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Global Economic Growth

Global Economy to End Decade on a Low Note

According to the OECD’s latest , the global economy will grow only 2.9 percent this year, the lowest rate of growth since 2009. Despite started off on a positive note, with more than 5 percent growth in 2010 in the aftermath of the financial crisis, it’s been a decade of meager growth for the world economy.

Inhibited by political uncertainties, trade tensions and lackluster demand in some major economies global GDP growth hovered between 3 and 4 percent for most the decade before (expectedly) dropping below 3 percent for the first time this year.

The OECD remains cautious in its outlook for the coming years as well, expecting 2.9 percent growth for 2020 and a minimal improvement to 3.0 percent for 2021.

Description

This chart shows global GDP growth from 2010 through 2021.

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Quarterly gross domestic product (GDP) growth rate in China Q2 2023-Q2 2026
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Quarterly GDP growth in China Q2 2026, by sector and industry
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GDP growth of the agricultural sector in Indonesia 2019-2025
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Quarterly GDP growth in selected countries 2026
GDP growth in the Euro Area 2022-2026
Countries with the largest GDP growth worldwide 2025

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