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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 Imports at 2753080.00 USD Thousand  
Imports in Azerbaijan decreased to 2753080 USD Thousand in the fourth quarter of 2013 from 3026159 USD Thousand in the third quarter of 2013. Imports in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Current Account at 3061.00 USD Million  
Azerbaijan recorded a Current Account surplus of 3061 USD Million in the fourth quarter of 2013. Current Account in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Balance of Trade at 5212692.00 USD Thousand  
Azerbaijan recorded a trade surplus of 5212692 USD Thousand in the fourth quarter of 2013. Balance of Trade in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Exports at 7965772.00 USD Thousand  
Exports in Azerbaijan increased to 7965772 USD Thousand in the fourth quarter of 2013 from 7950505 USD Thousand in the third quarter of 2013. Exports in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Capital Flows at 1428.00 USD Million  
Capital Flows in Azerbaijan decreased to 1428 USD Million in the fourth quarter of 2013 from 1774 USD Million in the third quarter of 2013. Capital Flows in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Crude Oil Production at 880.00 Thousands Barrels per Day  
Crude Oil Production in Azerbaijan increased to 880 Thousands Barrels per Day in December of 2013 from 870 Thousands Barrels per Day in November 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 GDP Current Prices at 13151.00 AZN Million  
GDP Constant Prices in Azerbaijan increased to 13151 AZN Million in March of 2014 from 8462 AZN Million in February of 2014. GDP Constant Prices in Azerbaijan is reported by the Central Bank of the Republic of Azerbaijan.
Azerbaijan Inflation Rate at 2.00 Percent  
The inflation rate in Azerbaijan was recorded at 2 percent in March of 2014. Inflation Rate in Azerbaijan is reported by the The State Statistical Committee of the Republic of 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.
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LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
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.
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