GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. Current GDP is measured in current market prices at the point of data collection. Data source:World Bank, Washington D.C.
in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor...
GDP per capita, current pric U.S. $s Output gap in percent of pot % of potential GDP GDP based on PPP valuation o Current intl $ | GDP based on PPP per capita Current intl $ GDP based on PPP share of wo % Implied PPP conversion rate Natl currency/$ Total investment % of...
The finding of the study revealed that oil price, GDP, inflation rate, and interest rate have positive and significant relationships with exchange rate; while broad money supply (M2) has a negative relationship with exchange rate. Also, previous exchange rate returns has negative and insignificant ...
International Unemployment rate in Ghana 2023 International Share of economic sectors in the GDP in Ghana 2022 International Employment by economic sector in Ghana 2022 + Economy Year-on-year inflation rate in Ghana 2023, by regionAccess all statistics starting from $1,788 USD yearly ** For comme...
in goods is approximately 4% of GDP after the GFC in 2008. Even if the deficit was eliminated it would have a very limited effect on job creation. Note the graph below which shows countries with declining shares of jobs in the manufacturing sector – this is also prevalent with those with...
Current Account Balance: % of GDP (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024 Foreign Direct Investment (USD mn) 40,879.3 Jun 2024 quarterly Mar 1995 - Jun 2024 Foreign Direct Investment: % of GDP (%) 30.7 Jun 2024 quarterly Mar 1995 - Jun 2024 Foreign Portfolio Investment (...
We also discovered that in the short run, current account balance increases unemployment rate but reduces it in the long run. Control variables used in the study such as inflation rate, exchange rate, and FDI followed a priori expectation while real GDP, wages and government consumption ...
A country can run current account deficits for some time and remain solvent as long as there are surpluses at some time in the future. More importantly, the current account that leads to an increase without bounds of the foreign debt to the GDP ratio will effectively unsustainable. As a ...
When is the CBN likely to begin monetary policy tightening as seen in some other countries? Unlike its peers, Nigeria’s key economic indicators such as GDP, inflation rate and exchange rate) remain very fragile. In fact, you will recall that Nigeria barely came out of recession owing ...