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- 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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May 29, 2023 · Gross domestic product (GDP) World Bank. This data is adjusted for inflation and for differences in the cost of living between countries. Source. World Bank (2023) – with minor processing by Our World in Data. Last updated. May 29, 2023. Next expected update. May 2024. Date range. 1990–2021. Unit. international-$ in 2017 prices. Chart 1 of 2.
Jun 8, 2021 · Despite this year’s pickup, the level of global GDP in 2021 is expected to be 3.2% below pre-pandemic projections, and per capita GDP among many emerging market and developing economies is anticipated to remain below pre-COVID-19 peaks for an extended period. As the pandemic continues to flare, it will shape the path of global economic activity.
