Release of new South Sudan Gross Domestic Product (GDP) estimates for 2011, and revised figures for
|
|
- Gervais Whitehead
- 7 years ago
- Views:
Transcription
1 02 October 2012 Release of new South Sudan Gross Domestic Product (GDP) estimates for 2011, and revised figures for The National Bureau of Statistics (NBS)is the official statistical agency of the Government of South Sudan. It is mandated to collect, analyse and disseminate all official economic, social and demographic statistics. It has conducted a variety of statistical activities in the past 5 years including the 2008 Census, the 2006 and 2010 rounds of the Sudan Household Health Survey (SHHS) and the National Baseline Household Survey (NBHS), It has published numerous reports including the annual statistical yearbook, poverty estimates for Southern Sudan and the Key Indicators for Southern Sudan. GDP measures the value of all final goods and services produced in a country over a given period. Nominal GDP is measured at current prices. Real GDP is measured at constant prices, and can therefore be used to calculate economic growth rates over time. South Sudan real and nominal GDP figures have been produced for Nominal Gross Domestic Product (GDP) of South Sudan in 2011 was 54 billion South Sudanese Pounds. Real GDP (2009 prices) for 2011 was 29 billion South Sudanese pounds. GDP growth rates over the past 4 years have been calculated: In addition to producing the new GDP figures for 2011, the Bureau has also revised nominal GDP figures for 2008 to From this, it has calculated GDP growth rates for the periods , and Table 1 contains the GDP growth rates for these periods. Table 1: GDP Growth Rates Year Growth rate of GDP (%) The GDP figures for 2008, 2009, and 2010 have been revised:
2 The Bureau has revised South Sudan s GDP estimates for the periods 2008, 2009 and The revised estimates are substantially higher mainly on account of the fact that a higher population growth projection has been used to estimate the household component of GDP than was earlier used. Another contributing factor to the change was better source data on imports, which are now believed to be lower than was initially thought. Since lower imports raise GDP, this has helped to raise the new estimates [see Technical Notes for information on how GDP is calculated]. The revised estimates for , as well as the new figures for 2011, can be found in the summary table 2, below. As is the practice, detailed GDP estimates have been uploaded on the Bureau s website and will be published in the NBS Statistical Yearbook Estimating GDP is on-going process: The estimates will be vital to the government in formulating monetary and fiscal policies of the new Republic of South Sudan. They are also useful for South Sudan s external partners: these estimates have been agreed with the International Monetary Fund (IMF) and will be published in the World Economic Outlook Production of GDP and other national accounts aggregates is a continuing process for the NBS, and a number of milestones are expected to be achieved over the coming months. Gross National Income (GNI) for South Sudan, which shows total income received by residents of South Sudan due to the absence of estimates of net primary income, will be disseminated when the Balance of Payments estimates are finalized. The Bureau is in the process of compiling GDP by activity. For the time being, and due to availability of data, it has only been possible to generate value-added estimates for the oil sector and the Government sector. Using the oil sector valueadded for the oil sector indicates that the oil sector constituted 60.2% of GDP and oil exports constituted 64% of GDP in In addition to this on-going work, in the course of the next year NBS will produce GDP figures using the production approach, which sums value-added of all industries. For more information, please contact:
3 David Chan Thiang Director of Economic Statistics National Bureau of Statistics Tel:
4 Technical notes What is GDP and what is GNI? GDP measures the value of all final goods and services produced in a country over a given period. GNI is the primary income that accrues to institutional units as a consequence of their involvement in the process of production or ownership of assets that may be needed for purposes of production. What method was used to calculate GDP? The GDP estimates for 2008 to 2011 were produced using the expenditure method. This method shows the use of the available goods and services in a country, and can be summed up in the following equation: GDP = Household Consumption + Governmental Consumption + Investments + Export Imports NBS will in the course of this and the next year, produce GDP figures using the production approach, which sums value-added of all industries. GNI is calculated as follows: GNI = GDP + Net primary income
