The Gross Domestic Product (GDP) in Burkina Faso expanded 3.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Burkina Faso averaged 5.78 percent from 1991 until 2019, reaching an all time high of 25.70 percent in the fourth quarter of 1994 and a record low of -2.30 percent in the fourth quarter of 1999. Burkina Faso is one of the poorest countries of the world. The most important sector of the economy is agriculture. In recent years, Burkina Faso’s economy has been stimulated by the expansion of the gold mining industry. This page provides - Burkina Faso GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Burundi expanded 3.30 percent in 2019 from the previous year. GDP Annual Growth Rate in Burundi averaged 2.77 percent from 1961 until 2019, reaching an all time high of 21.33 percent in 1970 and a record low of -13.75 percent in 1961. Burundi is one of the poorest countries in the world.The country has virtually no service or manufacture industry and over 90 percent of population rely on agriculture. As such, Burundi's economy is highly dependent on foreign aid which accounts for over 50 percent of government budget. In recent years, international organisations have been working with the government to address bureaucracy, widespread corruption, lack of security and basic infrastructure, poor education and healthcare system. As a result, Burundi has been able to attract foreign direct investments to its coffee and tea industries which are expected to drive the growth. This page provides - Burundi GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cameroon expanded 3.80 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cameroon averaged 4.32 percent from 2003 until 2019, reaching an all time high of 8.50 percent in the fourth quarter of 2013 and a record low of 0 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 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 Israel expanded 3.70 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Israel averaged 3.73 percent from 1996 until 2019, reaching an all time high of 10.60 percent in the third quarter of 2000 and a record low of -3.20 percent in the fourth quarter of 2001. Israel is the most technologically advanced and developed market economy in the Middle East. The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP. This page provides the latest reported value for - Israel 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 Ghana expanded 7.90 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Ghana averaged 6.67 percent from 2000 until 2019, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -1.60 percent in the third quarter of 2015. Services is the largest sector of the Ghanaian economy, accounting for 52 percent of the GDP. Within services, the most important sub-sectors are: transport and storage (10 percent); information and communication (9.8 percent); trade, repair of vehicles and household goods (7 percent) and financial and insurance activities; education and public administration & defense and social security (4 percent each). Also, industry accounts for 26 percent of the GDP with mining and quarrying (10 percent); construction (8 percent) and manufacturing (7 percent). Agriculture accounts for 22 percent, mainly crops (17 percent). On the expenditure side, household consumption is the main component of the GDP and accounts for 81 percent of its total use, followed by gross fixed capital formation (11 percent); government expenditure (10 percent) and changes in stocks (2 percent). Exports of goods and services account for 48 percent of GDP while imports for 52 percent, subtracting 4 percent of total GDP. This page provides the latest reported value for - Ghana 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 South Korea expanded 1.30 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea averaged 7.26 percent from 1961 until 2020, reaching an all time high of 20.80 percent in the fourth quarter of 1969 and a record low of -7.30 percent in the second quarter of 1998. South Korea’s economy became one of the most diversified and technologically advanced in the world in the last 50 years. Like in most developed countries, services account for the highest percentage of GDP (around 57 percent of GDP). Within services the most important ones are public administration (6 percent ); education (5.3 percent); information and communication (5 percent); and business activities (4.6 percent of GDP). A strong manufacturing industry which has turned South Korea into a major exporter accounts for 32 percent of GDP. This page provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Algeria expanded 0.