During three years, global per capita income grew by over 4%, with the highest growth rate of 5.35 percent in 2021. Global GDP per capita contracted for six years, with the lowest of -3.91% in 2020. In constant 2021 prices in PPP terms, which gives the best idea about improvement in ...
Even America’s economy, which has been resilient in the face of headwinds this year, is unlikely to keep growing through an interest-rate shock as severe as the one it now faces. House prices are falling, banks are laying off staff and FedEx and Ford, two economic bellwethers, have issue...
The global economy is projected to grow by 3.23% in 2024, marginally lower than 3.33% in 2023. During three years, the world economy grew by over 6%, with the highest GDP growth rate of 6.56 percent in 1964. The lowest growth was in 2020 as GDP contracted by 2.93%. 2009 was another...
On the list of the top 50, India is the fastest-growing economy with 7.02%, followed by Vietnam (6.06%). Argentina has the lowest growth rate of -3.48 in 2024. The United States (1,6) is present in both lists of the top ten GDP and GDP per capita rankings in nominal terms. Germ...
Reeves to go ‘further and faster’ for growth after recent turmoil UK chancellor has made more muscular use of Treasury to push changes Save US foreign policy Marco Rubio demands immediate halt to virtually all US foreign aid Secretary of state freezes contracts around the world, fulfilling...
(Xinhua) -- The year 2022 has seen the world economy limping on through the shockwaves of a barrage of unknowns. And the year 2023 could be off to a fairly rough start due to the continued impact of such undesired events like the Ukraine crisis, the U.S. Federal Reserve rate hikes,...
resilience and potential of the Chinese economy, while boosting confidence in the potential for global economic growth.China will concentrate on high-quality development and high-level opening up, maintain the upward trend of its economy, and deliver more surprises to the world economy, Mao said.
China's gross domestic product (GDP) expanded at an average annual growth rate of 6.6 percent from 2013 to 2021, higher than the growth pace of 2.6 percent for the global economy and 3.7 percent for developing economies. The country's per capita GDP hit 80,976 yuan (about $11,684) last...
China's gross domestic product (GDP) expanded at an average annual growth rate of 6.6 percent from 2013 to 2021, higher than the growth pace of 2.6 percent for the global economy and 3.7 percent for developing economie...
GDP Growth: This is the annual percentage growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing. GDP Per Capita, in Current U.S. Dollars: This is nominal GDP divided by the number of people in a country. GDP per capita measu...