1990 – 2000 – United States dominates expansion
At exchange rates , the global economic output expanded by US$10.4 trillion from 1990 to 2000. At purchasing power parity , the global economic output expanded by US$22.0 trillion from 1990 to 2000.
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2000 – 2010 – Rise of Developing and Emerging Economies
At exchange rates , the global economic output expanded by US$32.0 trillion from 2000 to 2010. At purchasing power parity , the global economic output expanded by US$39.1 trillion from 2000 to 2010.
IMF's economic outlook for 2010 noted that banks faced a "wall" of maturing debt, which presents important risks for the normalization of credit conditions. There has been little progress in lengthening the maturity of their funding and, as a result, over $4 trillion in debt is due to be refinanced in the next 2 years. [ 2] `
While there have been some encouraging signs of economic recovery, especially in the United States, the global economic growth seems to be losing momentum. According to the IMF's World Economic Outlook report published in April 2012, "global growth is projected to drop from about 4 percent in 2011 to about 3½ percent in 2012 because of weak activity during the second half of 2011 and the first half of 2012."[ 3]
The following two tables are lists of the 20 largest contributors to global economic growth from 2000 to 2010 by International Monetary Fund .
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The two maps and the table below them are for the years 1990–2007, and are based on the data obtained from the United Nations
Statistics Division . 1990 was chosen as a starting year as several new states appeared at that time.
GDP growth (annualized)
GDP per capita growth (annualized)
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GDP per capita annualized growth rates 1990-2015
Country or Area GDP 1990 (Billion USD ) GDP 2015 (Billion USD ) GDP growth annualized Population 1990 (Million) Population 2015 (Million) GDP per capita growth annualized Rank
Equatorial Guinea 0.13 13.18 20.2% 0.34 1.18 14.3% 1
China 398.62 11,226.19 14.3% 1,128.67 1,397.03 13.3% 2
Vietnam 6.47 191.29 14.5% 66.17 93.57 12.9% 3
Nicaragua 0.52 12.61 13.6% 4.14 6.08 11.9% 4
Timor-Leste 0.15 3.10 13.0% 0.74 1.24 10.7% 5
Cambodia 0.90 18.08 12.8% 9.70 15.52 10.7% 6
Lebanon 2.80 49.91 12.2% 2.97 5.85 9.2% 7
Maldives 0.23 4.00 12.1% 0.22 0.42 9.1% 8
Myanmar 5.18 59.49 10.3% 40.15 52.40 9.1% 9
Turkmenistan 3.07 35.80 10.3% 3.67 5.57 8.5% 10
Poland 62.08 477.35 8.5% 38.11 38.27 8.5% 11
