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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

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.
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.
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