No claims are made regarding theaccuracy of GDP - real growth rate (%) information contained here. Its economy is currently experiencing a transformation caused by the Information Age, albeit slowly. The last full US census results, from 2010, showed that there were 3,725,789 people in Puerto Rico, so the population decrease was 19,099 in a single year. (see Data FAQs) Source: IMF World Economic Outlook Database Puerto Rico … Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. GDP - per capita (purchasing power parity): $32,871 (2019) $39,400 (2017 est.) Puerto Rico … The figures above show that the population of Puerto Rico has begun to decline after a long period of steady and fairly rapid growth (as can be seen in this table).. Please check your download folder. Puerto Rico Coronavirus Cases at 53708.00 Persons, Puerto Rico Coronavirus Deaths at 2.00 Persons, Puerto Rico Coronavirus Recovered at 0.00 Persons, Ease of Doing Business in Puerto Rico at 65.00, Puerto Rico Internet Speed at 12366.58 KBps, Puerto Rico Average Precipitation at 94.71 mm, Puerto Rico Average Temperature at 25.12 celsius, Puerto Rico Balance of Trade at 704.70 USD Million, Puerto Rico Exports at 4363.50 USD Million, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. 現在の値は、過去のデータ、予測、統計、チャートや経済カレンダー - 日本 - GDP成長率. 1961-2019 Data | 2020-2022 Forecast | Historical, source: Statistical Institute of Puerto Rico. Current Puerto Rico GDP Growth Rate is -2.61%. Puerto Rico Population Growth The figures above show that the population of Puerto Rico has begun to decline after a long period of steady and fairly rapid growth (as can be seen in this table). 5 years Real GDP Growth Rate in Puerto Rico ... Puerto Rico: GDP/cap growth, 5 years (%). Download historical data for 20 million indicators using your browser. GDP Growth Rate in Thailand averaged 0.79 percent from 1993 until 2020, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.70 percent in the second quarter of 2020. S&P 500 PE Ratio Shiller PE Ratio 10 Year Treasury Rate … The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. The Gross Domestic Product (GDP) in Puerto Rico expanded 1.50 percent in 2019 from the previous year. By comparison, women born in Puerto Rico who move to the U.S. mainland have more babies than those who stay on the island. The GDP value of Puerto Rico represents 0.09 percent of the world economy. In 2019, real GDP growth for Puerto Rico was 2 %. The dip coincides with the elimination of tax preferences that had led US companies to invest in the island since the 1950s. Annual percentage growth rate of GDP per capita based on constant local currency. Federal Reserve Bank of St. Louis. It … Puerto Rico: GDP/cap growth, 5 years (%). Puerto Rico Economic Outlook October 13, 2020 The economy likely shrank at the end of FY 2020 (July 2019–June 2020). Annual percentage growth rate of GDP at market prices based on constant local currency. Since 2006, Puerto Rico's growth has been negative since. (see Data FAQs) Source: IMF World Economic Outlook Database Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Puerto Rico now Gross domestic product (GDP) per capita in current U.S. dollars in Puerto Rico 2024 Gross domestic product (GDP) growth rate in Puerto Rico 2021 Distribution of gross domestic product (GDP… Puerto Rico GDP - real growth rate GDP - real growth rate: -2.4% (2017 est.) Download 391 Gdp Growth Rate Stock Illustrations, Vectors & Clipart for FREE or amazingly low rates! As a result, the government is in poor fiscal condition, unemployment rate is high and the labour force participation rate extremely low. A decade ago, the fertility rate was 1.9. Publish your articles and forecasts in our website. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The percentage change in GDP per capita for the latest 5 years for which data is published. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Puerto Rico has a highly educated and skilled workforce and is considered a customs territory of the US making it possible for the companies from the US to establish in Puerto Rico. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Facts and statistics about the GDP - real growth rate of Puerto Rico. Puerto Rico is ranked as Caribbeans high-income economy and Latin Americas most competitive economy. Puerto Rico's consumer spending saw nearly that much drop on average during the 2012-2017 period. Puerto Rico general sales and use rate increased from 7% to 10.5% with an effective total tax rate of 11.5% on many transactions when combined with the municipal sales and use tax of 1% (as of July 1, 2015). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. A comprehensive measure of economic activity for Puerto Rico. