Few economists believe that GDP and employment can be dragged down by an over-large deficit over the long run.

If the money is borrowed, it must eventually be paid back with interest, such that the long term effect on the economy depends on the trade off between the immediate increase to the GDP and the long term cost of servicing the resulting government debt.

John Ross has analysed the long term correlation between the level of investment in the economy, rising from 5-7 % of GDP at the time of the Industrial Revolution in England, to 25 % of GDP in the post-war German ‘ economic miracle ’, to over 35 % of GDP in the world ’ s most rapidly growing contemporary economies of India and China.

Despite a government debt that exceeded GDP in 1945, the U. S. saw the long prosperity of the 1950s and 1960s.

The logic in his proposals was that by reducing the deficit which at the time was £ 9. 3 billion ( 3. 6 % GDP ), and controlling inflation, long term interest rates would be able to decline, thus re-stimulating the economy.

In the long term, Chile has had higher GDP growth than its neighbouring countries.

In the long term, the reforms paved the way for economic recovery, with the GDP growing steadily to about 6-7 % between 1995-7, falling to a low of 1. 2 % in 2001 before rising back up to the 6-7 % region by 2007, often led by small service businesses, long suppressed by the Communist government.

For instance, French green politician Eva Joly claimed that during Bongo's long reign, despite an oil-led GDP per capita growth to one of the highest levels in Africa, Gabon built only 5 km of freeway a year and still had one of the world's highest infant mortality rates by the time of his death in 2009.

La Pampa, long Argentina's most economically agricultural province, produced an estimated US $ 3. 2 billion in output in 2006, or, US $ 10, 500 per capita ( almost 20 % above the national average ).. Now, the GDP per capita of the province is of US $ 14. 000

Analysis by Robert Costanza also around 1995 of nature's services and their value showed that a great deal of degradation of nature's ability to clear waste, prevent erosion, pollinate crops, etc., was being done in the name of monetary profit opportunity: this was adding to GDP but causing a great deal of long term risk in the form of mudslides, reduced yields, lost species, water pollution, etc.

Economists have long recognised the fact that the GDP is misleading as an indicator or even as a proxy of the welfare of a nation, let alone as a measure of people ’ s well-being, although the makers of economic policy commonly think to the contrary.

Low GDP probably causes low average IQ and low average IQ cause low GDP in the long run leading to a viscous circle.

This interpretation must be tempered by the understanding that GDP cannot be entirely devoted to debt repayment — some must be spent on survival, at the minimum, and in general only 5 – 10 % will be devoted to debt repayment, even during episodes such as the Great Depression, which have been interpreted as debt-deflation — and thus actual " years to repay " is debt-to-GDP divided by " fraction of GDP devoted to repayment ", which will generally be 10 times as long or more than simple debt-to-GDP.

In the long term climate change was predicted to damage food security and cause a decrease in household GDP.

The real GDP growth rate for 2011 was expected at 3. 7 % but had dropped to. 1 %.

The Gross Domestic Product of Armenia stood at 8. 8 billion US dollars in 2010 ; with a population of 3. 2 million, this amounts to a GDP per capita of $ 2, 676 ( purchasing power parity $ 5, 178 ).

GDP growth for 2010 was at 2. 9 percent, and inflation was at 8 percent.

In comparison, in 2006, the GDP was estimated to be 6. 6 billion USD per calendar year and the GDP per capita ( purchasing power parity ) was estimated at $ 5, 400 US.

The per capita GDP in 2007 was by far the highest of any province in Canada at C $ 74, 825 ( approx.

The study found GDP per capita in the corridor was 10 % above average U. S. metropolitan areas and 40 above other Canadian cities at that time.

From 1980 to 2000 their GDP grew at average rate of 10 and 6 percent respectively.

Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors.

A period of large trade deficits and improper real estate investment hit Bulgaria hard during the late-2000s recession, resulting in a 5. 5 % GDP decline in that period, a rise in unemployment, and spending at least five quarters in its worst recession since the early 1980s.

Bulgaria also has the lowest personal and corporate income tax rates in the EU, as well as the second lowest public debt of all European Union member states at 16. 2 % of GDP in 2010.

It generates about 90 % of export revenues, making the country particularly vulnerable to terms of trade shocks: the current account deficit in 2007 ran at 15 % of GDP.

