Annual GDP growth in World
World: Annual GDP growth was 2.9% in 2024. ◆ Volatile
Annual GDP growth in World, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in World stood at 2.9%.
The figure is down 3.5% on the previous year and down 8.5% over ten years.
Over the whole period, annual gdp growth in World peaked at 6.4% in 2021 and was at its lowest, -2.9%, in 2020.
World ranks 19th of 36 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in World, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 2.1% | -54.7% |
| 2002 | 2.3% | +11.2% |
| 2003 | 3.1% | +34.7% |
| 2004 | 4.5% | +45.3% |
| 2005 | 4.0% | -9.8% |
| 2006 | 4.5% | +10.4% |
| 2007 | 4.4% | -1.6% |
| 2008 | 2.1% | -52.2% |
| 2009 | -1.3% | -162.7% |
| 2010 | 4.5% | -440.5% |
| 2011 | 3.3% | -25.6% |
| 2012 | 2.7% | -18.0% |
| 2013 | 2.9% | +5.7% |
| 2014 | 3.1% | +8.0% |
| 2015 | 3.1% | +0.1% |
| 2016 | 2.8% | -10.5% |
| 2017 | 3.5% | +23.3% |
| 2018 | 3.3% | -5.0% |
| 2019 | 2.7% | -18.3% |
| 2020 | -2.9% | -210.0% |
| 2021 | 6.4% | -317.8% |
| 2022 | 3.4% | -46.8% |
| 2023 | 3.0% | -13.1% |
| 2024 | 2.9% | -3.5% |
Biggest year-on-year movements
Years where Annual GDP growth in World changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +440.5% | -1.3% | 4.5% |
| 2021 | +317.8% | -2.9% | 6.4% |
| 2020 | -210.0% | 2.7% | -2.9% |
| 2009 | -162.7% | 2.1% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.0% | -1.3% | 4.5% | 10 |
| 2010s | 3.2% | 2.7% | 4.5% | 10 |
| 2020s | 2.5% | -2.9% | 6.4% | 5 |
Countries ranked near World
- 16 Aruba 6.8% compare
- 17 Malta 6.8% compare
- 18 Togo 6.5% compare
- 19 Uzbekistan 6.5% compare
- 20 India 6.5% compare
- 21 Mauritania 6.3% compare
- 22 Turkmenistan 6.3% compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- SDRs holdings, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0076 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 110.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0002 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 80.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.2 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0052 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in World?
- Annual gdp growth in World was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in World?
- The highest recorded value was 6.4% in 2021.
- What is the lowest annual gdp growth recorded in World?
- The lowest recorded value was -2.9% in 2020.
- How does World rank for annual gdp growth?
- World ranks 19th out of 36 groups with data for 2024.
- Is annual gdp growth rising or falling in World?
- Over the last ten years it is down 8.5%. The long-run trend across the full record is volatile.
- Where does this World 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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