5 Summary Table 2 Expenditure on GDP Current Prices - Million SSP Final consum exp, government 4,769 4,362 5,908 9,253 Final consum exp, households 10,468 11,051 11,959 18,527 Final consum exp, NPISH Gross fixed capital formation 4,478 3,857 3,732 5,626 Changes in inventories Gross domestic expenditure 20,154 19,485 22,464 33,795 Exports of goods and services 21,472 17,040 22,270 35,201 Imports of goods and services 9,703 9,146 10,228 14,747 GDP at current prices 31,923 27,379 34,507 54,249 Population 8,473,315 8,940,854 9,415,421 9,897,118 GDP per-capita at current 3, , , , Expenditure on GDP 2009 constant Prices - Million SSP Final consum exp, government 4,920 4,362 5,584 6,521 Final consum exp, households 11,039 11,051 11,838 12,452 Final consum exp, NPISH Gross fixed capital formation 4,880 3,857 3,633 4,350 Changes in inventories Gross domestic expenditure 21,299 19,485 21,809 23,602 Exports of goods and services 15,373 17,040 16,773 16,414 Imports of goods and services 10,426 9,146 10,049 10,933 GDP at 2009 constant prices 26,247 27,379 28,533 29,084 Population 8,473,315 8,940,854 9,415,421 9,897,118 GDP per-capita at constant 3,098 3,062 3,030 2,939
6 DERIVED NUMBERS SHARES IN GDP AT CURRENT PRICES Government final consumption Household final consumption NPIHS final consumption Gross fixed capital formation Changes in inventories Gross domestic expenditure Exports of goods and services imports of goods and services GDP at current prices SHARES IN GDP AT 2009 CONSTANT PRICES Government final consumption Household final consumption NPIHS final consumption Gross fixed capital formation Changes in inventories Gross domestic expenditure Exports of goods and services Imports of goods and services GDP at 2009 constant prices ANNUAL CHANGES AT 2009 CONSTANT PRICES Government final consumption Household final consumption NPIHS final consumption Gross fixed capital formation Changes in inventories -1, Gross domestic expenditure Exports of goods and services Imports of goods and services GDP at 2009 constant prices
7 Annual Changes in GDP by activity, 2009 Constant Prices, Percent GDP Oil GDP Non-oil GDP Revisions GDP, revised estimates, million SSP 31,923 27,379 34,507 GDP, previous estimates, million SSP 28,505 24,946 30,488
Ghana's Economic Performance 2010
GHANA STATISTICAL SERVICE (GSS) Statistics for Development and Progress Ghana's Economic Performance 21 i n f i g u r e s P.O. Box GP 198, Accra www. statsghana.gov.gh 211 Ghana's Economic Performance
More informationChapter 11: Activity
Economics for Managers by Paul Farnham Chapter 11: Measuring Macroeconomic Activity 11.1 Measuring Gross Domestic Product (GDP) GDP: the market value of all currently yproduced final goods and services
More informationANSWERS TO END-OF-CHAPTER QUESTIONS
ANSWERS TO END-OF-CHAPTER QUESTIONS 7-1 In what ways are national income statistics useful? National income accounting does for the economy as a whole what private accounting does for businesses. Firms
More information11.1 Estimating Gross Domestic Product (GDP) Objectives
11.1 Estimating Gross Domestic Product (GDP) Objectives Describe what the gross domestic product measures. Learn two ways to calculate the gross domestic product, and explain why they are equivalent. 11.1
More informationEconomic Outlook for FY2005 and Basic Economic and Fiscal Management Measures
Provisional Translation Economic Outlook for FY2005 and Basic Economic and Fiscal Management Measures December 20th, 2004 Cabinet Approval 1. Main Economic Indicators for FY2004 and FY2005 Gross domestic
More informationForecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014
Ministry of Finance Chief Economist - Research, State Revenue and International Affairs June 2013 Forecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014
More informationYou may use a calculator to do all of the calculations. Round all decimals to the nearest hundredth if necessary.
Economics 102 Fall 2015 Answers to Homework #3 Due Monday, October 26, 2015 Directions: The homework will be collected in a box before the large lecture. Please place your name, TA name and section number
More informationProfessor Christina Romer. LECTURE 17 MACROECONOMIC VARIABLES AND ISSUES March 17, 2016
Economics 2 Spring 2016 Professor Christina Romer Professor David Romer LECTURE 17 MACROECONOMIC VARIABLES AND ISSUES March 17, 2016 I. MACROECONOMICS VERSUS MICROECONOMICS II. REAL GDP A. Definition B.
