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Failure :Uncertainty in economics is an unknown prospect of gain or loss, whether quantifiable as risk or not. Without it, household behavior would be unaffected by uncertain employment and income prospects, financial and capital markets would reduce to exchange of a single instrument in each market period, and there would be no communications industry. Given its different forms, there are various ways of representing uncertainty and modeling economic agents' responses to it. Game theory is a branch of applied mathematics that considers strategic interactions between agents, one kind of uncertainty. It provides a mathematical foundation of industrial organization, discussed above, to model different types of firm behavior, for example in an oligopolistic industry (few sellers), but equally applicable to wage negotiations, bargaining, contract design, and any situation where individual agents are few enough to have perceptible effects on each other. As a method heavily used in behavioral economics, it postulates that agents choose strategies to maximize their payoffs, given the strategies of other agents with at least partially conflicting interests. In this, it generalizes maximization approaches developed to analyze market actors such as in the supply and demand model and allows for incomplete information of actors. It has significant applications seemingly outside of economics in such diverse subjects as formulation of nuclear strategies, ethics, political science, and biology. Risk aversion may stimulate activity that in well-functioning markets smooth, out risk and communicates information about risk, as in markets for insurance, commodity futures contracts, and financial instruments. 


Financial economics or simply finance describes the allocation of financial resources. It also analyzes the pricing of financial instruments, the financial structure of companies, the efficiency and fragility of financial markets, financial crises, and related government policy or regulation.Market failure, Government failure, Information economics, Environmental economics and Agricultural economics Information asymmetries and incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market, legal, and regulatory remedies, as discussed above. Natural monopoly, or the overlapping concepts of "practical" and "technical" monopoly, is an extreme case of failure of competition as a restraint on producers. Extreme economies of scale are one possible cause. Public goods are goods which are undersupplied in a typical market. The defining features are that people can consume public goods without having to pay for them and that more than one person can consume the good at the same time. Externalities occur where there are significant social costs or benefits from production or consumption that are not reflected in market prices. For example, air pollution may generate a negative externality, and education may generate a positive externality (less crime, .Governments often tax and otherwise restrict the sale of goods that have negative externalities and subsidize or otherwise promote the purchase of goods that have positive externalities in an effort to correct the price distortions caused by these externalities. Elementary demand-and-supply theory predicts equilibrium but not the speed of adjustment for changes of equilibrium due to a shift in demand or supply. In many areas, some form of price stickiness is postulated to account for quantities, rather than prices, adjusting in the short run to changes on the demand side or the supply side. This includes standard analysis of the business cycle in macroeconomics. Analysis often revolves Centre for Economic Studies :


Economics is science that seeks to describe the factors which determine the production, distribution and consumption of goods and services. Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies). Other broad distinctions within economics include those between positive economics, describing "what is," and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus") Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance, health care, and government. Economic analyses may also be applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment.



 Education, for example, requires time, effort, and expenses, plus the foregone income and experience, yet these losses can be weighed against future benefits education may bring to the agent or the economy.Firms are visible individual entity where people life as work encompasses. People frequently do not trade directly on markets. Instead, on the supply side, they may work in and produce through firms. The most obvious kinds of firms are corporations, partnerships and trusts. People begin to organize their production in firms when the costs of doing business become lower than doing it on the market. Firms combine labour and capital, and can achieve far greater economies of scale when the average cost per unit declines as more units are produced than individual market trading. Managerial economics applies microeconomic analysis to specific decisions in business firms or other management units. It draws heavily from quantitative methods such as operations research and programming and from statistical methods such as regression analysis in the absence of certainty and perfect knowledge. A unifying theme is the attempt to optimize business decisions, including unit-cost minimization and profit maximization, given the firm's objectives and constraints imposed by technology and maround causes of such price stickiness and their implications for reaching a hypothesized long-run equilibrium. Examples of such price stickiness in particular markets include wage rates in labour markets and posted prices in markets deviating from perfect competition.


Uncertainty and game theory, Information economics, Game theory and financial economics and market failure :

Uncertainty in economics is an unknown prospect of gain or loss, whether quantifiable as risk or not. Without it, household behavior would be unaffected by uncertain employment and income prospects, financial and capital markets would reduce to exchange of a single instrument in each market period, and there would be no communications industry. Given its different forms, there are various ways of representing uncertainty and modeling economic agents' responses to it. Game theory is a branch of applied mathematics that considers strategic interactions between agents, one kind of uncertainty. It provides a mathematical foundation of industrial organization, discussed above, to model different types of firm behavior, for example in an oligopolistic industry (few sellers), but equally applicable to wage negotiations, bargaining, contract design, and any situation where individual agents are few enough to have perceptible effects on each other. As a method heavily used in behavioral economics, it postulates that agents choose strategies to maximize their payoffs, given the strategies of other agents with at least partially conflicting interests. In this, it generalizes maximization approaches developed to analyze market actors such as in the supply and demand model and allows for incomplete information of actors. It has significant applications seemingly outside of economics in such diverse subjects as formulation of nuclear strategies, ethics, political science, and biology. Risk aversion may stimulate activity that in well-functioning markets smooth, out risk and communicates information about risk, as in markets for insurance, commodity futures contracts, and financial instruments. 




