The Gross Domestic Product (GDP) in Palestine contracted 1.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Palestine averaged 3.72 percent from 2001 until 2019, reaching an all time high of 26.03 percent in the third quarter of 2003 and a record low of -21.59 percent in the fourth quarter of 2006. The Palestinian territories (West Bank and Gaza) have been occupied by Israel since the Six-Day war in 1967. As such, Palestinian economy is dependent on Israel as it controls the movement of goods and labour and retains customs revenues. As a result, production capacity and access to natural resources has been significantly reduced and services are by far the most important sector of the economy accounting for nearly 83 percent of GDP. Palestine remains heavily dependent on foreign aid to support the government’s budget and fund infrastructure development. This page provides the latest reported value for - Palestine 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 Estonia expanded 3.90 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Estonia averaged 4.25 percent from 1996 until 2019, reaching an all time high of 13.20 percent in the fourth quarter of 1997 and a record low of -19.30 percent in the third quarter of 2009. More than 71 percent of the Estonian GDP is derived from the service sectors, 25 percent from industry and 4 percent from agriculture. The most important sectors of the Estonian economy are: real estate, rental and letting, and business services (21 percent of GDP); the processing industry (15 percent), commerce (14 percent); transport, warehousing and communications (10 percent) and construction (7 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 52 percent of its total use, followed by gross fixed capital formation (25 percent, one of the highest among EU countries) and government expenditure (20 percent). Exports of goods and services account for 84 percent of GDP while imports account for 81 percent, adding 3 percent of total GDP. This page provides - Estonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ethiopia expanded 9 percent in 2018 from the previous year. GDP Annual Growth Rate in Ethiopia averaged 5.85 percent from 1981 until 2018, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. Ethiopia is among the fastest growing non-oil economies in the world as the government reforms undertaken in recent years have succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Belgium contracted 2.80 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Belgium averaged 2.24 percent from 1981 until 2020, reaching an all time high of 19.40 percent in the first quarter of 1995 and a record low of -3.60 percent in the first quarter of 2009. In Belgium, household consumption is the main component of GDP and accounts for 52 percent of its total use, followed by government expenditure (25 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 84 percent of GDP while imports account for 83 percent, adding 1 percent of total GDP. This page provides - Belgium GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Suriname expanded 2.10 percent in 2019 from the previous year. GDP Annual Growth Rate in Suriname averaged 1.44 percent from 1977 until 2019, reaching an all time high of 10.80 percent in 1988 and a record low of -8.80 percent in 1987. Suriname is the smallest country in the South America. Suriname is a large producer of bauxite (the country has one of the world’s biggest reserves), gold and oil. As such, the economy is highly dependent on mining and drilling industry which accounts for 85 percent of total exports and 25 percent of government revenues. In recent years, the government has undertaken series of reforms aiming at increasing fiscal revenues and improving the infrastructure. As a result, the country is expected to keep the current pace of expansion. This page provides the latest reported value for - Suriname 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 Oman expanded 2.20 percent in 2018 from the previous year. GDP Annual Growth Rate in Oman averaged 4.96 percent from 2000 until 2018, reaching an all time high of 13.10 percent in 2008 and a record low of -0.90 percent in 2017. Oman's economy relies heavily on oil production. The petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. However, as oil reserved have been shrinking in recent years the government has embarked on a process of economic diversification focused on development of tourism and gas based industries. This page provides the latest reported value for - Oman 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 European Union contracted 2.70 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in European Union averaged 1.73 percent from 1996 until 2020, reaching an all time high of 4.60 percent in the second quarter of 2000 and a record low of -5.50 percent in the first quarter of 2009. Among EU Member States, the biggest economies are Germany (21 percent of total GDP); the United Kingdom (15 percent); France (15 percent); Italy (11 percent); and Spain (8 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP. This page provides the latest reported value for - European Union 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 Colombia expanded 3.