More informationIn 2012, GNP in constant prices increased by 1.8% compared with 2011.
8 Economy In 2012, GNP in constant prices increased by 1.8% compared with 2011. The building and construction sector fell by 7.7% in value added terms in 2012 compared to 2011. Manufacturing industry decreased
More informationCHAPTER 5: MEASURING GDP AND ECONOMIC GROWTH
CHAPTER 5: MEASURING GDP AND ECONOMIC GROWTH Learning Goals for this Chapter: To know what we mean by GDP and to use the circular flow model to explain why GDP equals aggregate expenditure and aggregate
More informationChapter 8. GDP : Measuring Total Production and Income
Chapter 8. GDP : Measuring Total Production and Income Instructor: JINKOOK LEE Department of Economics / Texas A&M University ECON 203 502 Principles of Macroeconomics Related Economic Terms Macroeconomics:
More informationGuidelines For Compiling Sectoral Accounts
Guidelines For Compiling Sectoral Accounts Venkat Josyula Developing and Improving Sectoral Financial Accounts Algiers, January 20-21, 2016 The views expressed herein are those of the author and should
More informationCzech Economic Outlook and Prospects for the Exchange Rate Floor
Czech Economic Outlook and Prospects for the Exchange Rate Floor Vladimir Tomsik Vice-Governor Czech National Bank Small Talks Symposium 9 October 2015 Investor Seminar 10 October 2015 IMF/WB Annual Meeting
More informationSummary of the Esa2010 revision of National Accounts
9 September 2014 Summary of the Esa2010 revision of National Accounts Year 2011 In conjunction with the introduction of the new European system of national and regional accounts (Esa2010) Manual, Italy
More informationGross Domestic Product by expenditure approach in Kosovo 2004 2010
Republika e Kosovës Republika Kosova-Republic of Kosovo Qeveria - Vlada Government Ministria e Administratës Publike - Ministarstva Javne Uprave - Ministry of Public Administration Series 3: Economic Statistics
More informationChapter 20. The Measurement of National Income. In this chapter you will learn to. National Output and Value Added
Chapter 20 The Measurement of National Income In this chapter you will learn to 1. Use the concept of value added to solve the problem of double counting when measuring national income. 2. Describe the
More informationCountry Profile on Economic Census
Country Profile on Economic Census 1. Name of Country: Cuba 2. Name of Agency Responsible for Economic Census: National Statistics Office The National Statistics Office (NSO) is the leading institution
More informationFinancial Scrutiny Unit Briefing What is GDP?
The Scottish Parliament and Scottish Parliament Infor mation C entre l ogos. Financial Scrutiny Unit Briefing What is GDP? Richard Marsh 27 August 2013 13/48 This factsheet provides a short guide to Gross
More informationUnit 4: Measuring GDP and Prices
Unit 4: Measuring GDP and Prices ECO 120 Global Macroeconomics 1 1.1 Reading Reading Module 10 - pages 106-110 Module 11 1.2 Goals Goals Specific Goals: Understand how to measure a country s output. Learn
More informationTax Revenue Forecasting in Austria. Anton Rainer Ministry of Finance
Tax Revenue Forecasting in Austria Anton Rainer Ministry of Finance AUSTRIA 83.879 km² 8,4 million inhabitants Federal Republic with 9 Länder (states) with 2.357 Communities GDP 2011: 302 G 36.000 per
More informationNational Accounts for Fiscal 2003 Notice on Usage
National Accounts for Fiscal 2003 Notice on Usage 1. The National Accounts for Fiscal 2003 were compiled on the basis of the System of National Accounts 1993 (1993 SNA) the international standards recommended
More informationoccasional paper on economic statistics SINGAPORE HOUSEHOLD BALANCE SHEET: 2005 UPDATE AND RECENT TRENDS
occasional paper on economic statistics SINGAPORE HOUSEHOLD BALANCE SHEET: 2005 UPDATE AND RECENT TRENDS Singapore Department of Statistics June 2006 Papers in this Occasional Paper Series provide an informal
More information5 Comparison with the Previous Convergence Programme and Sensitivity Analysis
