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Determinant of GDP in Developing Countries in the G-20 Group

Authors
  • Wenny Widya Oka Sianturia Department of Development Economics, Faculty of Economics and Business, Universitas Sumatra Utara, Medan 20155, Indonesia
  • Wahyu Sugeng Imam Soeparno Department of Development Economics, Faculty of Economics and Business, Universitas Sumatra Utara, Medan 20155, Indonesia
Issue       Vol 9 No 1 (2026): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)
Section       Articles
Section      

Copyright (c) 2026 Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Galley      
DOI: https://doi.org/10.32734/lwsa.v9i1.2740
Keywords: Trade Openness Foreign Direct Investment External Debt Inflation GDP
Published 2026-03-09

Abstract

This study aims to determine how much influence the variables Trade Openness, Foreign Direct Investment, External debt, and Inflation both partially and simultaneously have on GDP in 8 developing countries in the G-20 group. The type of research used is descriptive quantitative. The analytical method used in this study is to use panel data regression. The data used in this study is secondary data for the period from 2005 to 2023 GDP in 8 developing countries in the G-20 group. The data comes from world data bank. The result show that partially Trade Openness had a negative and significant effect on GDP. Foreign Direct Investment had a positive and significant effect on GDP. External debt had a positive and significant effect on GDP. Inflation had a positive and significant effect on GDP. Simultaneously the independent variables Trade Openness, Foreign Direct Investment, External debt, and Inflation have a positive and significant effect on GDP