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GDP growth is expected to be around 3 percent in 2011, with inflation returning to 4-5 percent.
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GDP and growth
The Economy of Angola is one of the fastest-growing economies in the world, with the Economist asserting that for 2001 to 2010, Angolas ' Annual average GDP growth was 11. 1 percent.
High international oil prices and rising oil production have led to a very strong economic growth in recent years, but corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.
Such rates cannot be sustained, but despite reaching 26. 4 % in 2005 ( second highest GDP growth in the world in 2005 only to Equatorial Guinea ), and 2006 over 34. 6 % ( world highest ), in 2008 dropped to 10. 8 %, and dropped further to 9. 3 % in 2009.
The real GDP growth rate for 2011 was expected at 3. 7 % but had dropped to. 1 %.
Investment in the construction and industrial sectors is expected to continue in 2006 and will help to ensure annual average real GDP growth of about 13. 9 %.
GDP growth for 2010 was at 2. 9 percent, and inflation was at 8 percent.
According to the National Statistical Service, the booming construction and service sectors remain the driving forces of the high growth rate of GDP.
Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but the slowdown in the US economy and the attacks of September 11, 2001 held back growth in these sectors in 2001-03.
Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors.
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.
This fact, together with annual GDP growth of above 5 %, has brought the government indebtedness to 22. 8 % of GDP in 2006 from 67. 3 % five years earlier.
Since the stagflation of the 1970s, the U. S. economy has been characterized by slower GDP growth.
the 2007 GDP growth was driven by consumption and investment.
In the first year of Allende's term, the short-term economic results of Economics Minister Pedro Vuskovic's expansive monetary policy were unambiguously favorable: 12 % industrial growth and an 8. 6 % increase in GDP, accompanied by major declines in inflation ( down from 34. 9 % to 22. 1 %) and unemployment ( down to 3. 8 %).
The economy remained sluggish until 2003, when it began to show clear signs of recovery, achieving 4. 0 % real GDP growth.
Real GDP growth reached 5. 7 % in 2005 before falling back to 4. 0 % in 2006.
Faced with an international economic downturn the government announced a $ 4 billion economic stimulus plan to spur employment and growth, and despite the global financial crisis, aimed for an expansion of between 2 percent and 3 percent of GDP for 2009.
After 6. 2 % growth in 1997, GDP grew a substantial 8. 3 % in 1999, led by exports.
GDP real growth rate:
The country completely recovered from WW2 and achieved a very high GDP and economic growth rate, significantly higher than the present-day Republic.
After robust growth rates in the 1980s ( average annual growth was 6. 1 %), economic performance in the 1990s was mixed: real GDP growth was 9. 7 % in 1992, 1. 7 % in 1993, 6. 0 % in 1994, 6. 0 % in 1995, 1. 9 % in 1996 and 2. 3 % in 1997.
GDP and is
According to the estimate of a former prime minister, Hrant Bagratian, 55 percent of Armenia's GDP is controlled by 44 families.
By the end of 2010, Armenia ’ s external debt is projected to form about 42 percent of GDP, and 50 percent in 2012.
Economists generally agree that a country is insolvent, if its foreign debt surpasses 50 percent of its GDP.
It is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP.
Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production.
Bulgaria's per-capita PPP GDP is still only about a half of the EU27 average, while the country's nominal GDP per capita is about 20 % of the EU27 average.
The Burkinabé financial system represents 30 % of the country ’ s GDP and is dominated by the banking sector, which accounts for 90 % of total financial system assets.
The mainstay of the Burundian economy is agriculture, accounting for 54 % of GDP in 1997.
It is the fourth economically powerful city by GDP in the European Union and 35th in the world with an output amounting to € 177 billion.
Given the then GDP ($ 7. 095 bln ) of the country, military spending is roughly estimated to be about $ 300 million.
The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 70-80 percent of the country's gross domestic product ( GDP ).
Tourism is also a mainstay, accounting for about 70 % of GDP and 75 % of foreign currency earnings.
The government is required by law to run a fiscal surplus of at least 1 % of GDP.
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.
According to the CIA World Factbook, Costa Rica's GDP per capita is US $ 10, 900 ( 2009 ); however, there is a lack of maintenance and new investment in infrastructure, 21. 3 % of the people living below the poverty line and 7. 8 % ( 2009 ) unemployed.
An estimated 4. 5 % of the GDP is spent for education.
Economy of Croatia is a service-based economy with the tertiary sector accounting for 70 % of total gross domestic product ( GDP ).
Industrial sector is responsible for 25 % of Croatia's GDP, with agriculture, forestry and fishing accounting for the remaining 5 % of Croatian GDP.
GDP and expected
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.
As at May 2010, economic prospects are positive with 4-5 % GDP growth expected, largely because of expansions in tourism, telecommunications, transport, construction and a recovery in agriculture.
Inflation remained low, at about 3 %, while the budget surplus is expected to remain at about 1 % of GDP.
The GDP is expected to grow at 7 % for the next 6 years ; private investment reached 25 % of the GDP in 2007, and has remained stable through 2010 ; and inflation is under control at an average 2 % per year for the next 5 years.
They were expected to " re-engineer the decades of planning that had gone into the GDP Defense Plan almost overnight ".
The Brazilian GDP, for instance, is expected to grow 7. 5 % in 2010, second only to the People's Republic of China in the world.
Medicare ’ s cost growth is now the same as GDP growth and expected to stay well below private insurance ’ s for the next decade.
Between January and March 2011, France's GDP growth had been stronger than expected at 0. 9 %, one of the best figures in Europe but shrunk between April and June 2011 decreasing by-0. 1 %.
For United States, the health share of gross domestic product ( GDP ) is expected to hold steady in 2006 before resuming its historical upward trend, reaching 19. 6 percent of GDP by 2016.
The India ’ s union minister of steel, Mr Beni Prasad Verma has said that the Steel Industry in India which contributes over 2 % to the GDP is expected to become the 2nd largest producer of crude steel in the world by 2015.
The authors also predicted that communist nations whom they believe have comparatively higher IQs, including the PRC, Vietnam, and North Korea, can be expected to gain GDP by moving from centrally planned to market economic systems, while predicting continued poverty for African nations.
At this rate, growth rate of real GDP is stable in relation to Long Run Aggregate Supply at the expected inflation rate.
In 2011, the Palestinian Planning Minister said that GDP growth was expected to reach 9 percent, rising to 10 percent in 2012 and 12 percent in 2013.
This adjustment is made by multiplying expenditures by a cyclical factor ( the ratio of trend real GDP to expected real GDP ), thus either allowing for deficits during recessions or forcing lawmakers to have surpluses during booms.
While their GDP per capita is currently at approximately 60 – 75 % of the European Union average, they are expected to rapidly converge in income, even though EU average income is not expected to be reached in the near future.
GDP growth continued to be relatively robust, with a rate wc of about 6 % in 2001 and 2002 – but this was expected to fall to around 2 % in 2003.
By 2020-21 fiscal, Mumbai's GDP Per capita at PPP is expected to reach US $ 23, 000, making it South Asia's richest city.
* Is the real interest rate in line with the expected GDP growth rate ( in case of treasury bonds ) or earnings growth rate ( in case of corporate bonds )?
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