Forecasted global real GDP growth 2019-2024

Published by
Einar H. Dyvik,
Jul 4, 2024
The coronavirus (COVID-19) pandemic, has had a significant impact on the global economy. In 2020, global Gross Domestic Product (GDP) decreased by 3.4 percent, while the forecast initially was 2.9 percent GDP growth. As the world's governments are working towards a fast economic recovery, the GDP increased again in 2021 by 5.8 percent. Global GDP increased by over three percent in 2022, but it is still not clear to what extent Russia's war in Ukraine will impact the global economy. Global GDP growth is expected to slow somewhat in 2023.

Global real Gross Domestic Product (GDP) growth after the coronavirus (COVID-19) from 2019 with a forecast until 2024

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Release date

June 2023

Region

Worldwide

Survey time period

June 2023

Supplementary notes

* Before coronavirus pandemic, as of November 2019.
Original forecasts for 2020 and 2021 can be found here.

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