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Colombia averaged 3.87 percent from 2001 until 2019, reaching an all time high of 8 percent in the third quarter of 2011 and a record low of 0.30 percent in the first quarter of 2009. The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent). This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Kyrgyzstan expanded 4.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Kyrgyzstan averaged 3.46 percent from 1994 until 2019, reaching an all time high of 16.40 percent in the first quarter of 2010 and a record low of -20.08 percent in the fourth quarter of 1994. The biggest sector of Kyrgyzstan´s economy is services. Trade and repairs of motor vehicles; transport and communications; hotels and restaurants; financing and real estate; health care and education and government services account for 56 percent of the GDP. Agriculture contributes 18 percent of the wealth and manufacturing and mining 18 percent. Construction and generation and distribution of electricity, gas and water account for the remaining 8 percent of the output. This page provides - Kyrgyzstan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Swaziland expanded 1.40 percent in 2019 from the previous year. GDP Annual Growth Rate in Swaziland averaged 4.88 percent from 1971 until 2019, reaching an all time high of 21.02 percent in 1990 and a record low of -2.12 percent in 1976. Swaziland is one of the poorest countries in Africa. Over 70 percent of population rely on subsistence agriculture and as a result of food shortages and high prevalence of HIV rate the country has very low life expectancy rate. Landlocked between South Africa and Mozambique, Swaziland is ruled by one of the world’s last absolute monarchies. The economy is highly dependent on workers remittances and customs duties from the Southern African Customs Union. Swaziland’s sluggish growth is expected to endure as government fails to address major economic challenges such as bureaucracy, low literacy rate and youth unemployment. This page provides the latest reported value for - Swaziland 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 Egypt expanded 4.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Egypt averaged 4.19 percent from 1992 until 2019, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011. Egypt is the third largest economy in the Arab world. Services are the most important sector of the economy and account for around 47.5 percent of total GDP. The most important segments within Services are Wholesale and Retail Trade (10 percent of the output), Government (9 percent), Transportation and Communication (8 percent), Finance, Insurance and Real Estate (8 percent) and Tourism (4 percent). Industry constitutes 30 percent of the output and the largest segments within this sector are: Manufacturing (15.5 percent) and Extraction (13.5 percent). Agriculture accounts for 14.5 percent of output and Electricity, Water, Sanitation and Construction for around 7 percent. This page provides the latest reported value for - Egypt 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 Kenya expanded 5.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Kenya averaged 5.45 percent from 2004 until 2019, reaching an all time high of 11.60 percent in the fourth quarter of 2010 and a record low of 0.20 percent in the fourth quarter of 2008. Kenya is one the most developed countries in East Africa. Agriculture, Forestry and Fishing (including coffee and tea cultivation) is the largest sector of the economy and accounts for about 22 percent. Manufacturing is the second largest sector and represents around 11 percent of the GDP. Other major sectors include: Real Estate (about 8 percent of total GDP), Wholesales and Retail Trade (around 7 percent), Transport and Storage (around 7 percent) , Education (about 7 percent), Financial and Insurance Activity (around 6 percent) and Construction (around 5 percent). This page provides the latest reported value for - Kenya 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 Lesotho expanded 1.20 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Lesotho averaged 3.80 percent from 1961 until 2019, reaching an all time high of 26.40 percent in the fourth quarter of 1973 and a record low of -13.51 percent in the fourth quarter of 1975. Lesotho is a landlocked country inside South Africa. Lesotho’s economy is dependent on diamonds extraction, exports of water to South Africa and workers remittances from the Southern African Customs Union (SACU). The agricultural sector, which accounts for only 8.6 percent of GDP, is the main source of income for the majority of rural population. Yet, in recent years, increasing foreign direct investments (mainly from China) in textile industry and commerce have created more jobs and strengthen the economy. However, widespread poverty, youth unemployment and high prevalence rate of AIDS remain the main obstacles to growth. This page provides - Lesotho GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in North Korea contracted 4.10 percent in 