GDP Growth ( green vs. red ) and Unemployment ( blue ) since 2001

Following the recession, the unemployment rate had averaged slightly higher ( 6. 75 % vs. 6. 35 %), productivity growth lower ( 1. 38 % vs. 1. 92 %), and private investment as a percentage of GDP slightly less ( 16. 08 % vs. 16. 86 %).

Real GDP is an example of the distinction between real vs. nominal values in economics.

Read more: Difference Between CPI and GDP Deflator | Difference Between | CPI vs GDP Deflator http :// www. differencebetween. net / business / finance-business-2 / difference-between-cpi-and-gdp-deflator /# ixzz15VVahfFH

The genuine progress indicator ( GPI ) is an alternative metric system which is an addition to the national system of accounts that has been suggested to replace, or supplement, gross domestic product ( GDP ) as a metric of economic growth.

The need for a GPI to supplement biased indicators such as GDP was highlighted by analyses of uneconomic growth in the 1980s notably that of Marilyn Waring who studied biases in the UN System of National Accounts.

However GDP tends to be reported as synonymous with economic progress by journalists and politicians and the GPI seeks to correct this shorthand by providing a more encompassing measure.

According to results, the GDP has increased enormously, but at the same time the GPI has stagnated.

According to results in 1970s and 1980s the economic growth, measured by GDP, clearly increased the welfare, measured by the GPI.

After the economic recession of early 1990s the GDP continued to grow, but the GPI stayed on a lower level.

As can be observed there a widening gap between the trends of GDP and GPI that arose in the early 1990s.

Supporters of GPI would respond that GDP, when used as a measure of societal well-being, ends up defining well-being to be things that the supporters of GDP ideologically support, and cannot function to measure the goals of a diverse, plural society.

Supporters of GDP as a measure of societal well-being claim that competing measures such as GPI are more vulnerable to political manipulation.

The ISEW and GPI summarise economic welfare by means of a single figure according to same logic as GDP summarises economic output into a single figure.

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.

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 %.

According to the estimate of a former prime minister, Hrant Bagratian, 55 percent of Armenia's GDP is controlled by 44 families.

GDP growth is expected to be around 3 percent in 2011, with inflation returning to 4-5 percent.

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.

Bo promoted the notion of pursuing “ red GDP ”— an economic model embodying communist egalitarianism — and suggested that, if economic development were analogous to ' baking a cake ', then the primary task should be to divide the cake fairly rather than building a larger cake.

The bias of the GDP is actually the difference between the GDP and the producer income.

The difference between potential output and actual output is referred to as the output or GDP gap, which may closely track measures of industrial capacity utilization.

The " difference version " describes the relationship between quarterly changes in unemployment and quarterly changes in real GDP.

One unique difference between version 1 and version 2 is that all game data is embedded in a single file rather than separated into GDP, MAP, BMP files and so forth.

In some cases, a national-accounts counterpart of these may be estimated, such as a price index computed from the personal consumption expenditures and the GDP gap ( the difference between observed GDP and potential GDP ).

The difference between the nominal GDP and real GDP is due to the inflation rate in market.

If the genuine income differential ( taking local prices into account ) is exaggerated by the RER, so the real difference in the standard of living between rich and poor countries is less than GDP per capita figures would suggest.

Keynesian aggregate expenditure Keynesian economics calls for a government intervention and is called demand side economics as it believes that aggregate demand and not the aggregate supply determines the GDP because of the difference between the Aggregate Supply and Planned expenditure in an economy. Hence Keynes believed that the government played an important role in the determination on the Aggregate Expenditure in an economy and was thus included Government Expenditure in the Aggregate Expenditure Function.

Conceptually, the aggregate " intermediate consumption " is equal to the amount of the difference between Gross Output ( roughly, the total sales value ) and Net output ( gross value added or GDP ).