WWecoBook

Global Macro Pulse

Where does every economy sit today? GDP growth versus inflation across tracked countries.

Median GDP growth
+8.18%
Median inflation
+3.20%
Median policy rate
+2.65%
Countries evaluated
61
Regime distribution
  • Expansion: 11.5%
  • Overheating: 18.0%
  • Stagflation risk: 36.1%
  • Contraction: 34.4%
  • Expansion
  • Overheating
  • Stagflation risk
  • Contraction
View chart data as a table
Quadrant chart of GDP growth versus CPI inflation for tracked countries
CountryGDP growthCPI inflationMedian policy rateRegime
Albania+17.29%+3.00%2.65%Expansion
AustraliaNo data+3.97%4.35%Stagflation risk
AustriaNo data+2.90%2.65%Contraction
BangladeshNo data+8.77%—Stagflation risk
BelgiumNo data+4.20%2.40%Stagflation risk
BrasilNo data+4.58%13.94%Stagflation risk
BulgariaNo data+5.00%2.65%Stagflation risk
Canada+2.32%+3.00%2.25%Expansion
ChileNo data+3.94%—Stagflation risk
China+4.77%+0.23%2.90%Expansion
Croatia+25.58%+3.70%2.65%Overheating
Cyprus+9.83%+5.20%2.65%Overheating
Czech RepublicNo data+1.50%2.65%Contraction
DenmarkNo data+1.93%—Contraction
EgyptNo data+14.07%—Stagflation risk
Estonia+12.44%+3.50%2.65%Overheating
FinlandNo data+2.40%2.65%Contraction
FranceNo data+2.60%2.65%Contraction
Germany+1.24%+2.90%2.65%Contraction
GreeceNo data+3.70%2.65%Stagflation risk
Hong KongNo data+1.44%—Contraction
HungaryNo data+1.80%2.65%Contraction
IndiaNo data+4.96%5.50%Stagflation risk
IrelandNo data+3.40%2.65%Stagflation risk
IsraelNo data+1.64%3.27%Contraction
ItalyNo data+3.20%2.65%Stagflation risk
Japan+0.94%+0.30%1.04%Contraction
KazakhstanNo data+11.38%—Stagflation risk
Latvia+11.71%+3.00%2.65%Expansion
Lithuania+23.27%+5.60%2.65%Overheating
Luxembourg+24.55%+4.00%2.65%Overheating
MalaysiaNo data+1.38%—Contraction
Malta+6.80%+2.00%2.65%Expansion
Mexico+6.54%+3.45%6.50%Overheating
Montenegro+2.16%+4.60%2.65%Overheating
NetherlandsNo data+2.80%2.65%Contraction
NigeriaNo data+23.01%—Stagflation risk
North Macedonia+4.57%+2.60%2.65%Expansion
Norway+11.88%+3.19%4.50%Overheating
PakistanNo data+3.55%—Stagflation risk
PhilippinesNo data+1.66%—Contraction
PolandNo data+3.50%3.75%Stagflation risk
PortugalNo data+3.60%2.65%Stagflation risk
QatarNo data+1.27%—Contraction
RomaniaNo data+6.30%2.65%Stagflation risk
Saudi ArabiaNo data+2.04%—Contraction
Serbia+24.31%+2.50%2.65%Expansion
SingaporeNo data+0.90%—Contraction
Slovak RepublicNo data+3.10%2.65%Stagflation risk
Slovenia+19.32%+3.40%2.65%Overheating
South KoreaNo data+2.88%3.04%Contraction
SpainNo data+4.60%2.65%Stagflation risk
SwedenNo data+0.30%2.65%Contraction
SwitzerlandNo data+0.06%-0.30%Contraction
ThailandNo data-0.13%—Contraction
Turkey+6.92%+32.17%—Overheating
UkraineNo data+8.40%—Stagflation risk
United Arab EmiratesNo data+1.25%—Contraction
United Kingdom+1.06%+3.43%3.75%Stagflation risk
United States of America+8.18%+3.40%3.88%Overheating
VietnamNo data+3.31%—Stagflation risk

Policy Stance & Real Rates

Comparative table of policy rates, inflation and real rates

Brasil+13.94%+4.58%+9.36% Restrictive
Mexico+6.50%+3.45%+3.05% Restrictive
China+2.90%+0.23%+2.67% Restrictive
Sweden+2.65%+0.30%+2.35% Restrictive
Israel+3.27%+1.64%+1.63% Restrictive
Norway+4.50%+3.19%+1.31% Restrictive
Czech Republic+2.65%+1.50%+1.15% Restrictive
Hungary+2.65%+1.80%+0.85% Neutral
Japan+1.04%+0.30%+0.74% Neutral
Malta+2.65%+2.00%+0.65% Neutral
India+5.50%+4.96%+0.54% Neutral
United States of America+3.88%+3.40%+0.48% Neutral
Australia+4.35%+3.97%+0.38% Neutral
United Kingdom+3.75%+3.43%+0.32% Neutral
Poland+3.75%+3.50%+0.25% Neutral
Finland+2.65%+2.40%+0.25% Neutral
South Korea+3.04%+2.88%+0.16% Neutral
Serbia+2.65%+2.50%+0.15% Neutral
North Macedonia+2.65%+2.60%+0.05% Neutral
France+2.65%+2.60%+0.05% Neutral
Netherlands+2.65%+2.80%-0.15% Neutral
Germany+2.65%+2.90%-0.25% Neutral
Austria+2.65%+2.90%-0.25% Neutral
Latvia+2.65%+3.00%-0.35% Neutral
Albania+2.65%+3.00%-0.35% Neutral
Switzerland-0.30%+0.06%-0.36% Neutral
Slovak Republic+2.65%+3.10%-0.45% Neutral
Italy+2.65%+3.20%-0.55% Neutral
Slovenia+2.65%+3.40%-0.75% Neutral
Ireland+2.65%+3.40%-0.75% Neutral
Canada+2.25%+3.00%-0.75% Neutral
Estonia+2.65%+3.50%-0.85% Neutral
Portugal+2.65%+3.60%-0.95% Neutral
Greece+2.65%+3.70%-1.05% Accommodative
Croatia+2.65%+3.70%-1.05% Accommodative
Luxembourg+2.65%+4.00%-1.35% Accommodative
Belgium+2.40%+4.20%-1.80% Accommodative
Spain+2.65%+4.60%-1.95% Accommodative
Montenegro+2.65%+4.60%-1.95% Accommodative
Bulgaria+2.65%+5.00%-2.35% Accommodative
Cyprus+2.65%+5.20%-2.55% Accommodative
Lithuania+2.65%+5.60%-2.95% Accommodative
Romania+2.65%+6.30%-3.65% Accommodative

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