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Investigating the Relationship between Real GDP Growth and Key Macroeconomic Indicators across Global Economies (2019–2024)

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  • Dasari Ashmitha

    (Rangaraju Institute of Engineering and Technology)

  • Remos Cornelio Sapico

    (Rangaraju Institute of Engineering and Technology)

  • D. Indira

    (Rangaraju Institute of Engineering and Technology)

  • Dr. P. Vanishree Sah

    (College of Engineering)

Abstract

It is now more crucial than ever to comprehend the factors that contribute to long-term growth and economic recovery in the wake of the COVID-19 pandemic. Across three global economy categories—advanced, emerging, and Low-Income Developing Countries (LIDCs)—this study examines the correlation between real GDP growth and five key macroeconomic indicators: investment, inflation, export volume, government spending, and total external debt. The study uses correlation analysis to find patterns of association between each indicator and real GDP growth within the designated country groups using cross-country macroeconomic data from the International Monetary Fund (IMF) for the 2019–2024 period.

Suggested Citation

  • Dasari Ashmitha & Remos Cornelio Sapico & D. Indira & Dr. P. Vanishree Sah, 2025. "Investigating the Relationship between Real GDP Growth and Key Macroeconomic Indicators across Global Economies (2019–2024)," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(7), pages 764-773, July.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:67:p:764-773
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