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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

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

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

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

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

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

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

Bulgaria Government Debt to GDP

Bulgaria recorded a Government Debt to GDP of 29.10 percent of the country's Gross Domestic Product in November 2016. Government Debt to GDP in Bulgaria averaged 27.69 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 6th of January, 2017

Belarus Government External Debt to GDP

Belarus recorded a Government Debt to GDP of 29 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Belarus averaged 10.65 percent from 2000 until 2016, reaching an all time high of 29 percent in the third quarter of 2016 and a record low of 1.30 percent in the third quarter of 2007. 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 - Belarus Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Brunei Government Debt to GDP

Brunei recorded a Government Debt to GDP of 2.80 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Brunei averaged 0.52 percent from 1985 until 2015, reaching an all time high of 2.80 percent in 2015 and a record low of 0 percent in 1986. 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 - Brunei Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Kuwait Government Debt to GDP

Kuwait recorded a Government Debt to GDP of 11.20 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Kuwait averaged 43.46 percent from 1990 until 2015, reaching an all time high of 203.36 percent in 1991 and a record low of 1.09 percent in 1990. 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 - Kuwait Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Zambia Government Debt to GDP

Zambia recorded a Government Debt to GDP of 31 percent of the country's Gross Domestic Product in 2014. Government Debt to GDP in Zambia averaged 120.63 percent from 1990 until 2014, reaching an all time high of 277.53 percent in 1991 and a record low of 28.80 percent in 2013. Government Debt to GDP in Zambia is reported by the Bank of Zambia. 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 - Zambia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Zimbabwe Government Debt to GDP

Zimbabwe recorded a Government Debt to GDP of 77 percent of the country's Gross Domestic Product in 2014. Government Debt to GDP in Zimbabwe averaged 71.97 percent from 1990 until 2014, reaching an all time high of 147.70 percent in 2008 and a record low of 31.40 percent in 2001. Government Debt to GDP in Zimbabwe is reported by the Reserve Bank of Zimbabwe. 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 - Zimbabwe Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Yemen Government Debt to GDP

Yemen recorded a Government Debt to GDP of 49.95 percent of the country's Gross Domestic Product in 2013. Government Debt to GDP in Yemen averaged 40.17 percent from 2003 until 2013, reaching an all time high of 51.80 percent in 2003 and a record low of 27.20 percent in 2008. Government Debt to GDP in Yemen is reported by the Central Bank of Yemen. 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 - Yemen Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Vietnam Government Debt to GDP

Vietnam recorded a Government Debt to GDP of 50.50 percent of the country's Gross Domestic Product in 2014. Government Debt to GDP in Vietnam averaged 39.28 percent from 2001 until 2014, reaching an all time high of 54.98 percent in 2013 and a record low of 31.90 percent in 2008. Government Debt to GDP in Vietnam is reported by the The State Bank of Vietnam. 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 - Vietnam Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Venezuela Government Debt to GDP

Venezuela recorded a Government Debt to GDP of 49.80 percent of the country's Gross Domestic Product in 2013. Government Debt to GDP in Venezuela averaged 42.33 percent from 1994 until 2013, reaching an all time high of 71.90 percent in 1994 and a record low of 26.30 percent in 2008. Government Debt to GDP in Venezuela is reported by the Ministry of Planning and Finance, Government of Venezuela. 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 - Venezuela Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Uzbekistan Government Debt to GDP

Uzbekistan recorded a Government Debt to GDP of 11 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Uzbekistan averaged 24.26 percent from 1998 until 2015, reaching an all time high of 59.38 percent in 2001 and a record low of 8.58 percent in 2013. Government Debt to GDP in Uzbekistan is reported by the The State Committee of the Republic of Uzbekistan on Statistics. 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 - Uzbekistan Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Uruguay Government Debt to GDP

Uruguay recorded a Government Debt to GDP of 47.80 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Uruguay averaged 56.18 percent from 2000 until 2015, reaching an all time high of 96.10 percent in 2003 and a record low of 30.60 percent in 2000. Government Debt to GDP in Uruguay is reported by the Ministerio de Economía y Finanzas, Uruguay. 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 - Uruguay Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Wed 4th of January, 2017

Trading Economics

Dominican Republic GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Dominican Republic expanded 5.80 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican Republic averaged 5.52 percent from 1992 until 2016, reaching an all time high of 14 percent in the second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003. The Dominican Republic is one of the fastest growing economies in the Caribbean. The most important sector of the economy is services, specifically tourism, finance and telecommunications. Mining has also been growing in importance, and ferronickel and gold production is expected to continue increasing. The Dominican Republic is also dependent on remittances and on revenues from the free-trade zones. Yet, serious reforms are required in order to keep the current pace of growth. Taxes account for only 13 percent of GDP, education is underfunded and electricity consumption is heavily subsidized. Corruption and inefficient public spending are also a significant drain on public resources. In addition, a third of the population still lives in poverty and drug related crime has increased in recent years. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Nicaragua GDP Annual Growth Rate

