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San Marino: GDP growth (annual %)

In , San Marino's GDP growth (annual %) was 0.40.

That's down 94.9% from 2022, the highest value since .

The global average for this indicator in 2023 was 3.07 .

Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG) • Data as of 2023

Trend (2005–2023)

San Marino GDP growth (annual %) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
13.90
Trough
-10.32
1-year change
-94.9%
5-year change
-73.1%
-23.1% / yr
10-year change
+151.3%

Historical Data — Last 10 Years

Year GDP growth (annual %)
0.4019
7.8984
13.8978
-6.6479
2.0657
1.4939
0.2583
2.3444
2.2915
-0.7024

About GDP growth (annual %)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.MKTP.KD.ZG • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was San Marino's GDP growth (annual %) in 2023?
In 2023, San Marino's GDP growth (annual %) was 0.40, according to World Bank Open Data.
Is San Marino's GDP growth (annual %) rising or falling?
San Marino's GDP growth (annual %) fell 94.9% from 2022 to 2023.
How does San Marino's GDP growth (annual %) compare to the world average?
The global average for GDP growth (annual %) in 2023 was 3.07, so San Marino is below the world average.
What is GDP growth (annual %) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.