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

By Iulian Ernst in Bucharest Romania’s nominal GDP has reached €354bn in 2024 and €358bn in the four quarters to March 2025, ...

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

The Dutch caretaker government is in favour of increasing the country's defence spending to a total of 5% of gross domestic ...

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

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

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

In May, the Reserve Bank forecast growth of just 0.4% for the three months to the end of March. However, most economists are ...

Sweden and the Netherlands say they intend to increase defense spending to 5% of their gross domestic product in line with ...

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

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