Sri Lanka 9.47 80.41 8.9% 17.11 20.71 8.1% 12
Suriname 0.54 4.83 9.2% 0.40 0.55 7.8% 13
Costa Rica 5.72 55.41 9.5% 3.08 4.81 7.6% 14
Tanzania 3.43 45.63 10.9% 24.81 53.88 7.5% 15
Dominican Republic 8.00 68.90 9.0% 7.29 10.53 7.4% 16
Armenia 2.16 10.55 6.6% 3.54 2.92 7.4% 17
Panama 5.63 54.32 9.5% 2.41 3.97 7.3% 18
Azerbaijan 6.51 50.84 8.6% 7.21 9.62 7.3% 19
Haiti 0.99 8.67 9.1% 7.11 10.71 7.3% 20
Kazakhstan 29.66 184.39 7.6% 16.53 17.75 7.3% 21
Albania 2.22 11.39 6.8% 3.29 2.92 7.3% 22
Chile 33.00 243.96 8.3% 13.18 17.76 7.0% 23
Romania 38.76 177.90 6.3% 23.21 19.88 6.9% 24
Iraq 17.17 177.72 9.8% 18.51 36.12 6.9% 25
Lithuania 9.92 41.53 5.9% 3.70 2.93 6.9% 26
Ecuador 12.24 99.29 8.7% 10.27 16.14 6.8% 27
Slovakia 16.57 87.55 6.9% 5.26 5.44 6.7% 28
Laos 1.74 14.36 8.8% 4.08 6.66 6.7% 29
Bhutan 0.28 2.03 8.2% 0.55 0.79 6.6% 30
Guatemala 7.11 63.77 9.2% 8.91 16.25 6.6% 31
Czech Republic 37.04 186.83 6.7% 10.30 10.60 6.6% 32
Paraguay 4.90 36.16 8.3% 4.25 6.64 6.4% 33
Estonia 5.68 22.58 5.7% 1.57 1.32 6.4% 34
Uruguay 10.27 53.28 6.8% 3.11 3.43 6.4% 35
Peru 28.32 191.60 7.9% 21.76 31.38 6.4% 36
Guyana 0.65 3.20 6.6% 0.73 0.77 6.3% 37
Ireland 48.18 290.83 7.5% 3.51 4.70 6.2% 38
Kyrgyzstan 1.11 6.68 7.4% 4.39 5.87 6.2% 39
Indonesia 138.26 860.74 7.6% 183.59 258.16 6.1% 40
Singapore 38.90 304.09 8.6% 3.02 5.54 6.0% 41
Bolivia 4.87 33.24 8.0% 6.67 10.72 6.0% 42
Trinidad and Tobago 5.16 24.26 6.4% 1.22 1.36 5.9% 43
India 326.61 2,102.39 7.7% 860.20 1,309.05 5.9% 44
South Korea 279.35 1,382.76 6.6% 42.87 50.59 5.9% 45
Qatar 7.36 161.74 13.2% 0.47 2.48 5.8% 46
Nigeria 62.17 493.84 8.6% 94.45 181.18 5.8% 47
Bangladesh 35.38 208.32 7.3% 113.05 161.20 5.8% 48
Latvia 8.86 26.99 4.6% 2.66 1.99 5.8% 49
Liberia 0.38 3.16 8.8% 2.14 4.50 5.6% 50
El Salvador 4.82 23.17 6.5% 5.11 6.31 5.6% 51
Samoa 0.18 0.80 6.2% 0.16 0.19 5.5% 52
Eritrea 0.76 4.44 7.3% 3.16 4.85 5.5% 53
Malaysia 46.58 301.79 7.8% 18.10 30.72 5.5% 54
Colombia 55.88 293.49 6.9% 34.87 48.23 5.5% 55
Hungary 34.36 122.82 5.2% 10.36 9.78 5.5% 56
Saint Kitts and Nevis 0.20 0.94 6.3% 0.04 0.05 5.4% 57
Nepal 3.89 21.41 7.1% 19.11 28.66 5.3% 58
Mauritius 2.71 11.69 6.0% 1.06 1.26 5.3% 59
Philippines 49.10 292.77 7.4% 61.23 101.72 5.2% 60
Thailand 88.47 401.37 6.2% 54.29 68.66 5.2% 61
Malta 2.55 10.57 5.9% 0.36 0.43 5.1% 62
Kuwait 18.29 114.61 7.6% 2.14 3.94 5.0% 63
Belarus 18.83 56.33 4.5% 10.26 9.49 4.8% 64
Jordan 4.16 37.57 9.2% 3.25 9.16 4.8% 65
Angola 13.74 116.19 8.9% 10.53 27.86 4.8% 66
Venezuela 48.39 242.60 6.7% 19.73 31.16 4.7% 67
Hong Kong 76.93 309.36 5.7% 5.70 7.25 4.7% 68
