Major advanced economies (G7) (G7 Countries) Output Gap, Percent of Potential GDP Statistics

14, Nov 2019, EST.

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Country or Region: Major advanced economies (G7) (G7 Countries) › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Major advanced economies (G7) 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 Statistics for Major advanced economies (G7) (G7 Countries), Year 2015 - In Detail

Output Gap, Percent of Potential GDP for Major advanced economies (G7) in year 2015 is -1.462 %. 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 Major advanced economies (G7) 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 %; Major advanced economies (G7) is 1.23 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Major advanced economies (G7) was -1.85 % Output Gap, Percent of Potential GDP for Major advanced economies (G7) in 2015 was or will be 21.06% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Major advanced economies (G7) was or will be -1.13 %, which is 22.50% less than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Major advanced economies (G7), in other Years
Year %
  2021 -0.121
  2020 -0.185
  2019 -0.254
  2018 -0.439
  2017 -0.759
  2016 -1.133
2015 -1.462
  2014 -1.852
  2013 -2.179
  2012 -2.107
  2011 -2.309
  2010 -2.858
  2009 -4.604
  2008 0.23
  2007 2.04
  2006 1.732
  2005 1.044
  2004 0.536
  2003 -0.333
  2002 -0.163
  2001 0.705
  2000 1.91
  1999 0.848
  1998 0.2
  1997 0.05
  1996 -0.671
  1995 -0.991
  1994 -1.162
  1993 -1.908
  1992 -0.931
  1991 -0.609
  1990 0.949
  1989 1.31
  1988 0.586
  1987 -0.97
  1986 -1.194
  1985 -0.98
  1984 -1.837
  1983 -3.885
  1982 -4.456
  1981 -1.898
  1980 -1.944