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Algeria averaged 2.83 percent from 2001 until 2019, reaching an all time high of 6.70 percent in the fourth quarter of 2003 and a record low of -0.40 percent in the fourth quarter of 2017. Algerian economy is highly dependent on petroleum and natural gas exports. It is estimated that hydrocarbons account for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. To insulate the Algerian economy from volatility in gas & oil prices, the stabilization fund was set up in 2000, which currently have under management more than 50 billion dollars. State dominance over the economy, corruption and bureaucracy continue to hamper further development and diversification of the economy. This page provides - Algeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in the United States expanded 0.30 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in the United States averaged 3.18 percent from 1948 until 2020, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -3.90 percent in the second quarter of 2009. The United States is the world’s largest economy. Yet, in the last two decades, like in the case of many other developed nations, its growth rates have been decreasing. If in the 50’s and 60’s the average growth rate was above 4 percent, in the 70’s and 80’s dropped to around 3 percent. In the last ten years, the average rate has been below 2 percent and since the second quarter of 2000 has never reached the 5 percent level. This page provides the latest reported value for - United States 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 Mexico contracted 1.60 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.35 percent from 1994 until 2020, reaching an all time high of 9 percent in the fourth quarter of 1996 and a record low of -9.10 percent in the second quarter of 1995. Mexico is the second largest economy in Latin America. The country has an export-oriented economy: more than 90 percent of trade is under free trade agreements. In Mexico, services account for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); real estate (10 percent); transport, warehousing and communications (7 percent) and financial services and insurance (6 percent). Industry constitutes 18 percent of output and the largest segments within this sector are: automobile industry (4 percent of total GDP) and food industry (3.8 percent). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent). This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in France contracted 5.40 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in France averaged 3.11 percent from 1950 until 2020, reaching an all time high of 12.60 percent in the second quarter of 1969 and a record low of -5.40 percent in the first quarter of 2020. France is the seventh largest economy in the world and the second largest in the Euro Area. France has a large and diversified industrial and agricultural base which includes aircraft, military equipment, perfumes, pharmaceuticals, wine, beef and wheat production. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. Services are the biggest sector of the economy (79 percent of total GDP) while industry accounts for 19 percent. Agriculture contributes 2 percent to GDP, yet France is the second largest exporter of agricultural products in the world. This page provides the latest reported value for - France 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 Indonesia expanded 2.97 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Indonesia averaged 5.24 percent from 2000 until 2020, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of 1.56 percent in the fourth quarter of 2001. Indonesia is the largest economy in South East Asia. Industry accounts for the largest share of GDP (46.5 percent of total GDP). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent. Services constitute 38 percent of total GDP. Within services, the most important are: trade, hotel and restaurants (around 14 percent of GDP); transport and communication (7 percent of GDP); finance, real estate and business services (7 percent of GDP) and government services (6 percent). Agriculture accounts for the remaining 15 percent. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Lithuania expanded 3.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Lithuania averaged 4.30 percent from 1996 until 2019, reaching an all time high of 12.30 percent in the third quarter of 2007 and a record low of -15.70 percent in the second quarter of 2009. Lithuania joined the Euro Area in January 2015. The country was among the hardest hit by the global financial crisis in 2008, the GDP contracted by 14.8 percent in 2009. Since 2010, however, Lithuania has been ranked among the fastest growing economies in the European Union. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent). This page provides - Lithuania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Angola contracted 0.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Angola averaged 4.35 percent from 2000 until 2019, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -11.80 percent in the fourth quarter of 2015. Angola is Africa’s second largest oil producer. As such, oil sector accounts for about 47 percent of total GDP, 98 percent of export earnings and 75 percent of government revenues. Within the non-oil sector the biggest share goes to: wholesale and retail sales (21 percent of total output), agriculture and fishery (10 percent), construction (7.7 percent) and manufacturing (6 percent). This page provides - Angola GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Romania expanded 4.30 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Romania averaged 3.27 percent from 1996 until 2019, reaching an all time high of 12.60 percent in the fourth quarter of 2004 and a record low of -7.40 percent in the third quarter of 1997. