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GDP per capita shrank by 58 % in the Eighties with slower growth and a growing population.
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GDP and per
For example, per capita GDP gives an approximation of the arithmetic average income of a nation's population.
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 ).
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.
According to the National Statistical Service, during the January – August 2007 period, Armenia's industrial sector was the single largest contributor to the country's GDP, but remained largely stagnant with industrial output increasing only by 1. 7 percent per year.
GDP ( per capita ): $ 6, 400 ( 2008 )
The per capita GDP in 2007 was by far the highest of any province in Canada at C $ 74, 825 ( approx.
In 2006 Alberta's per capita GDP was higher than all US states, and one of the highest figures in the world.
Alberta's per capita GDP in 2007 was 61 % higher than the Canadian average of C $ 46, 441 and more than twice that of all the Maritime provinces.
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.
Amartya Sen's Development as Freedom ( Nobel Prize in Economics, 1999 ), argues that third world development must be understood as the expansion of human capability, not simply the increase in national income per capita, and thus requires policies attuned to health and education, not simply GDP.
In July 2009, the minister of defense, Nelson Jobim, said that Brazil will expend about 0. 7 % ( US $ 13 billion ) of the GDP per year to modernize the forces in addition to the 2. 6 % yearly defense budget.
According to the CIA World factbook, in 2004 the Territory had the 12th highest GDP per capita in the world.
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.
Real per capita GDP fell by more than 60 % from 1986 to 1994.
Chilean ( blue ) and average Latin American ( orange ) GDP per capita ( 1950 – 2007 ).
In 2006, Chile became the country with the highest nominal GDP per capita in Latin America.
Chile an ( blue ) and average Latin America n ( orange ) GDP per capita ( 1950-2007 ).
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.
GDP per capita:
GDP per capita
Estimated GDP per capita in purchasing power parity ( PPP ) in 2010 was around USD 19, 754 or 63. 3 % of the EU average for the same year.
GDP and capita
Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production.
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.
In the 1950s, Cuba's gross domestic product ( GDP ) per capita was roughly equal to that of contemporary Italy, and significantly higher than that of countries such as Japan, although Cuba's GDP per capita was still only a sixth as large as that of the United States.
GDP and shrank
GDP shrank by around 5 % and unemployment jumped.
Current GDP per capita of Guinea shrank by 16 % in the Nineties.
However, whilst the mid 1980s GDP per capita shrank by 23 % amid the Iran-Iraq War, GDP has now almost doubled since 2005.
Current GDP per capita shrank by 26 % in the Nineties.
Growth in GDP stagnated, and agricultural production shrank at an annual rate of 3. 9 %.
Consequently the GDP per capita shrank by 40 % in the 1980s.
The GDP per capita of Senegal shrank by 1. 30 % in the 60s.
The current account deficit from its recent peak at $ 1. 9 billion ( 8. 8 %) of GDP in 2001 shrank to $ 1. 4 billion ( 3. 4 %) of GDP in 2004.
In 1999 the economy of Argentina shrank by 3. 4 %, the same happened in the following years with GDP declining 0. 8 % in 2000, some 4. 4 % in 2001 and 10. 9 % in 2002.
GDP growth had already slowed from a 6. 8 % rate in the fourth quarter of 1974 to 1. 4 % in the second quarter ; following the Rodrigazo crisis, the economy shrank 4. 4 % by the first quarter of 1976, with fixed investment falling by one sixth and auto production by a third.
GDP growth projections proved to be overly optimistic ( instead of growing, real GDP shrank 0. 8 %), and lagging tax receipts prompted the government to freeze spending and cut retirement benefits again in.
GDP and by
* List of countries by GDP sector composition – breakdown includes agricultural sector information
According to the estimate of a former prime minister, Hrant Bagratian, 55 percent of Armenia's GDP is controlled by 44 families.
GDP by sector
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.
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.
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.
Since the stagflation of the 1970s, the U. S. economy has been characterized by slower GDP growth.
Few economists believe that GDP and employment can be dragged down by an over-large deficit over the long run.
the 2007 GDP growth was driven by consumption and investment.
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 ).
Military rebellions and social unrest in 1996 were accompanied by widespread destruction of property and a drop in GDP of 2 %.
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 %).
GDP expanded by 5. 1 % in 2007.
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.
The government is required by law to run a fiscal surplus of at least 1 % of GDP.
The percent of total income earned by the richest 20 % of the Chilean population in 2000 was 61. 0 % of GDP, while the percent of total income earned by the poorest 20 % of the Chilean population was 3. 3 % of GDP.
After 6. 2 % growth in 1997, GDP grew a substantial 8. 3 % in 1999, led by exports.
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