2018 from the previous year. GDP Annual Growth Rate in North Korea averaged -0.61 percent from 1990 until 2018, reaching an all time high of 6.10 percent in 1999 and a record low of -6.50 percent in 1997. In 2015, the services sector accounted for 32.2 percent of total GDP, with government services reaching 23.3 percent. The agricultural sector recorded the second largest share (21.6 percent), followed by manufacturing (20.4 percent); mining (12.2 percent); construction (9 percent) and electricity, gas and water supply (4.5 percent), according to estimates from the central bank of South Korea. This page provides - North Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Congo expanded 4.63 percent in 2019 from the previous year. GDP Annual Growth Rate in Congo averaged 1.14 percent from 1960 until 2019, reaching an all time high of 9.70 percent in 1970 and a record low of -26.10 percent in 1961. Although abundant in natural resources, The Democratic Republic of Congo (DR Congo) has one of the lowest GDP per capita in the world. Decades of civil war and systemic corruption has left 70 percent of population living under poverty line. The growing mining industry, oil production and overseas financial aid are the main sources of revenue for the Congolese government. This page provides - Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Comoros expanded 1.50 percent in 2019 from the previous year. GDP Annual Growth Rate in Comoros averaged 2.08 percent from 1981 until 2019, reaching an all time high of 8.53 percent in 1992 and a record low of -5.40 percent in 1991. Comoros is one of the poorest countries in the world where most of population rely on subsistence agriculture and fishing. Comoros economy is highly dependent on foreign aid, remittances and tourism. This page provides - Comoros GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Serbia expanded 6.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia averaged 3.10 percent from 1997 until 2019, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999. On the expenditure side, household consumption is the main component of Serbia's GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (17 percent) and government expenditure (18 percent). Exports of goods and services account for 44 percent of GDP while imports account for 54 percent, subtracting 10 percent of total GDP. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Belarus expanded 1.40 percent in the third quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 1.18 percent from 2011 until 2020, reaching an all time high of 11.05 percent in the second quarter of 2011 and a record low of -4.40 percent in the fourth quarter of 2015. Belarus has a state controlled economy where inefficient, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. On the production side, services are the biggest sector of the economy and account for 47 percent of total GDP of which trade; repair of motor vehicles account for 9 percent, transport and real estate activities account for 6 percent each and communication for 5 percent. Industry constitutes 27 percent and construction 5 percent. Finally, agriculture adds up 8 percent. This page provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Paraguay expanded 3.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay averaged 3.20 percent from 1995 until 2019, reaching an all time high of 13.70 percent in the first quarter of 2010 and a record low of -7.40 percent in the third quarter of 2000. In the last decade, Paraguay has been one of the fastest growing economies in Latin America mostly due to a rise in exports of agricultural commodities. Shipments of soy, cereals and meat account for more than 65 percent of total exports and for almost a quarter of the GDP. The biggest sector of Paraguay´s economy is services. Financing, real estate and business services; trade, communication and restaurant and hotels, household and government services account for 39 percent of the GDP. Industry and mining create 25 percent of the wealth and agriculture, forestry, fishing and cattle 21 percent. Construction and water and gas distribution accounts for the remaining 15 percent of GDP. This page provides - Paraguay GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Bahamas expanded 1.60 percent in 2018 from the previous year. GDP Annual Growth Rate in Bahamas averaged 1.60 percent from 1990 until 2018, reaching an all time high of 7.90 percent in 1997 and a record low of -4.20 percent in 2009. The Bahamas is one of the richest countries in the Caribbean. The most important sector of the economy is tourism, which employs around half of the labour force and accounts for 60 percent of GDP. Due to low taxes, The Bahamas is a major off-shore centre and financial services account for 12 percent of GDP. The shipping industry, one of the largest in the world, is also a valuable source of income. The Bahamas is heavily dependent on the United States, the country’s largest trading partner. This page provides - Bahamas GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in El Salvador expanded 3 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in El