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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

Iran Current Account at 6092.00 USD Million  
Iran recorded a Current Account surplus of 6092 USD Million in the first quarter of 2013. Current Account in Iran is reported by the Central Bank of Iran.
Iran Gross Fixed Capital Formation at 527189.00 IRR Billion  
Gross Fixed Capital Formation in Iran increased to 527189 IRR Billion in the fourth quarter of 2012 from 383930 IRR Billion in the third quarter of 2012. Gross Fixed Capital Formation in Iran is reported by the Central Bank of Iran.
Iran Inflation Rate at 22.80 Percent  
The inflation rate in Iran was recorded at 22.80 percent in February of 2014. Inflation Rate in Iran is reported by the Central Bank of Iran.
Iran Government Budget at -0.78 Percent of GDP  
Iran recorded a Government Budget deficit equal to 0.78 percent of the country's Gross Domestic Product in 2013. Government Budget in Iran is reported by the Central Bank of Iran.
Iran Current Account to GDP at 8.12 Percent  
Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran.
Iran Crude Oil Production at 3200.00 Thousands Barrels per Day  
Crude Oil Production in Iran remained unchanged at 3200 Thousands Barrels per Day in October of 2013 from 3200 Thousands Barrels per Day in September of 2013. Crude Oil Production in Iran is reported by the U.S. Energy Information Administration.
Iran Balance of Trade at 7530.00 USD Million  
Iran recorded a trade surplus of 7530 USD Million in the first quarter of 2013. Balance of Trade in Iran is reported by the Central Bank of Iran.
Iran Imports at 17137.00 USD Million  
Imports in Iran increased to 17137 USD Million in the first quarter of 2013 from 16425 USD Million in the fourth quarter of 2012. Imports in Iran is reported by the Central Bank of Iran.
Iran Exports at 24667.00 USD Million  
Exports in Iran increased to 24667 USD Million in the first quarter of 2013 from 24620 USD Million in the fourth quarter of 2012. Exports in Iran is reported by the Central Bank of Iran.
Iran Industrial Production at -7.70 Percent  
Industrial Production in Iran decreased 7.70 percent in the first quarter of 2013 over the same quarter in the previous year. Industrial Production in Iran is reported by the Central Bank of Iran.
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LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
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.
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