FACTOID # 2: The top nations for per capita imports and exports tend to be very small.
 
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Discussion - Economy > GDP > real growth rate

These are comments that our moderators found as non-authoritative though possibly interesting for further discussion on Economy > GDP > real growth rate


COMMENTARY     

Kashif Siraj
18th December 2010
Bahrain is progressing in terms og real growth I wanted some real stats on bahrain economy can please someone help.
Ignas+Lamabelawa
30th November 2010
how are we rank GDP in linguistik variabel,
eq : low value, middle value or high value ?
Ignas+Lamabelawa
30th November 2010
may i question about ranking of GDP?
why we rank the value GDP in lingustik variabel ?
like a Low value, Middle value or High Rate
why the counting or formulation about that ?

thx before
A. Shahzad
17th April 2010
GDP of a country can be negative. if so it possible?
ija
6th April 2010
Explain what other economic indicators that one should look at in determining growth in the economy. Why GDP alone does not mean an economy is experiencing growth?
My Name
17th January 2010
Wow, this site really helped my debate. Thanks nationmaster
Ian Chui
2nd November 2009
absolutely fantastic
nationmaster is doing the world a favor
Abel
15th August 2009
Excellent. I as busy begging for an authoritative comparative database, until I tried the NationMaster.com.

Keep to good works up. What a way of helping research and human development.
Praveen (Atlanta, USA)
30th September 2008
Real GDP Growth Per Capita matters more than real GDP growth alone, as it does a better job of capturing whether or not a nation's average standard of living is increasing. See this link for a detailed discussion:

http://truecost.wordpress.com/2008/01/25/gdp-doesnt-matter-gdp-per-capita-does/

Raw GDP growth can be caused by high population growth, for instance, which doesn't raise standards of living.
Berihu Nurhusien (Ethiopia, Bahirdar)
19th May 2008
Dear Sir,

How do you calculate the GDP from service, Agriculture and Industry sectors? Would you give me a hint or reading material?

with regard
Berihu Nurhusien
bnhusien@yahoo.com
Chris (Florida)
10th July 2007
I see that China has a 10.7% growth rate and the U.S has a 3.2% growth rate. I would like to know why China's rate is higher than the U.S when the U.S has a much greater Real GDP and Real GDP per capita?
Femke Wouda (Netherlands)
11th January 2007
I am looking for estimations of the GDP Real growth rate per country for 2010? Does anyone where I can find it?
Erika Hopfingerova (Czech republic)
18th December 2006
Where can I find information about economic activity in 15 years?
Nick Court (Melksham, Wiltshire, U.K)
17th July 2006
I'm 14 years old, but if you don't understand what I mean by this then do not hesitate to e-mail me at Dushanbe@hotmail.co.uk
Nick Court (Melksham, Wiltshire, U.K)
17th July 2006
I'm pleased to see Uruguay, Qatar, Argentina, Ukraine, Singapore, Kuwait, Malaysia and Vietnam doing so well.

Uruguay really is impressive. As I understand, Uruguay has a stable economy, and so that figure really does tell you something.

What would be brilliant, would be if you could find any statistics that illustrated economic stability. You could, say, measure this by taking the percentage by which the GDP growth rate has changed from the previous figure and then, at the end the year, take a mean average of all the figures, and you would have a moving avearge of by how much the countries GDP growth rate has fluctuated at any point throughout that year. Then, to make the figure more accurate, you could highlight how often the country has experienced any negative growth, and subsequently determine how many times this has happened out of how many times the countries GDP growth rate has changed at all. You could then determine what percentage of all changes in growty rate have been negative. (So for example, a countries GDP growth rate changes 300 times in one year, and 60 times in that year, the growth rate actually goes below zero. In this case 20 % of the time the country has experienced negative growth) You would then, determine the avearage increase/ decrease in negative growth and minus it from the avearge increase/decrease in positive growth.

