¹Merikh Ahadi, ¹Eronimus Anthonysamy, ¹Reetika Verma

¹Department of Financial Administration, Central University of Punjab, India.

ABSTRACT

This research paper aims to investigate the global impact of the COVID-19 pandemic on the gross domestic product (GDP). The pandemic has had far-reaching consequences, affecting various sectors of the economy in unprecedented ways. Key determinants of GDP, including trade, travel, tourism, employment, productivity, price levels, income levels, profitability, and resource allocation, have been significantly influenced by the pandemic. The primary focus of this study is to analyze the relationship between COVID-19 and global GDP.

To achieve this objective, secondary data was collected from a wide range of sources, including existing studies that provide statistical information on the association between COVID-19 and GDP across different nations. Various research papers, journal articles, web publications, working papers, and e-books were consulted to gather the necessary data. Meta-essentials software was employed to analyze the collected data.

GDP is a crucial economic indicator that provides insights into the size and performance of different sectors within an economy. Additionally, GDP per capita offers a valuable metric for assessing a country’s economic output per person. The findings of this meta-analysis reveal a positive and moderate correlation between COVID-19 cases and GDP per capita, as well as between COVID-19 death rates and national GDP.

Despite the overall decline in GDP growth rates during the COVID-19 phase, the results highlight the existence of a positive correlation between COVID-19 cases and GDP per capita, as well as between COVID-19 death rates and national GDP. These findings underscore the interconnectedness of the pandemic and economic performance.

Keywords: COVID-19, global impact, gross domestic product (GDP), pandemic, meta-analysis, correlation, economic indicators, trade, tourism, policymakers.

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