Global economy
| Development of KEY macroeconomicindicators compared to the previous year/ % | 2024 | 2023 | 2022 |
|---|---|---|---|
| World trade (in real terms) | |||
| Trade in goods | +2.7 | –0.8 | +4.2 |
| GDP | |||
| World | +2.7 | +2.8 | +3.3 |
| USA | +2.8 | +2.9 | +2.5 |
| China | +4.8 | +5.2 | +3.0 |
| Japan | –0.2 | +1.5 | +0.9 |
| Europe | +1.2 | +1.0 | +3.5 |
| Eurozone | +0.8 | +0.5 | +3.6 |
| Germany | –0.2 | –0.1 | +1.4 |
The price and calendar-adjusted data correspond to the findings and assessments available as of January 2025.
Source: Oxford Economics
Global economic growth in 2024 was on a par with the previous year. While growth in the USA was relatively stable, the comparatively high growth rate in China declined slightly. Japan was unable to maintain its already low growth rate. The recovery after the Covid-19 pandemic is delayed in Europe and is weaker than elsewhere.
Global trade also increased again in 2024. There were no serious restrictions such as blocked ports or shipping passages in previous years. However, the associated disruptions have apparently led to adjustments in global production and supply chains that are reducing trade growth. In line with the economic momentum, container throughput grew in Asian and North American ports in particular, while European ports such as Rotterdam and Hamburg even recorded a decline in some cases.