2018, Gross value added (GVA) of the UK 2018, by sector, Agriculture, forestry and fishing sector: Gross value added (GVA) in the UK 2009-2018, Gross value added of the administrative and support sector in the UK 2009-2018, Gross value added of the accommodation and food service sector in the UK 2009-2018, Gross value added of the construction sector in the United Kingdom 2009-2018, Gross value added of the human health and social work sector in the UK 2009-2018, Gross value added of the education sector in the UK 2009-2018, Gross value added of the real estate sector in the United Kingdom 2009-2018, Water collection, treatment and supply revenue in Finland 2010-2022, Industry revenue of »manufacture of parts for motor vehicles« in Slovenia 2011-2023, Industry revenue of “motion picture, video and tv programme production“ in France 2012-2024, Industry revenue of »freight transport by road and removal services« in Luxembourg 2011-2023, Industry revenue of »agents selling textiles, clothing, fur, footwear« in Luxembourg 2011-2023, Industry revenue of »treatment and coating of metals; machining« in Slovenia 2011-2023, Industry revenue of “construction of other civil engineering projects“ in France 2012-2024, Construction of utility projects for fluids revenue in Luxembourg 2010-2022, Industry revenue of »manufacture of basic chemicals, fertilisers« in Slovakia 2011-2023, Construction of buildings revenue in Malta 2010-2022, Proportion of consumer expenditure on furnishing across India 2007-2025, Perception of people on firms' business expansion over next five years India 2017, Industry revenue of “civic and social organizations“ in the U.S. 2011-2023, Proportion of consumer expenditure on transport across India 2007-2025, Proportion of consumer expenditure on education and entertainment in India 2007-2025, Proportion of consumer expenditure on apparel across India 2007-2025, United Kingdom: nominal GDP forecast from 2017/18 to 2023/24, Proportion of consumer expenditure on housing and utilities across India 2007-2025, GDP per capita growth rate forecast United Kingdom (UK) 2013-2060.

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