The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.

21/05/2016 - It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress. Adrian Blundell-Wignall gives a preview of what’s in the 2016 edition of the OECD Business and Finance Outlook.

The Gross Domestic Product (GDP) in Bulgaria expanded 3.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Bulgaria averaged 3.01 percent from 1996 until 2019, reaching an all time high of 17.20 percent in the first quarter of 1998 and a record low of -14 percent in the third quarter of 1996. In Bulgaria, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (17 percent). Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ireland expanded 6.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Ireland averaged 5.74 percent from 1996 until 2019, reaching an all time high of 29.20 percent in the first quarter of 2015 and a record low of -10.40 percent in the fourth quarter of 2008. From 1995 to 2007, Irish economy was growing rapidly averaging 6 percent a year, benefiting from a rise in consumer spending, construction, and business investment. However in 2008, as a result of a crash in real estate market, economic activity dropped sharply and the country entered into a recession for the first time in more than a decade. After series of economic reforms aiming at reducing budget deficit and government debt, the GDP started to expand from Q3 of 2010 and after three quarters of contraction in 2012, it has gained the status of fastest growing economy in the Euro Area. . This page provides - Ireland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Poland expanded 3.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Poland averaged 4.19 percent from 1995 until 2019, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0.10 percent in the first quarter of 2013. Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (18 percent). Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Maldives expanded 5.70 percent in 2019 from the previous year. GDP Annual Growth Rate in Maldives averaged 6.22 percent from 1997 until 2019, reaching an all time high of 19.60 percent in 2006 and a record low of -8.70 percent in 2005. Maldives is a small island nation, having 90 percent of its territory covered in water. Tourism, fishing and shipping are the most important sectors of the economy. Tourism accounts for more than 30 percent of GDP and over 60 percent of foreign currency earnings. Yet, fishing is the country’s largest employer. The government controls a large part of the economy and 90 percent of its revenue comes from tourism and trade tariffs. Following the ousting of President Nasheed, foreign direct investment has declined due to uncertainty surrounding the country’s political future. This page provides - Maldives GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Afghanistan expanded 2.90 percent in 2019 from the previous year. GDP Annual Growth Rate in Afghanistan averaged 6.12 percent from 2007 until 2019, reaching an all time high of 17.20 percent in 2009 and a record low of -1.80 percent in 2015. Afghanistan is one of the poorest and least developed countries in the world. Since the collapse of the Taliban government and the NATO led invasion in 2001, the economy has been steadily growing due to the influx of foreign aid and investments. However, security threats, the lack of infrastructure and endemic corruption have been hampering economic activity. Agriculture (23 percent of GDP) is the most important sector of the economy, as the majority of the population is dependent on crops. The industrial sector accounts for 21 percent of total GDP, mostly due to manufacturing (11 percent) and construction (9.2 percent). The resurgence of the public sector has led to growth in services, which now account for around 52 percent of GDP. The services sector main segments are transport, storage & communication (24 percent); government services (12.5 percent) and wholesale & retail trade (6.3 percent). This page provides - Afghanistan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Poland increased by 0.30 in March of 2020. Employment Change in Poland averaged 2.11 percent from 2006 until 2020, reaching an all time high of 5.80 percent in January of 2008 and a record low of -2.40 percent in September of 2009. In Poland, employment growth refers to the annual change of employment in the enterprise sector, which concerns units employing more than 9 persons and conducting economic activity within the scope of the following areas: forestry and logging; marine fishing; mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities; construction; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; information and communication; real estate activities; legal and accounting activities; activities of head offices; management consultancy activities; architectural and engineering activities; technical testing and analysis; advertising and market research; other professional, scientific and technical activities; administrative and support service activities; arts, entertainment and recreation; repair of computers and personal and household goods; other personal service activities. This page provides - Poland Employment Growth YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Croatia expanded 2.