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Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to ...
Vietnam had an average GDP growth of 7.1% a year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second-largest in Asia, trailing only China's. The government estimated that GDP grew in 2006 by 8.17%. According to the Minister of Planning and Investment, the government targeted a GDP growth of around 8.5% in 2007. [49]
Rank Country GDP per person employed (2017 Intl. $) Year 1 Luxembourg 240,995: 2022 2 Ireland 222,016: 2022 3 Singapore 165,451: 2022 4 Switzerland 131,694: 2022 5 Brunei ...
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Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). [1] This adjustment transforms the money-value measure, nominal GDP , into an index for quantity of total output.
It is the measure of the price level for some quantity. A deflator serves as a price index in which the effects of inflation are nulled. [1] [2] [3] It is the difference between real and nominal GDP. [4] [5] In the United States, the import and export price indexes produced by the International Price Program are used as deflators in national ...
Where PPPrate X,i is the PPP exchange rate of country X for year i, PPPrate X,b is the PPP exchange rate of country X for the benchmark year, PPPrate U,b is the PPP exchange rate of the United States (US) for the benchmark year (equal to 1), GDPdef X,i is the GDP deflator of country X for year i, GDPdef X,b is the GDP deflator of country X for ...
A chained volume series is a series of economic data (such as GDP, GNP or similar kinds of data) from successive years, put in real (or constant, i.e. inflation- and deflation-adjusted) terms by computing the aggregate value of the measure (e.g. GDP or GNP) for each year using the prices of the preceding year, and then 'chain linking' the data together to obtain a time-series of figures from ...