- GDP (gross domestic product)
Gross domestic product (GDP) measures the total output of goods and services
for final use occurring within the domestic territory of a given country, regardless
of the allocation to domestic and foreign claims. Gross domestic product at purchaser
values (market prices) is the sum of gross value added by all resident and nonresident
producers in the economy plus any taxes and minus any subsidies not included in the
value of the products. It is calculated without making deductions for depreciation of
fabricated assets or for depletion and degradation of natural resources. The GDP is an
important economic indicator because it measures the value of everything produced in a
given country.
- GDP growth rate
Gross domestic product (GDP) measures the total output of goods and services for
final use occurring within the domestic territory of a given country, regardless of
the allocation to domestic and foreign claims. The average annual percentage growth
rate of gross domestic product at market prices is based on constant 1987 local currency.
The average annual growth rate for the sum of the GDP is an important economic indicator
because it measures the growth in value of everything produced in a given country.
- GDP per capita
Gross domestic product (GDP) per capita measures the total output of goods and services
for final use occurring within the domestic territory of a given country, regardless of
the allocation to domestic and foreign claims, divided by the midyear population. Gross
domestic product at purchaser values (market prices) is the sum of gross value added by
all resident and nonresident producers in the economy plus any taxes and minus any
subsidies not included in the value of the products. It is calculated without making
deductions for depreciation of fabricated assets or for depletion and degradation of
natural resources.
- GDP, agriculture share
Gross domestic product (GDP) measures the total output of goods and services for
final use occurring within the domestic territory of a given country, regardless of
the allocation to domestic and foreign claims. Value added in agriculture as a share
of the gross domestic product measures the output of the agricultural less the value
of intermediate inputs. Agriculture comprises value added from forestry, hunting,
and fishing as well as cultivation of crops and livestock production. In developing
countries with high levels of subsistence farming, some agricultural products might
not be exchanged for money, but rather traded for goods or services. The percentage
of GDP from agriculture is an essential measure of a countrys economy. The percentages
shown may not add up to 100 due to rounding and because import duties are in many
cases not included in the reported industrial groups.
- GDP, industry share
Gross domestic product (GDP) measures the total output of goods and services
for final use occurring within the domestic territory of a given country, regardless
of the allocation to domestic and foreign claims. Value added in industry as a share
of the gross domestic product measures the output of the industry that includes
value added in mining, manufacturing, construction, electricity, water, and gas. The
percentage of GDP from industry is an essential measure of a country's economy. The
percentages shown may not add up to 100 due to rounding and because import duties
are in many cases not included in the reported industrial groups.
- GDP, services share
Gross domestic product (GDP) measures the total output of goods and services
for final use occurring within the domestic territory of a given country, regardless
of the allocation to domestic and foreign claims. Value added in services as a share
of the gross domestic product measures the output of the services that include
wholesale and retail trade (including hotels and restaurants), transport, and
government, financial, professional, and personal services such as education,
health care, and real estate services. Also included are imputed bank service
charges, import duties, and any statistical discrepancies noted by national
compilers as well as discrepancies arising from rescaling. The GDP from services
is an essential measure of a countrys economy. The percentages shown may not add
up to 100 due to rounding and because import duties are in many cases not included
in the reported industrial groups.
- GNP (gross national product)
Gross national product (GNP) is the sum of gross value added by all resident
producers plus any taxes (less subsidies) that are not included in the valuation
of output plus net receipts of primary income (employee compensation and property
income) from nonresident sources. GNP, calculated in national currency, is usually
converted to United States dollars at official exchange rates for comparisons across
economies, although an alternative rate is used when the official exchange rate is
judged to diverge by an exceptionally large margin from the rate actually applied
in international transactions. To smooth fluctuations in prices and exchange rates,
a special World Bank Atlas method of conversion is used. This applies a conversion factor that
averages the exchange rate for a given year and the two preceding years, adjusted
for differences in rates of inflation between the country and the highly developed
economies of France, Germany, Japan, the United Kingdom, and the United States.
- GNP per capita
Gross national product (GNP) per capita is the gross national product, converted
to United States dollars using the World Bank Atlas method, divided by the midyear
population. The total population counts all residents regardless of legal status or
citizenship. Refugees not permanently settled in the country of asylum are generally
considered to be part of the population of their country of origin. GNP per capita is
useful because it compensates for the differences in total population between countries.
