Annual GDP growth in Western Asia
Western Asia: Annual GDP growth was 2.1% in 2024. ◆ Volatile
Annual GDP growth in Western Asia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Western Asia is 2.1%, measured in 2024.
The figure is down 20.0% on the previous year and down 42.7% over ten years.
Over the whole period, annual gdp growth in Western Asia peaked at 10.2% in 2004 and was at its lowest, -3.4%, in 2020.
That places Western Asia 26th out of 34 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Western Asia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.3% | — |
| 2001 | -0.4% | -105.9% |
| 2002 | 1.9% | -547.1% |
| 2003 | 4.0% | +106.9% |
| 2004 | 10.2% | +157.6% |
| 2005 | 6.7% | -34.8% |
| 2006 | 6.9% | +3.1% |
| 2007 | 5.1% | -26.4% |
| 2008 | 4.4% | -12.2% |
| 2009 | -1.1% | -124.5% |
| 2010 | 5.9% | -642.0% |
| 2011 | 8.2% | +38.8% |
| 2012 | 4.7% | -42.1% |
| 2013 | 4.9% | +4.2% |
| 2014 | 3.7% | -25.3% |
| 2015 | 3.9% | +4.5% |
| 2016 | 3.6% | -6.5% |
| 2017 | 2.5% | -29.3% |
| 2018 | 2.8% | +11.1% |
| 2019 | 1.8% | -36.4% |
| 2020 | -3.4% | -287.5% |
| 2021 | 7.2% | -313.8% |
| 2022 | 7.3% | +0.9% |
| 2023 | 2.6% | -63.7% |
| 2024 | 2.1% | -20.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | -1.1% | 10.2% | 10 |
| 2010s | 4.2% | 1.8% | 8.2% | 10 |
| 2020s | 3.2% | -3.4% | 7.3% | 5 |
Countries ranked near Western Asia
- 23 Bermuda 6.0% compare
- 24 Armenia 5.9% compare
- 25 Cayman Islands 5.8% compare
- 26 Philippines 5.7% compare
- 27 Turks and Caicos Islands 5.6% compare
- 28 Ghana 5.6% compare
- 29 Gambia 5.6% compare
More economy & growth data for Western Asia
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.74 % (2024)
- Gross Domestic Product — Annual growth US$ 6.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.84 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.15 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.8 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.46 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.05 % (2024)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
Frequently asked questions
- What is annual gdp growth in Western Asia?
- Annual gdp growth in Western Asia was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Western Asia?
- The highest recorded value was 10.2% in 2004.
- What is the lowest annual gdp growth recorded in Western Asia?
- The lowest recorded value was -3.4% in 2020.
- How does Western Asia rank for annual gdp growth?
- Western Asia ranks 26th out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Western Asia?
- Over the last ten years it is down 42.7%. The long-run trend across the full record is volatile.
- Where does this Western Asia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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