(2020). For information on updates to GDP, see the "Additional Information" section that follows. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In Taiwan, GDP in the second quarter of 2020 was less than 1% lower than in the same period in 2019. Are you sure you want to delete this document? You need at least a Single Account to use this feature. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Consumer price indices - inflation. Unless noted otherwise, annual and quarterly data are presented on a calendar basis. The chart here shows the same GDP data along the horizontal axis. Personal income is the income received by, or on behalf of, all persons from all sources:  from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of transfers. Finland, Lithuania and South Korea all saw falls in their GDP of around 5% or less. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Okay to continue Accessed October 08, 2020. https://www.statista.com/statistics/785546/gross-domestic-product-per-quarter-united-kingdom/. Historical GDP by Country | Statistics from the World Bank | 1960-2018. Quarterly seasonally adjusted values are expressed at annual rates, unless otherwise specified. Our World in Data is free and accessible for everyone. BEA releases three vintages of the current quarterly estimate for GDP: "Advance" estimates are released near the end of the first month following the end of the quarter and are based on source data that are incomplete or subject to further revision by the source agency; "second" and "third" estimates are released near the end of the second and third months, respectively, and are based on more detailed and more comprehensive data as they become available. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The IVA and CCAdj are adjustments that convert inventory withdrawals and depreciation of fixed assets reported on a tax-return, historical-cost basis to the current-cost economic measures used in the national income and product accounts. This chart shows the scale of the recent economic decline across 38 countries for which the latest GDP data is available.1 It plots the percentage fall in GDP seen in the second quarter (April – June) of 2020 as compared to the same period last year, adjusted for inflation. You can change your personal cookie settings through your internet browser settings. Profits for domestic industries reflect profits for all corporations located within the geographic borders of the United States. GDP (current US$) from The World Bank: Data. In tables that display chained-dollar values, a "residual" line shows the difference between the sum of detailed chained-dollar series and its corresponding aggregate. For fourth quarter estimates, these data are not available until the third estimate. We license all charts under Creative Commons BY. May 13, 2020. As soon as this statistic is updated, you will immediately be notified via e-mail. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Directly accessible data for 170 industries from 50 countries Annual updates generally cover at least the 5 most recent calendar years (and their associated quarters) and incorporate newly available major annual source data as well as some changes in methods and definitions to improve the accounts. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. Personal saving is personal income less personal outlays and personal current taxes. and "Why does BEA publish percent changes in quarterly series at annual rates?" Personal saving was $4.69 trillion in the second quarter, compared with $1.59 trillion in the first quarter. The decrease in nonresidential fixed investment primarily reflected a decrease in equipment (led by transportation equipment), while the decrease in residential investment primarily reflected a decrease in new single-family housing. Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. US Election 2020 Forecast: Anyone's Guess? Percent changes in quarterly not seasonally adjusted values are calculated from the same quarter one year ago. Register in seconds and access exclusive features. You can use all of what you find here for your own research or writing. Among the Major Seven economies, the United States recorded the highest annual growth (0.3%), … Rather the relationship we see between the health and economic impacts of the pandemic goes in the opposite direction. The decrease in outlays was led by a decrease in PCE for services. Please consult our full legal disclaimer. Looking at the GDP figures... GDP Forecast by Country | Statistics from IMF | 2020-2024. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). For more information, see the, Bringing Together National, Industry, and State GDP Statistics, BEA is speeding up the release of its industry and state GDP statistics to, Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts and Expenditures - PDF, Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts and Expenditures - XLSX, Effects of Selected Federal Pandemic Response Programs on Personal Income - PDF, Effects of Selected Federal Pandemic Response Programs on Personal Income - XLSX, 4600 Silver Hill Road • Suitland, MD 20746, Effects of Selected Federal Pandemic Response Programs on Personal Income, Information on Updates to the National Income and Product Accounts, coordinate more closely with the quarterly estimates, These three major dimensions of GDP will be synchronized, Glossary: National Income and Product Accounts.