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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.
The Penn World Table (PWT) is a set of national-accounts data developed and maintained by scholars at the University of California, Davis and the Groningen Growth Development Centre of the University of Groningen to measure real GDP across countries and over time.
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]
Countries by real GDP growth rate in 2024 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
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 ...
At the time, the influential global organisation expected the UK to grow by 1.1% in 2024. The IMF and UK government have disagreed over previous predictions, and economic forecasts are not always ...
The UN projects that Japan's population decline will accelerate to about −0.7% per year in the 2040–2045 time period. [20] This means that for Japan's GDP to grow during that period, per capita GDP growth must be greater than 0.7% per year.
A Chinese economist said China's official GDP figures may be higher than actual numbers. He said China's GDP is likely to grow between 3% and 4% in the next three to five years.