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (14 percent). Exports of goods and services account for 41 percent of GDP and imports account for 41 percent. This page provides the latest reported value for - Romania 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 Liechtenstein expanded 4.20 percent in 2018 from the previous year. GDP Annual Growth Rate in Liechtenstein averaged 3.41 percent from 1971 until 2018, reaching an all time high of 10.41 percent in 1999 and a record low of -10.90 percent in 2009. The Principality of Liechtenstein is a small landlocked country in Western Europe known for its low tax system and high level of GDP per capita. The country is closely linked to Switzerland, sharing open borders and even a currency. Liechtenstein also has access to the European Union common market. Most people in Liechtenstein work in the services sector (around 55 percent of GDP), closely followed by the industrial and manufacturing sector (around 37 percent). In the services sector, it is largely Liechtenstein's banks and trusts that have helped the country to achieve a high standard of living. When it comes to manufacturing and industry, Liechtenstein specializes in high-tech products in the fields of machine building and food products. This page provides - Liechtenstein GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Barbados contracted 0.60 percent in 2018 from the previous year. GDP Annual Growth Rate in Barbados averaged 1.32 percent from 1975 until 2018, reaching an all time high of 7.90 percent in 1979 and a record low of -7 percent in 1992. This page provides the latest reported value for - Barbados 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 Cambodia expanded 7.50 percent in 2018 from the previous year. GDP Annual Growth Rate in Cambodia averaged 7.59 percent from 1994 until 2018, reaching an all time high of 13.30 percent in 2005 and a record low of 0.10 percent in 2009. Cambodia’s economy mostly depends on agriculture. Nevertheless, in recent years the importance of manufacturing has been growing due to establishment of export oriented textile and shoes factories. Cambodia is also taking advantage of fast developing tourism sector. More importantly, oil deposits found beneath Cambodia’s territorial waters and the prospective exploration of mineral resources (bauxite, gold, iron and gems) will likely reshape Cambodia’s economy. Currently, services are the biggest sector in the economy and account for 38 percent of total GDP. The industry sector accounts for 29 percent of GDP, and agriculture has the lowest share of 26 percent. This page provides - Cambodia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Laos expanded 6.50 percent in 2018 from the previous year. GDP Annual Growth Rate in Laos averaged 6.94 percent from 1989 until 2018, reaching an all time high of 9.90 percent in 1989 and a record low of 4 percent in 1991. Laos is one of the poorest countries in the world. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. As a result, Laos started to exploit its hydropower, precious metals and wood resources. The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly. In spite of the recent developments, the government relies extensively on foreign aid to fund its budget and infrastructure development. This page provides - Laos GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Republic of the Congo expanded 2.20 percent in 2019 from the previous year. GDP Annual Growth Rate in Republic of the Congo averaged 4.04 percent from 1961 until 2019, reaching an all time high of 23.60 percent in 1982 and a record low of -8.95 percent in 1977. The Republic of Congo is a poor country with more than half of population living below the poverty line and relying on subsistence agriculture. Republic of Congo economy is heavily dominated by the oil industry, which accounts for 90 percent of exports and is a major source of government revenues. Despite being located in one of the most volatile regions in Africa, Republic of Congo has a democratic system and peace lasting for over a decade. On-going reforms on public sector backed by the IMF are expected to bring economic stability and address the country’s main economic challenges: youth unemployment, outdated infrastructure, bureaucracy, corruption and non-diversified industrial sector. This page provides - Republic of the Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Peru expanded 1.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Peru averaged 3.42 percent from 1980 until 2019, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989. Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Bhutan expanded 3 percent in 2018 from the previous year. GDP Annual Growth Rate in Bhutan averaged 7.86 percent from 1996 until 2018, reaching an all time high of 17.90 percent in 2008 and a record low of 3 percent in 2018. The most important sectors of the Bhutanese economy are hydroelectricity, tourism and agriculture. The government has focused on the development of low volume, high quality tourism, as a way to protect the environment and mitigate the impact of disrupting influences on the domestic culture. Bhutan maintains close fiscal and trading ties with India. Electricity sales to India account for the country's largest share of foreign currency earnings. This page provides - Bhutan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Liberia contracted 0.40 percent in 2019 from the previous year. GDP Annual Growth Rate in Liberia