12, Aug 2020, EDT.

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Country or Region: Advanced Economies › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Advanced Economies indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: US Dollar
Currency Symbol: US$

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

Output Gap, Percent of Potential GDP for Advanced Economies in year 2015 is -1.507 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Advanced Economies n/a in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Advanced Economies is 1.28 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Advanced Economies was -1.84 % Output Gap, Percent of Potential GDP for Advanced Economies in 2015 was or will be 18.28% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Advanced Economies was or will be -1.22 %, which is 18.98% less than the 2015 figure.