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Gross domestic product in constant prices growth rate


Libya is the top country by real GDP growth in the world. As of 2018, real GDP growth in Libya was 17.9 %. The top 5 countries also includes Eritrea, Rwanda, Ireland, and Bangladesh.

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What is real GDP growth?

Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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