The GDP of Nicaragua advanced 4.3 percent year-on-year in the third quarter of 2016 following a downwardly revised 5.2 percent growth in the previous period. Most sectors expanded at a slower pace: agriculture (+4.5 percent from +9.4 percent in Q2); transport and communication (+4.4 percent from +5.8 percent); trade (+4.3 percent from +6.9 percent); mining and quarrying (2.2 percent from +3.9 percent); construction (+1.3 percent from +2.6 percent) and manufacturing (+0.7 percent from +5.2 percent). In the first nine months of the year, the economy expanded 4.3 percent. GDP Annual Growth Rate in Nicaragua averaged 4.11 percent from 1995 until 2016, reaching an all time high of 10.90 percent in the fourth quarter of 1999 and a record low of -5.10 percent in the second quarter of 2009. Nicaragua has the lowest GDP per capita in Central America. Nicaragua is an agricultural economy with 50 percent of population living under poverty line. The textile and apparel industry is responsible for most of the recent investment in the country. Tourism accounting already for 17 percent of GDP has been steadily growing in recent years. This page provides - Nicaragua GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Kyrgyzstan GDP Annual Growth Rate

Kyrgyzstan's economy advanced 3.8 percent year-on-year in 2016, compared to 3.5 percent growth a year earlier. Industrial output increased 4.9 percent (-4.2 percent in 2015), driven by metal ores, manufacture of refined petroleum products, food products and production of precious metals. Also, the growth was observed in wholesales and retail trade (+7.2 percent vs +6.6 percent in 2015) and agriculture (+3 percent vs +6.2 percent). GDP Annual Growth Rate in Kyrgyzstan averaged 3.58 percent from 1994 until 2016, reaching an all time high of 10.50 percent in the fourth quarter of 2013 and a record low of -20.08 percent in the fourth quarter of 1994. The biggest sector of Kyrgyzstan´s economy is services. Trade and repairs of motor vehicles; transport and communications; hotels and restaurants; financing and real estate; health care and education and government services account for 56 percent of the GDP. Agriculture contributes 18 percent of the wealth and manufacturing and mining 18 percent. Construction and generation and distribution of electricity, gas and water account for the remaining 8 percent of the output. This page provides - Kyrgyzstan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Romania GDP Annual Growth Rate

The Romanian GDP expanded 4.3 percent year-on-year in the third quarter of 2016, lower than a preliminary figure of a 4.4 percent expansion and a 6 percent growth in the June quarter. Gross fixed capital formation slowed sharply (0.5 percent from 2.8 percent in the preliminary estimate) and imports rose more than anticipated (7.7 percent from 6.7 percent) and faster than exports (6.9 percent from 6.3 percent), thus increasing the drag from net trade. In contrast, household consumption increased at a faster 7 percent (6.7 percent in the preliminary reading) and public spending also rose more than expected (5.9 percent compared to 0.3 percent). On a quarterly basis, the economy advanced 0.6 percent, slowing from a 1.5 percent growth in the June quarter and matching preliminary estimates. GDP Annual Growth Rate in Romania averaged 2.80 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: Fri 13th of January, 2017

Albania GDP Annual Growth Rate

The economy of Albania advanced 3.1 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.4 percent expansion in the previous period. Main contributors to the growth were trade, accommodation and transportation (+6.7 percent vs +4.7 percent in Q2); construction (+8.3 percent vs +1.8 percent); financial activities and insurance (+15.4 percent vs +4.2 percent); arts, entertainment and recreation (+13.4 percent vs +9.8 percent) and agriculture (+1.6 percent vs -1.1 percent). In contrast, output shrank for industry, electricity and water (-2.4 percent vs +3.3 percent); information and communication (-1.2 percent vs +10.8 percent) and professional services and administrative services (-1.4 percent vs +10.8 percent). On a quarterly basis, the GDP expanded 0.9 percent. GDP Annual Growth Rate in Albania averaged 4.21 percent from 1996 until 2016, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997. Composition of the GDP on the expenditure side: household consumption (78 percent), gross fixed capital formation (26 percent), government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for -53 percent. This page provides the latest reported value for - Albania 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: Thu 12th of January, 2017

Germany GDP Annual Growth Rate

The German economy advanced by 1.9 percent in 2016 after growing by 1.7 percent in 2015, beating market expectations of a 1.8 percent expansion, according to a preliminary estimate from the Federal Statistics Office. It was the strongest growth rate since 2011, as private consumption advanced 2 percent (+2 percent in 2015); government spending increased by 4.2 percent (+2.7 percent); and fixed investment grew by 2.5 percent (+1.7 percent), mainly boosted by a 3.1 percent rise in construction spending (+0.3 percent in 2015). Meanwhile, exports expanded by 2.5 percent (+5.2 percent in 2015) while imports rose at a faster 3.4 percent (+5.5 percent in 2015). 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: Thu 12th of January, 2017

