What was the GDP in 2011?
$15,599,700 million
The GDP figure in 2011 was $15,599,700 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish.
What was the average GDP in 2012?
Current-dollar GDP increased 4.0 percent, or $600.3 billion, in 2012, compared with an increase of 4.0 percent, or $576.8 billion, in 2011.
What was GDP growth in 2012?
Annual growth of the real Gross Domestic Product (GDP) of the United States from 1990 to 2020
| Year | Annual rate in percent |
|---|---|
| ’13 | 1.8% |
| ’12 | 2.2% |
| ’11 | 1.6% |
| ’10 | 2.6% |
What happened to the economy in 2011?
The US economy ground to a virtual halt in the first half of the year, with consumer spending at its weakest level in two years. The world’s largest economy grew by just 0.4% between January and June – half the pace of growth in austerity Britain.
What country has the highest GDP in 2011?
The five economies with the highest GDP per capita are Qatar, Macao SAR, China,, Luxembourg, Kuwait, and Brunei. The first two economies have more than $100,000 per capita.
What was the GDP in 2010?
$66,036,387,107,063
Global GDP by Year
| Year | GDP Real (Inflation adj.) | GDP Nominal (Current USD) |
|---|---|---|
| 2012 | $69,835,075,997,485 | $75,061,410,005,884 |
| 2011 | $68,117,537,705,699 | $73,367,916,052,190 |
| 2010 | $66,036,387,107,063 | $66,036,387,107,063 |
| 2009 | $63,278,666,091,537 |
Which country has the highest GDP in the world?
United States
GDP by Country
| # | Country | GDP (abbrev.) |
|---|---|---|
| 1 | United States | $19.485 trillion |
| 2 | China | $12.238 trillion |
| 3 | Japan | $4.872 trillion |
| 4 | Germany | $3.693 trillion |
What was GDP growth in 2017?
2.33%
U.S. gdp growth rate for 2017 was 2.33%, a 0.62% increase from 2016.
What caused 2011 recession?
The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis. The Great Recession’s legacy includes new financial regulations and an activist Fed.
What was the economy like in 2012?
At the end of 2012, the U.S. debt was $16.05 trillion. That made the debt-to-GDP ratio 100%, higher than at any time since World War II. 23 Debt was driven by government spending and reduced revenue from taxes, thanks to slow economic growth. The Fiscal Year 2012 budget deficit was $1.077 trillion.
What was the highest GDP in 2011?
Bureau of Labor Statistics In 2011, among countries covered by the BLS international comparisons program, Norway had the highest GDP per capita ($61,900), followed by Singapore and the United States. Norway had the highest GDP per hour worked ($81.50), followed by Ireland and the United States.
What country has the highest GDP in 2010?
Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates….GDP (constant 2010 US$) – Country Ranking.
| Rank | 1 |
|---|---|
| Country | United States |
| Value | 17,856,500,000,000.00 |
| Year | 2018 |
What is the current GDP growth rate of Singapore?
Singapore GDP Growth Rate – Historical Data Year GDP Growth (%) Annual Change 2020 -5.39% -6.74% 2019 1.35% -2.15% 2018 3.50% -1.02% 2017 4.52% 1.19%
Will Singapore’s economy grow in 2012?
Singapore’s economy grew by 4.9 percent in 2011 and the government’s latest forecast for 2012, just made in November, had been for expansion of around 1.5 percent. The 1.2 percent growth cited by Lee was, however, slightly higher than the 1.1 percent estimate of most economists in a Reuters poll.
What is the per capita income in Singsing Singapore?
Singapore GDP – Historical Data Year GDP Per Capita Growth 2020 $340.00B $59,798 -5.39% 2019 $374.39B $65,641 1.35% 2018 $375.98B $66,679 3.50% 2017 $343.34B $61,176 4.52%
Why does Singapore use an alternative conversion factor for GDP?
For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Singapore gdp for 2019 was $372.06B, a 0.31% decline from 2018. Singapore gdp for 2018 was $373.22B, a 9.17% increase from 2017.