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Global Real GDP Growth Rate And Forecast

Significant Global Economies

Chart of Global Economy-GDP Fluctuations — Global Economy & GDP Fluctuations, Forecasts and Trends—Model-based Analysis and Expert Judgement.

Gross Domestic Product (GDP) represents the total market value of all final goods and services produced in an economy in a given period—normally a year. Countries compute the value of their GDP in their own currency. In order to compare and make sense of GDPs of various countries, the value their GDP is converted into a common currency—typically the US dollar.

In the process of evaluating and analyzing global investment opportunities and, also in the course of business decision making, we need to have some fundamental data and facts available to us. Most important of these facts and data are the actual comparative state of the economies and GDPs of various countries and regions in the world—and, in particular, their rate of growth or decay.

But, when it comes to comparing the national economies of different countries by their Nominal GDP, converting its value into a common currency—typically the US dollar, presents a very ’unrealistic’ picture, since all other currencies in the world relate to the US dollar—and, the US dollar itself is not measured in any tangible manner.

To overcome the problem of relating various economies to each other, there arises the need to understand the various computing methodologies that different countries use in computing their GDPs. With so many factors involved and so many ‘adjustments’ to be made, it is quite a balancing act in itself.

Measuring Global Economy & GDP — Global Economy & GDP || With so many *‘adjustments’* to be made, it is quite a balancing act.

Real GDP provides an inflation-adjusted measure that reflects the true value of all goods and services produced by an economy in term of constant dollar. Real GDP—in contrast to the ‘nominal’ GDP, refers to the volume level of GDP. Constant price estimates of GDP are obtained by expressing values of all goods and services produced in a given year, expressed in terms of a base period.

There are quite a few benchmark ‘base-year’ measures that are used by various organizations. For example: UNCTAD uses the year 2005 as the measure of Constant prices, and Exchange rates of global currencies vs US Dollar.

Having the information to view the rate of growth/decay of various economies at a single place helps assess the current state of those economies—and their directions. This information is essential in identifying the investment opportunities and in the business decision making process.

The table below presents the GDP growth rate of the most significant economies in the world. The forecast for the future years is based on an assessment of the economic climate in individual countries and the world economy as a whole.

The forecast is derived using a combination of model-based analyses and expert judgement. This indicator is measured in growth rates compared to previous year.

[Total, Annual Growth Rate (%): Year 2010 – 2020]

[ The Table is scrollable ]

