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In 2016, world's nominal GDP was estimated at $75,213 billion by the International Monetary Fund, up by 2 percent from the previous year. So, global economy starts to rebound from a 5.7% decline of 2015. Moreover, according to IMF's World Economic Outlook, in 2017, economic activity is projected to pick up the pace to grow by 5.7 and reach 2014 level with emerging markets being the main drivers of growth. In real terms, global GDP growth for 2017 is estimated at 3.4%, up from 3% in 2016.

Looking at GDP dynamics from 1980 to 2017 allows understanding the cyclical position of the world economy. For example, it can be clearly seen that 2008 was the very difficult period during which world economy experienced a reduction of  1%.

World's real GDP grew by 3.21 percent in 2016, the lowest rate since the global financial crisis of 2009. In 2017, however, global economic growth is expected to recover to reach 3.62 percent according to the latest October's release of IMF World Economic Outlook.

Take a look at other GDP-related dashboards:

GDP: GDP by country from the World Bank | GDP by country from IMF | World GDP Ranking | World GDP

GDP per capita: GDP per Capita by Country | GDP per capita by country from IMF | World GDP per capita ranking

See also: G20 economic forecast | Short-term economic profile

World in 2020 Try now

World in 2020

Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.

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