Stability in Economic Growth of G20 Countries Singh Manjit1 Dasmesh Parivar International School, Aima Kalan, Tarn Taran, Punjab 1India Visiting Faculty, CKD Institute of Management and Technology, Amritsar, Punjab, India. Email: ms_economics@yahoo.com JEL Classification: O110 Online published on 29 May, 2014. Abstract An attempt was made to examine the stability in growth rates of G20 countries during the period 1980 2010. The results showed that among 18 countries studied in G20 group, there are 4 fast growing countries, 8 medium growing countries and 6 slow growing countries. Out of 4 fast growing countries, China is the fastest growing country followed by Korea, India and Indonesia. The 8 medium growing countries include China, UK, Brazil, Argentina, USA, Saudi Arabia, Australia and Turkey. Out of 6 slow growing countries, Italy is the slowest growing country during the period of study i.e. 1980 2010. The study showed that besides some exceptions, the fast, medium and slow growing countries remained in their same categories in all the periods, which shows stability in the growth rates of G20 countries. Coefficients of correlation between all the periods were high and significant which indicates that GDP growth rates of G20 countries are stable. Similar results were shown by rank correlation analysis. This proves the stability in economic growth of G20 countries over time. Top Keywords Economic Growth, G20 Countries, Stability, Growth Rate. Top |