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< $5 billion Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2 ] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates .
In the 1970s, manufacturing accounted for over 20 percent of the economy. Total employment in manufacturing fell from 7.1 million in 1979 to 4.5 million in 1992 and only 2.7 million in 2016, when it accounted for 10% of the economy. [102] [103] Manufacturing has increased in 36 of the last 50 years and was twice in 2007 what is in 1958. [104]
The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4] Sterling is the world's oldest currency in continuous use since its inception. [8]
Net lending (+)/borrowing (-) is also equal to net acquisition of financial assets minus net incurrence of liabilities." [ 3 ] According to World Bank , "revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales.
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
In that year the sector had a turnover of £52.5 billion, generated £26.6 billion of exports [153] and produced around 1.45 million passenger vehicles and 203,000 commercial vehicles. [152] The UK is a major centre for engine manufacturing, and in 2008 around 3.16 million engines were produced in the country.
In the following table, for each country/territory, IMF figures shows total population, GDP, government revenue,, government expenditure, and government expenditure per capita, in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
This changed the government's June inflation data from 5.7% to 4.4%, July's 5.5% rate to 4.1%, and August's 4.3% to 3.9%. [ 155 ] [ 156 ] < It was also stated in the BCV's August report that it was an "economic war that hindered the normal course of production activities and distribution of essential goods demanded by the Venezuelan people".