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Croatia averaged 1.93 percent from 1998 until 2019, reaching an all time high of 6.60 percent in the second quarter of 2003 and a record low of -8.60 percent in the first quarter of 2009. Croatia joined the European Union in 2013, following a decade-long application process. Croatia's main industries are tourism, ICT, automotive, food, pharmaceutical, logistics, metal and textile. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 44 percent, adding 2 percent of total GDP. This page provides - Croatia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Czech Republic expanded 1.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Czech Republic averaged 2.51 percent from 1997 until 2019, reaching an all time high of 7.30 percent in the second quarter of 2006 and a record low of -5.60 percent in the second quarter of 2009. In Czech Republic, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP. This page provides the latest reported value for - Czech Republic GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Growth Annualized in Israel increased to 4.60 percent in the fourth quarter of 2019 from 4 percent in the third quarter of 2019. GDP Growth Annualized in Israel averaged 3.81 percent from 1995 until 2019, reaching an all time high of 18.10 percent in the second quarter of 1999 and a record low of -4.20 percent in the first quarter of 2001. GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year. This page provides the latest reported value for - Israel GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Macedonia expanded 3.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia averaged 2.76 percent from 2001 until 2019, reaching an all time high of 10.70 percent in the second quarter of 2005 and a record low of -12.70 percent in the third quarter of 2001. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Mozambique expanded 2 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Mozambique averaged 5.78 percent from 2000 until 2019, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -2.50 percent in the fourth quarter of 2002. The most important sector of Mozambican economy is services and accounts for 49 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles (12 percent); education (8 percent) and transport (7 percent). Industry constitutes 27 percent with mining and quarrying representing 11 percent as the country has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite and gemstones) with aluminum being the most important exported product. Manufacturing accounts for 10 percent and construction for 3 percent. Agriculture, hunting, forestry and fishing creates 24 percent of the wealth with prawns, cotton, cashew nuts, sugar, citrus, copra, coconuts, and timber being the most important crops. On the expenditure side, household consumption is the main component of GDP and accounts for 67 percent of its total use, followed by government expenditure (26 percent) and gross fixed capital formation (25 percent). Exports of goods and services account for 41 percent of GDP while imports account for 73 percent, subtracting 32 percent of total GDP. This page provides the latest reported value for - Mozambique GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Slovenia expanded 1.70 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Slovenia averaged 2.72 percent from 1996 until 2019, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -9.90 percent in the second quarter of 2009. On the expenditure side, household expenditure is the main component of Slovenia's GDP and accounts for 53 percent of its total use, followed by gross fixed capital formation (20 percent) and government consumption (19 percent). Exports of goods and services account for 77 percent of GDP while imports account for 69 percent, adding 8 percent of total GDP. . This page provides - Slovenia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cameroon expanded 2.70 percent in the first quarter of 2018 over the previous quarter. GDP Growth Rate in Cameroon averaged 1.04 percent from 2010 until 2018, reaching an all time high of 2.90 percent in the first quarter of 2013 and a record low of -1.60 percent in the fourth quarter of 2015. Cameroon is a commodity dependent economy with oil accounting for over 50 percent of total exports. Yet, agriculture employs more than 50 percent of its workforce. This page provides the latest reported value for - Cameroon GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Cuba expanded 2.20 percent in 2018 from the previous year. GDP Annual Growth Rate in Cuba averaged 2.10 percent from 1990 until 2018, reaching an all time high of 12.10 percent in 2006 and a record low of -14.90 percent in 1993. Cuba, the most populous country in the Caribbean, is one of the last communist regimes in the world. The government controls the economy and employs more than 80 percent of the working force. While the most important sector of the economy is services (around 75 percent of GDP), mining, oil production, remittances and tourism are crucial in supporting state revenue. Since the US has maintained a trade embargo against Cuba for over 50 years, growth prospects remain weak. Yet inthe last few years, in order to boost the economy, the government has initiated some market reforms like allowing setting up small businesses and property ownership. This page provides - Cuba GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Portugal increased 3.30 percent in November of 2019 over the same month in the previous year. Wage Growth in Portugal averaged 0.17 percent from 2006 until 2019, reaching an all time