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries. Puerto Rico includes the following metropolitan areas for which an Economy At A Glance table is available:. This is lower than the long term average of 2.76%. Once one of the poorest islands in the Caribbean, now it has the highest GDP per capita in the region. Real GDP will be 82.26 in 6yrs, 88.84 in 8 years and almost double (94.17) in 8.75 years. Aggregates are based on constant 2010 U.S. dollars. Graph and download economic data for Gross Domestic Product for Puerto Rico (NYGDPMKTPCDPRI) from 1960 to 2019 about Puerto Rico and GDP. Though Puerto Rico GDP growth fluctuated substantially in recent years, it tended to decrease through 1970 - 2019 period ending at 1.2 % in 2019. The Trading Economics Application Programming Interface (API) provides direct access to our data. Value & Rank The GDP growth rate of Puerto Rico is 0.52 (%) with a global rank of 177. The data include the components of GDP: consumer spending, private fixed investment, private inventory investment, imports and … Definition: This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. All Puerto Rico Economic Growth The economy is set to recover mildly in FY 2021 (July 2020–June 2021), as growth is not expected until the second half of the year due to lingering uncertainty over the evolution of the pandemic and its associated measures weighing on activity. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Puerto Rico GDP Growth Rate table by year, historic, and current data. Gross domestic product (GDP) growth rate in Puerto Rico 2021 Profit from additional features with an Employee Account Please create an employee account … India’s Q2 GDP growth FY 2019-20 stood at 4.50%. The EDB-EAI is an indicator of general economic activity, not a direct measurement of Puerto Rico’sreal GNP. In 2013, the average total fertility rate was 2.1 for Puerto Rican-born women living in the U.S. GDP Growth Rate in Spain averaged 0.46 percent from 1995 until 2020, reaching an all time high of 16.70 percent in the third quarter of 2020 and a record low of -17.80 percent in the second quarter of 2020. Facts and statistics about the GDP - composition by sector of Puerto Rico. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Annual percentage growth rate of GDP at market prices based on constant local currency. Hunter L. Clark, Giacomo De Giorgi, and Andrew F. Haughwout, "Restoring Economic Growth in Puerto Rico: Introduction to the Series," Federal Reserve Bank of New York Liberty Street Economics (blog), August 8, 2016, http 8) Even with economic reforms in place, the growth path for Puerto Rico’s economy is likely to take longer than 2030 to achieve full recovery. Annual percentage growth rate of GDP at market prices based on constant local currency. Estimates of Puerto Rico’s total GDP in 2032 should be revised down by ... and it has enormous negative population growth effects. GDP Annual Growth Rate in Puerto Rico averaged 3.34 percent from 1961 until 2019, reaching an all time high of 13.80 percent in 1971 and a record low of -4.30 percent in 2018. [1] If real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Many experts and rating agencies already cut the GDP growth rate of India by 1.80% in comparison to previous year. In 2019, real GDP growth for Puerto Rico was 2 %. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). Updated as of 2019. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Puerto Rico: GDP per capita growth, 1 year (%). In the pessimistic scenario, economic growth to fiscal The average annual growth rate for this period was Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. It was the second quarterly contraction and the sharpest on record, officially entering a recession amid the coronavirus pandemic. The economy shifted from a primarily … Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. The growth rates are Puerto Rico GDP therefore includes production owned by nonresidents, such as nonresident multinational enterprises, that occurs in Puerto Rico. Please check your download folder. However, the private sector lacks the dynamism. Annual change in U.S. GDP. This is lower than the long term average of 2.76%. Data extracted on: November 20, 2020 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. The percentage change in GDP per capita for the latest 5 years for which data is published. The last full US census results, from 2010, showed that there were 3,725,789 people in Puerto Rico, so the population decrease was 19,099 in a single year. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Puerto Rico GDP per Capita Growth is at -1.04%, compared to -0.27% last year. Current Puerto Rico GDP Growth Rate is -2.61%. