25+ striking global GDP statistics & facts

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on Jan 10, 2023
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  • GDP statistics serves as an important measure of economic health.
  • Besides being a pointer for businesses, GDP is a good pointer for shares and bond investors.
  • It is also used by central bankers to decide if their monetary policies need to be adjusted.

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Gross Domestic Product (GDP) statistics are an important pointer for businesses and investors looking at the prospects of global expansion. In addition, it is also an important pointer for economists and traders, especially those looking for how to invest their money online, since it serves as a comprehensive measure of economic health, which matters a lot for the prices of financial assets.

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In particular, stronger economic growth translates into higher investor risk appetite and corporate profits, which positively correlates with stock quotes. Contrariwise stronger GDP growth can upset fixed-income investments like bonds by making their returns less attractive.

Markets are known to track GDP reports not as a leading economic indicator but rather to get a rear-view of the economy. To that end, Invezz has compiled a comprehensive GDP statistics report to give investors a feel of how the GDP of various economies around the world has changed to date.

GDP stats – editors pick

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  • The Nominal GDP of the US is about $23 trillion.
  • The US Real gross domestic product (GDP) increased at an annual rate of 3.2% in Q3, 2022.
  • The Nominal GDP of China is about $17.73 trillion.
  • The Nominal GDP of Russia is about $1.78 trillion.
  • Currently, the GDP of Africa is estimated at roughly $3 trillion, the highest since 2010.

World GDP growth rate statistics

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1. The world’s GDP stands at about $103.86 trillion

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According to the PopulationU website, the world’s GDP in 2022 is $103.86 trillion up from 2021’s $96.1 trillion as recorded by the World Bank. This represents a growth rate of about 8.07%.

2. Guyana has seen the largest positive change in the Real GDP growth of 57.8%

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According to data provided by the IMF, Guyana’s Real GDP growth in 2022 is 57.8%, making it the country with the highest positive change in Real GDP.

Guyana is followed at a distance in that rank by Fiji with a Real GDP change of 12.5%, Seychelles with a change of 10.9%, and Barbados with a change of 10.5.

3. The annual percentage change of the Real GDP growth in Russia is -3.4%

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According to data on the International Monetary Fund (IMF) website, amid tough economic sanctions imposed by the west on Russia since it invaded Ukraine, the Real GDP growth rate in Russia in 2022 is about -3.4%.

4. Six countries registered a negative percentage of Real GDP growth in 2022

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Besides Russia (-3.4%), another five countries registered negative Real GDP growth in 2022. 

Besides Sri Lanka (-8.7%) and Libya (-18.5%), the rest of the six countries come from Eastern Europe including Belarus (-7%), Ukraine (-35%), and Lithuania (-3.4%).

5. Ukraine has seen the least Real GDP growth in 2022

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Going by the numbers provided by the IMF, Ukraine has seen the lowest Real GDP growth in 2022 majorly due to the ongoing invasion and bombardment by Russia since February.

6. On average the annual change in Real GDP in Eastern Europe was -1.5%

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Eastern Europe has seen the lowest growth in 2022 having been preoccupied with the ongoing invasion in Ukraine. According to data from the IMF, the average annual change in Real GDP in 2022 in Eastern Europe is -1.5.

7. Africa saw a 3.7% annual percentage change in its Real GDP growth in 2022

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In a year where we have seen huge inflation rates, the African region saw an average annual percentage change of 3.7% in its Real GDP.

USA GDP statistics

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8. The United States GDP stands at about $23 trillion

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According to data from the World Bank, the GDP of the United States is $23 trillion. This makes the US the best-ranked country by GDP.

9. The US Real gross domestic product increased at an annual rate of 3.2% in Q3, 2022

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According to data provided on a press release by the BEA website titled ‘Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), Third Quarter 2022,’ the real gross domestic product (GDP) increased at an annual rate of 3.2% in the third quarter of 2022.

10. In Q2, 2022, the Real GDP had dropped by 0.6%

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According to the data from the US government, in the second quarter, the Real GDP decreased by 0.6%.

11. US’s current-dollar GDP has increased by 7.7%

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According to data provided by the US government, the “Current dollar GDP increased 7.7 percent at an annual rate, or $475.5 billion, in the third quarter to a level of $25.72 trillion […], an upward revision of $25.0 billion from the previous estimate.”