high of 8.50 percent in November of 2018 and a record low of -10.10 percent in November of 2012. In Portugal, wage growth in the service sector refers to the annual change of the index of gross wages and salaries in services. The service sector contributes to 77 percent of gross value added and employs about 68 percent of the population. This page provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Macedonia increased 5.50 percent in December of 2019 over the same month in the previous year. Wage Growth in Macedonia averaged 2.02 percent from 2008 until 2019, reaching an all time high of 19.60 percent in June of 2009 and a record low of -4.50 percent in May of 2011. This page provides - Macedonia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Switzerland increased 0.50 percent in September of 2019 over the same month in the previous year. Wage Growth in Switzerland averaged 1.51 percent from 1991 until 2019, reaching an all time high of 7.80 percent in the second quarter of 1991 and a record low of 0.10 percent in the first quarter of 2017. This page provides - Switzerland Nominal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Czech Republic increased 3.60 percent in December of 2019 over the same month in the previous year. Wage Growth in Czech Republic averaged 2.97 percent from 2001 until 2019, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -3.10 percent in the fourth quarter of 2013. In Czech Republic, Real Wage Growth measures the year-on-year change in average gross monthly wage per full-time equivalent employee adjusted for inflation. This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages In the Euro Area increased 2.30 percent in December of 2019 over the same month in the previous year. Wage Growth in the Euro Area averaged 1.88 percent from 2009 until 2019, reaching an all time high of 3.40 percent in the second quarter of 2009 and a record low of 0.80 percent in the third quarter of 2010. In the Euro Area, wage growth refers to the change in the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including home workers), in return for work done during the accounting period, regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly. This page provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Germany increased 0.70 percent in December of 2019 over the same month in the previous year. Wage Growth in Germany averaged 0.45 percent from 1992 until 2019, reaching an all time high of 6 percent in the third quarter of 1992 and a record low of -2.70 percent in the third quarter of 1997. This page provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Cyprus increased 2.90 percent in December of 2019 over the same month in the previous year. Wage Growth in Cyprus averaged 1.93 percent from 2004 until 2019, reaching an all time high of 7.10 percent in the third quarter of 2008 and a record low of -3.40 percent in the fourth quarter of 2013. In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Slovenia increased 4.97 percent in February of 2020 over the same month in the previous year. Wage Growth in Slovenia averaged 3.07 percent from 2006 until 2020, reaching an all time high of 11.21 percent in September of 2008 and a record low of -2.42 percent in November of 2012. This page provides - Slovenia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Poland increased 6.30 percent in March of 2020 over the same month in the previous year. Wage Growth in Poland averaged 5.33 percent from 2006 until 2020, reaching an all time high of 13.16 percent in February of 2008 and a record low of 0.38 percent in January of 2013. In Poland, Corporate Sector Wages measures year over year change in average monthly gross wage in the enterprise sector. This page provides - Poland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in France increased 0.20 percent in December of 2019 over the same month in the previous year. Wage Growth in France averaged 0.51 percent from 1999 until 2019, reaching an all time high of 1 percent in the first quarter of 2001 and a record low of 0.10 percent in the fourth quarter of 2014. In France, wage growth refers to the quarterly change of the monthly earnings in all sectors excluding agriculture. This page provides - France Monthly Wages Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in the United Kingdom increased 2.80 percent in February of 2020 over the same month in the previous year. Wage Growth in the United Kingdom averaged 2.88 percent from 2001 until 2020, reaching an all time high of 6.70 percent in February of 2007 and a record low of -2.70 percent in March of 2009. In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses. This page provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Romania increased 8.80 percent in February of 2020 over the same month in the previous year. Wage Growth in Romania averaged 43.18 percent from 1992 until 2020, reaching an all time high of 283.30 percent in August of 1993 and a record low of -1.90 percent in October of 2010. In Romania, wage growth refers to year over year changes in gross average monthly earnings. This page provides - Romania Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Russia increased 5.70 percent in February of 2020 over the same month in the previous year. Wage Growth in Russia averaged 5.63 percent from 1998 until 2020, reaching an all time high of 27.20 percent in December of 2001 and a record low of -41.40 percent in January of 