Financial economics or simply finance describes the allocation of financial resources. It also analyzes the pricing of financial instruments, the financial structure of companies, the efficiency and fragility of financial markets, financial crises, and related government policy or regulation.Market failure, Government failure, Information economics, Environmental economics and Agricultural economics Information asymmetries and incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market, legal, and regulatory remedies, as discussed above. Natural monopoly, or the overlapping concepts of "practical" and "technical" monopoly, is an extreme case of failure of competition as a restraint on producers. Extreme economies of scale are one possible cause. Public goods are goods which are undersupplied in a typical market. The defining features are that people can consume public goods without having to pay for them and that more than one person can consume the good at the same time. Externalities occur where there are significant social costs or benefits from production or consumption that are not reflected in market prices. For example, air pollution may generate a negative externality, and education may generate a positive externality (less crime, .Governments often tax and otherwise restrict the sale of goods that have negative externalities and subsidize or otherwise promote the purchase of goods that have positive externalities in an effort to correct the price distortions caused by these externalities. Elementary demand-and-supply theory predicts equilibrium but not the speed of adjustment for changes of equilibrium due to a shift in demand or supply. In many areas, some form of price stickiness is postulated to account for quantities, rather than prices, adjusting in the short run to changes on the demand side or the supply side. This includes standard analysis of the business cycle in macroeconomics. Analysis often revolves around causes of such price stickiness and their implications for reaching a hypothesized long-run equilibrium. Examples of such price stickiness in particular markets include wage rates in labour markets and posted prices in markets deviating from perfect competition.

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Trading Economics

Malaysia Government Debt to GDP

Malaysia recorded a government debt equivalent to 53.20 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Malaysia averaged 48.43 percent from 1990 until 2016, reaching an all time high of 80.74 percent in 1990 and a record low of 31.80 percent in 1997. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Malaysia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Philippines Government Debt to GDP

Philippines recorded a government debt equivalent to 42.10 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Philippines averaged 56.78 percent from 1990 until 2016, reaching an all time high of 74.90 percent in 1993 and a record low of 42.10 percent in 2016. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Philippines Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Maldives Government Debt to GDP

Maldives recorded a government debt equivalent to 20.30 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Maldives averaged 36.83 percent from 1990 until 2016, reaching an all time high of 47.35 percent in 1995 and a record low of 20.30 percent in 2016. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Maldives Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Fiji Government Debt to GDP

Fiji recorded a government debt equivalent to 46.30 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Fiji averaged 44.29 percent from 1980 until 2015, reaching an all time high of 56.20 percent in 2010 and a record low of 33.69 percent in 1981. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Fiji Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 19th of February, 2017

Bangladesh Government Debt to GDP

Bangladesh recorded a Government Debt to GDP of 27.20 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Bangladesh averaged 39.45 percent from 1995 until 2016, reaching an all time high of 50 percent in 2002 and a record low of 27.20 percent in 2016. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Bangladesh Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 12th of February, 2017

Bhutan Government Debt to GDP

Bhutan recorded a Government Debt to GDP of 118.60 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Bhutan averaged 73.48 percent from 1996 until 2016, reaching an all time high of 118.60 percent in 2016 and a record low of 36.90 percent in 1998. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Bhutan Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 12th of February, 2017

Comoros Government Debt to GDP

Comoros recorded a Government Debt to GDP of 30.10 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Comoros averaged 58.25 percent from 2003 until 2015, reaching an all time high of 78.10 percent in 2003 and a record low of 28.20 percent in 2014. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Comoros Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 12th of February, 2017

Azerbaijan Government Debt to GDP

Azerbaijan recorded a Government Debt to GDP of 28.30 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Azerbaijan averaged 15.87 percent from 2000 until 2015, reaching an all time high of 28.30 percent in 2015 and a record low of 7.30 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Azerbaijan Government Debt To Gdp - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 12th of February, 2017

Bahrain Government Debt to GDP

Bahrain recorded a Government Debt to GDP of 61.90 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Bahrain averaged 27.40 percent from 1995 until 2015, reaching an all time high of 61.90 percent in 2015 and a record low of 12.60 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Bahrain Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sun 12th of February, 2017

Bulgaria Government Debt to GDP

Bulgaria recorded a Government Debt to GDP of 29.40 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Bulgaria averaged 27.70 percent from 1999 until 2016, reaching an all time high of 77.60 percent in December of 1999 and a record low of 13.20 percent in March of 2010. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides the latest reported value for - Bulgaria Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Fri 10th of February, 2017

Brazil Government Debt to GDP

Brazil recorded a Government Debt to GDP of 69.49 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Brazil averaged 56.99 percent from 2006 until 2016, reaching an all time high of 69.49 percent in 2016 and a record low of 51.27 percent in 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Brazil Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 31st of January, 2017

Libya Government Debt to GDP

Libya recorded a Government Debt to GDP of 15.30 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Libya averaged 11.53 percent from 2003 until 2015, reaching an all time high of 21.20 percent in 2003 and a record low of 6.30 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Libya Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Ivory Coast Government Debt to GDP

Ivory Coast recorded a Government Debt to GDP of 28.20 percent of the country's Gross Domestic Product in 2014. Government Debt to GDP in Ivory Coast averaged 51.55 percent from 2000 until 2014, reaching an all time high of 84.20 percent in 2000 and a record low of 26.20 percent in 2013. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Ivory Coast Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Ethiopia Government Debt to GDP

Ethiopia recorded a Government Debt to GDP of 32.10 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Ethiopia averaged 33.50 percent from 1991 until 2015, reaching an all time high of 41.80 percent in 2001 and a record low of 24.70 percent in 1997. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Ethiopia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

South Korea Government Debt to GDP

South Korea recorded a Government Debt to GDP of 37.90 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in South Korea averaged 21.57 percent from 1990 until 2015, reaching an all time high of 37.90 percent in 2015 and a record low of 8.24 percent in 1996. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - South Korea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Djibouti Government Debt to GDP

Djibouti recorded a Government Debt to GDP of 68 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Djibouti averaged 57.78 percent from 2003 until 2015, reaching an all time high of 68 percent in 2015 and a record low of 46 percent in 2010. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Djibouti Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Nepal Government Debt to GDP

Nepal recorded a Government Debt to GDP of 27.40 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Nepal averaged 46.19 percent from 1999 until 2016, reaching an all time high of 69.50 percent in 2001 and a record low of 25.50 percent in 2015. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Nepal Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Palestine Government Debt to GDP