5 Comparison with the Previous Convergence Programme and Sensitivity Analysis 5.1 Comparison with the Previous Macroeconomic Scenario The differences between the macroeconomic scenarios of the current
More informationPRESS INFORMATION BUREAU GOVERNMENT OF INDIA PRESS NOTE
PRESS INFORMATION BUREAU GOVERNMENT OF INDIA PRESS NOTE Dated the 9 Jyaistha, 1936 Saka 30 th May, 2014 PROVISIONAL ESTIMATES OF ANNUAL NATIONAL INCOME, 2013-14 AND QUARTERLY ESTIMATES OF GROSS DOMESTIC
More informationStudy Questions 8 (Keynesian Model) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
Study Questions 8 (Keynesian Model) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In the Keynesian model of aggregate expenditure, real GDP is
More informationChapter 1: The balance of payments: an account of transactions with the rest of the world
Chapter 1: The balance of payments: an account of transactions with the rest of the world 1. National income accounting for an open economy 1. 2. The nation income identity for an open economy The GDP
More informationFISCAL POLICY AGENCY MINISTRY OF FINANCE MACROECONOMIC MODELLING IN FISCAL POLICY AGENCY
FISCAL POLICY AGENCY MINISTRY OF FINANCE MACROECONOMIC MODELLING IN FISCAL POLICY AGENCY Ardi Sugiyarto Ginanjar Wibowo ESCAP, 8-11 Desember 2015 FISCAL POLICY FORMULATION IN INDONESIA Fiscal Policy and
More informationMacroeconomics Instructor Miller GDP Practice Problems
Macroeconomics Instructor Miller GDP Practice Problems 1. Gross domestic product in the economy is measured by the A) total number of goods and services produced in the economy. B) dollar value of all
More informationNational Income Accounting
: A set of rules and definitions for measuring economic activity in the aggregate economy (The economy as a whole.) As we noted earlier, the main measure of aggregate economic activity are GDP and GNP
More informationCapitalisation of Research and Development Expenditure in Gross Domestic Product
Capitalisation of Research and Development Expenditure in Gross Domestic Product Daniel CHAN Kin-leung Census and Statistics Department, Hong Kong, China dklchan@censtatd.gov.hk Abstract Research and development
More informationThe level of price and inflation Real GDP: the values of goods and services measured using a constant set of prices
Chapter 2: Key Macroeconomics Variables ECON2 (Spring 20) 2 & 4.3.20 (Tutorial ) National income accounting Gross domestic product (GDP): The market value of all final goods and services produced within
More informationEconomic impacts of expanding the National Insurance Contributions holiday scheme Federation of Small Businesses policy paper
Economic impacts of expanding the National Insurance Contributions holiday scheme Federation of Small Businesses policy paper Overview This research paper sets out estimates for the economic and employment
More informationChapter 5: GDP and Economic Growth
Chapter 5: GDP and Economic Growth Be Mean Green! Please consider the environment before printing this Chapter Outline. It ll be available online throughout the semester. For Firms private accounting measures
More information187/2014-5 December 2014. EU28, euro area and United States GDP growth rates % change over the previous quarter
187/2014-5 December 2014 This News Release has been revised following an error in the data for Gross Fixed Capital Formation. This affects both the growth of GFCF and its contribution to GDP growth. All
More informationChapter 1. Introduction
Chapter 1 Introduction What is productivity, how is it measured and why is it important? These questions are a useful starting point from which we can define and explain the range of productivity measures
More informationThe Short-Run Macro Model. The Short-Run Macro Model. The Short-Run Macro Model
The Short-Run Macro Model In the short run, spending depends on income, and income depends on spending. The Short-Run Macro Model Short-Run Macro Model A macroeconomic model that explains how changes in
More information99/2015-9 June 2015. EU28, euro area and United States GDP growth rates % change over the previous quarter
