G20 area’s economy grows 6.1% in 2021

Turkiye records highest growth last year, while Japan posts lowest rate

The gross domestic product (GDP) in the G20 area rose 6.1% year-on-year in 2021, the Organization for Economic Cooperation and Development (OECD) said on Tuesday.

Among G20 countries, Turkiye recorded the highest growth in 2021 (11.0%), followed by India (8.3%) and China (8.1%), while Japan recorded the lowest growth (1.6%),the organization said.

In the last quarter of 2021, the G20 area posted a year-on-year growth rate of 4.9%, owing to strong performance seen in Turkiye, the UK, Saudi Arabia and Italy.

However, the growth in the fourth quarter of last year slowed down compared to the previous quarter, mainly reflecting decelerating growth in India.

The GDP in G20 rose by 1.4% quarter-on-quarter in October-December 2021 versus a 1.9% increase registered in the third quarter.


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