averaged 2.64 percent from 1961 until 2019, reaching an all time high of 106.28 percent in 1997 and a record low of -51.03 percent in 1990. Liberia is one of the poorest countries in the world. Large part of the country lacks basic infrastructure such as electricity and water supply as a result of civil wars and economic mismanagement. Yet, in recent years, Liberia’s economy has been steady expanding as mining and rubber industries have been growing. More importantly, Liberia government’s efforts to fight corruption and eliminate bureaucracy seem to be succeeding as business activity and employment have increased. This page provides - Liberia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sweden expanded 0.50 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Sweden averaged 2.67 percent from 1994 until 2020, reaching an all time high of 7.70 percent in the fourth quarter of 2010 and a record low of -5.40 percent in the first quarter of 2009. Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. On the expenditure side, household consumption is the main component of GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Iceland expanded 4.70 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Iceland averaged 3.55 percent from 1995 until 2019, reaching an all time high of 13.40 percent in the first quarter of 1999 and a record low of -8.70 percent in the fourth quarter of 2009. Iceland's economy depends heavily on the fishing industry, which provides 40 percent of export earnings, more than 12 percent of GDP, and employs nearly 5 percent of the work force. Its economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. On the expenditure side, household consumption is the main component of GDP and accounts for 53 percent of its total use, followed by government expenditure (24 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 54 percent of GDP while imports account for 47 percent, adding 7 percent of total GDP. This page provides - Iceland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) In the Euro Area contracted 3.30 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in the Euro Area averaged 1.63 percent from 1995 until 2020, reaching an all time high of 5 percent in the first quarter of 1995 and a record low of -5.70 percent in the first quarter of 2009. The Euro Area is the second largest economy in the world. Of the 19 member states it includes, the biggest are: Germany (29 percent of total GDP), France (20 percent), Italy (15 percent) and Spain (10 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (20 percent). Exports of goods and services account for 47 percent of GDP while imports account for 43 percent, adding 4 percent of total GDP. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Papua New Guinea expanded 0.30 percent in 2018 from the previous year. GDP Annual Growth Rate in Papua New Guinea averaged 3.89 percent from 1995 until 2018, reaching an all time high of 12.50 percent in 2014 and a record low of -6.34 percent in 1997. Papua New Guinea, one of the poorest and most isolated countries in the world, has been growing consistently in recent years. Papua New Guinea is rich in natural resources, such as oil, gold and copper. Natural resource extraction, the most important sector of the economy, accounts for 60 percent of GDP and a large share of government revenues. Agriculture is also important, since it employs up to 85 percent of the population. Revenues from natural resource exploitation have resulted in high government spending and a construction boom. Yet, as the country suffers from endemic corruption and lacks a functioning legal system, inequality has been increasing. This page provides - Papua New Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Zimbabwe contracted 6.50 percent in 2019 from the previous year. GDP Annual Growth Rate in Zimbabwe averaged 2.71 percent from 1961 until 2019, reaching an all time high of 22.57 percent in 1970 and a record low of -17.20 percent in 2003. Zimbabwe’s economy, once one of the strongest in Africa, has one of the lowest GDP per capita in the world. Years of mismanagement and endemic corruption has completely destroyed the country. The main sources of government revenues are exports of nickel, platinum, diamond and tobacco. To make things even worst, in response to political violence and human rights abuse, Zimbabwe has been subjected to numerous sanctions. As a result, the country experienced ten consecutive years of contraction and had one of the worst cases of hyperinflation of all time which resulted in the suspension of the national currency. The current sluggish growth is expected to endure as government fails to address structural obstacles to growth such as limited capital resource and deficient infrastructure. This page provides - Zimbabwe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Trinidad and Tobago expanded 0.90 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Trinidad and Tobago averaged 2.65 percent from 1991 until 2019, reaching an all time high of 20.60 percent in the second quarter of 2003 and a record low of -11.90 percent in the third quarter of 2016. Trinidad and Tobago is one of the richest countries in the Caribbean. The most important sector of the economy is oil and gas production which accounts for around 40 percent of GDP, but employs