Palestine recorded a Government Debt to GDP of 20 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Palestine averaged 18.97 percent from 1995 until 2015, reaching an all time high of 26.36 percent in 2007 and a record low of 2.93 percent in 1995. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Palestine Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

India Government Debt to GDP

India recorded a Government Debt to GDP of 69 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in India averaged 73.52 percent from 1991 until 2015, reaching an all time high of 84.20 percent in 2003 and a record low of 66 percent in 1996. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Cambodia Government Debt to GDP

Cambodia recorded a Government Debt to GDP of 32.30 percent of the country's Gross Domestic Product in 2014. Government Debt to GDP in Cambodia averaged 33.85 percent from 1996 until 2014, reaching an all time high of 43.10 percent in 2003 and a record low of 27.76 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Cambodia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Trading Economics

Thailand GDP Annual Growth Rate

Thailand’s GDP expanded 3.0 percent from a year earlier in the December quarter of 2016, compared to a 3.2 percent growth in the third quarter and in line with market expectations. It was the slowest expansion since the fourth quarter 2015. Considering full 2016, the economy advanced 3.2 percent, faster than an upwardly revised 2.9 percent growth in 2015. For 2017, the Thailand's economic planning agency (NESDB) expected Southeast Asia's second-biggest economy to grow between 3.0 to 4.0 percent, the same range as it forecast previously. Exports in the year are projected to rise 2.9 percent, compared to a 2.4 percent increase in an earlier projection. On a quarter-over-quarter seasonally adjusted basis, the economy grew by 0.4 percent in the fourth quarter 2016, the same pace as a downwardly revised figure in the previous three months and missing estimates of a 0.6 percent growth. GDP Annual Growth Rate in Thailand averaged 3.68 percent from 1994 until 2016, reaching an all time high of 15.30 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defence and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Hong Kong GDP Annual Growth Rate

The Hong Kong economy grew 3.1 percent year-on-year in the fourth quarter of 2016, compared to an upwardly revised 2.0 percent expansion in the September quarter. It was the strongest growth since the June quarter 2015, supported by a faster rise in private consumption and exports of goods while government spending and investment expanded further. For full 2016, the economy expanded by 1.9 percent, slower than a 2.4 percent growth in 2015. On a seasonally adjusted quarter-to-quarter comparison, the GDP advanced 1.2 percent, faster than an upwardly revised 0.8 percent growth in the prior quarter. GDP Annual Growth Rate in Hong Kong averaged 5.29 percent from 1974 until 2016, reaching an all time high of 20.70 percent in the fourth quarter of 1976 and a record low of -8.10 percent in the third quarter of 1998. In recent years, Hong Kong has become an international hub for business, trade and finance importers willing to access the Chinese market. As such, the largest sector of the economy is services, which accounts for around 93 percent of GDP. Within services, the most important are wholesale and retail trade (25 percent of GDP); public administration and social services (17 percent); finance and insurance (16 percent); real estate and business services (11 percent); ownership of premises (10 percent) and transportation and postal services (6 percent). Information and communications and food and accommodation account for 8 percent. Construction represents 3.5 percent of GDP and electricity, water and gas supply, waste management and manufacturing 3.4 percent. This page provides - Hong Kong GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

United Kingdom GDP Annual Growth Rate

UK's gross domestic product expanded 2 percent year-on-year in the fourth quarter of 2016, the same as in the previous period and below the preliminary estimate of 2.2 percent. Fixed investment and household consumption were the main drivers of growth while business investment contracted for the fourth straight period. Looking at 2016 as a whole, growth slowed to 1.8 percent from 2.2 percent in 2015 and 3.1 percent in 2014. GDP Annual Growth Rate in the United Kingdom averaged 2.45 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Sat 25th of February, 2017

Germany GDP Annual Growth Rate

Germany's gross domestic product advanced by 1.2 percent year-on-year in the fourth quarter of 2016, compared with a 1.5 percent expansion in the previous period and a 1.6 percent growth previously estimated. Domestic demand contributed positively, as household consumption increased by 1.5 percent (the same as in Q3) and government expenditure was up by 3.2 percent (from 3.7 percent in Q3). Also, gross fixed capital formation in construction grew by 1.3 percent (from 2.1 percent in Q3), in particular in dwellings. Meanwhile, foreign trade had a downward effect on growth as imports increased by 4.5 percent (from 2.4 percent in Q3) while exports rose at a slower 3.3 percent (from 1.3 percent in Q3). For the whole year of 2016, the GDP advanced by 1.9 percent, the highest growth rate in five years, mainly driven by consumption expenditure. GDP Annual Growth Rate in Germany averaged 1.37 percent from 1992 until 2016, reaching an all time high of 6 percent in the first quarter of 2011 and a record low of -7.90 percent in the second quarter of 2009. The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Sat 25th of February, 2017

Belarus GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Belarus contracted 1.90 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 0.65 percent from 2011 until 2016, reaching an all time high of 11.05 percent in the second quarter of 2011 and a record low of -4.40 percent in the fourth quarter of 2015. Belarus has a state controlled economy where inefficient, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. On the production side, services are the biggest sector of the economy and account for 46 percent of total GDP of which trade; repair of motor vehicles and household and personal goods account for 13 percent and transport and communications and real estate activities account for 8 percent each. Industry constitutes 37 percent with manufacturing and construction accounting for 23 percent and 10 percent, respectively. Finally, agriculture adds up to the remaining 7 percent. This page provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Colombia GDP Annual Growth Rate