Haiti GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Haiti expanded 1.40 percent in 2016 from the previous year. GDP Annual Growth Rate in Haiti averaged 1.40 percent from 1997 until 2016, reaching an all time high of 5.50 percent in 2011 and a record low of -5.50 percent in 2010. Haiti is one of the poorest and most politically unstable countries in the Caribbean. The devastating earthquake in 2010 caused damages in excess of 150 percent of GDP and destroyed most of the infrastructure. More than 80 percent of the population lives in poverty and the country relies heavily on remittances and foreign aid. The most important sector of the economy is substance agriculture which employs over 40 percent of the labour force. Despite having one the lowest trade tariffs in the Caribbean and a preferential trade agreement with the United States, Haiti failed to boost its trade due to lack of infrastructure and bureaucracy. Furthermore, the lack of a functioning legal system and endemic corruption make foreign investors reluctant to set up companies. This page provides - Haiti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 10th of January, 2017

Bahrain GDP Annual Growth Rate

The Gross Domestic Product in Bahrain expanded 3.9 percent year-on-year in the September quarter of 2016, following a 2.5 percent growth in the previous quarter, driven by a faster increase in financial services (+7.8 percent from +4.0 percent in Q2) and government services (+3.5 percent from +2.3 percent) while non-oil sector moderated (+3.2 percent from +3.6 percent, driven by a slowdown in mining and quarrying (+1.4 percent from +1.6 percent) and manufacturing (+0.85 percent from +3.3 percent). On a quarterly basis, the economy advanced 1.7 percent, compared to a 1.2 percent expansion in the June quarter. GDP Annual Growth Rate in Bahrain averaged 4.35 percent from 2000 until 2016, reaching an all time high of 8.40 percent in the fourth quarter of 2007 and a record low of -2.90 percent in the fourth quarter of 2011. In Bahrain, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Bahrain 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: Tue 10th of January, 2017

Serbia GDP Annual Growth Rate

Serbia's economy advanced 2.6 percent year-on-year in the third quarter of 2016, above preliminary estimates of 2.5 percent and following a downwardly revised 1.9 expansion in the previous period. The growth was mainly driven by investments (+6.2 percent vs +4.4 percent in Q2) and net trade contributed positively, as exports surged 10.5 percent (+11 percent in Q2) and imports went up 5.9 percent (+11.3 percent in Q2). Meanwhile, consumer spending rose at slower 0.5 percent (+1 percent in Q2) and government expenditure advanced only 1.2 percent (+4 percent in Q2). On a quarterly seasonally adjusted basis, the GDP expanded 0.3 percent. GDP Annual Growth Rate in Serbia averaged 2.81 percent from 1997 until 2016, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999. Factors favorable to Serbia's economic growth include its relatively inexpensive and skilled labor force and free trade agreements with the EU, Russia, Turkey, and countries that are members of the CEFTA. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (17 percent) and government expenditure (18 percent). Exports of goods and services account for 44 percent of GDP while imports account for 54 percent, subtracting 10 percent of total GDP. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Lithuania GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Lithuania expanded 1.70 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Lithuania averaged 4.23 percent from 2001 until 2016, reaching an all time high of 11.60 percent in the fourth quarter of 2003 and a record low of -15.80 percent in the second quarter of 2009. Lithuania joined the Euro Area in January 2015. The country was among the hardest hit by the global financial crisis in 2008, the GDP contracted by 14.8 percent in 2009. Since 2010, however, Lithuania has been ranked among the fastest growing economies in the European Union. 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 (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent). This page provides - Lithuania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Ecuador GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ecuador contracted 1.60 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Ecuador averaged 4 percent from 2000 until 2016, reaching an all time high of 10.20 percent in the second quarter of 2004 and a record low of -3 percent in the first quarter of 2016. The biggest sector of Ecuador´s economy is services. Retail and wholesale trade, hotels and restaurants, transport, communication and warehousing, financial intermediation, professional, technical, administrative and household services, education and health and government services and goods account for 57 percent of the GDP. Manufacturing, mining and quarrying create 23 percent of the wealth and construction and water and electricity distribution 11 percent. Agriculture, forestry and fishing account for the remaining 9 percent of GDP. This page provides the latest reported value for - Ecuador 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: Fri 6th of January, 2017

Zambia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Zambia expanded 3.60 percent in 2015 from the previous year. GDP Annual Growth Rate in Zambia averaged 2.94 percent from 1961 until 2015, reaching an all time high of 16.65 percent in 1965 and a record low of -8.63 percent in 1994. Zambia is one of the poorest countries in the world with 60 percent of population living below poverty line. In recent years, Zambia’s economy has been growing rapidly due to expansion of copper mining industry and agriculture diversification. However, widespread poverty, mainly caused by fast population growth and systemic youth unemployment, remains Zambia’s main economic challenge. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Tanzania GDP Annual Growth Rate

