coronavirus (COVID-19) pandemic outbreak. Across other major economies like the United Kingdom 2021 was also a year of growth. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator to measure the economic strength of a country.
In 2021, the GDP of the United States increased by about 5.68 percent compared to the previous year. This comes after devastating losses of growth as a result of Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and the Americas from 2010 to 2027*
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IMF, & Statista. (April 19, 2022). Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and the Americas from 2010 to 2027* [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/369270/gdp-growth-forecast-the-americas-vs-major-economies/
IMF, und Statista. "Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and the Americas from 2010 to 2027*." Chart. April 19, 2022. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/369270/gdp-growth-forecast-the-americas-vs-major-economies/
IMF, Statista. (2022). Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and the Americas from 2010 to 2027*. Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/369270/gdp-growth-forecast-the-americas-vs-major-economies/
IMF, and Statista. "Annual Gross Domestic Product (Gdp) Growth Projections for The U.S., U.K., Germany and The Americas from 2010 to 2027*." Statista, Statista Inc., 19 Apr 2022, https://www.statista.com/statistics/369270/gdp-growth-forecast-the-americas-vs-major-economies/
IMF & Statista, Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and the Americas from 2010 to 2027* Statista, https://www.statista.com/statistics/369270/gdp-growth-forecast-the-americas-vs-major-economies/ (last visited June 26, 2022)