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

Dasari Ashmitha, Remos Cornelio Sapico, D. Indira and Dr. P. Vanishree Sah
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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

International Journal of Research and Scientific Innovation, 2025, vol. 12, issue 7, 764-773

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.

Date: 2025
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