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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

Congo Interest Rate at 2.00 percent  
The benchmark interest rate in Congo was last recorded at 2 percent. Interest Rate in Congo is reported by the Banque Centrale du Congo.
Congo Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Congo stands at 30 percent. Personal Income Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Inflation Rate at 1.21 percent  
The inflation rate in Congo was recorded at 1.21 percent in February of 2014. Inflation Rate in Congo is reported by the Banque Centrale du Congo.
Congo Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Congo stands at 35 percent. Corporate Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Sales Tax Rate | VAT at 13.00 Percent  
The Sales Tax Rate in Congo stands at 13 percent. Sales Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Balance of Trade at 101.50 USD Million  
Congo recorded a trade surplus of 101.50 USD Million in 2013. Balance of Trade in Congo is reported by the Banque Centrale du Congo.
Congo Current Account at -2451.30 USD Million  
Congo recorded a Current Account deficit of 2451.30 USD Million in 2013. Current Account in Congo is reported by the Banque Centrale du Congo.
Congo Imports at 9488.70 USD Million  
Imports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8355.70 USD Million in 2012. Imports in Congo is reported by the Banque Centrale du Congo.
Congo Exports at 9488.70 USD Million  
Exports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8534.20 USD Million in 2012. Exports in Congo is reported by the Banque Centrale du Congo.
Congo GDP Annual Growth Rate at 8.10 percent  
The Gross Domestic Product (GDP) in Congo is expected to expand 8.10 percent in 2013 from the previous year. GDP Annual Growth Rate in Congo is reported by the Banque Centrale du Congo.
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LATEST NEWS

Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
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