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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

Guatemala Capital Flows at 2517.10 USD Million  
Capital Flows in Guatemala increased to 2517.10 USD Million in 2013 from 2262 USD Million in 2012. Capital Flows in Guatemala is reported by the Banco de Guatemala.
Guatemala Changes in Inventories at -152.10 GTQ Million  
Changes in Inventories in Guatemala increased to -152.10 GTQ Million in 2013 from -472.10 GTQ Million in 2012. Changes in Inventories in Guatemala is reported by the Banco de Guatemala.
Guatemala Consumer Price Index (CPI) at 115.46 Index Points  
Consumer Price Index (CPI) in Guatemala increased to 115.46 Index Points in March of 2014 from 115.20 Index Points in February of 2014. Consumer Price Index (CPI) in Guatemala is reported by the Banco de Guatemala.
Guatemala Consumer Spending at 187994.80 GTQ Million  
Consumer Spending in Guatemala increased to 187994.80 GTQ Million in 2013 from 179995 GTQ Million in 2012. Consumer Spending in Guatemala is reported by the Banco de Guatemala.
Guatemala GDP Constant Prices at 221842.30 GTQ Million  
GDP Constant Prices in Guatemala increased to 221842.30 GTQ Million in 2013 from 214088.20 GTQ Million in 2012. GDP Constant Prices in Guatemala is reported by the Banco de Guatemala.
Guatemala Government Budget Value at -429.80 GTQ Million  
Guatemala recorded a government budget deficit of 429.80 GTQ Million in March of 2014. Government Budget Value in Guatemala is reported by the Banco de Guatemala.
Guatemala Government Spending at 25063.60 GTQ Million  
Government Spending in Guatemala increased to 25063.60 GTQ Million in 2013 from 24454.40 GTQ Million in 2012. Government Spending in Guatemala is reported by the Banco de Guatemala.
Guatemala Gross Fixed Capital Formation at 32283.60 GTQ Million  
Gross Fixed Capital Formation in Guatemala increased to 32283.60 GTQ Million in 2013 from 31726.20 GTQ Million in 2012. Gross Fixed Capital Formation in Guatemala is reported by the Banco de Guatemala.
Guatemala Remittances at 5246.00 USD Million  
Remittances in Guatemala increased to 5246 USD Million in 2013 from 4915.60 USD Million in 2012. Remittances in Guatemala is reported by the Bank of Guatemala.
Guatemala Government Debt To GDP at 29.74 Percent  
Guatemala recorded a Government Debt to GDP of 29.74 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Guatemala is reported by the Consejo Monetario Centroamericano.
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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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