2005Q1 2005Q2 2005Q3 2005Q4 2006Q1 2006Q2 2006Q3 2006Q4 2007Q1 2007Q2 2007Q3 2007Q4 2008Q1 2008Q2 2008Q3 2008Q4 2009Q1 2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1 2011Q2 2011Q3 2011Q4 2012Q1
More informationSouth Sudan Business Survey 2010
National Bureau of Statistics (NBS) South Sudan Business Survey 2010 National Bureau of Statistics (NBS) P.O. Box 137 Juba Tel: 0120731217 E-mail: contact.ssnbs@gmail.com info@ssnbs.org www.ssnbs.org Business
More informationMoving Towards the 2008 SNA: Key Issues
Moving Towards the 2008 SNA: Key Issues Seminar on National Accounts in Latin America and the Caribbean Santiago Chile, 4-6 August 2014 United Nations Statistics Division Outline of presentation Introduction
More informationForecasting at the Ministry of Finance
Forecasting at the Ministry of Finance Åsa Andersson, PhD Senior Advisor, Division for Public Finances Anna Breman, PhD Deputy Director, Forecasting Division Welcome to the Ministry of Finance Outline
More informationCENTRAL STATISTICAL OFFICE
REPUBLIC OF ZAMBIA CENTRAL STATISTICAL OFFICE GROSS DOMESTIC PRODUCT 2010 BENCHMARK ESTIMATES SUMMARY REPORT GROSS DOMESTIC PRODUCT 2010 BENCHMARK ESTIMATES SUMMARY REPORT Published by Central Statistical
More informationIreland and the EU 1973-2003 Economic and Social Change
Ireland and the EU 1973-2003 Economic and Social Change Table 1 Population, 1971-2002 viii Table 2 Population of the provinces ix Table 3 Births, deaths and life expectancy ix Table 4 Numbers in education
More informationRevenues and Expenditures of Non-Profit Institutions 2004 Survey
8 April 8 6/8 Revenues and Expenditures of Non-Profit Institutions Survey In, Non-Profit Institutions (NPIs) comprised 6.9 percent of Israel's gross domestic product, compared with 6. percent in 99. The
More informationThe economic outlook and monetary policy
The economic outlook and monetary policy Governor Svein Gjedrem SR-Bank, Stavanger March 5 Interest rates and inflation Per cent Market rate Real interest rate Neutral real interest rate Inflation SR-Bank
More informationGovernment s Role in Influencing Economic Growth and Productivity
Government s Role in Influencing Economic Growth and Productivity PSMW 2015 8:50 AM, May 26, 2014 Stuart Newton Comptroller General of BC What is Economic Growth and Productivity? Economic Growth: - Gross
More informationEighteenth Meeting of the IMF Committee on Balance of Payments Statistics Washington, D.C., June 27 July 1, 2005
BOPCOM-05/9 Eighteenth Meeting of the IMF Committee on Balance of Payments Statistics Washington, D.C., June 27 July 1, 2005 Definition of Personal Remittances in the Balance of Payments Context Prepared
More informationTotal health expenditure as percentage of Gross Domestic Product (GDP). Percentage of total general government expenditure that is spent on health.
- Total expenditure on health as percentage of GDP - General government expenditure on health as percentage of total general government expenditure - Per capita total expenditure on health at international
More information12th EU-China Round Table. Report on Surpassing GDP: The New Version of Human Development Index
European Economic and Social Committee Brussels, 8 October 2012 12th EU-China Round Table Report on Surpassing GDP: The New Version of Human Development Index Rapporteur: He Chuanqi, China Center for Modernization
More informationUNIT I NATIONAL INCOME AND MACROECONOMICS
UNIT I NATIONAL INCOME AND MACROECONOMICS 1 National Income National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this
More informationTracking the Macroeconomy
chapter 7(23) Tracking the Macroeconomy Chapter Objectives Students will learn in this chapter: How economists use aggregate measures to track the performance of the economy. What gross domestic product,
More informationMacroeconomics Instructor Miller Fiscal Policy Practice Problems
Macroeconomics Instructor Miller Fiscal Policy Practice Problems 1. Fiscal policy refers to changes in A) state and local taxes and purchases that are intended to achieve macroeconomic policy objectives.