Salvador averaged 3.09 percent from 1991 until 2019, reaching an all time high of 8.10 percent in the second quarter of 1995 and a record low of -2.60 percent in the third quarter of 2009. The most important sector of El Salvador economy is services which accounts for 66 percent of total GDP, including internal trade (14 percent); real estate activities (8 percent); public administration (8 percent); finance and insurance (7 percent) and education (5 percent). Industry constitutes 27 percent of total wealth, with the largest shares for manufacturing (18 percent), construction (6 percent) and utilities (3 percent). Also, agriculture, livestock, forestry and fishing sector accounts for 6 percent of GDP. On the expenditure side, household consumption is the main component of GDP (85 percent), followed by gross fixed capital formation and government spending (16 percent each). Exports of goods and services represent 28 percent of GDP while imports account for 45 percent, subtracting 17 percent of total GDP. This page provides the latest reported value for - El Salvador 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 Benin expanded 7.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Benin averaged 4.28 percent from 1961 until 2019, reaching an all time high of 9.95 percent in the fourth quarter of 1981 and a record low of -4.90 percent in the fourth quarter of 1975. Benin is one of the healthiest African democracies and has an active civil society. Agriculture is the most important sector of the economy. A large part of the population still depends on subsistence agriculture and agriculture products account for over 70 percent of total exports. Recent government investment in infrastructure, agriculture and tourism may result in growth in coming years. This page provides - Benin GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Kuwait expanded 0.40 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Kuwait averaged 3.11 percent from 1963 until 2019, reaching an all time high of 33.99 percent in the fourth quarter of 1993 and a record low of -20.62 percent in the fourth quarter of 1980. Kuwait holds the world´s sixth biggest proven reserves of oil as such oil sector accounts for 40 percent of GDP, 90 percent of total exports and 80 percent of state revenues. The services sector constitutes 30 percent of the output. Within services the largest segments are: community, social and personal services (11 percent of GDP); real estate and financial and business services (9 percent) and wholesale and retail trade and restaurants and hotels (8 percent). Manufacturing contributes for 23 percent of the wealth and construction and electricity, gas and water distribution for the remaining 7 percent. . This page provides - Kuwait GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Monaco expanded 6.10 percent in 2018 from the previous year. GDP Annual Growth Rate in Monaco averaged 3.67 percent from 2006 until 2018, reaching an all time high of 14.40 percent in 2007 and a record low of -11.30 percent in 2009. Monaco is a small city-state in Western Europe known for its casino, high-value tourism and tax haven status. The most important sector of the economy is services, accounting for over 95 percent of GDP. One third of Monaco’s GDP is produced by two sectors: scientific and technical activities, administrative and support services (17 percent); and financial and insurance activities (17 percent). Real estate sector accounts for 8.4 percent of GDP and has become the third biggest contributor to GDP in recent years. Tourism is also an important source of revenue as Monaco hosts various events, such as the Formula One Grand Prix, and is home to the famous Monte-Carlo Casino. A large part of the labour force commutes to work from outside Monaco every day. This page provides - Monaco GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Bahrain contracted 0.44 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Bahrain averaged 3.78 percent from 2000 until 2019, reaching an all time high of 11.43 percent in the fourth quarter of 2010 and a record low of -2.86 percent in the fourth quarter of 2011. In Bahrain, Gross Domestic Product is divided by two industries: Goods Producing and Services Producing. Goods Producing Industry constitutes around 41.8 percent of the GDP and the largest segments within this sector are manufacturing (18.6 percent); mining (14.5 percent) and construction (8.1 percent). Services Producing Industry accounts for 58.2 percent of total GDP and the biggest segments within services are financial services (17.1 percent); transport & communications (7.1 percent); wholesale & retail trade & repairs (4.5 percent) and real estate (3.8 percent). This page provides the latest reported value for - Bahrain 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 Fiji expanded 1 percent in 2019 from the previous year. GDP Annual Growth Rate in Fiji averaged 2.67 percent from 1971 until 2019, reaching an all time high of 12.70 percent in 1973 and a record low of -6.40 percent in 1987. Fiji is one of the most developed island nations in the Pacific region. Still, more than 31 percent