12. The price index for gross domestic purchases in the US increased by 4.8% in Q3, 2022

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The price index for gross domestic purchases went up by 4.8% in Q3, 2022, an upward revision of 0.1% point from the previous estimate.

The PCE price index, on the other hand, increased by 4.3%, unchanged from the previous estimate. However, excluding energy and food prices, the PCE price index increased by 4.7, which is an upward revision of 0.7% from the previous estimate.

UK GDP statistics

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13. The United Kingdom’s 2022 GDP is $3.187 trillion

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According to World Bank’s data, the GDP of the UK in 2022 is $3.187 trillion (£2.64 trillion).

14. The annual change in UK’s 2022 real GDP growth was 3.6%

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According to data from the IMF, the annual change in UK’s 2022 real GDP growth was 3.6%.

15. UK’s monthly real GDP is estimated to have grown by 0.5% in October 2022

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According to ‘GDP monthly estimate, UK: October 2022’ published by the Office for National Statistics, the UK’s monthly real gross domestic product (GDP) is estimated to have grown by 0.5% in October 2022, following a fall of 0.6% in September 2022. 

16. The UK GDP fell 0.3% through the three months to October 2022

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Although the GDP was recorded as having risen in October, it had fallen 0.3% in the three months to October 2022.

17. The quarter-on-quarter chained volume measures (CVM) SA% GDP growth by Q3 was -0.3%

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According to data provided by the Office for National Statistics, the GDP estimates in CVM  growth rate between Q2 and Q3 was -0.3%.

18. The quarter-on-quarter CP SP% GDP growth by Q3 was 1.6%

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According to data provided by the Office for National Statistics, the GDP estimates in chained volume measures and at current market prices growth rate between Q2 and Q3 was 1.6%.

Europe GDP statistics

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19. The annual percentage change of the 2022 real GDP growth in Europe was 1.9%

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According to data from the IMF, the average annual change in the GDP growth in Europe in 2022 was 1.9%.

20. The annual percentage change of GDP in Eastern Europe was -1.5%

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The average annual change in the GDP growth in Eastern Europe in 2022 was -1.5%, which can be hugely attributed to the ongoing invasion of Ukraine by Russia.

21. Ukraine had the lowest GDP growth rate in 2022

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With an annual GDP growth rate of -35%, Ukraine ranks as the country with the lowest growth rate in Europe. This is due to the burden that the invasion by Russia has caused on the country’s economy.

22. Ireland and Georgia have the highest GDP growth rate in Europe

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According to the data from the IMF, Ireland and Georgia registered a GDP growth rate of 9% making them the countries with the highest GDP growth rate.

23. In 2021, the GDP of the European Union (EU) was $17.18 trillion

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According to data from the World Bank, the current GDP in European Union was $17.18 trillion (€16.11 trillion).

Asia GDP statistics

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24. The annual percentage change of GDP in Asia and the Pacific was 4%

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The annual percentage of GDP growth in Asia and the Pacific region was 4%. On the other hand, the annual percentage change of GDP in Central Asia and the Caucasus in 2022 was 4.6%.

The annual percentage change of GDP in East Asia in 2022 was 2.9%.

25. China has the highest GDP in Asia

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According to World Bank national accounts data, and OECD National Accounts data files, China has a current GDP of $17.73 trillion (¥122.31 trillion Chinese Yuan), making it the largest country in Asia by GDP.

26. Japan has the second-highest GDP in Asia

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According to data from the World Bank, Japan has a current GDP of $4.94 trillion (¥646.93 trillion Japanese Yen), making it the second-largest country in Asia by GDP.

27. India has a current GDP of $3.18 trillion

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India comes in third among the countries with the highest GDP in Asia with a current GDP of $3.18 trillion (262.86 trillion Indian rupees).

Conclusion

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We hope the above GDP statistics help you in determining the economic health, productivity, and growth in various countries around the world. 

Nevertheless, although the above statistics show that most countries made a positive GDP change, a strong GDP growth rate does not necessarily lead to a positive outcome on all fronts of the financial market. On the contrary, it often hurts inflation rates as depicted in our earlier inflation rate statistics.

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