x(1125).png?164893518 "Economy: Global GDP, by year"){kind=logo}
| Year | GDP, in billion USD |
|---|---|
| 2028 | 133,782.89 |
| 2027 | 127,499.67 |
| 2026 | 121,580.99 |
| 2025 | 115,598.84 |
| 2024 | 109,734.27 |
| 2023 | 104,476.43 |
| 2022 | 100,135.36 |
| 2021 | 96,487.67 |
| 2020 | 84,960.90 |
| 2019 | 87,325.54 |
| 2018 | 86,095.66 |
| 2017 | 81,088.95 |
| 2016 | 76,265.41 |
| 2015 | 75,011.41 |
| 2014 | 79,500.78 |
| 2013 | 77,439.70 |
| 2012 | 75,277.89 |
| 2011 | 73,828.89 |
| 2010 | 66,542.41 |
| 2009 | 60,820.73 |
| 2008 | 64,226.14 |
| 2007 | 58,516.95 |
| 2006 | 51,832.94 |
| 2005 | 47,868.24 |
| 2004 | 44,190.89 |
| 2003 | 39,261.87 |
| 2002 | 34,969.16 |
| 2001 | 33,857.25 |
| 2000 | 34,103.07 |
| 1999 | 33,008.74 |
| 1998 | 31,881.27 |
| 1997 | 32,029.53 |
| 1996 | 32,113.07 |
| 1995 | 31,243.75 |
| 1994 | 28,026.54 |
| 1993 | 26,075.73 |
| 1992 | 25,351.64 |
| 1991 | 23,667.70 |
| 1990 | 22,643.04 |
| 1989 | 20,154.50 |
| 1988 | 19,156.08 |
| 1987 | 17,032.79 |
| 1986 | 14,793.16 |
| 1985 | 12,553.73 |
- Source: IMF - Global GDP
- Region: Worldwide
- Time period: 1985 to 2022
- Published: Oct 2023
Data Analysis and Insights
GDP Growth from 1985 to 2028
Global GDP has seen an increase from $12,553.73 billion in 1985 to an estimated $133,782.89 billion in 2028, indicating a substantial growth over the period.Highest Annual Growth Rate
The highest annual growth rate occurred between 2027 and 2028, with GDP rising from $127,499.67 billion to $133,782.89 billion, a growth of approximately 4.93%.Impact of the 2008 Financial Crisis
GDP decreased from $64,226.14 billion in 2008 to $60,820.73 billion in 2009, highlighting the impact of the 2008 financial crisis with a reduction of about 5.3%.Recovery and Expansion Post-2009
Following the 2009 dip, GDP consistently increased every year, from $60,820.73 billion in 2009 to $133,782.89 billion in 2028, showcasing a strong recovery and expansion phase.Decade of Significant Growth: 2010s
The 2010s witnessed a remarkable growth, with GDP climbing from $66,542.41 billion in 2010 to $109,734.27 billion in 2024, before the data set ends, evidencing robust economic expansion.Analysis of Early 2000s Growth
The early 2000s saw a steady increase in GDP, moving from $33,857.25 billion in 2001 to $47,868.24 billion in 2005, reflecting the economic growth post the dot-com bubble burst.Acceleration in the Late 2010s
An acceleration in GDP growth is observed in the late 2010s, with a rise from $81,088.95 billion in 2017 to $109,734.27 billion in 2024, indicating a period of heightened economic activity.Comparison of Two Decades: 1990s vs. 2010s
Comparing the 1990s to the 2010s, GDP grew from $22,643.04 billion in 1990 to $33,857.25 billion in 2000, and from $66,542.41 billion in 2010 to an estimated $133,782.89 billion in 2028, showing faster growth in the 2010s.Long-term GDP Growth Trend
A long-term upward trend in GDP is evident from $12,553.73 billion in 1985 to $133,782.89 billion in 2028, showcasing global economic resilience and growth over four decades.Frequently Asked Questions
What was the highest annual growth rate and when did it occur?
What was the impact of the 2008 financial crisis on Global GDP?
The 2008 financial crisis led to a decrease in GDP from $64,226.14 billion in 2008 to $60,820.73 billion in 2009, a reduction of about 5.3%.
How significant was the GDP growth in the decade of 2010s?
The 2010s witnessed remarkable growth, with GDP climbing from $66,542.41 billion in 2010 to $109,734.27 billion in 2024.
How did the GDP growth in the 2010s compare to the 1990s?
GDP growth in the 2010s was faster, growing from $66,542.41 billion in 2010 to an estimated $133,782.89 billion in 2028, compared to a rise from $22,643.04 billion in 1990 to $33,857.25 billion in 2000 in the 1990s.
Terms and Definitions
Gross Domestic Product (GDP) is a universal measure of a nation's overall economic activity. It represents the monetary value of all finished goods and services produced within a country's borders in a specific time period.
Nominal GDP is a gross domestic product (GDP) figure that has not been adjusted for inflation. As such, it includes all of the changes in market prices that have occurred during the current year due to inflation or deflation.
Real GDP is an inflation-adjusted measure that reflects the monetary value of all finished goods and services produced by an economy in a given year, evaluated at base year market prices. It is perceived as a more precise gauge than nominal GDP as it accounts for price changes.
GDP per capita is a measure of the GDP per person in a country's entire population. It is used to represent the living standard or economic well-being of the people in a country.
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a basket of goods approach. It tries to ascertain the relative values of two currencies by comparing cost of goods or services, providing an understanding of a country's buying power in the global context.
Economic indicators are statistics that show the state of economic health of a country. They can include measures such as GDP, employment rates, and inflation rates, and are used by analysts and policymakers to assess a country's economic health or to compare to other countries.
The global economy refers to the interconnected marketplace encompassing all economies of the world. It's a system of trade and industry around the globe that has emerged as economies have become more interdependent due to globalization.
Global GDP refers to the total GDP of all the countries in the world. It is used as a reference point for comparing the size and health of individual economies, and to measure the economic activity of the entire planet.
Economic growth refers to an increase in a country's capacity to produce goods and services. It is usually measured by the rate of change in real GDP. A positive growth rate indicates that the economy is expanding, while a negative growth rate indicates contraction.
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