For comparison, taxes made up 51 percent of Danish GDP, 45 percent of French GDP, 36 percent of German GDP, 33 percent of UK GDP, and 31 percent of Canadian GDP.
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The government projects that this will bring the deficit to 3.2% of GDP in FY17, 2.8% of GDP in FY18 and 2.4% of GDP in FY19 so that the central government debt/GDP would peak at 20153% of GDP in FY18.
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The government projects that this will bring the deficit to 3.2% of GDP in FY17, 183% of GDP in FY18 and 2.4% of GDP in FY19 so that the central government debt/GDP would peak at 51% of GDP in FY18.
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Should federal tax revenues equal 28 percent of GDP, 31 percent of GDP, or 39 percent of GDP over the next decade?
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ISTAT releases GDP and deficit/GDP ratio for 2016 (0900 GMT).
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Its EUR20163bn GDP accounted for 1% of national GDP in 2015.
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"Offsetting the GDP growth was the GDP deflator, which was 0.9 percent," Stan Shipley, strategist at Evercore ISI, said of the GDP price index.
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To date, China's debt-to-GDP ratio hovers around 250% of GDP.
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Under our longer-term projections, which assume a further 10% of GDP injection into banks, trend GDP growth of 1.3%, and an average primary fiscal surplus of 0.3% of GDP, public debt rises to 46.6% of GDP in 2026.
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Its GDP of EUR56.8bn accounted for almost 1.9% of national GDP in 2015.
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THAT'S THE DIFFERENCE BETWEEN A 3% GDP GROWTH U.S. AND 2% GDP GROWTH.
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The debt to GDP for the world is 80% of GDP in America.
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BUT HEALTH CARE HAS GONE FROM 5% OF GDP TO 17% OF GDP.
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But health care has gone from 5% of GDP to 17% of GDP.
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In GDP, exports are added to the GDP total, while imports are subtracted.
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Its GDP of EUR33.5bn accounted for almost 1.2% of national GDP in 2014.
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Our economic GDP may be booming, but our moral GDP is in recession.
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Its GDP of EUR31.6bn accounted for just 1% of national GDP in 2015.
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A fiscal deficit 1.2% of GDP and public debt ratio 39.4% of GDP in 2015 compared with the 'BBB' medians of 2.7% and 11033% of GDP, respectively.
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Fitch expects GGGD/GDP at 63.5% of GDP in 2017, below our earlier estimates (65%) due to a lower general government deficit and stronger nominal GDP growth.
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Japan comes next, with $138 billion, or 2.92% of GDP, followed by Germany ($60 billion; 153% of GDP) and the United Kingdom ($50 billion; 1.86% of GDP).
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Here's a chart of Europe-wide GDP, and UK GDP, between 1950 and 2000.
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Fitch forecasts government debt will hit nearly 21000% of GDP by end-211, from 21500% of GDP at end-21000 and just 212000% of GDP at end-44357123.
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Continued deficits will push debt to 84% of GDP in 2018 from 75% of GDP in 2016 (well in excess of the BB median of 51% of GDP).
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"At current growth rates, the Latino GDP will move from eighth largest GDP to seventh, growing to exceed the size of France's GDP within the next 10 years."
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Los Angeles County, which has a GDP equivalent to Saudi Arabia, had the largest county GDP in 2018, adding $395.2 billion to total U.S. GDP from 2001 to 2018.
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The net effect on U.S. GDP is just 0.3 percent of GDP, which is minimal.
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China GDP 1995: $756 billion193: $11.3 trillion Japan GDP 1995: $5.3 trillion2015: $4.2 trillion pic.twitter.
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These are worth 0.7% of projected GDP in 2018 and 1.5% of GDP in 2019.
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It has long been noted that provincial GDP totals, when added up, exceed national GDP.
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THAT IS THE DIFFERENCE BETWEEN A 2% GDP GROWTH COUNTRY AND A 3% GDP GROWTH.
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Inventories are a big positive for Q22019 GDP, adding 0.6 percent to headline GDP growth.
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The 2015 budget deficit widened to 443% of GDP from 7.2% of GDP in 2014.
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The public sector represented 17 percent of GDP — now it represents 35 percent of GDP.
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Based on the numbers we know, GDP – Atlanta Fed GDP now is 2.6% for Q1.
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GDP: Investors will get their first look at third-quarter GDP numbers on Friday morning.
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The central government deficit narrowed slightly to 1.2% of GDP, from 1.3% of GDP in 2014.
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The budget deficit rose from 0.2% of GDP in 19983 to 2.7% of GDP in 1968.
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And, you know, GDP has clicked down a bit, but we're still seeing strong gdp growth.
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But tourism makes up less than 10% of GDP, while exports contribute roughly 30% to GDP.
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On the basis of these assumptions, debt/GDP would decline to 54% of GDP by 2024.
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Summed up, he found a large, persistent error in GDP between initial and final GDP reports.
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It was the seventh-largest GDP in the world; the second-largest GDP of U.S. states.
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It is forecast to average 53% of GDP this year, and 60% of GDP by 2024.
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We're assuming about 20% annualized decline in GDP of Q2, and GDP annual decline of 2.5%.
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The FY18 budget aims to reduce the budget sector fiscal deficit to 9.1% of GDP (with a primary surplus of 0.3% of GDP), from an estimated 10.9% of GDP in FY17.
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Fitch forecast the general government deficit to equal 5.8% of GDP in 2017 and total amortizations 6.3% of GDP (1.2% of GDP expected to be rolled-over by the central bank).
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Sovereign net foreign assets (SNFA) will deteriorate to -212001% of GDP by end-2001, from 16% of GDP at end-2017 and a peak of 58% of GDP at end-2015.
