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GDP growth forecast: Eastern Europe, U.S., U.K. and Germany 2010-2024
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GDP growth forecast: Eastern Europe, U.S., U.K. and Germany 2010-2024
Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and Eastern Europe from 2010 to 2024*
by M. Szmigiera,
last edited
Aug 9, 2019
Annual gross domestic product (GDP) growth rates were 2.86 percent for the United States, 1.40 percent for the United Kingdom, 1.45 percent for Germany, and 3.96 percent for Eastern Europe in 2018. The projection for the United States rose in the near term, but all were expected to slow down by 2024.
What is GDP?
GDP is an important indicator to measure the economic strength of a country. It is the sum of all the consumption, investment, government expenditures, and net exports in a country. For this reason, consumer confidence can give an idea of future GDP growth. Similarly, stock exchanges such as the S&P 500 index can give an idea of the investment trends in an economy. Government spending tends to be more constant, and net exports are generally a smaller component of overall GDP. In fact, a negative trade balance can fuel an economy by boosting domestic consumption and investment.
Not included in GDP
GDP does not account for some factors. For example, existing infrastructure is not a part of the GDP calculation, though a thriving economy would be impossible without it. Nevertheless, GDP is the most widespread measure of economic performance because of its simplicity and wide scope.
Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and Eastern Europe from 2010 to 2024*
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by M. Szmigiera,
last edited
Aug 9, 2019
Annual gross domestic product (GDP) growth rates were 2.86 percent for the United States, 1.40 percent for the United Kingdom, 1.45 percent for Germany, and 3.96 percent for Eastern Europe in 2018. The projection for the United States rose in the near term, but all were expected to slow down by 2024.
What is GDP?
GDP is an important indicator to measure the economic strength of a country. It is the sum of all the consumption, investment, government expenditures, and net exports in a country. For this reason, consumer confidence can give an idea of future GDP growth. Similarly, stock exchanges such as the S&P 500 index can give an idea of the investment trends in an economy. Government spending tends to be more constant, and net exports are generally a smaller component of overall GDP. In fact, a negative trade balance can fuel an economy by boosting domestic consumption and investment.
Not included in GDP
GDP does not account for some factors. For example, existing infrastructure is not a part of the GDP calculation, though a thriving economy would be impossible without it. Nevertheless, GDP is the most widespread measure of economic performance because of its simplicity and wide scope.
- Show sources information
- Show publisher information
- Release date
- April 2019
- Region
- Europe, United States
- Survey time period
- 2010 to 2018
- Supplementary notes
-
* Estimate.
** Growth projections for Eastern Euope have been calculated by Statista and include Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia, the Czech Republic and the Slovak Republic.
Source
- Show sources information
- Show publisher information
- Release date
- April 2019
More information
- Region
- Europe, United States
- Survey time period
- 2010 to 2018
- Supplementary notes
-
* Estimate.
** Growth projections for Eastern Euope have been calculated by Statista and include Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia, the Czech Republic and the Slovak Republic.
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Statistics on "Economic Outlook Estonia"
- GDP growth forecast: Eastern Europe, U.S., U.K. and Germany 2010-2024
- Gross domestic product (GDP) in Estonia 2024
- Gross domestic product (GDP) growth rate in Estonia 2024
- Distribution of gross domestic product (GDP) across economic sectors Estonia 2017
- Unemployment rate in Estonia 2018
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- Annual business confidence index for the industrial sector in EU 2008-2022
- Annual business confidence index for the industrial sector Estonia 2008-2022
- Industry revenue of »sawmilling and planing of wood« in Estonia 2011-2023
- Industry revenue of »manufacture of metal structures« in Estonia 2011-2023
- Manufacture of refined petroleum products revenue in Estonia 2010-2022
- Industry revenue of »manufacture of electric motors, generators« in Estonia 2011-2023
- Industry revenue of »manufacture of office and shop furniture« in Estonia 2011-2023
- Annual business confidence index for the service sector Estonia 2008-2022
- Industry revenue of »rental and operating of own or leased real estate« in Estonia 2011-2023
- Industry revenue of »restaurants and mobile food service activities« in Estonia 2011-2023
- Industry revenue of »hotels and similar accommodation« in Estonia 2011-2023
- Industry revenue of »engineering activities, related technical consultancy« in Estonia 2011-2023
- Industry revenue of »temporary employment agency activities« in Estonia 2011-2023
- Industry revenue of »retail sale in non-specialised stores with food« in Estonia 2011-2023
- Industry revenue of »retail sale of automotive fuel in specialised stores« in Estonia 2011-2023
- Industry revenue of »sale of cars and light motor vehicles« in Estonia 2011-2023
- Industry revenue of »retail sale of hardware, paints and glass« in Estonia 2011-2023
- Industry revenue of »other retail sale in non-specialised stores« in Estonia 2011-2023
- Industry revenue of »retail sale of watches and jewellery« in Estonia 2011-2023
- CEOs' expectations for economic growth in Luxembourg 2018
- Percentage change domestic employment in Wallonia (Belgium) 2016-2024
- BTI transformation index score of Slovakia 2008-2018
- Italy: opinion on economic prosperity vs economic difficulty for 2017, by gender
- Perceived effect of technology companies on the U.S. economy 2018
- El Salvador: competitiveness index 2008-2018
- Ecuador: competitiveness index 2008-2018
- Opinions of impact of economic recovery in own surroundings in the Netherlands 2016
- Italy: quarterly GDP Q1 2012- Q3 2016
- Value of net income from abroad in Japan 2009-2018
- Venezuela: competitiveness index 2008-2018
- Mexico: competitiveness index 2008-2018
- Italy: opinion on importance of savings in 2016-2017
- Opinions on the main reason for the economic recovery in the Netherlands 2016
- Identifiable expenditure on economic development lin the UK, by region 2017/18
- Economic value added of selected industries Hong Kong 2017
- Recovery rate for MENA region 2017
- Italy: opinion on future changes in the economic situation of Italy in 2017
- Gross domestic product (GDP) growth rate in Sweden 2007-2017
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