World
GDP growth, year over year
GDP growth tracks how quickly inflation-adjusted output is expanding or contracting. It is the headline pace measure for business cycles, slowdowns, recoveries, and recessions.
GDP growth, year over year - World
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The reading right now
As of January 2024, GDP growth, year over year for World stood at 2.87%. That is down 0.08 percentage points from the prior year. Over the trailing five years, the series has averaged 2.57%, ranging from a low of -2.9% in January 2020 to a high of 6.41% in January 2021. The current reading sits 0.04 percentage points above its trailing ten-year mean of 2.83%.
Computed from the observation series on this page. Numbers update when the underlying provider revises the data.