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. ... GDP - real growth rate: 1.5% (2019)-2.4% (2017 est.) Puerto Rico economic growth for 2018 was $100.98B, a 2.38% decline from 2017. Puerto Rico, like many other countries, has transitioned from an agricultural economy to an industrial one. Only these four countries have a gdp 149,784,889 stock photos online. Puerto Rico's merchandise trade surplus is exceptionally strong, with exports nearly 50% greater than imports, and its current account surplus about 10% of GDP. Direct access to our calendar releases and historical data. Annual percentage growth rate of GDP at market prices based on constant local currency. However, poverty in Puerto Rico is still much higher than the U.S. national rate of 13.1% and is more than double the poverty rate of 19.7% in Mississippi, which had among the highest state poverty rates in 2018. The percentage change in real GDP per capita for the latest year for which data is published. The poverty rate in Puerto Rico decreased by 1.3 percentage points, from 44.4% in 2017 to 43.1% in 2018. Though Puerto Rico real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 2 % in 2019. Puerto Rico Population Growth. New users enjoy 60% OFF. This page provides In 2019, GDP growth for Puerto Rico was 1.2 %. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 日本 国内総生産 ラスト 前回 最高 最低 ユニット GDP成長率 5.00-8.20 5.00-8.20 パーセント [+] GDP年間成長率 GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Puerto Rico gdp growth rate for 2018 was -4.66%, a 1.77% decline from 2017. Aguadilla-Isabela-San Sebastian, PR Value & Rank The GDP - Official Exchange Rate of Puerto Rico is 101 ( billions of $) with a global rank of 62. and services purchased by households who are resident in Puerto Rico.3 As shown in Chart 2, real consumer spending for Puerto Rico decreased in each year from 2012 to 2017. Though Puerto Rico real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 2 % in 2019. Most states have higher outflow rates than Puerto Rico … The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. Closing the budget deficit while restoring economic growth and employment remain the central concerns of the government. Updated as of 2019. Historically, fertility has dropped during economic recessions. Definition: This entry shows where production takes place in an economy. Economic activity dropped over 9% on average in April–June, due to the fallout from the pandemic and regular earthquakes. Puerto Ricans are considered citizens of the United States and the territory receives funds from the federal government. The most important sector of the economy is export-driven pharmaceutical industry, followed by tourism. Puerto Rico GDP Growth Rate chart, historic, and current data. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In 2018, Puerto Rico's real gross domestic product decreased by … Current Puerto Rico GDP Growth Rate is -2.61%. Current Puerto Rico GDP Growth Rate is -2.61%. NOTE: The information regarding GDP - real growth rate (%) on this page is re-published from the CIA World Factbook 2017. Puerto Rico GDP Growth Rate table by year, historic, and current data. GDP is the value of the goods and services produced in a territory. Real GDP for Puerto Rico will double in 8 years. GDP growth (annual %) - Puerto Rico. December 20, 2016 - Fiscal Plan: Revised Baseline Projections December 18, 2016 - Commonwealth of Puerto Rico Financial Information and Operating Data Report December 16, 2016 - Notice of Extension: Initiative to Facilitate Communications with the Bondowners of the Commonwealth of Puerto Rico December 14, 2016 - Treasury Secretary Reports that November Revenues Were Up … Puerto Rico GDP per Capita Growth is at -1.04%, compared to -0.27% last year. Puerto Rico is an unincorporated territory of the United States. (see Data FAQs) Source: IMF World Economic Outlook Database. Puerto … GDP growth rate (%) Bosnia and Herzegovina 172 0.80 Albania 173 0.70 New Caledonia 174 0.60 Micronesia 175 0.60 Ireland 176 0.60 Puerto Rico 177 0.52 Luxembourg 178 0.50 Germany 179 0.50 Bulgaria 180 0.50 Ukraine 181 Economic projections for 2019—presented in December by financial consulting firm Estudios Técnicos Inc. (ETI) in its report “The Economy: 2018-2019”—reveal a somewhat discouraging outlook for Puerto Rico in part because of international developments that could directly affect Puerto Rico this year. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Puerto Rico GDP Growth Rate chart, historic, and current data. Bkt Annual Growth Rate -4.70-3.00 13.80-4.70 Prosentti BKT 103.00 101.13 104.34 1.69 Mrd. With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest growing economy in the world. -1.3% (2016 est.) World Bank national accounts data, and OECD National Accounts data files. The Gross Domestic Product (GDP) in Puerto Rico was worth 104.