of the population lives under poverty and the country is dependent on foreign aid and remittances. Tourism is the most important sector of the economy and accounts for more than 25 percent of GDP. Sugar and textiles exports remain important sources of revenue, but have fallen from prominence as Fiji is unable to compete globally. This page provides - Fiji GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Yemen contracted 2.70 percent in 2018 from the previous year. GDP Annual Growth Rate in Yemen averaged 2.54 percent from 1990 until 2018, reaching an all time high of 20.50 percent in 1996 and a record low of -28.10 percent in 2015. Yemen is one of the poorest countries in the world. Its economy depends on foreign aid and remittances from workers in neighbouring golf states. The most important sector of the economy is dwindling oil extraction, it accounts for around 70 percent of government revenue and 25 percent of GDP. Agriculture is also very important as it employs over 50 percent of the population. In recent years, the government has engaged in efforts to diversify the economy from dependency on oil. As a result, there was a surge of investment in the development of infrastructure for natural gas extraction. Yet, the political instability in 2011 has undermined development efforts, resulted in damage of infrastructure, rising unemployment and high inflation. This page provides - Yemen GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Zambia expanded 1 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Zambia averaged 3.67 percent from 1961 until 2019, reaching an all time high of 16.70 percent in the fourth quarter of 1965 and a record low of -8.60 percent in the fourth quarter of 1994. Zambia is one of the poorest countries in the world with 60 percent of population living below poverty line. In recent years, Zambia’s economy has been growing rapidly due to expansion of copper mining industry and agriculture diversification. However, widespread poverty, mainly caused by fast population growth and systemic youth unemployment, remains Zambia’s main economic challenge. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Tajikistan expanded 7.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Tajikistan averaged 4.56 percent from 1992 until 2019, reaching an all time high of 11 percent in the fourth quarter of 2003 and a record low of -32.30 percent in the fourth quarter of 1992. Tajikistan is a landlocked ex-soviet republic which due to a prolonged civil war started enacting market reforms later than most Commonwealth of Independent States (CIS) members. Tajikistan’s main problems arise from high levels of human and physical capital underutilization and corruption. A significant portion of Tajikistan citizens work abroad, benefitting the country through remittances. Aluminium production, cotton production and hydropower are the most important industries in Tajikistan. This page provides - Tajikistan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Denmark expanded 2.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Denmark averaged 1.73 percent from 1992 until 2019, reaching an all time high of 6.40 percent in the fourth quarter of 1994 and a record low of -6.20 percent in the second quarter of 2009. In Denmark, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by government expenditure (27 percent, the highest among EU countries) and gross fixed capital formation (19 percent). Exports of goods and services account for 54 percent of GDP while imports account for 48 percent, adding 6 percent of total GDP. This page provides - Denmark GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cayman Islands expanded 3.10 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cayman Islands averaged 1.93 percent from 1992 until 2019, reaching an all time high of 6.50 percent in the fourth quarter of 2005 and a record low of -6.90 percent in the second quarter of 2010. The Cayman Islands is a British overseas territory located in the Caribbean known for being a major tax heaven. International finance is the most important sector of the economy, and accounts for around 55 percent of GDP and 40 percent of government revenue. High-end tourism is also crucial, and accounts for around 30 percent of GDP. This page provides - Cayman Islands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ivory Coast expanded 7.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Ivory Coast averaged 5.36 percent from 1961 until 2019, reaching an all time high of 17.61 percent in the fourth quarter of 1964 and a record low of -10.96 percent in the fourth quarter of 1980. Côte d’Ivoire is the largest economy in the West African Economic and Monetary Union. After years of political instability and economic decline the country has been steady growing. Agriculture has been the backbone of the economy. Cote d’Ivoire is the largest cocoa producer in the world (30 percent of the world’s production), big exporter of coffee and palm oil. The country also has significant offshore oil and natural gas reserves, which exploration has already boosted government revenues. Moreover, government increasing investment in education and infrastructure resulted in the development of manufacturing industry. This page provides - Ivory Coast GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Chile contracted 2.