The government is required by law to run a fiscal surplus of at least 1 % of GDP.

The Government of Chile continues to pay down its foreign debt, with public debt only 3. 9 % of GDP at the end of 2006.

Tourism is growing at an accelerated pace and many believe that income from this tourism may soon become the major contributor to the nation's GDP.

Furthermore, Cyprus was dealt a severe blow by the Evangelos Florakis Naval Base explosion in July 2011, with the cost to the economy estimated at € 1 – 3 billion, or up to 17 % of GDP.

While unemployment remained at 20 % in 2000, GDP growth recovered to 3. 1 %.

The government's economic policy and democratic security strategy have engendered a growing sense of confidence in the economy, particularly within the business sector, and GDP growth in 2003 was among the highest in Latin America, at over 4 %.

International and domestic financial analysts note with concern the growing central government deficit, which hovers at 5 % of GDP.

GDP per capita at purchasing power parity was $ 27, 100 in 2011, which is 85 % of the EU average.

To match the USA's military buildup, the Soviet Union increased its own military spending to 27 % of its GDP and froze production of civilian goods at 1980 levels, causing a sharp economic decline in the already failing Soviet economy.

Among countries with a per capita GDP of at least US $ 4, 600, net deforestation rates have ceased to increase.

Damage to forests and other aspects of nature could halve living standards for the world's poor and reduce global GDP by about 7 % by 2050, a report concluded at the Convention on Biological Diversity ( CBD ) meeting in Bonn.

Countries with high forest cover can be expected to be at early stages of the FT. GDP per capita captures the stage in a country ’ s economic development, which is linked to the pattern of natural resource use, including forests.

In 1992-93, GDP fell nearly 60 % from its 1989 level.

Economists generally agree that a country is insolvent, if its foreign debt surpasses 50 percent of its GDP.

Hydropower exports to India have boosted Bhutan's overall growth, even though GDP fell in 2008 as a result of a slowdown in India, its predominant export market.

Through Chile ’ s trade agreements, its agricultural products have gained access to a market controlling 77 % of the world ’ s GDP and by approximately 2012, 74 % of Chilean agribusiness exports will be duty free.

As of 2006, Chile invested only 0. 6 % of its annual GDP in research and development ( R & D ).

Croatia has a universal health care system and in 2010, the nation spent 6. 9 % of its GDP on healthcare.

In 2009, Cuba ranked 51st out of 182 with an HDI of 0. 863 ; remarkably high considering its GDP per capita only places it 95th.

By contrast, the Soviet Union's transition was much more problematic and its successor republics faced a sharp decline in GDP during the early 1990s.

Between 2006 and 2009, the government increased social spending, on social welfare, and education from 2. 6 % to 5. 2 % of its GDP.

The BBC reported that in 2002 work done by Edward Castronova showed that Everquest was the 77th richest country in the world, sandwiched between Russia and Bulgaria and its GDP per capita was higher than that of the People's Republic of China and India.

Germany spent 0. 37 per cent of its gross domestic product ( GDP ) on development, which is below the government's target of increasing aid to 0. 51 per cent of GDP by 2010.

Germany spent 0. 37 per cent of its gross domestic product ( GDP ) on development, which is below the government's target of increasing aid to 0. 51 per cent of GDP by 2010.

In 1992, the fiscal deficit widened to 2. 4 % of GDP, and Gabon failed to settle arrears on its bilateral debt, leading to a cancellation of rescheduling agreements with official and private creditors.

The GPCR can then activate an associated G-protein by exchanging its bound GDP for a GTP.

It can be reverted ( switching the GTPase on again ) by Guanine nucleotide exchange factors ( GEFs ), which cause the GDP to dissociate from the GTPase, leading to its association with a new GTP.

The G < sub > α </ sub > subunit will eventually hydrolyze the attached GTP to GDP by its inherent enzymatic activity, allowing it to re-associate with G < sub > βγ </ sub > and starting a new cycle.

The economy of Honduras is based mostly on agriculture, which accounted for 22 % of its gross domestic product ( GDP ) in 1999.

Its economy size is slightly bigger than Israel and Ireland and its GDP per capita at purchasing power parity is the 6th highest globally in 2011, more than United States and Netherlands and slightly lower than the Brunei.