The Business Times
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Which economy did best in 2024?

Ranking countries on five measures

Published Wed, Dec 11, 2024 · 08:03 PM
    • Christmas illuminations along a street in Barcelona. In Spain, annual GDP growth is on track to exceed 3 per cent, driven by a strong labour market and high levels of immigration, which mechanically lifts economic output.
    • Christmas illuminations along a street in Barcelona. In Spain, annual GDP growth is on track to exceed 3 per cent, driven by a strong labour market and high levels of immigration, which mechanically lifts economic output. PHOTO: AFP

    INTEREST rates at their highest in decades, wars in Europe and the Middle East, elections in countries as important as America and India. No matter.

    The world economy delivered another strong performance in 2024; according to the International Monetary Fund, global gross domestic product will rise by 3.2 per cent. Inflation has eased and employment growth remains solid. Stock markets have risen by more than 20 per cent for the second consecutive year.

    Yet, as ever, the rosy global picture conceals wide variation between countries.

    Economic growthGlobal economy

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