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Chile averaged 3.70 percent from 1997 until 2019, reaching an all time high of 9.50 percent in the first quarter of 2011 and a record low of -3.90 percent in the second quarter of 1999. The most important sector of Chilean economy is services. Trade, restaurants and hotels, transport, communications, financial and business services, real estate and personal services account for more than 56 percent of the GDP. Mining constitutes 13 percent of the output with copper representing the biggest part. Manufacturing creates 12 percent of the wealth and construction and water, gas and electricity distribution 11 percent. The government fuels 5 percent of the output and the agriculture and fishing sector accounts for the remaining 3 percent of GDP. This page provides - Chile GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Spain contracted 4.10 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Spain averaged 2.11 percent from 1996 until 2020, reaching an all time high of 5.40 percent in the first quarter of 2000 and a record low of -4.30 percent in the second quarter of 2009. On the expenditure side, household consumption is the main component of Spain's GDP (58 percent), followed by gross fixed capital formation (21 percent) and government expenditure (18 percent). Within investments, tangible fixed assets account for 18 percent of GDP, including construction (10 percent) and machinery, equipment and weapon system (7 percent); and intellectual property products account for the remaining 3 percent. Exports of goods and services account for 34 percent of GDP while imports account for 31 percent, adding 3 percent of total GDP. This page provides the latest reported value for - Spain 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 Jordan expanded 2.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Jordan averaged 4.30 percent from 1993 until 2019, reaching an all time high of 10.60 percent in the first quarter of 2007 and a record low of -1.10 percent in the first quarter of 1996. The Jordanian economy is dominated by tourism, financial services, transportation, manufacturing and remittances from Jordanians working abroad. Jordan's lack of arable land and insufficient supplies of water means that agriculture is mostly a non-relevant sector and that the country invests heavily in water recycling. Jordan’s economy is highly influenced by the state, however, recently, the efforts have been undertaken to reduce barriers to do business. This page provides - Jordan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Albania contracted 0.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Albania averaged 3.99 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997. In Albania, the most important component on the expenditure side of the GDP is household consumption (78 percent) followed by gross fixed capital formation (26 percent) and government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for 53 percent. This page provides the latest reported value for - Albania 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 Honduras expanded 2.40 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Honduras averaged 3.81 percent from 1990 until 2019, reaching an all time high of 8.30 percent in the fourth quarter of 2006 and a record low of -4.20 percent in the second quarter of 2009. Honduras is one of the poorest countries in Central America with more than 50 percent of its population living under poverty line. The backbone of the economy is agriculture and remittances. Honduras’ economy is also highly dependent on the United States for exports and foreign direct investment (70 percent of total FDI). In recent years efforts have been undertaken to develop the education system and infrastructure. However, corruption and bureaucracy are an obstacle for growth. This page provides - Honduras GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Djibouti expanded 6 percent in 2019 from the previous year. GDP Annual Growth Rate in Djibouti averaged 2.82 percent from 1991 until 2019, reaching an all time high of 7 percent in 2017 and a record low of -10.60 percent in 1996. Djibouti is one of the poorest countries in the world with 75 percent of population living below poverty line. Djibouti is located in one of the busiest maritime trade routes and has the status of free trade zone. As a result, Djibouti is highly dependent on tax revenues from in-transit trade flow. Also, since Djibouti has very few natural resources and virtually no industry, it depends on foreign assistance to finance development and current account deficits. This page provides - Djibouti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Guyana expanded 2.10 percent in 2017 from the previous year. GDP Annual Growth Rate in Guyana averaged 2.13 percent from 1961 until 2017, reaching an all time high of 11.36 percent in 1964 and a record low of -13.19 percent in 1982. Guyana