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Economy > Great recession of the late 2000s, period: Countries Compared

DEFINITION: Recession periods between 2006-2013. A country is considered to be in recession when its economy contracts during two consecutive quarters or more. A contraction is defined as a decreased seasonally adjusted real GDP, compared with the previous quarter.
COUNTRY
DESCRIPTION
AlbaniaAlbania Q1-2007 until Q2-2007 (6 months) Q3-2009 until Q4-2009 (6 months) Q4-2011 until Q1-2012 (6 months)
ArgentinaArgentina Q4-2008 until Q2-2009 (9 months)
AustraliaAustralia No
AustriaAustria Q2-2008 until Q2-2009 (15 months) Q3-2011 until Q4-2011 (6 months)
BelgiumBelgium Q3-2008 until Q1-2009 (9 months) Q2-2012 until Q1-2013 (12 months)
BelizeBelize Q1-2006 until Q2-2006 (6 months) Q1-2007 until Q3-2007 (9 months) Q4-2008 until Q1-2009 (6 months) Q4-2009 until Q1-2010 (6 months) Q1-2011 until Q2-2011 (6 months) Q2-2013 until Ongoing (6 months)
BoliviaBolivia No </small> </ref>
BrazilBrazil Q4-2008 until Q1-2009 (6 months)
BulgariaBulgaria Q1-2009 until Q2-2009 (6 months)
CanadaCanada Q4-2008 until Q2-2009 (9 months)
ChileChile Q2-2008 until Q1-2009 (12 months)
ChinaChina No
ColombiaColombia No
Costa RicaCosta Rica Q2-2008 until Q1-2009 (12 months)
CroatiaCroatia Q3-2008 until Q2-2010 (24 months) Q3-2011 until Q4-2012 (18 months) Q2-2013 until Ongoing (6 months)
CyprusCyprus Q1-2009 until Q4-2009 (12 months) Q3-2011 until Ongoing (27 months)
Czech RepublicCzech Republic Q4-2008 until Q2-2009 (9 months) Q4-2011 until Q1-2013 (18 months)
DenmarkDenmark Q3-2008 until Q2-2009 (12 months) Q3-2011 until Q4-2011 (6 months) Q4-2012 until Q1-2013 (6 months)
EcuadorEcuador Q4-2006 until Q1-2007 (6 months) Q1-2009 until Q3-2009 (9 months)
El SalvadorEl Salvador Q3-2008 until Q2-2009 (12 months) </ref> Q2-2013 until Ongoing (6 months) Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page ).
GermanyGermany Q2-2008 until Q1-2009 (12 months)
GreeceGreece Q3-2008 until Ongoing (63 months) (not qoq-data, but quarters compared with same quarter of last year) Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page ).
HungaryHungary Q1-2007 until Q2-2007 (6 months) Q2-2008 until Q3-2009 (18 months) Q2-2011 until Q3-2011 (6 months) Q1-2012 until Q4-2012 (12 months)
IcelandIceland Q4-2007 until Q2-2008 (9 months) Q4-2008 until Q1-2009 (6 months) Q3-2009 until Q2-2010 (12 months)
IndiaIndia No
IndonesiaIndonesia No
IrelandIreland Q2-2007 until Q3-2007 (6 months) Q1-2008 until Q4-2009 (24 months)
IsraelIsrael Q4-2008 until Q1-2009 (6 months)
ItalyItaly Q2-2008 until Q2-2009 (15 months) Q3-2011 until Ongoing (27 months)
JamaicaJamaica Q3-2007 until Q4-2007 (6 months) Q3-2008 until Q1-2009 (9 months) Q4-2009 until Q2-2010 (9 months) Q4-2011 until Q1-2012 (6 months) Q4-2012 until Q1-2013 (6 months)
JapanJapan Q2-2008 until Q1-2009 (12 months) Q4-2010 until Q2-2011 (9 months) Q2-2012 until Q3-2012 (6 months)
KazakhstanKazakhstan Q3-2008 until Q1-2009 (9 months) </ref>
LatviaLatvia Q2-2008 until Q3-2009 (18 months)
LithuaniaLithuania Q3-2008 until Q2-2009 (12 months)
LuxembourgLuxembourg Q2-2008 until Q1-2009 (12 months)
MaltaMalta Q4-2008 until Q1-2009 (6 months)
MexicoMexico Q3-2008 until Q2-2009 (12 months)
MoldovaMoldova No </ref>
NetherlandsNetherlands Q2-2008 until Q2-2009 (15 months) Q2-2011 until Q1-2012 (12 months) Q3-2012 until Q2-2013 (12 months)
New ZealandNew Zealand Q1-2008 until Q2-2009 (18 months) Q3-2010 until Q4-2010 (6 months)
NorwayNorway Q1-2009 until Q2-2009 (6 months) Q2-2010 until Q3-2010 (6 months) Q1-2011 until Q2-2011 (6 months)
ParaguayParaguay Q3-2008 until Q1-2009 (9 months) Q2-2011 until Q3-2011 (6 months)
PeruPeru Q4-2008 until Q2-2009 (9 months)
PhilippinesPhilippines Q4-2008 until Q1-2009 (6 months)
PolandPoland No
PortugalPortugal Q2-2007 until Q3-2007 (6 months) Q1-2008 until Q1-2009 (15 months) Q4-2010 until Q1-2013 (30 months)
Republic of MacedoniaMacedonia Rep. Q1-2009 until Q3-2009 (9 months) Q1-2012 until Q2-2012 (6 months) (not qoq-data, but quarters compared with same quarter of last year) Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page ).
RomaniaRomania Q4-2008 until Q2-2009 (9 months) Q4-2009 until Q1-2010 (6 months) Q4-2011 until Q1-2012 (6 months)
RussiaRussia Q3-2008 until Q2-2009 (12 months)
SerbiaSerbia Q2-2008 until Q2-2009 (15 months) Q2-2011 until Q1-2012 (12 months) Q3-2012 until Q4-2012 (6 months)
SingaporeSingapore Q2-2008 until Q1-2009 (12 months)
SlovakiaSlovakia No
SloveniaSlovenia Q3-2008 until Q2-2009 (12 months) Q3-2011 until Ongoing (27 months)
South AfricaSouth Africa Q4-2008 until Q2-2009 (9 months)
South KoreaSouth Korea No
SpainSpain Q2-2008 until Q4-2009 (21 months) Q2-2011 until Q2-2013 (27 months)
SwedenSweden Q1-2008 until Q1-2009 (15 months)
SwitzerlandSwitzerland Q4-2008 until Q2-2009 (9 months)
TaiwanTaiwan Q2-2008 until Q1-2009 (12 months) Q3-2011 until Q4-2011 (6 months)
ThailandThailand Q4-2008 until Q1-2009 (6 months)
TurkeyTurkey Q2-2008 until Q1-2009 (12 months)
UkraineUkraine Q2-2008 until Q1-2009 (12 months) Q3-2012 until Q4-2012 (6 months) Q2-2013 until Ongoing (6 months)
United KingdomUnited Kingdom Q2-2008 until Q3-2009 (18 months) Q4-2011 until Q2-2012 (9 months)
United StatesUnited States Q3-2008 until Q2-2009 (12 months)
UruguayUruguay No
VenezuelaVenezuela Q1-2009 until Q1-2010 (15 months)

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