only 5 percent of the labour force. Trinidad and Tobago is also a major producer of ammonia and methanol. In recent years, services like finance and tourism have been rapidly expanding as the government is trying to diversify the economy. Yet, corruption, poor infrastructure and drug related crime are the major obstacles to growth in the private sector and tourism. This page provides - Trinidad and Tobago GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Latvia contracted 1.40 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Latvia averaged 4.01 percent from 1996 until 2020, reaching an all time high of 15.10 percent in the first quarter of 2007 and a record low of -15.60 percent in the third quarter of 2009. In Latvia, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP. This page provides - Latvia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Macau contracted 8.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Macau averaged 8.18 percent from 2002 until 2019, reaching an all time high of 54.30 percent in the second quarter of 2004 and a record low of -24.60 percent in the second quarter of 2015. Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Thailand expanded 1.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand averaged 3.68 percent from 1994 until 2019, reaching an all time high of 15.50 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Turkmenistan expanded 6.20 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Turkmenistan averaged 6.77 percent from 1994 until 2019, reaching an all time high of 16.50 percent in the fourth quarter of 1999 and a record low of -17.30 percent in the fourth quarter of 1994. Turkmenistan, once one of the poorest and least developed former members of the Soviet Union, has been one of the fastest growing economies in recent years. The most important sector of the economy is oil and natural gas extraction, which accounts for more than 60 percent of GDP. Although agriculture accounts for only 10 percent of GDP, it employs 50 percent of the labour force. Turkmenistan is the world's largest producer of cotton per capita. While the government has recently enacted much needed reforms in agriculture and banking, reduced subsidies for fuel and is promoting tourism, it remains mostly authoritarian and in control of the economy. Furthermore, bureaucracy and corruption still hamper foreign direct investments. This page provides - Turkmenistan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Bosnia and Herzegovina expanded 1.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Bosnia and Herzegovina averaged 1.93 percent from 2004 until 2019, reaching an all time high of 6.40 percent in the third quarter of 2011 and a record low of -6.70 percent in the fourth quarter of 2009. Manufacturing and mining are important sectors of Bosnia and Herzegovina's economy and make-up the bulk of exports. Tourism is currently growing and is expected to become vital. On the expenditure side, household consumption is the main component of GDP and accounts for 81 percent of its total use, followed by government expenditure (22 percent) and gross fixed capital formation (18 percent). Exports of goods and services account for 33 percent of GDP while imports account for 55 percent, subtracting 22 percent from the GDP. This page provides the latest reported value for - Bosnia and Herzegovina 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 Finland expanded 0.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Finland averaged 2.19 percent from 1976 until 2019, reaching an all time high of 7.60 percent in the third quarter of 1979 and a record low of -9.10 percent in the first quarter of 2009. The largest sector of the Finnish economy is services at 65 percent, followed by manufacturing and refining at 31 percent. Primary production is at 3 percent. Finland’s main industrial products are paper and board, electronics and metal products. Engineering and high technology industries are the leading branches of manufacturing. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (20 percent). Exports of goods and services account for 38 percent of GDP while imports account for 39 percent, subtracting 1 percent of total GDP. This page provides - Finland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Belize contracted 2.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Belize averaged 3.47 percent from 1995 until 2019, reaching an all time high of 21.10 percent in the fourth quarter of 2000 and a record low of -8 percent in the fourth quarter of 1995. This page provides - Belize Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Costa Rica expanded 2.90 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Costa Rica averaged 4.33 percent from 1992 until 2019, reaching an all time high of 10.20 percent in the third quarter of 1992 and a record low of -2.40 percent in the first quarter of 2009. The biggest sector of Costa Rica’s economy is services, which accounts for 63 percent of GDP. Within services the most important segments are: transport, communication and warehousing (16 percent of GDP); trade, restaurants and hotels (15 percent) and community, personal and social services (9 percent). Manufacturing, mining and quarrying create 21 percent of the wealth. Agriculture, forestry and fishing contribute for 9 percent of