Cape Verde 0.34 1.60 6.4% 0.36 0.53 4.7% 69
Argentina 153.21 642.46 5.9% 32.58 43.42 4.7% 70
Grenada 0.28 1.00 5.2% 0.10 0.11 4.7% 71
Bulgaria 19.77 50.20 3.8% 8.82 7.18 4.7% 72
Pakistan 52.43 270.56 6.8% 112.99 189.38 4.6% 73
Luxembourg 12.68 57.81 6.3% 0.38 0.57 4.6% 74
Turkey 207.38 859.45 5.9% 57.34 78.27 4.5% 75
Uzbekistan 14.71 66.49 6.2% 20.52 30.98 4.5% 76
Seychelles 0.37 1.38 5.4% 0.07 0.09 4.5% 77
Solomon Islands 0.21 1.16 7.1% 0.31 0.59 4.4% 78
Israel 58.08 299.09 6.8% 4.51 8.06 4.3% 79
Brazil 455.17 1,800.02 5.7% 149.52 205.96 4.3% 80
Saudi Arabia 117.47 654.27 7.1% 16.26 31.56 4.3% 81
Palau 0.08 0.29 5.5% 0.01 0.02 4.3% 82
New Zealand 45.77 175.77 5.5% 3.41 4.61 4.3% 83
Mongolia 3.13 11.75 5.4% 2.22 2.98 4.2% 84
Honduras 4.17 20.98 6.7% 4.89 8.96 4.1% 85
Taiwan 166.85 525.60 4.7% 20.31 23.49 4.1% 86
Australia 323.43 1,232.91 5.5% 16.87 23.80 4.1% 87
Mexico 290.40 1,170.57 5.7% 84.00 125.89 4.0% 88
Fiji 1.34 4.34 4.8% 0.72 0.89 4.0% 89
Norway 119.79 386.66 4.8% 4.24 5.20 3.9% 90
Vanuatu 0.17 0.77 6.3% 0.15 0.26 3.9% 91
Ethiopia 12.60 64.68 6.8% 51.15 99.87 3.9% 92
Zambia 4.09 21.24 6.8% 8.12 16.10 3.9% 93
Kenya 12.18 64.24 6.9% 23.45 47.24 3.9% 94
Dominica 0.20 0.54 4.0% 0.07 0.07 3.9% 95
Chad 1.83 10.95 7.4% 6.11 14.01 3.9% 96
Lesotho 0.67 2.35 5.2% 1.60 2.17 3.9% 97
Oman 11.69 68.92 7.4% 1.84 4.20 3.9% 98
Kiribati 0.04 0.17 5.6% 0.07 0.11 3.8% 99
Bosnia and Herzegovina 7.75 16.21 3.0% 4.31 3.54 3.8% 100
Sierra Leone 0.95 4.25 6.2% 4.09 7.24 3.8% 101
Jamaica 4.66 14.15 4.5% 2.37 2.87 3.7% 102
Russia 569.71 1,368.40 3.6% 148.61 143.89 3.7% 103
United States 5,963.13 18,219.30 4.6% 256.10 319.93 3.6% 104
Namibia 2.84 11.78 5.9% 1.42 2.43 3.6% 105
Morocco 30.18 101.18 5.0% 25.03 34.80 3.6% 106
Portugal 79.45 199.52 3.8% 9.98 10.42 3.6% 107
Saint Lucia 0.52 1.62 4.7% 0.14 0.18 3.6% 108
Tonga 0.15 0.41 4.1% 0.09 0.11 3.5% 109
Botswana 3.80 14.45 5.5% 1.37 2.21 3.5% 110
Tunisia 13.47 43.15 4.8% 8.22 11.27 3.5% 111
Djibouti 0.46 1.73 5.5% 0.56 0.93 3.3% 112
Georgia 8.53 14.00 2.0% 5.46 3.95 3.3% 113
Barbados 2.02 4.73 3.4% 0.27 0.28 3.3% 114
Bahrain 4.97 31.13 7.6% 0.49 1.37 3.3% 115
Slovenia 17.85 43.09 3.6% 1.93 2.07 3.3% 116
Belize 0.41 1.78 6.0% 0.19 0.36 3.3% 117
Papua New Guinea 4.84 20.64 6.0% 4.13 7.92 3.2% 118
San Marino 0.56 1.52 4.1% 0.02 0.03 3.2% 119
Switzerland 258.02 679.72 4.0% 6.83 8.32 3.1% 120
Croatia 24.78 49.52 2.8% 4.52 4.24 3.1% 121
United Kingdom 1,191.02 2,897.06 3.6% 57.24 65.40 3.1% 122
Netherlands 320.84 765.65 3.5% 14.95 16.94 3.0% 123
Rwanda 2.49 8.29 4.9% 7.29 11.63 3.0% 124