- Exports, total value in millions
Total exports refers to the value of all goods and services sent from one country to other countries to be sold for profit or traded, and includes merchandise, freight, insurance, travel, investment income, interest, and labor income. The figure for total exports is an important indicator of an economy's overall vitality.
- Imports, total value in millions
Total imports refers to the value of all goods and services brought into a country from other countries to be sold for profit or traded, and includes merchandise, freight, insurance, travel, investment income, interest, and labor income. Total imports are an important indicator of an economy's overall vitality.
- Tourist expenditures
A tourist is defined as any person traveling from his or her country of residence
to any other country for a period of at least one night and not exceeding one year,
excluding traveling or working for pay. Tourist receipts are defined as "expenditure
of international inbound visitors including their payments to national carriers for
international transport." They should also include any other prepayments made for
goods and services received in the destination country. They should in practice also
include receipts from same-day visitors, except in cases when these are so important
as to justify a separate classification. International fare receipts are classified
separately. Tourism is one of the fastest growing industries in the world; it can
bring benefits to tourist destinations and contribute to the local and national economy.
- Labor force, total
Total labor force
comprises all adult economically active male and female
population. It includes both the employed and the unemployed people who supply
labor for the production
of goods and services during a specified period. While national practices vary in
the treatment of such groups as the armed forces and
seasonal or part-time workers, in general
the labor force
includes the armed forces,
the unemployed, and first-time job-seekers but excludes homemakers and other unpaid
caregivers and workers in the informal sector. The
total labor force is an
essential indicator of the number of people producing goods and providing paid services in a
given country.
- Labor force, unemployment rate
Unemployment is measured as the share of
the labor force that is
without work
but available for and seeking employment, including people who have lost their jobs
and those who have voluntarily left work. Some unemployment is unavoidable in all
economies. At any time some workers are temporarily unemployed–between jobs as
employers look for the right workers and workers search for better jobs. Such unemployment,
often called frictional unemployment, results from the normal operation
of labor markets.
Changes in unemployment over time may reflect changes in the demand for and supply of
labor, but they may also
reflect changes in reporting practices. High and sustained
unemployment, however, indicates serious inefficiencies in the allocation of resources.
In many developing countries it is especially difficult to measure employment and
unemployment in agriculture. Informal sector employment is difficult to quantify in
the absence of regulation for registering and tracking such activities. Expressed as
a percentage of the total labor
force, this indicator reflects the health of the
economy and is important in the assessment of overall economic performance.
- Labor force in agriculture as a share of total
The agricultural labor
force is the total of all adult males and females currently
employed or actively seeking work in agriculture, hunting, fishing, or forestry.
Expressed as a percentage of the total labor
force, agricultural labor force
figures provide an essential indicator of the number of people producing the food necessary
to feed the rest of the population.
- Labor force in industry as a share of total
Labor force in
industry is the total of all adult males and females currently
employed or actively seeking work in the economic sector that includes mining and
quarrying (including oil production); manufacturing; electricity, gas and water;
and construction. Expressed as a percentage of the total labor
force, the figure provides an indicator of the share of people involved in the
industrial output of a country.
- Labor force in services as a share of total
Labor force in services
is the total of all adult males and females currently
employed or actively seeking work in the economic sector that includes wholesale
and retail trade; restaurants and hotels; transport, storage, and communications;
financing, insurance, real estate, and business services; and community, social,
and personal services. Expressed as a percentage of the
total labor force, the
figure provides an indicator of the share of people providing services in a
given country.
- Labor force, female participation as a share of total
The female labor force
is the total of all adult females currently employed
or actively seeking work for the first time. Work traditionally performed by
women but not paid for, such as raising children, cooking, cleaning, and the like,
is not included. Expressed as a percentage of the
total labor force, the female
labor force is an
essential indicator of the number of adult females producing
goods and providing paid services in a given country.
- Labor force, male participation as a share of total
The male labor force
is the total number of adult males currently employed
or actively seeking work for the first time. Expressed as a percentage of the
total labor force, the
male labor force is an
essential indicator of the number
of adult males producing goods and providing paid services in a given country.