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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

Uzbekistan Current Account at 84.00 USD Million  
Uzbekistan recorded a Current Account surplus of 84 USD Million in 2013. Current Account in Uzbekistan is reported by the SESRIC.
Uzbekistan Consumer Spending at 13937500.00 UZS Million  
Consumer Spending in Uzbekistan increased to 13937500 UZS Million in 2012 from 12901800 UZS Million in 2011. Consumer Spending in Uzbekistan is reported by the SESRIC.
Uzbekistan Government Spending at 4854590.00 UZS Million  
Government Spending in Uzbekistan increased to 4854590 UZS Million in 2012 from 4524490 UZS Million in 2011. Government Spending in Uzbekistan is reported by the SESRIC.
Uzbekistan Interest Rate at 10.00 Percent  
The benchmark interest rate in Uzbekistan was last recorded at 10 percent. Interest Rate in Uzbekistan is reported by the Central Bank of Uzbekistan.
Uzbekistan Personal Income Tax Rate at 22.00 percent  
The Personal Income Tax Rate in Uzbekistan stands at 22 percent. Personal Income Tax Rate in Uzbekistan is reported by the State Tax Committee.
Uzbekistan Population at 30.49 Million  
The total population in Uzbekistan was last recorded at 30.5 million people in 2013 from 8.6 million in 1960, changing 256 percent during the last 50 years. Population in Uzbekistan is reported by the The State Committee of the Republic of Uzbekistan on Statistics.
Uzbekistan Corporate Tax Rate at 9.00 percent  
The Corporate Tax Rate in Uzbekistan stands at 9 percent. Corporate Tax Rate in Uzbekistan is reported by the State Tax Committee.
Uzbekistan Sales Tax Rate at 20.00 Percent  
The Sales Tax Rate in Uzbekistan stands at 20 percent. Sales Tax Rate in Uzbekistan is reported by the State Tax Committee.
Uzbekistan Unemployed Persons at 149.00 Thousand  
The number of unemployed persons in Uzbekistan decreased to 149 Thousand in the first quarter of 2011 from 671.60 Thousand in the fourth quarter of 2010. Unemployed Persons in Uzbekistan is reported by the The State Committee of the Republic of Uzbekistan on Statistics.
Uzbekistan Government Budget at 0.43 Percent of GDP  
Uzbekistan recorded a Government Budget surplus equal to 0.43 percent of the country's Gross Domestic Product in 2012. Government Budget in Uzbekistan is reported by the The State Committee of the Republic of Uzbekistan on Statistics.
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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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