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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

Macao Inflation Rate at 5.65 Percent  
The inflation rate in Macao was recorded at 5.65 percent in February of 2014. Inflation Rate in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Tourist Arrivals at 2560560.00  
Tourist Arrivals in Macao increased to 2560560 in February of 2014 from 2503609 in January of 2014. Tourist Arrivals in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Unemployed Persons at 6.80 Thousand  
The number of unemployed persons in Macao decreased to 6.80 Thousand in the fourth quarter of 2013 from 6.90 Thousand in the third quarter of 2013. Unemployed Persons in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Balance of Trade at -5349065.09 Thousand MOP  
Macao recorded a trade deficit of 5349065.09 Thousand MOP in February of 2014. Balance of Trade in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Current Account at 149493.30 MOP Million  
Macao recorded a Current Account surplus of 149493.30 MOP Million in 2012. Current Account in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Exports at 721061.03 Thousand MOP  
Exports in Macao decreased to 721061.03 Thousand MOP in February of 2014 from 935118.74 Thousand MOP in January of 2014. Exports in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Imports at 6070126.11 Thousand MOP  
Imports in Macao decreased to 6070126.11 Thousand MOP in February of 2014 from 8772420.07 Thousand MOP in January of 2014. Imports in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Changes in Inventories at 1242400.00 MOP THO  
Changes in Inventories in Macao increased to 1242400 MOP THO in the fourth quarter of 2013 from 1109700 MOP THO in the third quarter of 2013. Changes in Inventories in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Consumer Price Index (CPI) at 128.32 Index Points  
Consumer Price Index (CPI) in Macao increased to 128.32 Index Points in February of 2014 from 127.85 Index Points in January of 2014. Consumer Price Index (CPI) in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Consumer Spending at 18292600.00 MOP THO  
Consumer Spending in Macao increased to 18292600 MOP THO in the fourth quarter of 2013 from 18095600 MOP THO in the third quarter of 2013. Consumer Spending in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
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LATEST NEWS

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.
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.
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