The Colombian economy advanced 1.6 percent year-on-year in the last quarter of 2016, higher than a 1.2 percent expansion in the previous period and better than market expectations of 1.4 percent growth. Finance, insurance and real estate expanded 5 percent (3.9 percent in Q3) and internal trade grew by 1.6 percent (0.1 percent in Q3). Meantime, output expanded at a slower pace in social services (0.9 percent vs 1.8 percent in Q3), manufacturing (1 percent vs 2 percent in Q3) and construction (3.5 percent vs 5.8 percent in Q3) while recovered in agriculture (2 percent vs -1.7 percent in Q3). In addition, transport and communication fell less (-0.1 percent vs -1.2 percent in Q3) while mining contracted more (-8.2 percent vs -6.1 in Q3). On a quarterly basis, the GDP advanced 1 percent, higher than a 0.3 percent growth in the previous period. Considering full 2016, the Colombian economy grew 2 percent compared to 3.1 percent in 2015. GDP Annual Growth Rate in Colombia averaged 4.11 percent from 2001 until 2016, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of 0.30 percent in the fourth quarter of 2008. The biggest and the fastest growing sector of Colombian economy is services. Financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication account for more than 53 percent of GDP. Manufacturing, mining and quarrying create 20 percent of the wealth. The government fuels 10 percent of the output. Agriculture, hunting, forestry and fishing account for 6.3 percent of GDP, construction for 6 percent and electricity, gas and water distribution for the remaining 4 percent. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Macau GDP Annual Growth Rate

Macau's gross domestic product advanced by 7 percent year-on-year in the fourth quarter of 2016, following an upwardly revised 4.4 percent expansion in the previous period, as total exports of services increased by 8.2 percent (from 2.6 percent in Q3), underpinned by the continued expansion in tourism and gaming services, and imports rose by 1.6 percent (from 6.3 percent). Meanwhile, exports of goods declined further by 21.2 percent (from -15.7 percent in Q3) and imports shrank 8 percent (from -8.7 percent). Domestic demand slipped slightly, due to a contraction in private consumption (-0.5 percent from 0.2 percent in Q3) while government spending showed no growth (from 0.1 percent) and fixed investment rose marginally (0.2 percent from 4 percent in Q3). For the whole year of 2016, the economy of Macau shrank by 2.1 percent year-on-year after a 21.5 percent drop in 2015. GDP Annual Growth Rate in Macau averaged 8.99 percent from 2002 until 2016, reaching an all time high of 54.10 percent in the second quarter of 2004 and a record low of -24.40 percent in the second quarter of 2015. Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Mexico GDP Annual Growth Rate

The Mexican economy advanced 2.4 percent year-on-year in the last quarter of 2016, above 2.2 percent in the first estimate and higher than an upwardly revised 2.1 percent expansion in the previous quarter. Growth was steady for services and accelerated for agriculture while industrial output stalled, compared to a fall initially estimated, final figures showed. GDP Annual Growth Rate in Mexico averaged 2.59 percent from 1994 until 2016, reaching an all time high of 8.50 percent in the second quarter of 1997 and a record low of -8.10 percent in the second quarter of 1995. Mexico is the second largest economy in Latin America. The country has an export-oriented economy: more than 90 percent of trade is under free trade agreements. In recent years, exports of manufactured products have been expanding more than 10 percent per year, mostly due to the increase in car production. Nevertheless, in order to keep the current pace of growth the country needs to reduce its dependence on the United States; increase its tax base and open the state-controlled energy sector. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Peru GDP Annual Growth Rate

Peru's economy advanced 3 percent year-on-year in the last quarter of 2016, easing from a upwardly revised 4.5 percent expansion in third quarter of 2016. It is the lowest growth rate since the fourth quarter of 2014, driven by a slowdown in household expenditure (3.1 percent vs 4.1 percent in Q3); the decline in government spending (-3.1 percent vs 2.3 percent in Q3) and further contraction in gross fixed investment (-6.1 percent vs -4.3 percent in Q3). Exports eased (12.3 percent vs 18.1 percent in Q3) and imports increased at faster 2.3 percent (from 1.8 percent in Q3). Considering full 2016, the Peruvian economy expanded 3.9 percent compared to 2.3 percent in 2015, the highest growth rate in 3 years. GDP Annual Growth Rate in Peru averaged 3.46 percent from 1980 until 2016, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989. Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Thu 23rd of February, 2017

Singapore GDP Annual Growth Rate

The Singaporean economy expanded 2.9 percent year-on-year in the last three months of 2016, higher than 1.2 percent in the previous period and above initial estimates of a 1.8 percent growth. It is the highest expansion since the fourth quarter of 2014, mainly boosted by manufacturing, final figures showed. For the whole of 2016, the economy advanced 2 percent, above 1.9 percent in 2015 and higher than 1.8 percent initially estimated. GDP Annual Growth Rate in Singapore averaged 6.72 percent from 1976 until 2016, reaching an all time high of 19 percent in the second quarter of 2010 and a record low of -8.80 percent in the first quarter of 2009. In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Thu 23rd of February, 2017

Malaysia GDP Annual Growth Rate

Malaysian economy expanded 4.5 percent year-on-year in the fourth quarter of 2016, compared to a 4.3 percent growth in the previous three months and in line with markets expectations. It was the strongest expansion since the December quarter 2015, mainly supported by a rebound in exports and a faster increase in investment while private consumption remained robust. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4 percent, the same as a downwardly revised 1.4 percent growth in the previous period. Considering full 2016, the economy advanced 4.2 percent, compared to a 5.0 percent expansion in 2015. GDP Annual Growth Rate in Malaysia averaged 4.73 percent from 2000 until 2016, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009. Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 22nd of February, 2017