Imagine that in a country the GDP growth rate changes from 3% to 6% to 8% to 1% to -5% to -11% in one year. You would determine how much of an increase in percentage 3% to 6% is (obviously, its 100%), and from 6% to 8% and so on. At the end, you add up all the figures and take a mean average. You now know by how much the growth rate will fluctuate by when it changes. (An avearge of course)

You then take all the negative growth values, like -5%, and as you can see, there are two such negative values. Two figures in six. That means that whenever the countries GDP Growth rate changed, one third of the time, it went down. 33% of the time the country experienced negative growth. Beyond this, you can convert these figures to positive values, ( just 5% and 11%) and determine the change between them in percentage, (from 5 to 11 is a 220 % change) and then take a mean average of these negative values, and ADD THAT ON TO THE POSITIVE VALUE FLUCTUATIONS.

Similairly, you can do do this same thing with Industrial production growth rates.

A bit complicated, but basically, whenever a growth rate changes, you write it down. Then you find the percentage difference between the values, and avearge it. Any changes that put a growth rate below zero, and you do the same thing, but you isolate these figures, and then do it. Add that on to the previous figures, and there you have it!

Phew!!!
fredric dennis williams
9th March 2006
This statistic has relatively little value, except in the case of large and stable economies. The 52.3% growth rate in Iraq reflects only the extreme disruption of the economy during the war and initial period of occupation. In other countries, similar extreme distruptions can dramatically affect the statistic, which therefore does not represent real sustained growth. Statistics over a longer period must be given to assure the relevance of this number.
scott8_8
13th January 2006
GDP growth rates vary enormously according to whether a country is in recession or not. Need to average GDP growth over 10 - 20 years.
Jared
3rd December 2005
To Nick,
These numbers are changes in real GDP. This statistic has already separated real changes in output from changes in price levels. Take the rate given here for the U.S.; 2.4%. This means even with no change in price levels, the value output produced in the U.S. grew by 2.4%. Essentially it means the U.S. has more goods to enjoy then it did before.
usha
24th November 2005
Malaysia government policies,describe how they have impacted economic growth and GDP of the nation .
Arthur
23rd September 2005
Hey! This page used to show statistics from 2004, why is it now showing obsolete numbers from 2001 and 2002?

Here's an newer article that puts Venezuela at 5% growth for the first quarter 2005, and 17%, fourth highest in the world, for 2004:

http://www.venezuelanalysis.com/news.php?newsno=1512 Venezuela Analysis.com
Nick
20th August 2005
I don't understand, is high GDP Growth a sign that a country is prospering from the value of its products and services or does it just mean that everything is getting more and more expensive? Great website though. Thanks!
Fra. New Zealand
16th June 2005
The real GDP Per Capita is calculated by the calculation
Consumer + Investments + Government Spending + Change in Revenue + (Exports-Imports)
saleha
14th June 2005
Which is the fastest growing country in the world?
Ganesh .R
30th May 2005
What does negative GDP signify? I'm surprised to see a few rich countries like Venezuela & Kuwait in this list. Does this signify that they are growing down? Plz help me understand.
TIA
Ganesh .R
Heidy
25th April 2005
What is the real growth of GDP per capita in Argentina and how do you classify the rating of the growth according to the following: 10- high growth, 8- good growth, 6-moderate growth, 4- little or moderate growth, 2- poor growth and 0- negative growth?
gigi
18th January 2005
How can i calculate real GDP per capita?
Adrienne
16th December 2004
Real GDP Growth Rate: The GDP growth rate is a measure of the annual percent change in the level of production achieved in a given country as measured in constant prices. It is often calculated by subtracting the GDP deflation rate (or inflation rate when the GDP deflation rate is not available) from the nominal growth rate. So you can say that the real growth rate is the growth rate after adjusting for inflation.
tapan
16th December 2004
If anyone can tell me what is the meaning of real growth rate it will be really good.

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