| Country | Contribution (percentage points) | Real GDP growth (percent) | ||||
| Fiscal deficit | Growth | Inflation | Residual | Total | ||
| ARG | 24.8 | 11.9 | −22.1 | −9.1 | 5.6 | −11.8 |
| AUS | 12.8 | 2.0 | −0.7 | −0.1 | 14.1 | −4.2 |
| BRA | 9.5 | 5.5 | −2.9 | −0.4 | 11.7 | −5.8 |
| CAN | 20.0 | 6.8 | −0.7 | −0.1 | 25.9 | −7.1 |
| CHN | 10.6 | −1.0 | −0.6 | 0.0 | 9.1 | 1.9 |
| FRA | 12.1 | 10.5 | −1.9 | −0.4 | 20.3 | −9.8 |
| DEU | 11.2 | 3.8 | −1.2 | −0.1 | 13.7 | −6.0 |
| IND | 12.1 | 8.2 | −3.1 | −0.7 | 16.6 | −10.3 |
| IDN | 8.2 | 0.5 | −0.6 | 0.0 | 8.0 | −1.5 |
| ITA | 12.8 | 15.9 | −1.6 | −0.3 | 26.7 | −10.6 |
| JPN | 15.8 | 13.2 | −0.8 | −0.1 | 28.1 | −5.3 |
| PRK | 6.1 | 0.8 | −0.4 | 0.0 | 6.5 | −1.9 |
| MEX | 8.2 | 5.2 | −1.5 | −0.3 | 11.6 | −9.0 |
| RUS | 4.3 | 0.6 | 0.1 | 0.0 | 5.0 | −4.1 |
| SAU | 6.9 | 1.3 | 2.3 | 0.2 | 10.7 | −5.4 |
| ZAF | 13.5 | 5.4 | −2.1 | −0.3 | 16.5 | −8.0 |
| TUR | 9.9 | 1.7 | −2.8 | −0.3 | 8.5 | −5.0 |
| GBR | 16.1 | 9.1 | −2.4 | −0.5 | 22.4 | −9.8 |
| USA | 19.2 | 4.8 | −1.5 | −0.1 | 22.4 | −4.3 |
| Average | 12.3 | 5.6 | −2.3 | −0.7 | 14.9 | −6.2 |
| Share of average in total | 82.6 | 37.5 | −15.7 | −4.4 | 100.0 | -- |