Taiwan GDP Annual Growth Rate

The Taiwanese economy expanded 2.88 percent year-on-year in the December quarter of 2016, higher than a preliminary figure of a 2.58 percent expansion and an upwardly revised 2.12 percent growth in the September quarter, final data showed. It was the strongest expansion since Q1 2015, driven by a faster rise in investment (8.13 percent from 3.11 percent in Q3) and exports (8.02 percent from 3.59 percent) while private consumption eased (1.62 percent from 2.46 percent). On the production side, most sectors grew: manufacturing (6.16 percent), transportation (8.59 percent), wholesale & retail trade (3.36 percent), information and communication (1.94 percent), electricity and gas supply (2.54 percent, and real estate and ownership of dwellings (1.18 percent). In contrast, a decline was seen for construction (-2.03 percent), and mining and quarrying (-11.48 percent). GDP Annual Growth Rate in Taiwan averaged 6.91 percent from 1962 until 2016, reaching an all time high of 17.06 percent in the third quarter of 1978 and a record low of -8.12 percent in the first quarter of 2009. Taiwan’s economy is export oriented. As such, manufacturing is crucial and accounts for around 31 percent of GDP. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Within services, the most important are wholesale and retail trade (17.3 percent of GDP); real estate (8 percent of GDP); and public administration and defence (6.4 percent of GDP). This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 21st of February, 2017

Mongolia GDP Annual Growth Rate

The Mongolian economy advanced 1 percent in 2016, compared to 2.4 percent expansion in the previous year. It was the weakest growth since 2009, as output fell for manufacturing (-1.8 percent compared to 1.3 percent a year ago); construction (-15.9 percent compared to -0.6 percent); wholesales and retail trade (-3.2 percent from -7 percent) and public administration and defence (-1.4 percent from 3 percent) and advanced at a slower pace for mining and quarrying (0.7 percent from 14.1 percent); financial and insurance activities (1.3 percent from 14.6 percent) and agriculture (4.8 percent from 10.7 percent). GDP Annual Growth Rate in Mongolia averaged 5.57 percent from 1991 until 2016, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992. Mongolia's services sector is the largest relative to GDP, accounting for 48 percent. However, industry has been expanding heavily in the past years, contributing the most to economic growth and accounting for 37 percent of total output. Finally, agriculture makes up for 15 percent of total GDP. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 21st of February, 2017

Ukraine GDP Annual Growth Rate

Ukraine's gross domestic product advanced 4.7 percent year-on-year in the fourth quarter of 2016, following a 2 percent gain in the previous period, the preliminary estimate showed. It was the strongest growth rate since the last quarter of 2011 and the fourth straight period of expansion. On a quarterly basis, the GDP rose 1.9 percent after increasing by 0.5 percent in the previous period. GDP Annual Growth Rate in Ukraine averaged 2.54 percent from 2000 until 2016, reaching an all time high of 14.30 percent in the third quarter of 2004 and a record low of -19.60 percent in the first quarter of 2009. On the production side, services are the biggest sector of Ukrainian economy and account for nearly 68 percent of total GDP, of which domestic trade accounts for 14 percent of GDP, accommodation and food service for 13 percent; industry accounts for 22 percent of GDP, of which manufacturing accounts for 11 percent; and agriculture contributes with the remaining 10 percent. This page provides - Ukraine GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Portugal GDP Annual Growth Rate

The Portuguese economy advanced 1.9 percent year-on-year in the last three months of 2016, higher than 1.6 percent in the third quarter and beating market expectations of 1.6 percent. It is the highest growth rate since the last quarter of 2013 as investment recovered and household spending accelerated. On the other hand, imports rose faster than exports, bringing net trade contribution to negative, preliminary estimates showed. GDP Annual Growth Rate in Portugal averaged 1.18 percent from 1996 until 2016, reaching an all time high of 5 percent in the second quarter of 1998 and a record low of -4.50 percent in the fourth quarter of 2012. On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Italy GDP Annual Growth Rate

Italy's gross domestic product expanded 1.1 percent year-on-year in the fourth quarter of 2016, the same pace as in the previous period and above market expectations of a 1 percent growth. Full-year 2016 GDP advanced 0.9 percent, following a 0.7 percent increase the year before and slightly better than the most recent official forecast by the government of a 0.8 percent growth. GDP Annual Growth Rate in Italy averaged 2.45 percent from 1961 until 2016, reaching an all time high of 10.30 percent in the fourth quarter of 1961 and a record low of -7.20 percent in the first quarter of 2009. Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. This page provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Mon 20th of February, 2017

Poland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Poland expanded 2.70 percent year-on-year in the fourth quarter of 2016, following 2.5 percent growth in the previous period and above market expectations of 2.5 percent. GDP Annual Growth Rate in Poland averaged 4.09 percent from 1995 until 2016, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0 percent in the first quarter of 2013. Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (18 percent). Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Netherlands GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Netherlands expanded 2.30 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Netherlands averaged 2.18 percent from 1989 until 2016, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -4.90 percent in the second quarter of 2009. The Netherlands is the sixth-largest economy in the Euro Zone and important transportation hub in Europe. The Dutch economy depends heavily on foreign trade, with exports accounting for 83 percent of GDP and imports for 72 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 45 percent of its total use, followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent). . This page provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Romania GDP Annual Growth Rate

The Romanian GDP expanded 4.7 percent year-on-year in the fourth quarter of 2016, compared to a 4.3 percent growth in the third quarter, preliminary data showed. It was the highest growth since the second quarter. On a quarterly basis, the economy advanced 1.3 percent, compared to a downwardly revised 0.5 percent growth in the September quarter. Considering 2016 full year, the GDP advanced 4.8 percent after expanding by 3.9 percent in 2015. GDP Annual Growth Rate in Romania averaged 2.84 percent from 1996 until 2016, reaching an all time high of 10.70 percent in the second quarter of 2008 and a record low of -8.30 percent in the second quarter of 2009. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (14 percent). Exports of goods and services account for 41 percent of GDP and imports account for 41 percent. This page provides the latest reported value for - Romania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Mon 20th of February, 2017

Slovakia GDP Annual Growth Rate

Slovakia's economy advanced by 3.1 percent year-on-year in the fourth quarter of 2016, following a 3 percent growth in the previous period, in line with market consensus, the preliminary estimate showed. Compared with the third quarter of 2016, the GDP expanded 0.8 percent after growing by 0.7 percent in the previous period. GDP Annual Growth Rate in Slovakia averaged 3.68 percent from 1998 until 2016, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6.10 percent in the second quarter of 2009. In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Trading Economics