The GDP in Tanzania advanced 6.2 percent year-on-year in the third quarter of 2016, compared to a 7.9 percent expansion in the three months to June of 2016. Growth was mainly led by transport, mining, communications and finance sectors. In the third quarter of 2015, the GDP grew 6.3 percent. GDP Annual Growth Rate in Tanzania averaged 6.69 percent from 2002 until 2016, reaching an all time high of 11.90 percent in the first quarter of 2007 and a record low of 2.60 percent in the third quarter of 2009. In Tanzania, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Saudi Arabia GDP Annual Growth Rate

The economy of Saudi Arabia expanded 0.9 percent year-on-year in the third quarter of 2016 compared to a 1.4 percent growth in the previous period. It was the weakest growth since the first quarter of 2013, as non-oil sector fell into contraction territory (-0.7 percent from +0.4 percent in Q2). In contrast, oil sector advanced at a faster pace (+3.6 percent from +1.6 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.80 percent from 1969 until 2016, reaching an all time high of 27.49 percent in the fourth quarter of 1974 and a record low of -11.10 percent in the fourth quarter of 1982. Saudi Arabia is the world´s biggest producer of oil and oil extraction accounts for 46 percent of GDP. The services sector represents 36 percent of the wealth. Within services the largest segments are: government services (13 percent of GDP), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Manufacturing constitutes 10 percent of GDP, construction and electricity, gas and water distribution - 6 percent and agriculture, forestry and fishing - 2 percent. This page provides the latest reported value for - Saudi Arabia 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: Fri 6th of January, 2017

Qatar GDP Annual Growth Rate

Qatar's economy expanded 3.7 percent year-on-year in the third quarter of 2016, compared to a downwardly revised 1.8 percent rise in the previous period. The growth was mainly led by mining and quarrying (+2.7 percent vs -1.2 percent in Q2); transportation (+7.9 percent vs +9.9 percent); construction (+12.4 percent vs +14.7 percent); financial and insurance activities (+6.9 percent vs +8.6 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (+2.6 percent vs +3.6 percent); public administration; compulsory social security (+6.2 percent vs +7.8 percent); real estate activities (+6.1 percent vs +6.7 percent) and professional, scientific and technical activities (+5.2 percent vs +7.2 percent). Also, manufacturing declined at a slower 1.3 percent (-4.4 percent in Q2). On a quarterly basis, the GDP advanced 3.6 percent. GDP Annual Growth Rate in Qatar averaged 7.85 percent from 2009 until 2016, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -15.30 percent in the second quarter of 2009. As Qatar has vast oil and natural gas reserves, mining is the main driver of the economy, contributing 58 percent of GDP. The second biggest sector is Services which accounts for 28 percent of total output. Within services the most important segments are: finance, insurance, real estate and business services (12 percent); government services (7 percent) and trade, restaurants and hotels (6 percent). The remaining 14 percent is contributed by manufacturing and construction. This page provides the latest reported value for - Qatar 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: Fri 6th of January, 2017

Rwanda GDP Annual Growth Rate

Rwanda's economy expanded 5.2 percent year-on-year in the third quarter of 2016, slowing from a 5.4 percent growth in the previous period and a 5.9 percent rise a year earlier. It was the lowest growth since December quarter of 2013. GDP Annual Growth Rate in Rwanda averaged 7.62 percent from 2000 until 2016, reaching an all time high of 13.40 percent in the first quarter of 2007 and a record low of 2.20 percent in the fourth quarter of 2003. In Rwanda, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Rwanda 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: Fri 6th of January, 2017

Singapore GDP Annual Growth Rate

The Singaporean economy advanced 1.8 percent year-on-year in the fourth quarter of 2016 after growing by an upwardly revised 1.2 percent in the previous period and above market consensus of a 0.6 percent expansion, the advance estimate showed. Considering the full year, the economy advanced 1.8 percent, exceeding the government's previous forecast of 1.0-1.5 percent expansion, but still the lowest growth since 2009. GDP Annual Growth Rate in Singapore averaged 6.70 percent from 1976 until 2016, reaching an all time high of 18.90 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: Fri 6th of January, 2017

Morocco GDP Annual Growth Rate

The Moroccan economy advanced 1.2 percent year-on-year in the third quarter of 2016, compared to a 0.8 percent growth in the previous period. The non-agriculture sector (+2.5 percent from +1.9 in Q3) drove the expansion while the agriculture sector declined more (-12.3 percent from -11.7 percent), hurt by the drought. The GDP is expected to grow 3.9 percent in the first quarter of 2017, mainly boosted by an increase in agriculture production. GDP Annual Growth Rate in Morocco averaged 4.13 percent from 1999 until 2016, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of 0.50 percent in the fourth quarter of 1999. In Morocco, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Morocco 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: Fri 6th of January, 2017

