What was GDP in 2016?

$18,565.6 billion
Current-dollar GDP increased 2.9 percent, or $529.0 billion, in 2016 to a level of $18,565.6 billion, compared with an increase of 3.7 percent, or $643.5 billion, in 2015 (table 1 and table 3).

What was GDP in 2017?

$1.61 trillion
Its GDP was estimated at A$1.7 trillion as of 2021. The Australian economy is dominated by its service sector, comprising 62.7% of the GDP and employing 78.8% of the labour force in 2017….Economy of Australia.

Statistics
GDP	$1.61 trillion (nominal, 2021 est.) $1.41 trillion (PPP, 2021)
GDP rank	12th (nominal, 2021) 19th (PPP, 2021)

What is the GDP growth in 2020?

India’s Gross Domestic Product (GDP) contracted 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%.

What is the current US GDP?

The gross domestic product of the United States in 2019 amounted to around 21.43 trillion U.S. dollars .

What is the current US GDP growth rate?

The current U.S. GDP growth rate is 1.9%. That means the United States economy grew at a rate of 1.9% in the third quarter of 2019. The third quarter is July through September. The U.S. economy is within the ideal growth rate of between 2% and 3%. Nov 5 2019

What is the history of US GDP?

GDP was first developed by Simon Kuznets for a United States Congress report in 1934. His idea was to calculate all economic production by individuals, companies and the government in a single measure.

What is real GDP growth?

– U.S. gdp growth rate for 2019 was 2.16%, a 0.77% decline from 2018. – U.S. gdp growth rate for 2018 was 2.93%, a 0.56% increase from 2017. – U.S. gdp growth rate for 2017 was 2.37%, a 0.73% increase from 2016. – U.S. gdp growth rate for 2016 was 1.64%, a 1.27% decline from 2015.

What was GDP in 2016? $18,565.6 billion Current-dollar GDP increased 2.9 percent, or $529.0 billion, in 2016 to a level of $18,565.6 billion, compared with an increase of 3.7 percent, or $643.5 billion, in 2015 (table 1 and table 3). What was GDP in 2017? $1.61 trillion Its GDP was estimated at A$1.7 trillion as…