In this dashboard, we integrate the most recent medium and long-term forecasts of key economic indicators for G20 countries from major international organizations, namely, the World Bank, IMF, United Nations, OECD, European Commission and the Economist Intelligence Unit. The data presented cover projections of real GDP growth, characterizing each country's output of final goods and services; consumer price inflation, as a measure of price level movements; unemployment rate, or percent of those willing and able to work but cannot find it; current account balance, providing an idea of a country's position in the international exchange; and, government debt, showing the relative value of government liabilities, which could affect a country's stability and confidence level.
Analysis based on such cross-sectional data gives comprehensive picture of a country's performance in the "open-economy" conditions, which is becoming even more comprehensive with the usage of a diverse collection of information sources. Each provider of forecasts makes its projections based on different assumptions concerning fiscal and monetary policies of the countries under review, interest and exchange rates, oil and non-oil commodity prices and so on. Taking all these factors into consideration could well help to build on even more robust future projections.
For analysis of other G20 economies, select a country page:
Or, select an economic indicator:
Access and compare forecasts for more than 50 indicators related to countries' macroeconomic conditions. Or, use our Forecast Accuracy Tracking Tool™ to assess the historic quality of forecasts from international institutions.
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As per data from the World Bank, global GDP in current prices totaled around $75.9 trillion in 2016. In 2017, world GDP is forecasted to expand to $79.9 trillion according to IMF’s forecast. GDP ranking by country in 2017 presented on this page shows the extent to which different countries contribute to the world’s economy. Top 5 countries by GDP in 2017 are the United States, China, Japan, Germany, and the United Kingdom which are the largest economies in the world constituting more than a half of the Gross World Product (GWP). In the ranking by real GDP, the same countries hold the top spot. In 2017, United States is in the first...
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...