More informationNATIONAL INCOME AND PRODUCT ACCOUNTING MEASURING THE MACROECONOMY
NATIONAL INCOME AND PRODUCT ACCOUNTING MEASURING THE MACROECONOMY 1. NIPA: GNP and GDP 2. Saving and Wealth 3. Prices and Inflation 4. Unemployment 5. Problems with Measuring the Macroeconomy There are
More informationAfghanistan Statistical Yearbook 2011-12 126
Afghanistan Statistical Yearbook 2011-12 126 Afghanistan Statistical Yearbook 2011-12 127 Afghanistan Statistical Yearbook 2011-12 128 Afghanistan Statistical Yearbook 2011-12 129 Million Afs Sector 1390
More informationEconomic Impact of the Queen of Peace Hospital and Related Health Sectors of Scott County
Economic Impact of the Queen of Peace Hospital and Related Health Sectors of Scott County March 17, 2011 Minnesota Department of Health- Office of Rural Health and Primary Care The health care sector is
More informationMEASURING GDP AND ECONOMIC GROWTH CHAPTER
MEASURING GDP AND ECONOMIC GROWTH CHAPTER Objectives After studying this chapter, you will able to Define GDP and use the circular flow model to explain why GDP equals aggregate expenditure and aggregate
More informationWages Coconuts 200 Fish 100 Consumption Coconuts 200 Fish 100
Chapter 2 Numerical 1 Professor Gilligan Production Coconuts 1000 Fish 500 Gilligan wages Fish 100 Stored coconuts Fertilizer 100 Price 2 coconuts per fish Wages Fish 100 Consumption Fish 100 GDP= Value
More informationAGGREGATE DEMAND AND AGGREGATE SUPPLY The Influence of Monetary and Fiscal Policy on Aggregate Demand
AGGREGATE DEMAND AND AGGREGATE SUPPLY The Influence of Monetary and Fiscal Policy on Aggregate Demand Suppose that the economy is undergoing a recession because of a fall in aggregate demand. a. Using
More informationTrinidad and Tobago Strategic Actions for Children and GOTT-UNICEF Work Plan 2013-2014 1
Trinidad and Tobago Strategic Actions for Children and GOTT-UNICEF Work Plan 2013-2014 1 The Trinidad and Tobago Strategic Actions for Children and the Government of Trinidad and Tobago-UNICEF Work Plan
More informationTHE STATE OF THE ECONOMY
THE STATE OF THE ECONOMY CARLY HARRISON Portland State University Following data revisions, the economy continues to grow steadily, but slowly, in line with expectations. Gross domestic product has increased,
More informationX. INTERNATIONAL ECONOMIC DEVELOPMENT 1/
1/ X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 10.1 Overview of World Economy Latest indicators are increasingly suggesting that the significant contraction in economic activity has come to an end, notably
More informationBig Concepts. Measuring U.S. GDP. The Expenditure Approach. Economics 202 Principles Of Macroeconomics
Lecture 6 Economics 202 Principles Of Macroeconomics Measuring GDP Professor Yamin Ahmad Real GDP and the Price Level Economic Growth and Welfare Big Concepts Ways to Measure GDP Expenditure Approach Income
More informationOverview of GDP Compilation Practises
Overview of GDP Compilation Practises Willie Lahari Ministry of Finance and Treasury/RAMSI PO Box G6, Honiara, Solomon Islands Email: wlahari@mof.gov.sb PFTAC Central Bank Training 2011, Suva August 15-19,
More informationBudget forecast. June 2010
Budget forecast June 2010 C The C.1 interim Office for Budget Responsibility s (OBR) Terms of Reference (TOR) require it to produce a forecast at the Budget, incorporating the impact of policy measures
More informationANNEX 1 - MACROECONOMIC IMPLICATIONS FOR ITALY OF ACHIEVING COMPLIANCE WITH THE DEBT RULE UNDER TWO DIFFERENT SCENARIOS
ANNEX 1 - MACROECONOMIC IMPLICATIONS FOR ITALY OF ACHIEVING COMPLIANCE WITH THE DEBT RULE UNDER TWO DIFFERENT SCENARIOS The aim of this note is first to illustrate the impact of a fiscal adjustment aimed
More informationInflation. Credit. Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes)
NUMBER 16 FEBRUARY 216 Economic activity and employment Foreign trade and competitiveness Inflation Credit The Public Finances Macroeconomic projections 1 7 8 11 12 Directorate general for economics, statistics
More informationUS Economic Indicators: GDP (Nominal & Real)
US Economic Indicators: GDP (Nominal & Real) July 9, Dr. Edward Yardeni -97-78 eyardeni@ Debbie Johnson 8-- djohnson@ Mali Quintana 8-- aquintana@ Please visit our sites at www. blog. thinking outside
More informationAre Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves
For Online Publication Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves Emi Nakamura Columbia University Jón Steinsson Columbia University September 22, 2015 Miao Liu University
More informationRe p o r t o n. t h e Slo va k Ec o n o m y
Re p o r t o n t h e Slo va k Ec o n o m y Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 813 2 Bratislava Slovakia Contact: +421/2/787 2146 http://www.nbs.sk
More informationMeasuring Economic Output Challenges in Compilation and Interpretation
Measuring Economic Output Challenges in Compilation and Interpretation Anila Dias Bandaranaike, Ph.D. 22 February 2010 I gratefully acknowledge the valuable input and permission to use his own work given
More informationMeasuring the Aggregate Economy
CHAPTER 25 Measuring the Aggregate Economy The government is very keen on amassing statistics... They collect them, add them, raise them to the n th power, take the cube root and prepare wonderful diagrams.
