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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

Gabon Inflation Rate at 3.26 Percent  
The inflation rate in Gabon was recorded at 3.26 percent in December of 2013. Inflation Rate in Gabon is reported by the Direction Générale des Statistiques du Gabon.
Gabon Crude Oil Production at 250.00 Thousands Barrels per Day  
Crude Oil Production in Gabon remained unchanged at 250 Thousands Barrels per Day in December of 2013 from 250 Thousands Barrels per Day in November of 2013. Crude Oil Production in Gabon is reported by the U.S. Energy Information Administration.
Gabon Interest Rate at 3.25 Percent  
The benchmark interest rate in Gabon was last recorded at 3.25 percent. Interest Rate in Gabon is reported by the Bank of Central African States.
Gabon Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Gabon stands at 35 percent. Personal Income Tax Rate in Gabon is reported by the General Direction of Taxes.
Gabon Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Gabon stands at 35 percent. Corporate Tax Rate in Gabon is reported by the General Direction of Taxes.
Gabon Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Gabon stands at 18 percent. Sales Tax Rate in Gabon is reported by the General Direction of Taxes.
Gabon Current Account to GDP at 10.40 Percent  
Gabon recorded a Current Account surplus of 10.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Gabon is reported by the Direction Générale des Statistiques du Gabon.
Gabon Balance of Trade at 3711.95 FCFA Million  
Gabon recorded a trade surplus of 3711.95 FCFA Million in 2013. Balance of Trade in Gabon is reported by the Direction Générale des Statistiques du Gabon.
Gabon Imports at 2456.08 FCFA Million  
Imports in Gabon increased to 2456.08 FCFA Million in 2013 from 2257.42 FCFA Million in 2012. Imports in Gabon is reported by the Direction Générale des Statistiques du Gabon.
Gabon Exports at 6168.03 FCFA Million  
Exports in Gabon increased to 6168.03 FCFA Million in 2013 from 5829.90 FCFA Million in 2012. Exports in Gabon is reported by the Direction Générale des Statistiques du Gabon.
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LATEST NEWS

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.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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