Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

Portugal said it aims to reach a target for investment in defense to represent 2% of gross domestic product in 2025, ...

Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on ...

Extreme weather due to climate change may cost Italy more than 5% of GDP in 2050, the country's budget watchdog said on ...

Russia raised the 2025 budget deficit estimate to 1.7% of gross domestic product in April from 0.5% after reducing the energy ...

The upbeat data has reinforced confidence in the UAE’s long-term economic trajectory, driven by structural reforms, increased ...

The balance on Kenya’s current account is usually negative, mirroring the country’s position as a net importer of goods and ...

The World Bank says tariffs will hurt global growth, estimating that the trade war will shave almost half a percentage point ...

By Dipo Aliu Gross Domestic Product (GDP) is one of the most critical economic indicators that reflect a country’s economic ...

The report also reflects that, although this marks a moderation from the 8.4 per cent average seen in the previous 2 years, the economy remains on a strong footing.

GDP per capita is widely used as a proxy for gauging a country’s average living standards. In broad terms, a higher GDP per ...

The UAE’s real gross domestic product (GDP) reached Dhs1,776 billion in 2024, marking a 4 per cent increase compared to that ...