National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G20
G20NAEXKP01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-23.41%
Date Range
1/1/1999 - 1/1/2025
Summary
The Gross Domestic Product (GDP) - Total for G20 measures the total economic output of the G20 countries at constant prices. This key indicator provides insight into the overall health and growth trajectory of the world's major economies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP - Total for G20 aggregates the economic production of the G20 countries, which account for over 80% of global GDP. Analyzing this metric helps economists and policymakers understand global economic trends and interdependencies.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from member countries.
Historical Context
This broad economic indicator is widely used to assess the state of the global economy and inform fiscal and monetary policy decisions.
Key Facts
- The G20 accounts for over 80% of global GDP.
- GDP growth in the G20 averaged 3.5% annually from 2010-2019.
- China and the United States are the two largest contributors to G20 GDP.
FAQs
Q: What does this economic trend measure?
A: The GDP - Total for G20 measures the aggregate economic output of the 20 largest economies, providing a gauge of overall global economic activity.
Q: Why is this trend relevant for users or analysts?
A: This broad indicator is crucial for understanding the health and growth trajectory of the global economy, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data reported by the member countries of the G20.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the G20 GDP metric to assess the state of the global economy and inform fiscal, monetary, and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag, and may be subject to revisions as more complete information becomes available from member countries.
Related Trends
Balance of Payments: Services: Expenditure for G20
G20B6DBSE01CXCUSAQ
Balance of payments BPM6: Financial account: Direct investment: Direct investment Net acquisition of financial assets for G20
G20B6FADI02CXCUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G20
G20CPALTT01IXOBM
International Merchandise Trade Statistics: Trade Balance: Commodities for G20
G20XTNTVA01CXMLM
International Merchandise Trade Statistics: Imports: Commodities for G20
G20XTIMVA01CXMLSAM
Balance of payments BPM6: Current account Credits: Secondary income: Total Credits for G20
G20B6CRSI01CXCUQ
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G20 (G20NAEXKP01GYSAQ), retrieved from FRED.