Jordan GDP Annual Growth Rate

The Jordanian economy advanced 1.8 percent year-on-year in the third quarter of 2016, following 1.9 percent expansion in the previous period. It was the weakest growth since the second quarter of 2010. as mining and quarrying and construction sectors contracted. The growth also slowed for trade, restaurants and hotels; manufacturing; transport; and electricity and water. Meanwhile, finance, insurance, and business services advanced at a faster pace. GDP Annual Growth Rate in Jordan averaged 4.68 percent from 1993 until 2016, reaching an all time high of 10.58 percent in the first quarter of 2007 and a record low of -1.11 percent in the first quarter of 1996. The Jordanian economy is dominated by tourism, financial services, transportation, manufacturing and remittances from Jordanians working abroad. Jordan's lack of arable land and insufficient supplies of water means that agriculture is mostly a non-relevant sector and that the country invests heavily in water recycling. Jordan’s economy is highly influenced by the state, however, recently, the efforts have been undertaken to reduce barriers to do business. This page provides - Jordan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Luxembourg GDP Annual Growth Rate

The Luxembourg economy grew by 4.8 percent year-on-year in the third quarter of 2016, following an upwardly revised 5.1 percent expansion in the previous period, preliminary estimates showed. Consumption rose at a slower pace for households (+0.5 percent from +2.5 percent in Q2) and the public sector (+3.3 percent from +5 percent), while fixed investment contracted (-2 percent from +5.6 percent). Meanwhile, exports expanded 4.5 percent (from +4.9 percent in Q2) and imports rose at a slower 2.9 percent (from +5.3 percent). On a quarterly basis, the economy shrank 0.1 percent. GDP Annual Growth Rate in Luxembourg averaged 3.70 percent from 1996 until 2016, reaching an all time high of 11.80 percent in the first quarter of 2000 and a record low of -9 percent in the second quarter of 2009. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Trading Economics

Dominican Republic GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Dominican Republic expanded 5.80 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican Republic averaged 5.52 percent from 1992 until 2016, reaching an all time high of 14 percent in the second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003. The Dominican Republic is one of the fastest growing economies in the Caribbean. The most important sector of the economy is services, specifically tourism, finance and telecommunications. Mining has also been growing in importance, and ferronickel and gold production is expected to continue increasing. The Dominican Republic is also dependent on remittances and on revenues from the free-trade zones. Yet, serious reforms are required in order to keep the current pace of growth. Taxes account for only 13 percent of GDP, education is underfunded and electricity consumption is heavily subsidized. Corruption and inefficient public spending are also a significant drain on public resources. In addition, a third of the population still lives in poverty and drug related crime has increased in recent years. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Nicaragua GDP Annual Growth Rate

The GDP of Nicaragua advanced 4.3 percent year-on-year in the third quarter of 2016 following a downwardly revised 5.2 percent growth in the previous period. Most sectors expanded at a slower pace: agriculture (+4.5 percent from +9.4 percent in Q2); transport and communication (+4.4 percent from +5.8 percent); trade (+4.3 percent from +6.9 percent); mining and quarrying (2.2 percent from +3.9 percent); construction (+1.3 percent from +2.6 percent) and manufacturing (+0.7 percent from +5.2 percent). In the first nine months of the year, the economy expanded 4.3 percent. GDP Annual Growth Rate in Nicaragua averaged 4.11 percent from 1995 until 2016, reaching an all time high of 10.90 percent in the fourth quarter of 1999 and a record low of -5.10 percent in the second quarter of 2009. Nicaragua has the lowest GDP per capita in Central America. Nicaragua is an agricultural economy with 50 percent of population living under poverty line. The textile and apparel industry is responsible for most of the recent investment in the country. Tourism accounting already for 17 percent of GDP has been steadily growing in recent years. This page provides - Nicaragua GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Kyrgyzstan GDP Annual Growth Rate

Kyrgyzstan's economy advanced 3.8 percent year-on-year in 2016, compared to 3.5 percent growth a year earlier. Industrial output increased 4.9 percent (-4.2 percent in 2015), driven by metal ores, manufacture of refined petroleum products, food products and production of precious metals. Also, the growth was observed in wholesales and retail trade (+7.2 percent vs +6.6 percent in 2015) and agriculture (+3 percent vs +6.2 percent). GDP Annual Growth Rate in Kyrgyzstan averaged 3.58 percent from 1994 until 2016, reaching an all time high of 10.50 percent in the fourth quarter of 2013 and a record low of -20.08 percent in the fourth quarter of 1994. The biggest sector of Kyrgyzstan´s economy is services. Trade and repairs of motor vehicles; transport and communications; hotels and restaurants; financing and real estate; health care and education and government services account for 56 percent of the GDP. Agriculture contributes 18 percent of the wealth and manufacturing and mining 18 percent. Construction and generation and distribution of electricity, gas and water account for the remaining 8 percent of the output. This page provides - Kyrgyzstan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 13th of January, 2017