Thailand GDP Annual Growth Rate

Thailand’s GDP expanded 3.0 percent from a year earlier in the December quarter of 2016, compared to a 3.2 percent growth in the third quarter and in line with market expectations. It was the slowest expansion since the fourth quarter 2015. Considering full 2016, the economy advanced 3.2 percent, faster than an upwardly revised 2.9 percent growth in 2015. For 2017, the Thailand's economic planning agency (NESDB) expected Southeast Asia's second-biggest economy to grow between 3.0 to 4.0 percent, the same range as it forecast previously. Exports in the year are projected to rise 2.9 percent, compared to a 2.4 percent increase in an earlier projection. On a quarter-over-quarter seasonally adjusted basis, the economy grew by 0.4 percent in the fourth quarter 2016, the same pace as a downwardly revised figure in the previous three months and missing estimates of a 0.6 percent growth. GDP Annual Growth Rate in Thailand averaged 3.68 percent from 1994 until 2016, reaching an all time high of 15.30 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defence and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Hong Kong GDP Annual Growth Rate

The Hong Kong economy grew 3.1 percent year-on-year in the fourth quarter of 2016, compared to an upwardly revised 2.0 percent expansion in the September quarter. It was the strongest growth since the June quarter 2015, supported by a faster rise in private consumption and exports of goods while government spending and investment expanded further. For full 2016, the economy expanded by 1.9 percent, slower than a 2.4 percent growth in 2015. On a seasonally adjusted quarter-to-quarter comparison, the GDP advanced 1.2 percent, faster than an upwardly revised 0.8 percent growth in the prior quarter. GDP Annual Growth Rate in Hong Kong averaged 5.29 percent from 1974 until 2016, reaching an all time high of 20.70 percent in the fourth quarter of 1976 and a record low of -8.10 percent in the third quarter of 1998. In recent years, Hong Kong has become an international hub for business, trade and finance importers willing to access the Chinese market. As such, the largest sector of the economy is services, which accounts for around 93 percent of GDP. Within services, the most important are wholesale and retail trade (25 percent of GDP); public administration and social services (17 percent); finance and insurance (16 percent); real estate and business services (11 percent); ownership of premises (10 percent) and transportation and postal services (6 percent). Information and communications and food and accommodation account for 8 percent. Construction represents 3.5 percent of GDP and electricity, water and gas supply, waste management and manufacturing 3.4 percent. This page provides - Hong Kong GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

United Kingdom GDP Annual Growth Rate

UK's gross domestic product expanded 2 percent year-on-year in the fourth quarter of 2016, the same as in the previous period and below the preliminary estimate of 2.2 percent. Fixed investment and household consumption were the main drivers of growth while business investment contracted for the fourth straight period. Looking at 2016 as a whole, growth slowed to 1.8 percent from 2.2 percent in 2015 and 3.1 percent in 2014. GDP Annual Growth Rate in the United Kingdom averaged 2.45 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Sat 25th of February, 2017

Germany GDP Annual Growth Rate

Germany's gross domestic product advanced by 1.2 percent year-on-year in the fourth quarter of 2016, compared with a 1.5 percent expansion in the previous period and a 1.6 percent growth previously estimated. Domestic demand contributed positively, as household consumption increased by 1.5 percent (the same as in Q3) and government expenditure was up by 3.2 percent (from 3.7 percent in Q3). Also, gross fixed capital formation in construction grew by 1.3 percent (from 2.1 percent in Q3), in particular in dwellings. Meanwhile, foreign trade had a downward effect on growth as imports increased by 4.5 percent (from 2.4 percent in Q3) while exports rose at a slower 3.3 percent (from 1.3 percent in Q3). For the whole year of 2016, the GDP advanced by 1.9 percent, the highest growth rate in five years, mainly driven by consumption expenditure. GDP Annual Growth Rate in Germany averaged 1.37 percent from 1992 until 2016, reaching an all time high of 6 percent in the first quarter of 2011 and a record low of -7.90 percent in the second quarter of 2009. The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Sat 25th of February, 2017

Belarus GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Belarus contracted 1.90 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 0.65 percent from 2011 until 2016, reaching an all time high of 11.05 percent in the second quarter of 2011 and a record low of -4.40 percent in the fourth quarter of 2015. Belarus has a state controlled economy where inefficient, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. On the production side, services are the biggest sector of the economy and account for 46 percent of total GDP of which trade; repair of motor vehicles and household and personal goods account for 13 percent and transport and communications and real estate activities account for 8 percent each. Industry constitutes 37 percent with manufacturing and construction accounting for 23 percent and 10 percent, respectively. Finally, agriculture adds up to the remaining 7 percent. This page provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Colombia GDP Annual Growth Rate

The Colombian economy advanced 1.6 percent year-on-year in the last quarter of 2016, higher than a 1.2 percent expansion in the previous period and better than market expectations of 1.4 percent growth. Finance, insurance and real estate expanded 5 percent (3.9 percent in Q3) and internal trade grew by 1.6 percent (0.1 percent in Q3). Meantime, output expanded at a slower pace in social services (0.9 percent vs 1.8 percent in Q3), manufacturing (1 percent vs 2 percent in Q3) and construction (3.5 percent vs 5.8 percent in Q3) while recovered in agriculture (2 percent vs -1.7 percent in Q3). In addition, transport and communication fell less (-0.1 percent vs -1.2 percent in Q3) while mining contracted more (-8.2 percent vs -6.1 in Q3). On a quarterly basis, the GDP advanced 1 percent, higher than a 0.3 percent growth in the previous period. Considering full 2016, the Colombian economy grew 2 percent compared to 3.1 percent in 2015. GDP Annual Growth Rate in Colombia averaged 4.11 percent from 2001 until 2016, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of 0.30 percent in the fourth quarter of 2008. The biggest and the fastest growing sector of Colombian economy is services. Financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication account for more than 53 percent of GDP. Manufacturing, mining and quarrying create 20 percent of the wealth. The government fuels 10 percent of the output. Agriculture, hunting, forestry and fishing account for 6.3 percent of GDP, construction for 6 percent and electricity, gas and water distribution for the remaining 4 percent. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Macau GDP Annual Growth Rate

