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This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country. List of countries by GNI per capita growth measures changes in gross national income per capita.
In 2020, its GDP per capita in purchasing power standards reached 72% of the European Union average, up from 44% in 2007, the highest growth rate in the EU27. [42] Romania 's economy ranks 35th in the world by its total GDP ( PPP ), with a Int$ 784 billion annual output (2023 est.).
The growth accounting procedure proceeds as follows. First is calculated the growth rates for the output and the inputs by dividing the Period 2 numbers with the Period 1 numbers. Then the weights of inputs are computed as input shares of the total input (Period 1). Weighted growth rates (WG) are obtained by weighting growth rates with the weights.
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...
Belarus has the lowest unemployment rate in Europe, although this figure includes underemployment. Bulgaria has the smallest average wage and monthly minimum wage in the European Union. Estonia has the smallest public debt (as a percentage of GDP) of any state in Europe, as well as in the European Union and eurozone.
The labor force increased from 12% to 19.2% between 1950 and 1965 and, according to official figures, its industrial production increased by 649%. [8] While the real figures are expected to have been lower, most sources agree that there was a massive growth. [8] The industrialization had an important social impact.
According to this formula the incremental capital output ratio can be computed by dividing the investment share in GDP by the rate of growth of GDP. As an example, if the level of investment (as a share of GDP) in a developing country had been (approximately) 20% over a particular period, and if the growth rate of GDP had been (approximately) 5 ...
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in European countries for the latest years recorded in the CIA World Factbook. The list includes all members of the Council of Europe and Belarus apart from those countries with GDP growth estimates older than 2014.