by Econ Staff
Econintersect: For 2011 , G20 GDP rose by +2.8%, as compared with the +5.0% growth recorded in 2010. The latest World Bank report records diverging patterns among the G 20 economies. In US the growth rate increased to 0.7% in 4Q 2011, from 0.5% 3Q 2011. In China growth rate decreased to 2.0% in 4Q 2011, from 2.3% 3Q 2011. In European Union growth rate decreased to -0.3% from 0.3%. Strong performing economies have been Indonesia and India
As part of an initiative to reduce the data gaps, The International Monetary Fund has released data based on a set of 20 recommendations by G 20 Finance Ministers and Central Bank Governors. The latest report released in Washington DC on March 14, 2012, is part of this initiative to provide timely data of G 20 economies. Table below from the report tracks the changes in GDP growth.
Quarterly GDP in volume terms for the G20
Percentage change on the previous quarter, seasonally adjusted data
| 2009Q2 | 2009Q3 | 2009Q4 | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
Argentina | 0.4 | 0.4 | 2.3 | 3.6 | 2.9 | 0.6 | 3.0 | 3.2 | 2.4 | 1.1 | .. |
Australia | 0.1 | 0.8 | 0.8 | 0.7 | 0.6 | 0.3 | 0.6 | -0.3 | 1.4 | 0.8 | 0.4 |
Brazil | 1.5 | 2.6 | 2.8 | 1.9 | 1.2 | 1.0 | 1.1 | 0.6 | 0.5 | -0.1 | 0.3 |
Canada | -0.9 | 0.4 | 1.2 | 1.4 | 0.6 | 0.6 | 0.8 | 0.9 | -0.2 | 1.0 | 0.4 |
China | .. | .. | .. | .. | .. | .. | .. | 2.1 | 2.3 | 2.3 | 2.0 |
France | 0.1 | 0.3 | 0.6 | 0.1 | 0.5 | 0.4 | 0.3 | 0.9 | -0.1 | 0.3 | 0.2 |
Germany | 0.3 | 0.8 | 0.7 | 0.5 | 1.9 | 0.8 | 0.5 | 1.3 | 0.3 | 0.6 | -0.2 |
India | 2.6 | 2.6 | 0.9 | 5.5 | 0.2 | 2.3 | 2.3 | 2.4 | 1.2 | 0.9 | 1.8 |
Indonesia | 1.3 | 1.8 | 1.3 | 1.5 | 1.6 | 1.4 | 2.2 | 1.1 | 1.6 | 1.4 | 2.1 |
Italy | -0.2 | 0.4 | -0.2 | 1.1 | 0.5 | 0.4 | 0.2 | 0.1 | 0.3 | -0.2 | -0.7 |
Japan | 1.8 | -0.2 | 1.8 | 1.5 | 1.3 | 0.6 | -0.2 | -1.8 | -0.3 | 1.7 | -0.2 |
Korea | 2.5 | 3.4 | 0.2 | 2.1 | 1.4 | 0.6 | 0.5 | 1.3 | 0.9 | 0.8 | 0.4 |
Mexico | 0.0 | 2.5 | 2.1 | 0.9 | 1.5 | 0.7 | 1.2 | 0.5 | 1.5 | 1.2 | 0.4 |
Russian Federation | -1.5 | 1.6 | 1.3 | 1.6 | 0.6 | -0.1 | 2.2 | 1.1 | 0.3 | 1.3 | .. |
Saudi Arabia | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
South Africa | -0.7 | 0.4 | 0.9 | 1.0 | 0.7 | 0.8 | 1.1 | 1.1 | 0.3 | 0.4 | 0.8 |
Turkey | 5.2 | 4.2 | 1.0 | 0.7 | 3.8 | 1.3 | 3.6 | 1.9 | 1.1 | 1.7 | .. |
United Kingdom | -0.2 | 0.2 | 0.7 | 0.4 | 1.1 | 0.7 | -0.5 | 0.3 | 0.0 | 0.5 | -0.2 |
United States | -0.2 | 0.4 | 0.9 | 1.0 | 0.9 | 0.6 | 0.6 | 0.1 | 0.3 | 0.5 | 0.7 |
European Union | -0.3 | 0.4 | 0.4 | 0.5 | 0.9 | 0.5 | 0.2 | 0.7 | 0.2 | 0.3 | -0.3 |
of which: Euro area | -0.2 | 0.5 | 0.4 | 0.4 | 0.9 | 0.4 | 0.3 | 0.8 | 0.1 | 0.1 | -0.3 |
G20 | 0.7 | 1.2 | 1.3 | 1.5 | 1.2 | 1.0 | 1.1 | 0.8 | 0.8 | 0.9 | 0.7 |
| Acceleration | Deceleration | Figures in Percent | ||
| Country | Q1 2011 | Q2 2011 | Q3 2011 | Q4 2011 |
| US | 0.00 | -0.50 | 0.20 | 0.20 |
| Europe | 0.50 | -0.50 | 0.10 | -0.60 |
| China | Not available | 0.20 | 0.00 | -0.30 |
| India | 0.10 | -1.20 | -0.30 | 0.90 |
| Indonesia | -1.10 | 0.50 | -0.20 | 0.70 |
