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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

Azerbaijan Crude Oil Production at 855.00 Thousands Barrels per Day  
Crude Oil Production in Azerbaijan decreased to 855 Thousands Barrels per Day in October of 2013 from 870 Thousands Barrels per Day in September of 2013. Crude Oil Production in Azerbaijan is reported by the U.S. Energy Information Administration.
Azerbaijan Employed Persons at 4445.30 Thousand  
The number of employed persons in Azerbaijan increased to 4445.30 Thousand in 2012 from 4375.20 Thousand in 2011. Employed Persons in Azerbaijan is reported by the State Statistical Committee, Azerbaijan.
Azerbaijan Money Supply M0 at 9956.10 AZN Million  
Money Supply M0 in Azerbaijan increased to 9956.10 AZN Million in February of 2014 from 9911.70 AZN Million in January of 2014. Money Supply M0 in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Money Supply M2 at 16124.70 AZN Million  
Money Supply M2 in Azerbaijan increased to 16124.70 AZN Million in February of 2014 from 15982.90 AZN Million in January of 2014. Money Supply M2 in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Current Account to GDP at 16.70 Percent  
Azerbaijan recorded a Current Account surplus of 16.70 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Government Budget at 0.30 Percent of GDP  
Azerbaijan recorded a Government Budget surplus equal to 0.30 percent of the countrys Gross Domestic Product in 2012. Government Budget in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Unemployment Rate at 5.20 Percent  
Unemployment Rate in Azerbaijan decreased to 5.20 percent in 2012 from 5.40 percent in 2011. Unemployment Rate in Azerbaijan is reported by the The State Statistical Committee of the Republic of Azerbaijan.
Azerbaijan Retail Sales YoY at 9.90 Percent  
Retail Sales in Azerbaijan increased 9.90 percent in 2013 over the previous year. Retail Sales YoY in Azerbaijan is reported by the The State Statistical Committee of the Republic of Azerbaijan.
Azerbaijan Industrial Production at 1.80 Percent  
Industrial Production in Azerbaijan increased 1.80 percent in 2013 over the previous year. Industrial Production in Azerbaijan is reported by the The State Statistical Committee of the Republic of Azerbaijan.
Azerbaijan GDP Annual Growth Rate at 5.80 Percent  
The Gross Domestic Product (GDP) in Azerbaijan expanded 5.80 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Azerbaijan is reported by the The State Statistical Committee of the Republic of Azerbaijan.
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LATEST NEWS

New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
Turkey Unemployment Rate Edges Up Slightly in January  
Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.
Euro Area Trade Surplus Widens in February On Rising Exports  
The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
Ghana’s Economy Advances 2.7% QoQ in Q4  
Ghana GDP growth accelerated to a quarter-on-quarter seasonally adjusted 2.7 percent in the last three months of 2013. Figures for the previous quarter were revised to show a 4.4 percent contraction, down from a 0.5 percent expansion initially reported.
US Retail Sales Beat Expectations in March  
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.
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