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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Armenia Capital Flows at 1025.30 USD Million  
Capital Flows in Armenia increased to 1025.30 USD Million in 2013 from 857.30 USD Million in 2012. Capital Flows in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Confidence at 40.90  
Consumer Confidence in Armenia decreased to 40.90 in the fourth quarter of 2013 from 41.90 in the third quarter of 2013. Consumer Confidence in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Price Index (CPI) at 101.20 Index Points  
Consumer Price Index (CPI) in Armenia decreased to 101.20 Index Points in March of 2014 from 101.60 Index Points in February of 2014. Consumer Price Index (CPI) in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Core Consumer Prices at 100.02 Index Points  
Core Consumer Prices in Armenia increased to 100.02 Index Points in March of 2014 from 99.55 Index Points in February of 2014. Core Consumer Prices in Armenia is reported by the Central Bank of Armenia.
Armenia Current Account at -335.94 USD Million  
Armenia recorded a Current Account deficit of 335.94 USD Million in the fourth quarter of 2013. Current Account in Armenia is reported by the Central Bank of Armenia.
Armenia GDP Current Prices at 1357702.60 AMD Million  
GDP Constant Prices in Armenia increased to 1357702.60 AMD Million in the fourth quarter of 2013 from 1285899 AMD Million in the third quarter of 2013. GDP Constant Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Government Budget Value at 13.72 AMD Billion  
Armenia recorded a government budget surplus of 13.72 AMD Billion in 2013. Government Budget Value in Armenia is reported by the Economic Development and Research Center (Armenia).
Armenia Producer Prices at 99.60 Index Points  
Producer Prices in Armenia decreased to 99.60 Index Points in March of 2014 from 100.10 Index Points in February of 2014. Producer Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Unemployed Persons at 57.50 Thousand  
The number of unemployed persons in Armenia increased to 57.50 Thousand in February of 2014 from 55.90 Thousand in January of 2014. Unemployed Persons in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Social Security Rate For Employees at 8.00 Percent  
The Social Security Rate For Employees in Armenia stands at 8 percent. Social Security Rate For Employees in Armenia is reported by the Ministry of Labor and Social Affairs.
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LATEST NEWS

South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
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