More informationStatistical Bulletin. Quarterly National Accounts, Quarter 2 (Apr to June) 2015
Statistical Bulletin Quarterly National Accounts, Quarter 2 (Apr to June) 2015 Coverage: UK Date: 30 September 2015 Geographical Area: UK and GB Theme: Economy Office for National Statistics 1 Main points
More information2. With an MPS of.4, the MPC will be: A) 1.0 minus.4. B).4 minus 1.0. C) the reciprocal of the MPS. D).4. Answer: A
1. If Carol's disposable income increases from $1,200 to $1,700 and her level of saving increases from minus $100 to a plus $100, her marginal propensity to: A) save is three-fifths. B) consume is one-half.
More informationReference: Gregory Mankiw s Principles of Macroeconomics, 2 nd edition, Chapters 10 and 11. Gross Domestic Product
Macroeconomics Topic 1: Define and calculate GDP. Understand the difference between real and nominal variables (e.g., GDP, wages, interest rates) and know how to construct a price index. Reference: Gregory
More informationEC201 Intermediate Macroeconomics. EC201 Intermediate Macroeconomics Problem Set 1 Solution
EC201 Intermediate Macroeconomics EC201 Intermediate Macroeconomics Problem Set 1 Solution 1) Given the difference between Gross Domestic Product and Gross National Product for a given economy: a) Provide
More informationPre-Test Chapter 10 ed17
Pre-Test Chapter 10 ed17 Multiple Choice Questions 1. Refer to the above diagrams. Assuming a constant price level, an increase in aggregate expenditures from AE 1 to AE 2 would: A. move the economy from
More information5 Remittances. A. Economic Concept of Remittances and Why They Are Important
APPENDIX 5 Remittances A. Economic Concept of Remittances and Why They Are Important A5.1 Remittances represent household income from foreign economies arising mainly from the temporary or permanent movement
More informationEconomics 152 Solution to Sample Midterm 2
Economics 152 Solution to Sample Midterm 2 N. Das PART 1 (84 POINTS): Answer the following 28 multiple choice questions on the scan sheet. Each question is worth 3 points. 1. If Congress passes legislation
More informationEconomics 212 Principles of Macroeconomics Study Guide. David L. Kelly
Economics 212 Principles of Macroeconomics Study Guide David L. Kelly Department of Economics University of Miami Box 248126 Coral Gables, FL 33134 dkelly@miami.edu First Version: Spring, 2006 Current
More informationGrowth and Distributive Impacts of Public Infrastructure Investments in the Philippines
Growth and Distributive Impacts of Public Infrastructure Investments in the Philippines ADB, Manila, Philippines / June 19, 2013 / 14th Annual Global Development Conference / Erwin Corong, Lawrence Dacuycuy,
More informationGross National Income reservations
Gross National Income reservations Eurostat has completed the verification process of the sources and methods used to calculate Gross National Income (GNI) by the United Kingdom (UK). The process revealed
More informationIntroduction to Macroeconomics TOPIC 2: The Goods Market
TOPIC 2: The Goods Market Annaïg Morin CBS - Department of Economics August 2013 Goods market Road map: 1. Demand for goods 1.1. Components 1.1.1. Consumption 1.1.2. Investment 1.1.3. Government spending
More informationThe Economic Impact of Technical College System of Georgia Institutions on their Service Delivery Areas Economies in FY 2012
The Economic Impact of Technical College System of Georgia Institutions on their Service Delivery Areas Economies in FY 2012 January 2014 A Study Commissioned by The Technical College System of Georgia
More informationThe President s Report to the Board of Directors
The President s Report to the Board of Directors May 5, 2015 CURRENT ECONOMIC DEVELOPMENTS - May 5, 2015 Data released since your last Directors' meeting show that economic growth continued to slow in
More informationSenate Bill 502: Health Insurance Premium Tax
Senate Bill 502: Health Insurance Premium Tax Prepared for New Mexico Department of Finance & Adminstration By Regional Economic Models, Inc. Decemeber 14 th, 2004 306 Lincoln Avenue Amherst, MA 01002
More informationGOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015
GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 The Scottish Government, Edinburgh 2015 Crown copyright 2015 This publication is
More informationCH 10 - REVIEW QUESTIONS
CH 10 - REVIEW QUESTIONS 1. The short-run aggregate supply curve is horizontal at: A) a level of output determined by aggregate demand. B) the natural level of output. C) the level of output at which the
More informationThe National Accounts and the Public Sector by Casey B. Mulligan Fall 2010
The National Accounts and the Public Sector by Casey B. Mulligan Fall 2010 Factors of production help interpret the national accounts. The factors are broadly classified as labor or (real) capital. The
More informationThe Future of U.S. Health Care Spending Conference, April 11, 2014
The Future of U.S. Health Care Spending Conference, April 11, 2014 The Potential Impact of Alternative Health Care Spending Scenarios on Future State and Local Government Budgets Author: Donald Boyd, Rockefeller
More informationECONOMIC GROWTH* Chapter. Key Concepts
Chapter 5 MEASURING GDP AND ECONOMIC GROWTH* Key Concepts Gross Domestic Product Gross domestic product, GDP, is the market value of all the final goods and services produced within in a country in a given
More informationEconomic Outlook for Europe and Finland
Economic Outlook for Europe and Finland Finnish-British Chamber of Commerce 15 March 213 Seppo Honkapohja Member of the Board Bank of Finland 1 World economy: World industrial output improved, but international
More informationCaucasus and Central Asia: Oil Price Decline and Regional Spillovers Darken the Outlook
Caucasus and Central Asia: Oil Price Decline and Regional Spillovers Darken the Outlook Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 215 mainly as a consequence
More informationEconomic Research Division
July Economic Commentary Number Why is the Rate of Decline in the GDP Deflator So Large? Exploring the background against the discrepancy from the Consumer Price Index Economic Research Division Maiko
More informationECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES
NUMBER 99 JULY 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Directorate general for economics, statistics
More informationHouseholds Wages, profit, interest, rent = $750. Factor markets. Wages, profit, interest, rent = $750
KrugmanMacro_SM_Ch07.qxp 11/9/05 4:47 PM Page 87 Tracking the Macroeconomy 1. Below is a simplified circular-flow diagram for the economy of Micronia. a. What is the value of GDP in Micronia? b. What is
More informationGreece. 1. Economic situation
2. COUNTRY NOTES: GREECE 119 1. Economic situation The Greek economy is in a recession in the wake of the economic and sovereign debt crisis, exacerbated by the impact that austerity measures are having
More information1 MAS Survey of Professional Forecasters: December 2006
1 MAS Survey of Professional Forecasters: December 2006 Economic Policy Department June 2014 Probability (Per Cent) 2 MAS Survey of Professional Forecasters: June 2014 The June 2014 Survey was sent out
More informationCompiling the Gross Domestic Product: The Myanmar Experience
Compiling the Gross Domestic Product: The Myanmar Experience by Ministry of National Planning and Economic Development The views expressed in this document are of the author(s) and do not necessarily reflect
More informationEconomic impact of the recent decrease in social security contributions A model based analysis
Policy Briefing Series [PB/9/26] Economic impact of the recent decrease in social security contributions A model based analysis Philipp Engler, Simon Voigts, Robert Kirchner, Oleksandra Betliy German Advisory
More informationMeasuring GDP and Economic Growth
20 Measuring GDP and Economic Growth After studying this chapter you will be able to Define GDP and explain why GDP equals aggregate expenditure and aggregate income Explain how Statistics Canada measures
More information