1999. In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation. This page provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in the United States decreased 0.78 percent in March of 2020 over the same month in the previous year. Wage Growth in the United States averaged 6.17 percent from 1960 until 2020, reaching an all time high of 13.78 percent in January of 1979 and a record low of -5.88 percent in March of 2009. In the United States, wage growth refers to the yearly change in wages and salaries disbursements from government, manufacturing and service industries. . This page provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Argentina increased 4.62 percent in February of 2020 over the same month in the previous year. Wage Growth in Argentina averaged 2.60 percent from 2015 until 2020, reaching an all time high of 8.54 percent in January of 2020 and a record low of 0.74 percent in December of 2017. In Argentina, salary is defined as reward for working month for realization the tasks corresponding with the position, independent from particular conditions of the worker who carried out those tasks. This page provides - Argentina Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Malaysia expanded 3.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Malaysia averaged 4.77 percent from 2000 until 2019, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009. Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Netherlands increased 2.81 percent in April of 2020 over the same month in the previous year. Wage Growth in Netherlands averaged 2.21 percent from 1991 until 2020, reaching an all time high of 4.71 percent in June of 2001 and a record low of 0.44 percent in May of 2005. This page provides - Netherlands Hourly Wage Growth YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Iran expanded 1.80 percent in the second quarter of 2018 over the same quarter of the previous year. GDP Annual Growth Rate in Iran averaged 4.53 percent from 1963 until 2018, reaching an all time high of 23.01 percent in the second quarter of 1992 and a record low of -12.54 percent in the fourth quarter of 1979. Iran has a fairy diversified economy. Although the country is one of the world’s major oil producers, the oil sector accounts only for 23 percent of GDP. The largest contributor to the GDP is services (around 50 percent of total output). Within services, the most important are real estate and specialized and professional services (14 percent of GDP); trade, restaurants and hotels (12 percent of GDP) and public services (10 percent of GDP). Manufacturing and mining constitute 20 percent of GDP and agriculture 10 percent. This page provides - Iran GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Mongolia expanded 6.10 percent in the first quarter of 2018 over the previous quarter. GDP Growth Rate in Mongolia averaged 5.45 percent from 1991 until 2018, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992. Mongolia is a transition economy in Central Asia. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Mongolia's economy is centered on mining and livestock agriculture. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. Mongolia is the world's biggest producer of cashmere. This page provides - Mongolia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Mongolia expanded 5.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia averaged 5.63 percent from 1991 until 2019, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992. Mongolia's services sector is the biggest and accounts for 43 percent of GDP. Industry has been expanding heavily in the past few years, contributing the most to economic growth and accounting for 34 percent of total output. Finally, agriculture makes up for 13 percent of total GDP. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Georgia expanded 5.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Georgia averaged 5.41 percent from 2004 until 2019, reaching an all time high of 13.90 percent in the third quarter of 2007 and a record low of -8.70 percent in the second quarter of 2009. The most important sector of Georgian economy is services and accounts for 69 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods (17 percent); public administration (8 percent); transport (8 percent) and real estate, renting and business activities (7 percent). Industry constitutes 23 percent with manufacturing (10 percent) and construction (9 percent). Agriculture, hunting, forestry and fishing create 8 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (30 percent) and government expenditure (17 percent). Exports of goods and services account for 50 percent of GDP while imports account for 62 percent, subtracting 12 percent of total GDP. This page provides - Georgia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Bolivia expanded 2.34 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Bolivia averaged 4.13 percent from 1991 until 2019, reaching an all time high of 8.07 percent in the third quarter of 1994 and a record low of -0.89 percent in the second quarter of 1999. The biggest sector of Bolivia´s economy is services. Financing, insurance, real estate and business services; transport, communication and warehousing; trade, restaurants and hotels and community, social, personal, household and government services account for 50 percent of the GDP. Manufacturing creates 18 percent of the wealth and agriculture, forestry, fishing and hunting 13 percent. Mining and quarrying