Gross domestic product and agriculture value added 2014–2023
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Gross domestic product is the most frequently quoted indicator of economic performance. It is a comprehensive measure of economic growth, as it measures the total value added generated within an economy over a specific time period. The FAOSTAT Macro Indicators data domain provides macroeconomic indicators at the country and regional levels relating to total economy; agriculture, forestry and fishing; manufacturing; agriculture sub-industry (agriculture) and manufacturing sub-industry (food and beverages products; tobacco products; food, beverages and tobacco products).According to the latest data analysed in this analytical brief, global gross domestic product expanded significantly over the past five decades, growing at an average annual rate of 3.0 percent from USD 21.6 trillion in 1974 to USD 92.6 trillion in 2023. This steady rise occurred despite a range of global disruptions, including recessions, a pandemic, and geopolitical tensions.