is one of the poorest countries in Latin America. Guyana’s economy is dependent on agriculture, mining (gold and bauxite), eco-tourism and foreign aid. Recent debt reliefs under the Highly Indebted Poor Countries initiative and the entrance into the Caribbean Single Market and Economy have enabled investment on infrastructure and broadened the export market. As a result, commercial agriculture and industrial production has been expanding. However, systemic trade deficits, high crime rates and skilled labour-force migration continue to hamper economic development. This page provides - Guyana GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cape Verde expanded 5.70 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cape Verde averaged 3.89 percent from 1981 until 2019, reaching an all time high of 13.60 percent in the third quarter of 2008 and a record low of -3.40 percent in the first quarter of 2013. The most important sector of Cape Verde’s economy is services and accounts for 72 percent of total GDP, of which public administration (18 percent); real estate and other services (13 percent); wholesale and retail trade (12 percent); transport (11 percent) and hotels and restaurants (7 percent). Industry constitutes 21 percent with construction (9 percent) and manufacturing, mining and quarrying (8 percent). Agriculture and fishing create 7 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by capital formation (36 percent) and government expenditure (17 percent). Exports of goods and services account for 47 percent of GDP while imports account for 67 percent, subtracting 20 percent of total GDP. This page provides the latest reported value for - Cape Verde 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 Haiti expanded 1.50 percent in 2018 from the previous year. GDP Annual Growth Rate in Haiti averaged 1.40 percent from 1997 until 2018, reaching an all time high of 5.50 percent in 2011 and a record low of -5.50 percent in 2010. Haiti is one of the poorest and most politically unstable countries in the Caribbean. The devastating earthquake in 2010 caused damages in excess of 150 percent of GDP and destroyed most of the infrastructure. More than 80 percent of the population lives in poverty and the country relies heavily on remittances and foreign aid. The most important sector of the economy is substance agriculture which employs over 40 percent of the labour force. Despite having one the lowest trade tariffs in the Caribbean and a preferential trade agreement with the United States, Haiti failed to boost its trade due to lack of infrastructure and bureaucracy. Furthermore, the lack of a functioning legal system and endemic corruption make foreign investors reluctant to set up companies. This page provides - Haiti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sudan expanded 4.10 percent in 2018 from the previous year. GDP Annual Growth Rate in Sudan averaged 4.24 percent from 2005 until 2018, reaching an all time high of 7.70 percent in 2006 and a record low of 1.40 percent in 2012. Sudan’s economy is based on oil production. Since the ending of the two decade long civil war and the discovery of oil fields, Sudan’s economy has been steady expanding. Yet, much of the population still rely on subsistence agriculture. Following the independence of South Sudan in 2011 and the consequent loss of two thirds of oil reserves economic growth has slowed down. This page provides - Sudan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Chad expanded 2.40 percent in 2019 from the previous year. GDP Annual Growth Rate in Chad averaged 3.08 percent from 1961 until 2019, reaching an all time high of 34.30 percent in 2004 and a record low of -21.44 percent in 1979. Chad is one of the poorest countries in the world with 80 percent of population living under poverty line. Chad’s economy is dependent on oil, gold and uranium production which account for over 95 percent of exports and make up most of government revenue. Decades of military conflict and drought have left the country stripped of infrastructure, manufacturing industry and commercial agriculture. This page provides - Chad GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Nigeria expanded 2.55 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria averaged 3.80 percent from 1982 until 2019, reaching an all time high of 19.17 percent in the fourth quarter of 2004 and a record low of -7.81 percent in the fourth quarter of 1983. Nigeria is the biggest economy in Africa. Services is the largest sector of the economy, accounting for about 50 percent of total GDP. One of the fastest growing segments in Services are Information and Communication, which together account for about 10 percent of the total output. Agriculture, which in the past was the biggest sector, now weights around 23 percent. Crude Petroleum and Natural Gas constitute only 11 percent of total GDP, while being the main exports. Industry and Construction account for the remaining 16 percent of GDP. This page provides - Nigeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Guinea Bissau expanded 5.