Ghana 9.99 36.89 5.4% 15.58 27.58 3.0% 125
Syria 12.30 37.50 4.6% 12.72 18.74 3.0% 126
Moldova 3.97 7.61 2.6% 4.39 4.07 3.0% 127
Iceland 6.48 17.34 4.0% 0.25 0.33 2.9% 128
Germany 1,592.59 3,383.09 3.1% 79.43 81.71 2.9% 129
Austria 166.87 382.26 3.4% 7.73 8.68 2.9% 130
Egypt 96.09 332.08 5.1% 55.14 93.78 2.9% 131
Brunei 3.91 12.93 4.9% 0.26 0.42 2.9% 132
Canada 593.94 1,559.62 3.9% 27.70 35.95 2.9% 133
Belgium 201.22 455.27 3.3% 9.93 11.29 2.8% 134
Denmark 138.25 301.30 3.2% 5.14 5.69 2.7% 135
Benin 2.11 8.30 5.6% 5.18 10.58 2.6% 136
Spain 533.92 1,198.39 3.3% 38.85 46.40 2.6% 137
Guinea-Bissau 0.32 1.05 4.8% 1.02 1.77 2.5% 138
Mauritania 1.21 4.83 5.7% 1.95 4.18 2.5% 139
Antigua and Barbuda 0.46 1.37 4.5% 0.06 0.10 2.5% 140
South Africa 115.53 317.70 4.1% 36.58 55.29 2.4% 141
Uganda 5.74 23.50 5.8% 17.84 40.14 2.4% 142
Greece 97.96 195.64 2.8% 10.16 11.22 2.4% 143
Mali 3.22 13.11 5.8% 7.67 17.47 2.3% 144
Montenegro 2.15 4.06 2.6% 0.59 0.63 2.3% 145
Mozambique 4.13 14.80 5.2% 13.54 28.01 2.2% 146
France 1,272.43 2,439.44 2.6% 58.21 64.46 2.2% 147
Sweden 255.94 498.12 2.7% 8.56 9.76 2.2% 148
Algeria 61.89 165.98 4.0% 25.28 39.87 2.1% 149
Tajikistan 2.87 7.86 4.1% 5.30 8.55 2.1% 150
Ivory Coast 10.80 33.13 4.6% 12.78 23.11 2.1% 151
Yemen 12.64 45.59 5.3% 12.31 26.92 2.0% 152
Burkina Faso 3.10 10.43 5.0% 8.87 18.11 2.0% 153
Cyprus 6.00 19.69 4.9% 0.58 1.16 2.0% 154
Comoros 0.25 0.59 3.5% 0.53 0.78 1.9% 155
Madagascar 3.08 9.74 4.7% 12.03 24.23 1.8% 156
São Tomé and Príncipe 0.12 0.32 3.9% 0.12 0.20 1.7% 157
Italy 1,170.29 1,833.79 1.8% 56.72 59.50 1.6% 158
Finland 141.80 232.58 2.0% 4.99 5.48 1.6% 159
United Arab Emirates 49.09 358.14 8.3% 1.87 9.15 1.6% 160
Burundi 1.13 3.01 4.0% 5.69 10.20 1.6% 161
Republic of the Congo 2.80 8.55 4.6% 2.42 5.00 1.6% 162
Senegal 7.24 17.78 3.7% 7.90 14.98 1.0% 163
Cameroon 13.55 30.93 3.4% 12.24 22.83 0.8% 164
Zimbabwe 8.78 16.07 2.4% 10.49 15.78 0.8% 165
Guinea 3.71 8.79 3.5% 6.03 12.09 0.7% 166
Ukraine 90.21 90.94 0.0% 51.54 44.66 0.6% 167
Malawi 3.00 6.40 3.1% 9.45 17.57 0.6% 168
Niger 2.48 7.22 4.4% 7.82 19.90 0.5% 169
Togo 2.06 4.18 2.9% 3.96 7.42 0.3% 170
Gabon 6.34 14.39 3.3% 0.92 1.93 0.3% 171
Serbia 33.86 37.16 0.4% 7.90 8.85 -0.1% 172
Gambia 0.75 1.37 2.4% 0.96 1.98 -0.5% 173
Iran 575.27 375.40 -1.7% 56.67 79.36 -3.0% 174
Democratic Republic of the Congo 41.45 38.40 -0.3% 37.94 76.20 -3.0% 175
North Macedonia 4.27 10.07 3.5% 176
Libya 30.64 17.19 -2.3% 4.36 6.24 -3.7% 178
Cuba 30.90 10.60 11.46 179
Liechtenstein 1.42 0.03 0.04 180
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