Romania GDP Annual Growth Rate

The Romanian GDP expanded 4.3 percent year-on-year in the third quarter of 2016, lower than a preliminary figure of a 4.4 percent expansion and a 6 percent growth in the June quarter. Gross fixed capital formation slowed sharply (0.5 percent from 2.8 percent in the preliminary estimate) and imports rose more than anticipated (7.7 percent from 6.7 percent) and faster than exports (6.9 percent from 6.3 percent), thus increasing the drag from net trade. In contrast, household consumption increased at a faster 7 percent (6.7 percent in the preliminary reading) and public spending also rose more than expected (5.9 percent compared to 0.3 percent). On a quarterly basis, the economy advanced 0.6 percent, slowing from a 1.5 percent growth in the June quarter and matching preliminary estimates. GDP Annual Growth Rate in Romania averaged 2.80 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: Fri 13th of January, 2017

Albania GDP Annual Growth Rate

The economy of Albania advanced 3.1 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.4 percent expansion in the previous period. Main contributors to the growth were trade, accommodation and transportation (+6.7 percent vs +4.7 percent in Q2); construction (+8.3 percent vs +1.8 percent); financial activities and insurance (+15.4 percent vs +4.2 percent); arts, entertainment and recreation (+13.4 percent vs +9.8 percent) and agriculture (+1.6 percent vs -1.1 percent). In contrast, output shrank for industry, electricity and water (-2.4 percent vs +3.3 percent); information and communication (-1.2 percent vs +10.8 percent) and professional services and administrative services (-1.4 percent vs +10.8 percent). On a quarterly basis, the GDP expanded 0.9 percent. GDP Annual Growth Rate in Albania averaged 4.21 percent from 1996 until 2016, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997. Composition of the GDP on the expenditure side: household consumption (78 percent), gross fixed capital formation (26 percent), government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for -53 percent. This page provides the latest reported value for - Albania 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: Thu 12th of January, 2017

Germany GDP Annual Growth Rate

The German economy advanced by 1.9 percent in 2016 after growing by 1.7 percent in 2015, beating market expectations of a 1.8 percent expansion, according to a preliminary estimate from the Federal Statistics Office. It was the strongest growth rate since 2011, as private consumption advanced 2 percent (+2 percent in 2015); government spending increased by 4.2 percent (+2.7 percent); and fixed investment grew by 2.5 percent (+1.7 percent), mainly boosted by a 3.1 percent rise in construction spending (+0.3 percent in 2015). Meanwhile, exports expanded by 2.5 percent (+5.2 percent in 2015) while imports rose at a faster 3.4 percent (+5.5 percent in 2015). 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: Thu 12th of January, 2017

Haiti GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Haiti expanded 1.40 percent in 2016 from the previous year. GDP Annual Growth Rate in Haiti averaged 1.40 percent from 1997 until 2016, reaching an all time high of 5.50 percent in 2011 and a record low of -5.50 percent in 2010. Haiti is one of the poorest and most politically unstable countries in the Caribbean. The devastating earthquake in 2010 caused damages in excess of 150 percent of GDP and destroyed most of the infrastructure. More than 80 percent of the population lives in poverty and the country relies heavily on remittances and foreign aid. The most important sector of the economy is substance agriculture which employs over 40 percent of the labour force. Despite having one the lowest trade tariffs in the Caribbean and a preferential trade agreement with the United States, Haiti failed to boost its trade due to lack of infrastructure and bureaucracy. Furthermore, the lack of a functioning legal system and endemic corruption make foreign investors reluctant to set up companies. This page provides - Haiti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Tue 10th of January, 2017

Bahrain GDP Annual Growth Rate

The Gross Domestic Product in Bahrain expanded 3.9 percent year-on-year in the September quarter of 2016, following a 2.5 percent growth in the previous quarter, driven by a faster increase in financial services (+7.8 percent from +4.0 percent in Q2) and government services (+3.5 percent from +2.3 percent) while non-oil sector moderated (+3.2 percent from +3.6 percent, driven by a slowdown in mining and quarrying (+1.4 percent from +1.6 percent) and manufacturing (+0.85 percent from +3.3 percent). On a quarterly basis, the economy advanced 1.7 percent, compared to a 1.2 percent expansion in the June quarter. GDP Annual Growth Rate in Bahrain averaged 4.35 percent from 2000 until 2016, reaching an all time high of 8.40 percent in the fourth quarter of 2007 and a record low of -2.90 percent in the fourth quarter of 2011. In Bahrain, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Bahrain 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: Tue 10th of January, 2017

