Gross value added at basic prices … current US annual growth rate in World
World: Gross value added at basic prices … current US annual growth rate was 3.52 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in World, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), annual growth in World is 3.52 % change on previous year, measured in 2024.
That represents a change of down 27.1% on the previous year and up 114.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in World peaked at 21.93 % change on previous year in 1973 and was at its lowest, -6.96 % change on previous year, in 2015.
World ranks 34th of 38 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current US annual growth rate in World, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.6 % change on previous year | — |
| 1972 | 15.72 % change on previous year | +48.3% |
| 1973 | 21.93 % change on previous year | +39.6% |
| 1974 | 14.63 % change on previous year | -33.3% |
| 1975 | 11.3 % change on previous year | -22.8% |
| 1976 | 8.72 % change on previous year | -22.8% |
| 1977 | 11.68 % change on previous year | +34.0% |
| 1978 | 18.39 % change on previous year | +57.4% |
| 1979 | 15.95 % change on previous year | -13.3% |
| 1980 | 12.19 % change on previous year | -23.6% |
| 1981 | 2.45 % change on previous year | -79.9% |
| 1982 | -1.38 % change on previous year | -156.4% |
| 1983 | 2.28 % change on previous year | -264.7% |
| 1984 | 3.75 % change on previous year | +64.4% |
| 1985 | 4.57 % change on previous year | +21.8% |
| 1986 | 19.06 % change on previous year | +317.4% |
| 1987 | 14.38 % change on previous year | -24.5% |
| 1988 | 12.12 % change on previous year | -15.8% |
| 1989 | 4.62 % change on previous year | -61.9% |
| 1990 | 12.03 % change on previous year | +160.4% |
| 1991 | 4.42 % change on previous year | -63.2% |
| 1992 | 6.71 % change on previous year | +51.7% |
| 1993 | 1.83 % change on previous year | -72.7% |
| 1994 | 7.03 % change on previous year | +283.6% |
| 1995 | 11.07 % change on previous year | +57.5% |
| 1996 | 1.64 % change on previous year | -85.2% |
| 1997 | 0.0568 % change on previous year | -96.5% |
| 1998 | -0.4776 % change on previous year | -940.8% |
| 1999 | 3.08 % change on previous year | -745.7% |
| 2000 | 3.33 % change on previous year | +8.0% |
| 2001 | -1.04 % change on previous year | -131.3% |
| 2002 | 3.4 % change on previous year | -425.5% |
| 2003 | 11.8 % change on previous year | +247.1% |
| 2004 | 12.12 % change on previous year | +2.8% |
| 2005 | 7.61 % change on previous year | -37.2% |
| 2006 | 7.37 % change on previous year | -3.2% |
| 2007 | 11.45 % change on previous year | +55.4% |
| 2008 | 8.55 % change on previous year | -25.4% |
| 2009 | -6.21 % change on previous year | -172.7% |
| 2010 | 8.01 % change on previous year | -229.0% |
| 2011 | 9.94 % change on previous year | +24.1% |
| 2012 | 1.1 % change on previous year | -89.0% |
| 2013 | 1.46 % change on previous year | +33.4% |
| 2014 | 1.64 % change on previous year | +12.4% |
| 2015 | -6.96 % change on previous year | -523.9% |
| 2016 | 1.68 % change on previous year | -124.1% |
| 2017 | 5.88 % change on previous year | +250.2% |
| 2018 | 5.16 % change on previous year | -12.3% |
| 2019 | 1.66 % change on previous year | -67.8% |
| 2020 | -3.73 % change on previous year | -324.4% |
| 2021 | 12.36 % change on previous year | -431.7% |
| 2022 | 3.17 % change on previous year | -74.4% |
| 2023 | 4.82 % change on previous year | +52.3% |
| 2024 | 3.52 % change on previous year | -27.1% |
Biggest year-on-year movements
Years where Gross value added at basic prices … current 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 |
|---|---|---|---|
| 1998 | -940.8% | 0.0568 % change on previous year | -0.4776 % change on previous year |
| 1999 | +745.7% | -0.4776 % change on previous year | 3.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.33 % change on previous year | 8.72 % change on previous year | 21.93 % change on previous year | 9 |
| 1980s | 7.4 % change on previous year | -1.38 % change on previous year | 19.06 % change on previous year | 10 |
| 1990s | 4.74 % change on previous year | -0.4776 % change on previous year | 12.03 % change on previous year | 10 |
| 2000s | 5.84 % change on previous year | -6.21 % change on previous year | 12.12 % change on previous year | 10 |
| 2010s | 2.96 % change on previous year | -6.96 % change on previous year | 9.94 % change on previous year | 10 |
| 2020s | 4.03 % change on previous year | -3.73 % change on previous year | 12.36 % change on previous year | 5 |
Countries ranked near World
- 31 Benin 14.34 % change on previous year compare
- 32 Tanzania 13.77 % change on previous year compare
- 33 North Macedonia 13.49 % change on previous year compare
- 34 Guinea 13.34 % change on previous year compare
- 35 Nicaragua 13.07 % change on previous year compare
- 36 Kenya 13.03 % change on previous year compare
- 37 Comoros 12.91 % 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)
- 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 gross value added at basic prices (gva) (current us$), annual growth in World?
- Gross value added at basic prices (gva) (current us$), annual growth in World was 3.52 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in World?
- The highest recorded value was 21.93 % change on previous year in 1973.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in World?
- The lowest recorded value was -6.96 % change on previous year in 2015.
- How does World rank for gross value added at basic prices (gva) (current us$), annual growth?
- World ranks 34th out of 38 groups with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in World?
- Over the last ten years it is up 114.3%. 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 value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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 value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.