Key Economic Indicators Explained
- Full Year GDP Growth: The annual percentage increase in a country’s economic output.
- GDP (Gross Domestic Product): Total value of all goods and services produced over a specific time period.
- GDP Annual Growth Rate: Year-over-year percentage change in GDP.
- GDP Constant Prices: GDP adjusted for inflation, reflecting the value of goods and services at constant prices.
- GDP From Agriculture: Economic output from the agriculture sector.
- GDP From Construction: Economic output from the construction sector.
- GDP From Manufacturing: Economic output from the manufacturing sector.
- GDP From Mining: Economic output from mining activities.
- GDP From Public Administration: Economic output from government services.
- GDP From Services: Economic output from the services sector.
- GDP From Transport: Economic output from transportation services.
- GDP From Utilities: Economic output from utility services (e.g., electricity, water).
- GDP Growth Rate: Quarterly or annual rate of change in GDP.
- GDP Per Capita: GDP divided by the population, indicating average economic output per person.
- GDP Per Capita PPP (Purchasing Power Parity): GDP per capita adjusted for purchasing power differences.
- GDP Sales: Total sales within the economy.
- Gross Fixed Capital Formation: Investments in fixed assets like buildings, machinery, and infrastructure.
- Gross National Product (GNP): GDP plus net income from foreign investments.
- Real Consumer Spending: Inflation-adjusted total expenditure by households.
- Weekly Economic Index: A composite index tracking real-time economic activity on a weekly basis.
Additional Insights
These indicators provide a comprehensive view of economic health, informing policymakers, investors, and analysts about economic performance and trends. Understanding these metrics helps in making informed decisions about investments, policy-making, and economic forecasts
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