Location	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Argentina	10.13	6.00	-1.03	2.41	-2.51	2.73	-2.08	2.67	-2.51	-1.82	2.06
Australia	2.45	2.73	3.92	2.16	2.59	2.46	2.78	2.43	2.68	2.28	2.52
Austria	1.80	3.06	0.57	-0.00	0.77	1.10	2.08	2.68	2.67	1.43	1.56
Belgium	2.74	1.80	0.23	0.20	1.25	1.74	1.45	1.73	1.44	1.16	1.25
Brazil	7.54	3.99	1.93	3.01	0.51	-3.55	-3.31	1.06	1.11	1.36	2.27
Canada	3.09	3.15	1.76	2.33	2.87	0.69	1.11	2.98	1.83	1.27	1.99
Chile	5.89	6.03	5.42	4.07	1.74	2.26	1.61	1.47	4.04	3.37	3.30
China	10.64	9.60	7.86	7.76	7.31	6.92	6.70	6.80	6.60	6.20	6.01
Colombia	4.35	7.36	3.90	4.57	4.73	2.96	2.09	1.35	2.66	3.42	3.61
Costa Rica	4.96	4.31	4.79	2.27	3.51	3.64	4.25	3.40	2.66	2.67	2.97
Czech Rep.	2.13	1.78	-0.73	-0.49	2.71	5.38	2.36	4.54	2.88	2.57	2.50
Denmark	1.87	1.34	0.23	0.93	1.62	2.34	2.40	2.26	1.42	2.10	1.72
Estonia	1.65	7.55	4.33	1.99	2.78	2.06	3.50	4.74	3.92	3.24	2.81
Euro Zone	2.01	1.68	-0.79	-0.20	1.43	1.97	1.92	2.52	1.84	1.20	1.36
Finland	2.99	2.57	-1.43	-0.76	-0.63	0.50	2.77	2.65	2.33	1.50	1.42
France	1.86	2.23	0.38	0.59	0.99	1.03	1.11	2.29	1.58	1.30	1.25
Germany	3.94	3.72	0.69	0.60	2.18	1.48	2.16	2.46	1.45	0.74	1.20
Greece	-5.42	-9.20	-7.31	-3.20	0.76	-0.48	-0.26	1.45	1.93	2.14	1.97
Hungary	0.60	1.67	-1.51	2.18	4.12	3.48	2.18	4.36	4.98	3.95	2.95
Iceland	-3.44	1.88	1.30	4.13	2.08	4.75	6.63	4.60	4.61	0.99	2.36
India	8.50	5.30	5.40	6.39	7.41	8.00	8.17	7.17	7.04	7.16	7.43
Indonesia	6.38	6.17	6.03	5.56	5.01	4.88	5.03	5.07	5.17	5.07	5.06
Ireland	1.88	3.68	0.19	1.34	8.75	25.02	4.92	7.20	6.85	3.90	3.30
Israel	5.49	5.62	2.16	4.30	3.88	2.52	4.01	3.44	3.34	3.05	3.17
Italy	1.64	0.72	-2.85	-1.75	0.19	0.80	1.23	1.75	0.73	0.04	0.55
Japan	4.19	-0.12	1.50	2.00	0.37	1.22	0.61	1.93	0.79	0.66	0.61
Korea	6.50	3.68	2.29	2.90	3.34	2.79	2.93	3.06	2.69	2.40	2.49
Latvia	-3.94	6.38	4.03	2.43	1.86	2.97	2.06	4.64	4.77	2.68	2.73
Lithuania	1.64	6.04	3.83	3.50	3.54	2.02	2.35	4.14	3.49	2.95	2.46
Luxembourg	4.86	2.54	-0.36	3.67	4.31	3.93	2.41	1.55	2.60	1.98	2.52
Mexico	5.13	3.67	3.40	1.62	2.81	3.31	2.66	2.34	1.98	1.63	2.02
Netherlands	1.30	1.54	-1.03	-0.08	1.43	1.96	2.14	2.96	2.63	1.64	1.47
New Zealand	1.98	1.90	2.56	2.20	3.14	4.00	4.17	2.65	2.78	2.65	2.46
Norway	0.69	0.97	2.72	1.04	1.98	1.97	1.19	1.98	1.40	1.77	2.09
OECD	2.97	2.04	1.37	1.57	2.17	2.53	1.82	2.59	2.28	1.78	1.82
Poland	3.61	5.02	1.61	1.39	3.32	3.84	3.06	4.81	5.10	4.24	3.48
Portugal	1.90	-1.83	-4.03	-1.13	0.89	1.82	1.93	2.80	2.13	1.81	1.90
Russia	– –	– –	– –	– –	– –	-2.31	0.33	1.63	2.25	1.38	2.07
Slovak Rep.	5.04	2.82	1.66	1.49	2.75	4.17	3.13	3.19	4.11	3.50	3.42
Slovenia	1.24	0.65	-2.67	-1.13	2.95	2.30	3.07	4.88	4.49	3.38	3.12
S. Africa	3.04	3.28	2.21	2.49	1.85	1.19	0.40	1.41	0.79	1.16	1.72
Spain	0.01	-1.00	-2.93	-1.71	1.38	3.64	3.17	2.98	2.58	2.21	1.94
Sweden	5.70	2.75	0.02	1.22	2.71	4.21	2.46	2.36	2.44	1.62	1.57
Switzerland	2.87	1.84	1.01	1.88	2.48	1.27	1.59	1.68	2.49	1.00	1.46
Turkey	8.49	11.11	4.79	8.49	5.17	6.09	3.18	7.44	2.57	-2.58	1.56
U K	1.71	1.64	1.45	2.05	2.95	2.35	1.79	1.82	1.40	1.22	0.98
U.S.	2.56	1.55	2.25	1.84	2.45	2.88	1.57	2.22	2.86	2.82	2.28
World	5.30	4.00	3.31	3.35	3.45	3.28	3.12	3.68	3.51	3.18	3.36
Location	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020

{ Source of Data: OECD Economic Outlook}

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