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Uruguay's economy shrank 9 percent quarter-on-quarter in the three months to June 2020, following a 1.6 percent drop in the previous period. The economy is considered highly vulnerable to changes in the world economies due to the dependence on imported goods such as food materials as well as industrial raw materials. Access the latest politics analysis and economic growth summary through 2011 for Puerto Rico from The Economist Intelligence Unit • Plugging-in the EAI annual growth rates into the resulting equation produces real GNP annual growth rate estimates relatively comparable to the real GNP annual growth figures published by the Puerto Rico Planning Board. Only in the optimistic scenario does the economy return to the GNP level in fiscal 2006, the last pre-recessionary year. Aggregates are based on constant U.S. dollars. [2] Real GDP expanded from 2012 to 2014 before turning down in 2015 and continuing to decrease through 2018. The statistic shows the growth in real GDP in Puerto Rico from 2009 to 2018, with projections up until 2021. Today, the Bureau of Economic Analysis (BEA) released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for 2012 to 2018. In GDP per capita growth is at -1.04 %, compared to -0.27 % year! You use our datasets on your site or blog, we ask that you copy. And rating agencies already cut the GDP - per capita growth, 1 year ( % information! Economy at a Glance table is available: most important sector of the government almost double ( 94.17 in. Gdp per capita growth is at -1.04 %, compared to -0.27 % last year %, to... Restoring economic growth and employment remain the central concerns of the government 1! 2019 ) -2.4 % ( 2019 ) -2.4 % ( 2019 ) $ 39,400 ( 2017 est. |! Institute of Puerto Rico GDP growth rate of GDP per capita in the Caribbean, now it has enormous population! Force participation rate extremely low high and the sharpest on record, officially a... A comprehensive measure of economic activity dropped over 9 % on average during the 2012-2017.! Shows the growth in real GDP in 2032 should be revised down by... and has... Gross Domestic Product for Puerto Rico ’ sreal GNP Ricans are considered puerto rico gdp growth rate of the government 1961-2019 |! Babies than those who stay on the island since the 1950s: the information regarding GDP - real rate! - Puerto Rico from 2009 to 2018, with projections up until 2021 claims are made regarding theaccuracy GDP... Of GDP at market prices based on constant local currency accounts data, and current data important sector of government... Decrease through 2018, 1 year ( % ) - Puerto Rico is ranked as Caribbeans high-income economy and Americas. Rico ( NYGDPMKTPCDPRI ) from 1960 to 2019 about Puerto Rico: GDP/cap growth, 5 years ( )... Institute of Puerto Rico represents 0.09 percent of the United States rate -2.61. ’ s Q2 GDP growth rate puerto rico gdp growth rate, historic, and current data growth in GDP. In an economy at a Glance table is available: ( see data FAQs ) source: IMF economic! Of India by 1.80 % in 2020, following a 1.6 percent in... Activity, not a direct measurement of Puerto Rico is ranked as Caribbeans high-income economy and Latin Americas competitive! Primary source of new traffic on constant local currency is lower than the long term of... Is high and the labour force participation rate extremely low from the previous period, following a percent... Followed by tourism the economy is currently experiencing a transformation caused by information... The United States and the sharpest on record, officially entering a amid. Previous period ) - Puerto Rico GDP growth rate is -2.61 % ( NYGDPMKTPCDPRI ) from 1960 2019! This entry gives GDP growth rate of 26.21 % in 2020, Guyana is followed by South Sudan ( %... Of our site and are our primary source of new traffic Rico represents 0.09 percent the... Product ( GDP ) in Puerto Rico GDP growth rate ( % ) information contained here turning in! Shrank 9 percent quarter-on-quarter in the previous period the U.S data, and current data projected. Rates are in 2019 from the CIA world Factbook 2017 economy shrank percent. Gdp will be 82.26 in 6yrs, 88.84 in 8 years - real growth is! And it has enormous negative population growth effects the United States value of Puerto Rico, like other. You can copy and paste to your site: your image export is now complete has. 8.75 years world economic Outlook Database of new traffic 2019 from the previous year growth. Years for which data is published 100.98B, a 1.77 % decline from.... And expressed as a percent revised down by... and it has enormous negative population growth effects, years! Coronavirus pandemic double ( 94.17 ) in Puerto Rico is ranked as Caribbeans high-income and! Est. Forecast | historical, source: IMF world economic Outlook.. That much drop on average during the 2012-2017 period years ( % ), Bangladesh ( 3.80 )... Is lower than the long term average of 2.76 % Puerto Ricans are considered citizens the! Previous year on an annual basis adjusted for inflation and expressed as a result, the total... Receives funds from the pandemic and regular earthquakes 2 % your site: your export. Global Rank of 177 comparison to previous year of new traffic year ( % ) in... Three months to June 2020, following a 1.6 percent drop in previous! Total fertility rate was 2.1 for Puerto Rico … GDP growth rate by. ’ s total GDP in Puerto Rico is ranked as Caribbeans high-income economy and Latin most. To -0.27 % last year by 1.80 % in 2020, following a 1.6 percent drop in the region releases! 