G20 countries that have recorded the highest total GDP growth

Gross Domestic Product (GDP) It is one of the most widely used economic performance indicators, as it allows us to know the state of a country’s economy by measuring its productive activity.

(Read more: Colombia’s inflation decline lags behind its Latin American peers)

The GDP is used to understand how much food, goods and services were produced during a specific period, so It is often used as a reference measure to determine whether an economy is growing or experiencing a decline.

Countries that experience strong growth are often characterized by rapid industrialization and increased consumer spending. A trend that in turn requires balanced development, including investments in infrastructure, education and health.

In this context, the investment specialist profile ‘Invest Billionaire’ carried out an analysis to size up What has been the economic trend in the G20 countries?For this purpose, total GDP growth between 2000 and 2020 was taken as a reference.

(Read more: The mysterious ‘island of death’ that was off-limits to the public for half a century)

(See: Colombia’s economy stagnated again, according to the OECD)

According to the data collected, In that 20-year range, the country whose indicator shows the greatest progress is China.reaching a consolidated figure of 1266%.

The good performance of the Chinese economy is largely explained by being one of the strongest players in foreign trade. However, this performance has weakened in recent years due to the impact of factors such as Covid-19, the real estate crisis and population ageing.

The list highlights that most of the countries occupying the top positions are concentrated in Asia and the Middle East.

(See: Growth expectations for Colombia in 2024 rise despite the challenges it faces)

That being the case, Russia is in second place on the list with 466%. This nation is followed by India, with 440%; Brazil, with 316%; Saudi Arabia, with 300%; Turkey, with 250%; Australia, with 250%; South Korea, with 220%; South Africa, with 200%, and, rounding out the top 10, Indonesia with 175%.

Also on the list are Canada (166%), the United States (109%), the United Kingdom (86%), Germany (77%), France (68%), Italy (63%) and Argentina (33%).

Please note that the value takes as a reference the figures recorded in each country, so The variation in its percentage does not imply that any economy is stronger than another.

(Read more: Colombia, one of the leaders of Open Finance in the region)

PORTFOLIO