Gross Domestic Product — Value US$, annual growth rate in World
World: Gross Domestic Product — Value US$, annual growth rate was 5.18 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in World, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in World is 5.18 % change on previous year, measured in 2024.
Compared with earlier readings it is up 21.1% on the previous year and up 105.0% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in World peaked at 21.44 % change on previous year in 1973 and was at its lowest, -5.53 % change on previous year, in 2015.
That places World 16th out of 30 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in World, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.1 % change on previous year | — |
| 1972 | 14.75 % change on previous year | +46.0% |
| 1973 | 21.44 % change on previous year | +45.3% |
| 1974 | 13.2 % change on previous year | -38.4% |
| 1975 | 11.49 % change on previous year | -12.9% |
| 1976 | 8.26 % change on previous year | -28.2% |
| 1977 | 12.49 % change on previous year | +51.2% |
| 1978 | 11.03 % change on previous year | -11.7% |
| 1979 | 15.07 % change on previous year | +36.7% |
| 1980 | 11.57 % change on previous year | -23.2% |
| 1981 | 2.17 % change on previous year | -81.3% |
| 1982 | -0.7684 % change on previous year | -135.5% |
| 1983 | 2.51 % change on previous year | -426.2% |
| 1984 | 2.83 % change on previous year | +12.7% |
| 1985 | 2.67 % change on previous year | -5.4% |
| 1986 | 15.27 % change on previous year | +471.1% |
| 1987 | 13.02 % change on previous year | -14.7% |
| 1988 | 11.85 % change on previous year | -9.0% |
| 1989 | 4.45 % change on previous year | -62.4% |
| 1990 | 11.23 % change on previous year | +152.1% |
| 1991 | 4.89 % change on previous year | -56.5% |
| 1992 | 6.92 % change on previous year | +41.6% |
| 1993 | 1.89 % change on previous year | -72.7% |
| 1994 | 6.65 % change on previous year | +251.8% |
| 1995 | 10.9 % change on previous year | +63.9% |
| 1996 | 2.14 % change on previous year | -80.4% |
| 1997 | -0.5021 % change on previous year | -123.5% |
| 1998 | -0.5288 % change on previous year | +5.3% |
| 1999 | 3.88 % change on previous year | -834.1% |
| 2000 | 2.93 % change on previous year | -24.6% |
| 2001 | -0.4683 % change on previous year | -116.0% |
| 2002 | 4.03 % change on previous year | -961.1% |
| 2003 | 12.26 % change on previous year | +204.0% |
| 2004 | 12.61 % change on previous year | +2.9% |
| 2005 | 8.36 % change on previous year | -33.7% |
| 2006 | 8.41 % change on previous year | +0.6% |
| 2007 | 12.83 % change on previous year | +52.6% |
| 2008 | 9.84 % change on previous year | -23.3% |
| 2009 | -5.14 % change on previous year | -152.2% |
| 2010 | 9.49 % change on previous year | -284.8% |
| 2011 | 11.25 % change on previous year | +18.5% |
| 2012 | 2.07 % change on previous year | -81.6% |
| 2013 | 2.88 % change on previous year | +39.3% |
| 2014 | 2.53 % change on previous year | -12.2% |
| 2015 | -5.53 % change on previous year | -318.5% |
| 2016 | 1.66 % change on previous year | -130.1% |
| 2017 | 6.4 % change on previous year | +285.3% |
| 2018 | 6.14 % change on previous year | -4.0% |
| 2019 | 1.37 % change on previous year | -77.7% |
| 2020 | -2.61 % change on previous year | -290.7% |
| 2021 | 14.13 % change on previous year | -641.8% |
| 2022 | 3.83 % change on previous year | -72.9% |
| 2023 | 4.28 % change on previous year | +11.7% |
| 2024 | 5.18 % change on previous year | +21.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate 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 |
|---|---|---|---|
| 2002 | +961.1% | -0.4683 % change on previous year | 4.03 % change on previous year |
| 1999 | +834.1% | -0.5288 % change on previous year | 3.88 % change on previous year |
| 2021 | +641.8% | -2.61 % change on previous year | 14.13 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.09 % change on previous year | 8.26 % change on previous year | 21.44 % change on previous year | 9 |
| 1980s | 6.56 % change on previous year | -0.7684 % change on previous year | 15.27 % change on previous year | 10 |
| 1990s | 4.75 % change on previous year | -0.5288 % change on previous year | 11.23 % change on previous year | 10 |
| 2000s | 6.57 % change on previous year | -5.14 % change on previous year | 12.83 % change on previous year | 10 |
| 2010s | 3.83 % change on previous year | -5.53 % change on previous year | 11.25 % change on previous year | 10 |
| 2020s | 4.96 % change on previous year | -2.61 % change on previous year | 14.13 % change on previous year | 5 |
Countries ranked near World
- 13 Niger 17 % change on previous year compare
- 14 Mongolia 16.04 % change on previous year compare
- 15 Tajikistan 16.01 % change on previous year compare
- 16 Albania 15.38 % change on previous year compare
- 17 Kenya 15.24 % change on previous year compare
- 18 Sao Tome and Principe 15.18 % change on previous year compare
- 19 Kyrgyzstan 15.13 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in World?
- Gross domestic product — value us$, annual growth rate in World was 5.18 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in World?
- The highest recorded value was 21.44 % change on previous year in 1973.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in World?
- The lowest recorded value was -5.53 % change on previous year in 2015.
- How does World rank for gross domestic product — value us$, annual growth rate?
- World ranks 16th out of 30 groups with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in World?
- Over the last ten years it is up 105.0%. The long-run trend across the full record is volatile.
- Where does this World data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.