Serbia GDP Annual Growth Rate

Serbia's economy advanced 2.6 percent year-on-year in the third quarter of 2016, above preliminary estimates of 2.5 percent and following a downwardly revised 1.9 expansion in the previous period. The growth was mainly driven by investments (+6.2 percent vs +4.4 percent in Q2) and net trade contributed positively, as exports surged 10.5 percent (+11 percent in Q2) and imports went up 5.9 percent (+11.3 percent in Q2). Meanwhile, consumer spending rose at slower 0.5 percent (+1 percent in Q2) and government expenditure advanced only 1.2 percent (+4 percent in Q2). On a quarterly seasonally adjusted basis, the GDP expanded 0.3 percent. GDP Annual Growth Rate in Serbia averaged 2.81 percent from 1997 until 2016, reaching an all time high of 21.10 percent in the second quarter of 2000 and a record low of -21.30 percent in the second quarter of 1999. Factors favorable to Serbia's economic growth include its relatively inexpensive and skilled labor force and free trade agreements with the EU, Russia, Turkey, and countries that are members of the CEFTA. On the expenditure side, household consumption is the main component of GDP and accounts for 76 percent of its total use, followed by gross fixed capital formation (17 percent) and government expenditure (18 percent). Exports of goods and services account for 44 percent of GDP while imports account for 54 percent, subtracting 10 percent of total GDP. This page provides - Serbia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Lithuania GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Lithuania expanded 1.70 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Lithuania averaged 4.23 percent from 2001 until 2016, reaching an all time high of 11.60 percent in the fourth quarter of 2003 and a record low of -15.80 percent in the second quarter of 2009. Lithuania joined the Euro Area in January 2015. The country was among the hardest hit by the global financial crisis in 2008, the GDP contracted by 14.8 percent in 2009. Since 2010, however, Lithuania has been ranked among the fastest growing economies in the European Union. 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 (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent). This page provides - Lithuania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Mon 9th of January, 2017

Ecuador GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ecuador contracted 1.60 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Ecuador averaged 4 percent from 2000 until 2016, reaching an all time high of 10.20 percent in the second quarter of 2004 and a record low of -3 percent in the first quarter of 2016. The biggest sector of Ecuador´s economy is services. Retail and wholesale trade, hotels and restaurants, transport, communication and warehousing, financial intermediation, professional, technical, administrative and household services, education and health and government services and goods account for 57 percent of the GDP. Manufacturing, mining and quarrying create 23 percent of the wealth and construction and water and electricity distribution 11 percent. Agriculture, forestry and fishing account for the remaining 9 percent of GDP. This page provides the latest reported value for - Ecuador 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: Fri 6th of January, 2017

Zambia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Zambia expanded 3.60 percent in 2015 from the previous year. GDP Annual Growth Rate in Zambia averaged 2.94 percent from 1961 until 2015, reaching an all time high of 16.65 percent in 1965 and a record low of -8.63 percent in 1994. Zambia is one of the poorest countries in the world with 60 percent of population living below poverty line. In recent years, Zambia’s economy has been growing rapidly due to expansion of copper mining industry and agriculture diversification. However, widespread poverty, mainly caused by fast population growth and systemic youth unemployment, remains Zambia’s main economic challenge. This page provides - Zambia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Tanzania GDP Annual Growth Rate

The GDP in Tanzania advanced 6.2 percent year-on-year in the third quarter of 2016, compared to a 7.9 percent expansion in the three months to June of 2016. Growth was mainly led by transport, mining, communications and finance sectors. In the third quarter of 2015, the GDP grew 6.3 percent. GDP Annual Growth Rate in Tanzania averaged 6.69 percent from 2002 until 2016, reaching an all time high of 11.90 percent in the first quarter of 2007 and a record low of 2.60 percent in the third quarter of 2009. In Tanzania, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Tanzania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Saudi Arabia GDP Annual Growth Rate

The economy of Saudi Arabia expanded 0.9 percent year-on-year in the third quarter of 2016 compared to a 1.4 percent growth in the previous period. It was the weakest growth since the first quarter of 2013, as non-oil sector fell into contraction territory (-0.7 percent from +0.4 percent in Q2). In contrast, oil sector advanced at a faster pace (+3.6 percent from +1.6 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.80 percent from 1969 until 2016, reaching an all time high of 27.49 percent in the fourth quarter of 1974 and a record low of -11.10 percent in the fourth quarter of 1982. Saudi Arabia is the world´s biggest producer of oil and oil extraction accounts for 46 percent of GDP. The services sector represents 36 percent of the wealth. Within services the largest segments are: government services (13 percent of GDP), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Manufacturing constitutes 10 percent of GDP, construction and electricity, gas and water distribution - 6 percent and agriculture, forestry and fishing - 2 percent. This page provides the latest reported value for - Saudi Arabia 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: Fri 6th of January, 2017