Macau's gross domestic product advanced by 7 percent year-on-year in the fourth quarter of 2016, following an upwardly revised 4.4 percent expansion in the previous period, as total exports of services increased by 8.2 percent (from 2.6 percent in Q3), underpinned by the continued expansion in tourism and gaming services, and imports rose by 1.6 percent (from 6.3 percent). Meanwhile, exports of goods declined further by 21.2 percent (from -15.7 percent in Q3) and imports shrank 8 percent (from -8.7 percent). Domestic demand slipped slightly, due to a contraction in private consumption (-0.5 percent from 0.2 percent in Q3) while government spending showed no growth (from 0.1 percent) and fixed investment rose marginally (0.2 percent from 4 percent in Q3). For the whole year of 2016, the economy of Macau shrank by 2.1 percent year-on-year after a 21.5 percent drop in 2015. GDP Annual Growth Rate in Macau averaged 8.99 percent from 2002 until 2016, reaching an all time high of 54.10 percent in the second quarter of 2004 and a record low of -24.40 percent in the second quarter of 2015. Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Mexico GDP Annual Growth Rate

The Mexican economy advanced 2.4 percent year-on-year in the last quarter of 2016, above 2.2 percent in the first estimate and higher than an upwardly revised 2.1 percent expansion in the previous quarter. Growth was steady for services and accelerated for agriculture while industrial output stalled, compared to a fall initially estimated, final figures showed. GDP Annual Growth Rate in Mexico averaged 2.59 percent from 1994 until 2016, reaching an all time high of 8.50 percent in the second quarter of 1997 and a record low of -8.10 percent in the second quarter of 1995. Mexico is the second largest economy in Latin America. The country has an export-oriented economy: more than 90 percent of trade is under free trade agreements. In recent years, exports of manufactured products have been expanding more than 10 percent per year, mostly due to the increase in car production. Nevertheless, in order to keep the current pace of growth the country needs to reduce its dependence on the United States; increase its tax base and open the state-controlled energy sector. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Sat 25th of February, 2017

Peru GDP Annual Growth Rate

Peru's economy advanced 3 percent year-on-year in the last quarter of 2016, easing from a upwardly revised 4.5 percent expansion in third quarter of 2016. It is the lowest growth rate since the fourth quarter of 2014, driven by a slowdown in household expenditure (3.1 percent vs 4.1 percent in Q3); the decline in government spending (-3.1 percent vs 2.3 percent in Q3) and further contraction in gross fixed investment (-6.1 percent vs -4.3 percent in Q3). Exports eased (12.3 percent vs 18.1 percent in Q3) and imports increased at faster 2.3 percent (from 1.8 percent in Q3). Considering full 2016, the Peruvian economy expanded 3.9 percent compared to 2.3 percent in 2015, the highest growth rate in 3 years. GDP Annual Growth Rate in Peru averaged 3.46 percent from 1980 until 2016, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989. Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Thu 23rd of February, 2017

Singapore GDP Annual Growth Rate

The Singaporean economy expanded 2.9 percent year-on-year in the last three months of 2016, higher than 1.2 percent in the previous period and above initial estimates of a 1.8 percent growth. It is the highest expansion since the fourth quarter of 2014, mainly boosted by manufacturing, final figures showed. For the whole of 2016, the economy advanced 2 percent, above 1.9 percent in 2015 and higher than 1.8 percent initially estimated. GDP Annual Growth Rate in Singapore averaged 6.72 percent from 1976 until 2016, reaching an all time high of 19 percent in the second quarter of 2010 and a record low of -8.80 percent in the first quarter of 2009. In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments. This page provides - Singapore GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Thu 23rd of February, 2017

Malaysia GDP Annual Growth Rate

Malaysian economy expanded 4.5 percent year-on-year in the fourth quarter of 2016, compared to a 4.3 percent growth in the previous three months and in line with markets expectations. It was the strongest expansion since the December quarter 2015, mainly supported by a rebound in exports and a faster increase in investment while private consumption remained robust. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4 percent, the same as a downwardly revised 1.4 percent growth in the previous period. Considering full 2016, the economy advanced 4.2 percent, compared to a 5.0 percent expansion in 2015. GDP Annual Growth Rate in Malaysia averaged 4.73 percent from 2000 until 2016, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009. Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 22nd of February, 2017

Taiwan GDP Annual Growth Rate

The Taiwanese economy expanded 2.88 percent year-on-year in the December quarter of 2016, higher than a preliminary figure of a 2.58 percent expansion and an upwardly revised 2.12 percent growth in the September quarter, final data showed. It was the strongest expansion since Q1 2015, driven by a faster rise in investment (8.13 percent from 3.11 percent in Q3) and exports (8.02 percent from 3.59 percent) while private consumption eased (1.62 percent from 2.46 percent). On the production side, most sectors grew: manufacturing (6.16 percent), transportation (8.59 percent), wholesale & retail trade (3.36 percent), information and communication (1.94 percent), electricity and gas supply (2.54 percent, and real estate and ownership of dwellings (1.18 percent). In contrast, a decline was seen for construction (-2.03 percent), and mining and quarrying (-11.48 percent). GDP Annual Growth Rate in Taiwan averaged 6.91 percent from 1962 until 2016, reaching an all time high of 17.06 percent in the third quarter of 1978 and a record low of -8.12 percent in the first quarter of 2009. Taiwan’s economy is export oriented. As such, manufacturing is crucial and accounts for around 31 percent of GDP. Like in most advanced economies, the services sector is the biggest and constitutes nearly 65 percent of GDP. Within services, the most important are wholesale and retail trade (17.3 percent of GDP); real estate (8 percent of GDP); and public administration and defence (6.4 percent of GDP). This page provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 21st of February, 2017

