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Countries by real GDP growth rate in 2024 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
The Philippines posted a high GDP growth rate of 7.6 percent in 2022. [37] However, the country is not a part of the Group of 20 nations; instead, it is grouped in a second tier for emerging markets or newly industrialized countries. Notes for economic growth (1980-2023): 1980-82: Slower economic growth due to mismanagement
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
While growth in the Philippines remains on track for recovery, the bounce back this year will likely be lower than previously expected at 4.7%, Kevin Chua, World Bank senior economist, told a ...
GDP (millions of current ... Philippines: 113.267: 470,060: 4,150: ... GDP and GDP per capita data are according to IMF for 2023 data. [4] Rank Country Population in ...
Philippines: 471.5 billion 15 Vietnam: 465.8 billion 16 Bangladesh: 451.16 billion 17 Malaysia: 445.5 billion 18 Iran: 434.8 billion 19 Hong Kong 401.5 billion 20 Pakistan: 374.6 billion 21 Kazakhstan: 292.8 billion 22 Iraq: 265.6 billion 23 Qatar: 223.3 billion 24 Kuwait: 184.8 billion 25 Oman: 114.7 billion 26 Uzbekistan: 101.8 billion 27
Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. GDP comparisons using PPP take into account the relative cost of local goods, services and inflation rates of the ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.