The World Bankissues data on total GDP and GDP per capita, but each statistic can provide a conflicting perspective on the economic state of a country and the wealth of its people. According to some economists, a country’s aggregate economic growth, or its overall GDP, is not what matters...
Gross domestic product (GDP) is one of the most widely used indicators of economic performance.Gross domestic productmeasures a national economy's total output in a given period and is seasonally adjusted to eliminate quarterly variations based on climate or holidays. The most closely watched GDP m...
If GDP is falling, then the economy is shrinking - bad news for businesses and workers. If GDP falls for two quarters in a row, that is known as a recession, which can mean pay freezes and lost jobs. 如果GDP减少,这个国家经济就会衰退,这对于企业家和工人来说都是坏消息。如果GDP连续两季度...
In fact, most of what’s around you is part of GDP. GDP is an important gauge of the overall health of an economy. It stands for: "Gross domestic product." Simply put, GDP measures the total value of all goods and services in a country. That means it measures a lot of stuff worth...
GDP first. Usually, it’s by multiplying the amount of produced goods in a year by their prices. After determining the inflation rate, they compare the numbers to the base year. The formula for real GDP is nominal GDP/GDP deflator x 100. GDP deflator cancels out the influence of ...
The government is working through a 10-year plan, Made in China 2025, to accelerate the development of high-tech industries. The plan outlines how China aims to become a world leader in telecommunication, electrical power equipment, robotics, high-end automation, and new energy vehicles. This ...
With total installed capacity of renewable energies reaching 1,213 gigawatts in 2022, China has become a global leader in utilizing green and low-carbon energy sources. The country has ranked first in the world for eight consecutive years in production and sales of new energy vehicles. By the ...
GDP is the total value of goods and services produced within the borders of a country. It’s a critical measure of economic health. It doesn’t matter who produces it; as long as it’s produced within the country, it’s included in the GDP. GNI, on the other hand, is a measure of...
Unemployment is one of the most closely-watched indicators for economic health, along withgross domestic product (GDP)and theconsumer price index (CPI). The unemployment rate has an inverse relationship with the stock market and inflation, two key metrics for the overall economy. ...