Mongolia GDP Annual Growth Rate

The Mongolian economy advanced 1 percent in 2016, compared to 2.4 percent expansion in the previous year. It was the weakest growth since 2009, as output fell for manufacturing (-1.8 percent compared to 1.3 percent a year ago); construction (-15.9 percent compared to -0.6 percent); wholesales and retail trade (-3.2 percent from -7 percent) and public administration and defence (-1.4 percent from 3 percent) and advanced at a slower pace for mining and quarrying (0.7 percent from 14.1 percent); financial and insurance activities (1.3 percent from 14.6 percent) and agriculture (4.8 percent from 10.7 percent). GDP Annual Growth Rate in Mongolia averaged 5.57 percent from 1991 until 2016, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992. Mongolia's services sector is the largest relative to GDP, accounting for 48 percent. However, industry has been expanding heavily in the past years, contributing the most to economic growth and accounting for 37 percent of total output. Finally, agriculture makes up for 15 percent of total GDP. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 21st of February, 2017

Ukraine GDP Annual Growth Rate

Ukraine's gross domestic product advanced 4.7 percent year-on-year in the fourth quarter of 2016, following a 2 percent gain in the previous period, the preliminary estimate showed. It was the strongest growth rate since the last quarter of 2011 and the fourth straight period of expansion. On a quarterly basis, the GDP rose 1.9 percent after increasing by 0.5 percent in the previous period. GDP Annual Growth Rate in Ukraine averaged 2.54 percent from 2000 until 2016, reaching an all time high of 14.30 percent in the third quarter of 2004 and a record low of -19.60 percent in the first quarter of 2009. On the production side, services are the biggest sector of Ukrainian economy and account for nearly 68 percent of total GDP, of which domestic trade accounts for 14 percent of GDP, accommodation and food service for 13 percent; industry accounts for 22 percent of GDP, of which manufacturing accounts for 11 percent; and agriculture contributes with the remaining 10 percent. This page provides - Ukraine GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Portugal GDP Annual Growth Rate

The Portuguese economy advanced 1.9 percent year-on-year in the last three months of 2016, higher than 1.6 percent in the third quarter and beating market expectations of 1.6 percent. It is the highest growth rate since the last quarter of 2013 as investment recovered and household spending accelerated. On the other hand, imports rose faster than exports, bringing net trade contribution to negative, preliminary estimates showed. GDP Annual Growth Rate in Portugal averaged 1.18 percent from 1996 until 2016, reaching an all time high of 5 percent in the second quarter of 1998 and a record low of -4.50 percent in the fourth quarter of 2012. On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Italy GDP Annual Growth Rate

Italy's gross domestic product expanded 1.1 percent year-on-year in the fourth quarter of 2016, the same pace as in the previous period and above market expectations of a 1 percent growth. Full-year 2016 GDP advanced 0.9 percent, following a 0.7 percent increase the year before and slightly better than the most recent official forecast by the government of a 0.8 percent growth. GDP Annual Growth Rate in Italy averaged 2.45 percent from 1961 until 2016, reaching an all time high of 10.30 percent in the fourth quarter of 1961 and a record low of -7.20 percent in the first quarter of 2009. Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. This page provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Mon 20th of February, 2017

Poland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Poland expanded 2.70 percent year-on-year in the fourth quarter of 2016, following 2.5 percent growth in the previous period and above market expectations of 2.5 percent. GDP Annual Growth Rate in Poland averaged 4.09 percent from 1995 until 2016, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0 percent in the first quarter of 2013. Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (18 percent). Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Netherlands GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Netherlands expanded 2.30 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Netherlands averaged 2.18 percent from 1989 until 2016, reaching an all time high of 6.10 percent in the fourth quarter of 1999 and a record low of -4.90 percent in the second quarter of 2009. The Netherlands is the sixth-largest economy in the Euro Zone and important transportation hub in Europe. The Dutch economy depends heavily on foreign trade, with exports accounting for 83 percent of GDP and imports for 72 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 45 percent of its total use, followed by government expenditure (26 percent), gross fixed capital formation (18 percent) and net trade (11 percent). . This page provides - Netherlands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017

Romania GDP Annual Growth Rate

The Romanian GDP expanded 4.7 percent year-on-year in the fourth quarter of 2016, compared to a 4.3 percent growth in the third quarter, preliminary data showed. It was the highest growth since the second quarter. On a quarterly basis, the economy advanced 1.3 percent, compared to a downwardly revised 0.5 percent growth in the September quarter. Considering 2016 full year, the GDP advanced 4.8 percent after expanding by 3.9 percent in 2015. GDP Annual Growth Rate in Romania averaged 2.84 percent from 1996 until 2016, reaching an all time high of 10.70 percent in the second quarter of 2008 and a record low of -8.30 percent in the second quarter of 2009. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (14 percent). Exports of goods and services account for 41 percent of GDP and imports account for 41 percent. This page provides the latest reported value for - Romania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Posted: Mon 20th of February, 2017

Slovakia GDP Annual Growth Rate

Slovakia's economy advanced by 3.1 percent year-on-year in the fourth quarter of 2016, following a 3 percent growth in the previous period, in line with market consensus, the preliminary estimate showed. Compared with the third quarter of 2016, the GDP expanded 0.8 percent after growing by 0.7 percent in the previous period. GDP Annual Growth Rate in Slovakia averaged 3.68 percent from 1998 until 2016, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6.10 percent in the second quarter of 2009. In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 20th of February, 2017