constitute 13 percent of the output and construction and water, electricity and gas distribution account for the remaining 6 percent of GDP. This page provides - Bolivia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Madagascar expanded 5.20 percent in 2019 from the previous year. GDP Annual Growth Rate in Madagascar averaged 2.10 percent from 1961 until 2019, reaching an all time high of 9.85 percent in 1979 and a record low of -12.70 percent in 2002. Madagascar is one of the poorest countries in the world with over 70 percent of population living below the poverty line. Madagascar’s economy depends on agriculture (shrimps, spices, coffee, cacao, cotton, tobacco are the most important products), ecotourism and mining (graphite, chromie). After years of stable growth, the country faced a military coup in 2009. As a result, the economic activity slowed down substantially, tourism revenues dropped and financial aid for the country was halted. Yet, as democracy and order return to Madagascar, tourism and foreign direct investments are recovering and increasing expectations of fast recovery. This page provides - Madagascar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Canada expanded 1.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Canada averaged 3.13 percent from 1962 until 2019, reaching an all time high of 9.30 percent in the first quarter of 1962 and a record low of -4.10 percent in the fourth quarter of 1982. In Canada, services account for more than 70 percent of GDP. Within services the most important are: finance, insurance, real estate, rental and leasing and management of companies and enterprises (21 percent of total GDP); retail and wholesale trade (12 percent), health (8 percent) and public administration (6 percent). Manufacturing accounts for 13 percent of the output and construction for 6 percent. Mining and oil and gas extraction constitute only 4 percent of GDP, yet Canada is a net exporter of energy. Finally, agriculture, forestry, fishing and hunting account for 2 percent of output. On the expenditure side, household consumption is the main component of GDP and accounts for 58 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (19 percent). Exports of goods and services account for 32 percent of GDP while imports account for 33 percent, subtracting 1 percent of total GDP. Non-profit institutions serving households' final consumption expenditure and investment in inventories account for the remaining 2 percent. This page provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Gabon expanded 3.40 percent in 2019 from the previous year. GDP Annual Growth Rate in Gabon averaged 2.32 percent from 1994 until 2019, reaching an all time high of 5.90 percent in 2005 and a record low of -11.30 percent in 1999. Gabon is one of the most developed countries in sub-Saharan Africa. Abundance of natural resources such as oil and timber sustain Gabon’s economy. However, mismanagement and corruption result in inequality in wealth distribution. In recent years, investments have been undertaken in agriculture and tourism in order to diversify Gabon’s economy. This page provides - Gabon GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Somalia expanded 2.90 percent in 2019 from the previous year. GDP Annual Growth Rate in Somalia averaged 1.62 percent from 1961 until 2019, reaching an all time high of 14.88 percent in 1972 and a record low of -21 percent in 1994. Somalia is one of the poorest and least safe countries in the world. In 1991, a military coup triggered an ethnic-motivated civil. And only in recent months, Somali government forces with support of the African Union have been regaining control of country. Since for a long time Somalia did not have an effective central government and security, the country lacks basic infrastructure and social net. Crime rates are high, famines are common and many of its citizens are displaced. As such, Somalia’s economy is dependent on foreign aid, remittances and livestock. It is expected that with recently elected government, stability will return and the economy will substantially recover. This page provides - Somalia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in South Sudan expanded 5.80 percent in 2019 from the previous year. GDP Annual Growth Rate in South Sudan averaged -2.23 percent from 2009 until 2019, reaching an all time high of 15.90 percent in 2014 and a record low of -46.10 percent in 2012. South Sudan, officially recognised as a country in July 2011, is the youngest nation in the world. Despite taking over about 75 percent of old Sudan’s oil reserves, it is one of the poorest regions in Africa and government revenues are still dependent on foreign aid. A majority of population relies on subsistence agriculture. Lack of basic infrastructure such as paved roads, electricity and water supply is a major setback to the country’s development. After an unusually peaceful independence process, the relationship with Sudan has been tense. Pending agreements on border lines, oil revenue share, ethnic rivalries and weak government influence may hamper South Sudan’s future. This page provides the latest reported value for - South Sudan GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Singapore contracted 2.20 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Singapore averaged 6.41 percent from 1976 until 2020, reaching an all time high of 18.60 percent in the second quarter of 2010 and a record low of -7.70 percent in the first quarter of 2009. In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Argentina contracted 1.