Here is a description of what gross domestic product is and why it is one of the main indicators for comparing economic growth between countries
its contribution was 0.5 percentage points. If net exports had contributed zero to GDP growth in the first half of 2023, the year-on-year GDP growth would have been 6.0%
Mexico, the UK and India are particularly exposed. Slowing demand from the US and euro area is likely to affect the rest of the world through weaker trade flows. Export data for top Asian exporters such as Singapore and Korea are already showing weakness and a peak in ...
China will take active steps to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other high-standard economic and trade agreements. The CPTPP is a trading bloc representing 500 million consumers and 13.5% of the global GDP, one of the world's largest fre...
Unmanned vehicles transport containers at an automatic container terminal at Qinzhou Port in south China's Guangxi Zhuang Autonomous Region on Feb. 25, 2023. [Photo/Xinhua] China is now more connected to the rest of the world than ever before, meaning that the fate of many nations is intercon...
Puerto Rico, another Latin American country, also has a higher average monthly salary of USD 1,927. On the contrary, the average salary in Asia is higher than in countries in Latin America like Brazil and Mexico. Most African countries, except South Africa (USD 2,106), also have lower av...
Chile is the largest copper miner in the world and the source of over half of US imports. The dollar also gained ground against the currencies of Canada and Mexico, the second and third biggest sources for copper respectively. While traders looked to interest rates and exchange in selling ...
And finally: the MINT countries economic growth potential Introducing the ‘MINTs': Mexico Indonesia Nigeria Turkey You’ll notice that all four of these appeared in the Next Eleven category – think of MINT as an update to N-11. The economic outlook for MINT countries is br...
Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.
A currency crisis can sometimes be predictable, yet they are often sudden. It may be precipitated by governments, investors, central banks, or any combination of actors. But the result is always the same: The negative outlook causes wide-scale economic damage and aloss of capital. Explore the...