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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

Niger Inflation Rate at -0.40 Percent  
The inflation rate in Niger was recorded at -0.40 percent in March of 2014. Inflation Rate in Niger is reported by the Institut National de la Statistique du Niger.
Niger Balance of Trade at -34372.70 FCFA Million  
Niger recorded a trade deficit of 34372.70 FCFA Million in the third quarter of 2013. Balance of Trade in Niger is reported by the Institut National de la Statistique du Niger.
Niger Exports at 139556.10 FCFA Million  
Exports in Niger increased to 139556.10 FCFA Million in the third quarter of 2013 from 127393.56 FCFA Million in the second quarter of 2013. Exports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Imports at 173928.80 FCFA Million  
Imports in Niger decreased to 173928.80 FCFA Million in the third quarter of 2013 from 185523.50 FCFA Million in the second quarter of 2013. Imports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Niger stands at 18 percent. Sales Tax Rate in Niger is reported by the Ministry of Finance.
Niger Interest Rate at 3.50 Percent  
The benchmark interest rate in Niger was last recorded at 3.50 percent. Interest Rate in Niger is reported by the Central Bank of West African States (BCEAO).
Niger Current Account at -576.00 FCFA Million  
Niger recorded a Current Account deficit of 576 FCFA Million in 2013. Current Account in Niger is reported by the Institut National de la Statistique du Niger.
Niger Current Account to GDP at -28.20 Percent  
Niger is expected to record a Current Account deficit of 28.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Niger is reported by the Institut National de la Statistique du Niger.
Niger Government Budget at 0.10 Percent of GDP  
Niger is expected to record a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Niger is reported by the Institut National de la Statistique du Niger.
Niger GDP Annual Growth Rate at 3.60 Percent  
The Gross Domestic Product (GDP) in Niger is expected to expand 3.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Niger is reported by the Institut National de la Statistique du Niger.
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LATEST NEWS

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.
Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
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.
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