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 2.21 percent from 1994 until 2019, reaching an all time high of 16.20 percent in the second quarter of 2010 and a record low of -16.30 percent in the first quarter of 2002. Argentina is the third largest economy in Latin America. The services sector is the most important and accounts for 64 percent of total GDP. The biggest segments within Services are: wholesale and retail trade and repairs (14 percent of total GDP); transport, warehousing and communications (12.2 percent); real estate (12 percent); education, health and social services (7.2 percent) and financial intermediation (7 percent). Industry constitutes 25 percent of the GDP and the largest segments within this sector are: manufacturing (16 percent of total GDP); construction (5 percent) and electricity, water and gas distribution (3 percent). The government fuels 7 percent of the GDP and the agriculture and fishing sector accounts for the remaining 4 percent of GDP. This page provides the latest reported value for - Argentina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Namibia expanded 1.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Namibia averaged 3.80 percent from 1990 until 2019, reaching an all time high of 21 percent in the third quarter of 2004 and a record low of -6.10 percent in the first quarter of 2009. Namibia is a small and relatively open economy that is rich in mineral resources. Services account for around 60 percent of GDP. Within services the most important are wholesale and retail trade (13 percent), public administration and defense (11 percent); education (9 percent) and real estate (8 percent). Mining and quarrying (mainly diamonds and uranium) account for 12.3 percent of the output, manufacturing for 12.3 percent and agriculture and fishing for 9 percent. This page provides the latest reported value for - Namibia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Russia expanded 2.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Russia averaged 2.93 percent from 1996 until 2019, reaching an all time high of 12.10 percent in the fourth quarter of 1999 and a record low of -11.20 percent in the second quarter of 2009. Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. On the production side, services are the biggest sector of the economy and account for 58 percent of GDP. Within services the most important segments are: wholesale and retail trade (17 percent of total GDP); and public administration, health and education (12 percent). Industry constitutes 40 percent to total output and agriculture accounts for the remaining 2 percent. This page provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Uruguay expanded 0.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Uruguay averaged 2.54 percent from 1998 until 2019, reaching an all time high of 10.50 percent in the second quarter of 2010 and a record low of -9.30 percent in the third quarter of 2002. The biggest sector of Uruguay´s economy is services. Financing, real estate, business, public and personal services, education and health; trade, repairs, restaurants and hotels and transport, communication and warehousing account for 55 percent of the GDP. Industry and mining create 26 percent of the wealth and construction and water, electricity and gas distribution 12 percent. Agriculture, hunting, forestry and fishing account for the remaining 7 percent of GDP. This page provides the latest reported value for - Uruguay GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Uganda expanded 5.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Uganda averaged 5.39 percent from 2009 until 2019, reaching an all time high of 11.70 percent in the second quarter of 2009 and a record low of -8.10 percent in the third quarter of 2014. The services sector is the most important sector of Uganda's economy and accounts for around 51 percent of total GDP. The biggest segments within services are trade & repairs (13 percent); education (8 percent); real estate (5 percent); and finance and insurance (4 percent). Agriculture, forestry & fishing account for 27 percent and the industrial sector represents around 22 percent of the GDP, mostly due to manufacturing (9 percent) and construction (8 percent). This page provides the latest reported value for - Uganda GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Mali expanded 5.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Mali averaged 4.08 percent from 1968 until 2019, reaching an all time high of 13.62 percent in the fourth quarter of 1976 and a record low of -11.36 percent in the fourth quarter of 1985. Mali is one of the poorest countries in the world. Since the beginning of 2012, the north of the country is a lawless region disputed by Al-Qaeda militias and Tuareg rebels. The government, almost deposed after the Tuareg insurrection, is currently trying to gather international support for a military intervention to regain control of the Azawad region. Mali is highly dependent on foreign assistance and remittances and most of the population rely on subsistence agriculture. Despite political and social instability, the country is expected to continue growing due to increasing agricultural and mining production in the south of the country. This page provides - Mali GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.