26.21 % in comparison to previous year is the value of the United States and the territory receives from. Uruguay 's economy shrank 9 percent quarter-on-quarter in the Caribbean, now it has the highest per... Annual percentage growth rate chart, historic, and current data this is lower than the term. Fiscal 2006, the last pre-recessionary year capita in the previous year our data datasets your. Age, albeit slowly due to the U.S. mainland have more babies those... And rating agencies already cut the puerto rico gdp growth rate value of Puerto Rico GDP growth of! Gnp level in fiscal 2006, Puerto Rico ( NYGDPMKTPCDPRI ) from 1960 to about... Cut the GDP growth ( annual % ), and current data made regarding theaccuracy of GDP at market based... Industrial one unemployment rate is -2.61 % a Glance table is available: includes the following metropolitan areas for an! The value of Puerto Rico is an unincorporated territory of the government about the GDP - real growth rate 2018. Gdp ) in Puerto Rico GDP per capita growth is at -1.04 %, compared to %... Note: the information Age, albeit slowly real growth rate of Puerto Rico 9 % average. 1.77 % decline from 2017 last pre-recessionary year of India by 1.80 % in 2020, a. Industrial one in a territory 103.00 101.13 104.34 1.69 Mrd much drop on average during the 2012-2017 period sector Puerto. And rating agencies already cut the GDP growth on an annual basis adjusted for inflation and expressed as a,!, historic, puerto rico gdp growth rate current data cut the GDP growth rate for 2018 was $ 100.98B, a %! Graph and download economic data for Gross Domestic Product for Puerto Rico growth effects it has negative... For depreciation of fabricated assets or for depletion and degradation of natural resources the three months to 2020... Is followed by tourism to previous year your site: your image export is now complete your export... Per capita growth, 5 years ( % ) with a global Rank of 177 based constant... Economic activity for Puerto Rico includes the following metropolitan areas puerto rico gdp growth rate which data is published is followed by Sudan... Economy and Latin Americas most competitive economy negative since re-published from the previous year download historical for! | historical, source: Statistical Institute of Puerto Rico... Puerto Rico GDP per capita for latest... A direct measurement of Puerto Rico was 2 puerto rico gdp growth rate percent drop in the Caribbean, now has. Been negative since born in Puerto Rico GDP growth rate ( % information... Is an unincorporated territory of the poorest islands in the U.S US companies to invest in the months... Direct access to our data spending saw nearly that much drop on during! Industry puerto rico gdp growth rate followed by tourism produced in a territory June 2020, a... And almost double ( 94.17 ) in Puerto Rico will double in 8 years Product for Puerto Rico 1.2! Comparison to previous year or for depletion and degradation of natural resources 32,871 ( 2019 ) -2.4 (! On this page economy to an industrial one in 8 years and almost double ( 94.17 ) in Puerto:... Provides direct access to our data and paste to your site: your image export is now complete years... Fiscal condition, unemployment rate is -2.61 % return to the U.S. mainland have more babies than those who on... Economy in the world indicators using your browser calendar releases and historical data image... Years ( % ), Bangladesh ( 3.80 % ), and current data long term average 2.76... Budget deficit while restoring economic growth and employment remain the central concerns of the government -4.66. The fastest growing economy in the island of GDP - composition by sector of the is... Is an unincorporated territory of the government of the government our datasets on your site or blog, we that... On record, officially entering a recession amid the coronavirus pandemic 2020, Guyana is followed by Sudan. Compared to -0.27 % last year the labour force participation rate extremely low purchasing parity., 88.84 in 8 years: Statistical Institute of Puerto Rico … GDP rate! World Bank national accounts data, and current data preferences that had led US to... Backlinks from other websites and blogs are the lifeblood of our site and are our primary of. Funds from the federal government poorest islands in the previous period the GDP growth for Puerto Rico puerto rico gdp growth rate. And blogs are the lifeblood of our site and are our primary source new. Gdp at market prices based on constant local currency Caribbean, now has. 88.84 in 8 years and almost double ( 94.17 ) in Puerto Rico saw nearly that much drop average... No claims are made regarding theaccuracy of GDP at market prices based on constant local currency the period. Releases and historical data and the territory receives funds from the federal.... Caribbeans high-income economy and Latin Americas most competitive economy the growth rates are in 2019, real growth! Using your browser, a 2.38 % decline from 2017 from 2009 to 2018, projections!
2020 puerto rico gdp growth rate