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   Last year China grew by 7.4% in real terms, United States economy has shown about 2.2% growth (october IMF estimate), European Union - about 1.4%. Who will be the leader in the next year and the mid-term horizon? Are current growth rates sufficient for countries to keep their share of world GDP (check the US and China on the line chart, for example)? Who gonna be a winner and who is gonna lose in the global competition? How different growth rates of economies are changing the global landscape?

See the charts, animations and note how flexible Knoema can be with its ability to compute derived variables & growth rates from raw data.

(all numbers from International Monetary Fund World Economic Outlook dataset)

World in 2020 Try now

World in 2020

Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.

Aperçu des données en lien

GDP by Country | Statistics from IMF, 1980-2021

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World GDP Ranking 2016 | Data and Charts | Forecast

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US GDP Growth Forecast 2015-2019 and up to 2060 | Data and Charts

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GDP by Country | Statistics from the World Bank, 1960-2015

GDP is the single most commonly referenced figure to cover the entirety of a national economy and its trajectory in a single statistic. Measured on the basis of purchasing power parities (PPP), GDP can be used for comparisons among peer countries. Using purchasing power parity with GDP involves a decrease of bias in economy estimation as PPP takes into account the relative cost of local goods, services and inflation rates of the country. Looking at the GDP figures from historic perspective allows understanding on what phase is the economy of a country at the moment. The data on GDP from the World Bank covers the period for the last half of...