the output and construction and water and electricity distribution for the remaining 7 percent. This page provides the latest reported value for - Costa Rica 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 Philippines contracted 0.20 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Philippines averaged 3.84 percent from 1982 until 2020, reaching an all time high of 12.40 percent in the fourth quarter of 1988 and a record low of -11.10 percent in the first quarter of 1985. Services are the biggest sector of the Filipino economy and account for 57 percent of total GDP. Within services the most important segments are: trade, repair of motor vehicles and household goods (17 percent of total GDP); real estate, renting and business activities (11 percent); transport, storage and communication (8 percent); financial services (7 percent) and public administration, defense and social security (4 percent). Industry accounts for 31 percent of GDP. Within industry, manufacturing (22 percent of total GDP) and construction (5 percent) are the most important. Agriculture contributes the remaining 12 percent of GDP. This page provides - Philippines GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Eritrea expanded 3.10 percent in 2019 from the previous year. GDP Annual Growth Rate in Eritrea averaged 4.79 percent from 1991 until 2019, reaching an all time high of 21.25 percent in 2001 and a record low of -13.12 percent in 2000. Eritrea is one of the poorest countries in the world where 80 percent of population rely on subsistence agriculture. Eritrea's economy is dependent on foreign aid (over 50 percent of population receive food aid) and remittances (accounts for 32 percent of GDP). Lack of basic infrastructure, unemployment, illiteracy and insecurity are Eritrea's main obstacles to growth. However, in recent years, the growth outlook has improved as Eritrea's extraction industries and port facilities have been able to attract foreign direct investment. This page provides - Eritrea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Libya expanded 4 percent in 2019 from the previous year. GDP Annual Growth Rate in Libya averaged 5.20 percent from 2000 until 2019, reaching an all time high of 104.37 percent in 2012 and a record low of -62.10 percent in 2011. Libya has one of the highest GDP per capita in Africa. Libya’s territory (90 percent of which is a desert) has the largest oil reserves in Africa and one of the largest in the world. As a result, Libya’s economy is highly dependent on oil production which accounts for 94 percent of government revenues. In 2011, as part of the Arab Spring, Libya went through a civil war that ousted the dictatorial regime. During the conflict oil production was disrupted which resulted in a GDP contraction of over 40 percent. Yet, it is expected that with the recovery of oil industry, the high rates of growth will be back. This page provides - Libya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Puerto Rico contracted 2.40 percent in 2017 from the previous year. GDP Annual Growth Rate in Puerto Rico averaged 3.52 percent from 1961 until 2017, reaching an all time high of 13.80 percent in 1971 and a record low of -3.80 percent in 2009. Puerto Rico is an unincorporated territory of the United States. Once one of the poorest islands in the Caribbean, now it has the highest GDP per capita in the region. Puerto Ricans are considered citizens of the United States and the territory receives funds from the federal government. The most important sector of the economy is export-driven pharmaceutical industry, followed by tourism. However, the private sector lacks the dynamism. As a result, the government is in poor fiscal condition, unemployment rate is high and the labour force participation rate extremely low. This page provides - Puerto Rico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in the United Arab Emirates expanded 1.60 percent in 2019 from the previous year. GDP Annual Growth Rate in the United Arab Emirates averaged 3.93 percent from 2000 until 2019, reaching an all time high of 9.80 percent in 2006 and a record low of -5.20 percent in 2009. The biggest sector of United Arab Emirates’ economy is services, which accounts for 40 percent of GDP. Within services the most important segments are: wholesale and retail trade and repairs (12 percent of GDP); real estate and business services (9 percent) and transport, communication and warehousing (8 percent). Oil and natural gas exploitation create 38 percent of the wealth. Construction and electricity, water and gas distribution contribute for 13 percent of the output and manufacturing for 8 percent. Agriculture, cattle ranching and fishing account for the remaining 1 percent of GDP. This page provides - United Arab Emirates GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Taiwan expanded 1.54 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Taiwan averaged 7.22 percent from 1962 until 2020, reaching an all time high of 17.26 percent in the third quarter of 1978 and a record low of -7.88 percent in the first quarter of 2009. Taiwan’s economy is export oriented. As such, manufacturing is crucial and accounts for around 31 percent of GDP. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Within services, the most important are wholesale and retail trade (17.3 percent of GDP); real estate (8 percent of GDP); and public administration and defense (6.4 percent of GDP). This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Syria expanded 1.90 percent in 2017 from the previous year. GDP Annual Growth Rate in Syria averaged 3.31 percent from 1971 until 2017, reaching an all time high of 25 percent in 1972 and a record low of -26.30 percent in 2012. The current civil war has brought Syria’s economy to a standstill as international sanctions have disrupted trade and millions of people have been displaced and are unable to work. Before the war, Syria’s economy was based on oil production, agriculture, industry and tourism. Oil production peaked during the 90s, and in 2010 accounted for 35 percent of government revenue and 25 percent of GDP. Also, due to government efforts to improve irrigation system, Syria had become a net exporter of many agricultural products. In recent years, tourism had also become major source of economic growth. This page provides - Syria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Togo expanded 5.30 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Togo averaged 4.26 percent from 1961 until 2019, reaching an all time high of 15.46 percent in the fourth quarter of 1965 and a record low of -15.10 percent in the fourth quarter of 1993. Togo is one of the poorest countries in the world. Agriculture is the most important sector of the economy: it employs 70 percent of active population and accounts for over 40 percent of GDP. In recent years, foreign direct investment has increased due to exploration of large reserves of limestone, marble and phosphate. This page provides - Togo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Moldova expanded 0.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Moldova averaged 3.24 percent from 1996 until 2019, reaching an all time high of 12.90 percent in the third quarter of 2013 and a record low of -7.40 percent in the third quarter of 1996. Household consumption is the main component of GDP in Moldova and accounts for 94 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 43 percent while imports account for 81 percent, subtracting 37 percent of total GDP. This page provides - Moldova Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Tanzania expanded 6.80 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Tanzania averaged 6.67 percent from 2002 until 2019, reaching an all time high of 11.90 percent in the first quarter of 2007 and a record low of 2.60 percent in the third quarter of 2009. Services is the biggest sector of Tanzania's economy and accounts for 40 percent of GDP, namely wholesale and retail trade (12 percent); public administration and defense (6 percent) and transport and storage (5 percent). The primary sector accounts for 30 percent of GDP, mainly due to crops production (18 percent). The industrial sector represents 28 percent of total wealth, namely manufacturing (6 percent) and mining and quarrying (5 percent) including natural gas, gold, diamonds, coal, iron ore, uranium, nickel, chrome, tin, platinum, coltan and niobium. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sierra Leone expanded 5 percent in 2019 from the previous year. GDP Annual Growth Rate in Sierra Leone averaged 2.67 percent from 1961 until 2019, reaching an all time high of 20.70 percent in 2013 and a record low of -20.50 percent in 2015. Sierra Leone is one of the poorest countries in the world. More than 50 percent of government revenue comes from foreign aid and the majority of the population rely on subsistence agriculture. However, Sierra Leone has been steadily growing since the end of a devastating civil war in 2002. Diamond production is an important source of revenue and accounts for 63 percent of total exports. Recent government efforts to develop the industry and fight corruption irradiation seem to be successful and the country is expected to keep current pace of expansion. This page provides - Sierra Leone GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Equatorial Guinea contracted 4.10 percent in 2019 from the previous year. GDP Annual Growth Rate in Equatorial Guinea averaged 11.12 percent from 1986 until 2019, reaching an all time high of 95.26 percent in 1997 and a record low of -9.10 percent in 2015. Despite its small size, Equatorial Guinea is the third largest oil exporter in sub-Saharan Africa. The country has vast resource of gas and timber but does not manufacture anything. The petroleum sector accounted for 85 percent of GDP and more than 94 percent of exports. Other sectors are construction (7 percent of GDP in 2015), agriculture, forestry and fisheries (2 percent of GDP), and trade (1.6 percent). This page provides - Equatorial Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Slovakia expanded 2 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Slovakia averaged 3.88 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6 percent in the second quarter of 2009. In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Living Wage Individual in Togo remained unchanged at 110200 XOF/Month in 2017 from 110200 XOF/Month in 2017. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. This page provides - Togo Living Wage Individual- actual values, historical data, forecast, chart, statistics, economic calendar and news.