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Each year several influential global agencies publish their views on the economic situation in the world. We have collected end-of-year baseline forecasts of the 5 largest agencies (IMF, World Bank, OECD, UN and the European Commission) for each available country since 1998 into the one dataset.

In this page, you can observe forecasts for 2014-2017, which were made by each of those agencies in previous years, and analyze the accuracy of the forecasts from the historical perspective.

It is hard to believe, but the data clearly shows that even the near-term forecasts were not considerably better than the simplest possible forecasting technique of using actual value for the current year to forecast the next year changes. Actually, in most cases this deadly simple and straightforward "rule of thumb" performed better than the forecasts of the global authorities (see the chart at the bottom of the page). However, it would be wrong to conclude that they are completely useless. It looks like when the agency's forecast differs from the previous year actual value significantlyit really means something. For example, in the end of 2009, all five organizations have correctly predicted the large economic rebound, which could not be forecasted only on the 2009-th numbers basis.

Dive deeper in the economic forecasts with our Forecast Tracking Tool.

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

World GDP Ranking 2017 | GDP by country | Data and Charts

Global GDP is estimated to has grown by 3.11 percent in 2016 according to IMF World Economic Outlook. In 2017 world economy is continuing to slowly recover and projected to grow at modest 3.46 percent, before picking up to 3.65 percent in 2018. The recovery is driven mainly by developing economies which demonstrated the growth of 4.13 percent in 2016 and are expected to grow by 4.49 percent in 2017. At the same time, growth in advanced economies is estimated to has remained modest at 1.69 percent in 2016 and is projected to increase to 2.01 percent in 2017. The United States, the largest economy in the world accounting for 24.9 percent of...

World GDP per Capita Ranking 2017 | Data and Charts | Forecast

GDP per capita determines the level of economic development of the country: the higher the GDP per capita in a country the higher the economic wealth of its citizens. Since the beginning of the century, Luxembourg, Switzerland, and Norway have the sustainable high positions of GDPs per capita at current prices with Luxembourg being the leader. IN 2016, Luxembourg's GDP per capita has grown by 3,110 $ compared to 2015 to reach a level of approximately 100,000 US dollars. At that, the real GDP growth of Luxembourg is estimated at 3.5 percent in 2016 which is 1.3 percentage points less than in the previous year. GDP per capita based on...

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

Estimation of a country's gross domestic product shows the size of its economy but does not show how wealthy in average are individuals of that country. The economic well-being of country's citizens can be measured as country's GDP per one inhabitant, known as GDP per capita which is usually used as an indicator of the quality of life. While gross domestic product per capita is especially useful when comparing one country to another because it accounts for the size of country's population it is also useful in indicating the growth of economic well-being in a country through time. Luxembourg and Switzerland are the leaders by GDP per...

GDP by Country | Statistics from IMF, 1980-2021

The visualizations on this page provide an access to the GDP data by country from the IMF's World Economic Outlook (WEO). The table shows the data on the GDP measured in current prices as well as based on purchasing power parities (PPP). Charts at the right visualize country's GDP presented in the table to enable a visual analysis of GDP dynamics. Take a look at other GDP-related dashboards: GDP: GDP by country from the World Bank |  GDP by country from IMF | World GDP ranking | World GDP GDP per capita: GDP per capita by country from the World Bank | GDP per capita by country from IMF | World GDP per capita ranking See also: G20...