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Guinea Bissau averaged 3.37 percent from 1971 until 2019, reaching an all time high of 22.80 percent in the first quarter of 2013 and a record low of -28.10 percent in the fourth quarter of 1998. Guinea Bissau is one of the poorest countries in the world. The export of cashew nuts, which account for over 90 percent of total exports, is the backbone of the country’s economy. The major obstacle to the country’s growth is the unstable social environment caused by successive military coups and the traffic of narcotics. After the death of the president in January of 2012, the military seized power and suspended democracy. As a result, the Economic Community of Central Africa threatened sanctions that can hamper the country’s future. This page provides - Guinea Bissau GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sri Lanka expanded 2 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Sri Lanka averaged 5.55 percent from 2003 until 2019, reaching an all time high of 16.12 percent in the first quarter of 2012 and a record low of 0.50 percent in the fourth quarter of 2013. In Sri Lanka, services are the biggest sector of the economy and account for 58 percent of total GDP. Within services the most important segments are: wholesale and retail trade (21 percent); transport and communication (13 percent) and banking, insurance and real estate (11 percent). Industry accounts for 30 percent of total output. Within industry, manufacturing represents 18 percent of GDP and mining and construction account for 10 percent. The remaining 12 percent is contributed by agriculture, livestock, forestry and fishing. This page provides the latest reported value for - Sri Lanka 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 Azerbaijan expanded 2.50 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Azerbaijan averaged 8.62 percent from 2001 until 2019, reaching an all time high of 40.40 percent in the first quarter of 2006 and a record low of -3.90 percent in the third quarter of 2016. Azerbaijan economy is based on oil and gas extraction which account for 95 percent of exports and 75 percent of government revenues. . This page provides - Azerbaijan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Mauritius expanded 2.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Mauritius averaged 3.84 percent from 2001 until 2019, reaching an all time high of 9.80 percent in the first quarter of 2003 and a record low of -0.80 percent in the first quarter of 2005. The services sector is the largest sector of the Mauritius' economy and accounts for 76 percent of total GDP. Within services, the most important sub-sectors are: wholesale and retail trade (12 percent), financial and insurance activities (12 percent), accommodation and food services activities (7 percent); transportation and storage (6 percent); real estate (6 percent); and public administration and defense (6 percent). Also, industry contributes 20 percent to the GDP, with manufacturing (13 percent) and construction (4 percent) accounting for the largest shares. The primary sector accounts for 4 percent of GDP. On the expenditure side, household consumption accounts for 80 percent of the GDP while government expenditure for 16 percent. Gross capital formation accounted for 18 percent of GDP. Exports of goods and services for 45 percent while imports for 59 percent, subtracting 14 percent of total GDP. This page provides the latest reported value for - Mauritius 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 Central African Republic expanded 4.50 percent in 2019 from the previous year. GDP Annual Growth Rate in Central African Republic averaged 1.26 percent from 1961 until 2019, reaching an all time high of 9.48 percent in 1984 and a record low of -37 percent in 2013. Central African Republic is one of the poorest countries in the world with over 50 percent of population dependent on subsistence agriculture and farming. Central African Republic’s economy relies on cotton, coffee, gold, diamond and uranium exports and foreign aid. This page provides - Central African Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Sao Tome and Principe expanded 4 percent in 2019 from the previous year. GDP Annual Growth Rate in Sao Tome and Principe averaged 5.04 percent from 2002 until 2019, reaching an all time high of 12.60 percent in 2006 and a record low of 1.60 percent in 2005. Sao Tome and Principe is the least populated and one of the smallest countries in Africa. The country’s economy is dependent on agriculture and tourism. In recent years, the major source of revenue, cocoa production, has been decreasing due to regular droughts and mismanagement. As a result, Sao Tome and Principe has become increasingly dependent on foreign aid and vulnerable to fuel and food price fluctuations. To make things worse, a political crisis is a threat to social stability and may hamper foreign direct investment. On the positive side, recently found oil reserves in the Gulf of Guinea are expected to boost Sao Tome’s economy as soon as production begins. This page provides - Sao Tome and Principe GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.