Qatar GDP Annual Growth Rate

Qatar's economy expanded 3.7 percent year-on-year in the third quarter of 2016, compared to a downwardly revised 1.8 percent rise in the previous period. The growth was mainly led by mining and quarrying (+2.7 percent vs -1.2 percent in Q2); transportation (+7.9 percent vs +9.9 percent); construction (+12.4 percent vs +14.7 percent); financial and insurance activities (+6.9 percent vs +8.6 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (+2.6 percent vs +3.6 percent); public administration; compulsory social security (+6.2 percent vs +7.8 percent); real estate activities (+6.1 percent vs +6.7 percent) and professional, scientific and technical activities (+5.2 percent vs +7.2 percent). Also, manufacturing declined at a slower 1.3 percent (-4.4 percent in Q2). On a quarterly basis, the GDP advanced 3.6 percent. GDP Annual Growth Rate in Qatar averaged 7.85 percent from 2009 until 2016, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -15.30 percent in the second quarter of 2009. As Qatar has vast oil and natural gas reserves, mining is the main driver of the economy, contributing 58 percent of GDP. The second biggest sector is Services which accounts for 28 percent of total output. Within services the most important segments are: finance, insurance, real estate and business services (12 percent); government services (7 percent) and trade, restaurants and hotels (6 percent). The remaining 14 percent is contributed by manufacturing and construction. This page provides the latest reported value for - Qatar 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: Fri 6th of January, 2017

Rwanda GDP Annual Growth Rate

Rwanda's economy expanded 5.2 percent year-on-year in the third quarter of 2016, slowing from a 5.4 percent growth in the previous period and a 5.9 percent rise a year earlier. It was the lowest growth since December quarter of 2013. GDP Annual Growth Rate in Rwanda averaged 7.62 percent from 2000 until 2016, reaching an all time high of 13.40 percent in the first quarter of 2007 and a record low of 2.20 percent in the fourth quarter of 2003. In Rwanda, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Rwanda 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: Fri 6th of January, 2017

Singapore GDP Annual Growth Rate

The Singaporean economy advanced 1.8 percent year-on-year in the fourth quarter of 2016 after growing by an upwardly revised 1.2 percent in the previous period and above market consensus of a 0.6 percent expansion, the advance estimate showed. Considering the full year, the economy advanced 1.8 percent, exceeding the government's previous forecast of 1.0-1.5 percent expansion, but still the lowest growth since 2009. GDP Annual Growth Rate in Singapore averaged 6.70 percent from 1976 until 2016, reaching an all time high of 18.90 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: Fri 6th of January, 2017

Morocco GDP Annual Growth Rate

The Moroccan economy advanced 1.2 percent year-on-year in the third quarter of 2016, compared to a 0.8 percent growth in the previous period. The non-agriculture sector (+2.5 percent from +1.9 in Q3) drove the expansion while the agriculture sector declined more (-12.3 percent from -11.7 percent), hurt by the drought. The GDP is expected to grow 3.9 percent in the first quarter of 2017, mainly boosted by an increase in agriculture production. GDP Annual Growth Rate in Morocco averaged 4.13 percent from 1999 until 2016, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of 0.50 percent in the fourth quarter of 1999. In Morocco, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides the latest reported value for - Morocco 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: Fri 6th of January, 2017

Jordan GDP Annual Growth Rate

The Jordanian economy advanced 1.8 percent year-on-year in the third quarter of 2016, following 1.9 percent expansion in the previous period. It was the weakest growth since the second quarter of 2010. as mining and quarrying and construction sectors contracted. The growth also slowed for trade, restaurants and hotels; manufacturing; transport; and electricity and water. Meanwhile, finance, insurance, and business services advanced at a faster pace. GDP Annual Growth Rate in Jordan averaged 4.68 percent from 1993 until 2016, reaching an all time high of 10.58 percent in the first quarter of 2007 and a record low of -1.11 percent in the first quarter of 1996. The Jordanian economy is dominated by tourism, financial services, transportation, manufacturing and remittances from Jordanians working abroad. Jordan's lack of arable land and insufficient supplies of water means that agriculture is mostly a non-relevant sector and that the country invests heavily in water recycling. Jordan’s economy is highly influenced by the state, however, recently, the efforts have been undertaken to reduce barriers to do business. This page provides - Jordan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017

Luxembourg GDP Annual Growth Rate

The Luxembourg economy grew by 4.8 percent year-on-year in the third quarter of 2016, following an upwardly revised 5.1 percent expansion in the previous period, preliminary estimates showed. Consumption rose at a slower pace for households (+0.5 percent from +2.5 percent in Q2) and the public sector (+3.3 percent from +5 percent), while fixed investment contracted (-2 percent from +5.6 percent). Meanwhile, exports expanded 4.5 percent (from +4.9 percent in Q2) and imports rose at a slower 2.9 percent (from +5.3 percent). On a quarterly basis, the economy shrank 0.1 percent. GDP Annual Growth Rate in Luxembourg averaged 3.70 percent from 1996 until 2016, reaching an all time high of 11.80 percent in the first quarter of 2000 and a record low of -9 percent in the second quarter of 2009. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Posted: Fri 6th of January, 2017