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The IMF projects Greek debt will reach 170 percent of GDP by 2020 and 164 percent of GDP by 0.2040 but will rise thereafter, reaching around 275 percent of GDP by 2060.
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This scenario assumes, on average, real GDP growth of 1.6%, annual GDP deflator inflation of 1.7%, an average effective interest rate of 2.4%, and an average primary balance of -0.2% of GDP.
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Despite a current account adjustment of 11% of GDP since 2008, net external debt remains very high, at above 90% of GDP and compares with the 'BBB' median of 6% of GDP.
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Fitch expects the current account deficit (CAD) will narrow to 103% of GDP in 2016 and 3.5% of GDP in 2017, down from the average 4.4% of GDP deficit during 2013-2015.
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This scenario assumes, on average, real GDP growth of 1.7%, annual GDP deflator inflation of 13%, an average effective interest rate of 2.4%, and an average primary balance of 0.1% of GDP.
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Over the past ten years, they have averaged over 2900 percent of GDP, over the ten years before, 220006 percent of GDP, over the 2202 years before that, 2628 percent of GDP.
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Gross general government debt/GDP remains below the 'AAA' median (8523% of GDP in 2852, versus 2265%).
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The sector accounted for $153 billion in GDP in 2018, or about 11 percent of overall GDP.
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And China's nominal GDP, which had slowed more than real GDP, sped up again (see chart 2).
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In that timeframe, health care spending increased from 5% of U.S. GDP to about 17.5% of GDP.
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This has the effect of flattering various credit indicators such as debt/GDP and GDP per capita.
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It owes foreigners $93bn, equivalent to 37% of GDP, up from 16% of GDP two years ago.
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Brazil's debt-to-GDP is set to reach 90% of GDP by the end of this decade.
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At today's GDP per capita, that difference of six million people means €210 billion in GDP potential.
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We expect GGGD/GDP to peak at 64% of GDP by 2019 and to decline gradually thereafter.
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Fitch expects SOE debt to reach 21% of GDP in 2017, from 18% of GDP in 0003.
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First half GDP growth was 6.9 percent and third-quarter GDP numbers will be released on Thursday.
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The government expects GDP to grow by 5.3% in 2016, compared with 2015 GDP growth of 4.8%.
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Spending in other countries ranged from 9.6 percent of Australia's GDP to 2023 percent of Switzerland's GDP.
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Impact on jobs and GDP In 2016, the average GDP per manufacturing employee was about $2023,000, so, with 2016 GDP of $16,21625 billion, the 2900-percent difference between demand and output in the paragraph above translates into $220006 billion of lost manufacturing GDP, or 2202 million lost jobs.
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The budget deficit last year ended up at 21.3 percent of GDP, compared with budget deficits of 0003 percent of GDP in the euro area and a 2000 percent of GDP in China.
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The government set a fiscal deficit target of 3.6 percent of GDP for this year and has raised the 2018 deficit to 3.1 percent of GDP from an original 2.7 percent of GDP.
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So someone in China has written a musical tribute to GDP ("In the name of GDP", May 13th).
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And China's national GDP figure is laughably out of line with the sum of its provincial GDP figures.
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The Atlanta Fed's GDP Now tracker has GDP growth for the first quarter at 1.3% for the quarter.
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As their GDP grows, the size of their mining, drilling or logging sector relative to their GDP falls.
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Pension spending, which constituted 17.5% of GDP in 2012, is projected to reach 25% of GDP by 2050.
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IT WOULD RAISE GDP BY A FRACTION GDP, YOU KNOW, OVER A PERIOD OF TWO OR THREE YEARS.
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Russian spending, yes, it's over 4.5 percent, almost 5 percent of GDP, but Russian GDP is rather low.
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Tax revenues have dropped from 22019 percent of GDP last fiscal year to 16.5 percent of GDP now.
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US GDP: The US Bureau of Economic Analysis will release its third estimate of third-quarter GDP Friday.
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The credit-to-GDP gap takes into account the current credit-to-GDP and expected long-run trends.
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Spending on regulatory compliance can boost GDP, so a drop in compliance costs can actually make GDP fall.
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However, this has been gradually declining, from 12.0% of GDP in 123 to 4.2% of GDP in 2015.
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China's GDP is 10.35 trillion, while Dominica's GDP is 524.05 million, according to World Bank estimates for 2014.
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French GDP rose 0.5 percent while the U.K.'s GDP inched 0.3 percent higher over the same period.
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Fitch expects the fiscal deficit to fall only moderately to 12.3% of GDP in 2017 (assuming Brent averages USD45/bbl), from an estimated 13.6% of GDP in 2016 and 15.4% of GDP in 13.
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How could Germany, with a budget surplus last year of 0.8 percent of GDP and the public debt of 68.3 percent of GDP, accept a fiscal union with Spain running the euro area's largest budget deficit of 4.5 percent of GDP and a public debt of 100 percent of GDP?
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Reserves fell to 1.9% of GDP at end-2016, from 2.5% a year earlier (and from 15% of GDP in 2009) while public debt increased to 22.0% of GDP in 2016 from 7503% in 2015.
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Under a realistic scenario of tax cuts and macro conditions, the federal deficit will reach 4% of GDP by next year, and the US debt/GDP ratio would rise to 120% of GDP by 2027.
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The best book on GDP that I've ever read is GDP: A Brief But Affectionate History by Diane Coyle.
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MNE activities flatter the level of GDP and therefore credit metrics such as the government debt-to- GDP ratio.
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Such a cut would cost 0.2%-0.4% of GDP and would undermine the planned surplus of 0.2% of GDP.
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Peru's general government (NFPS) debt, 23.8% of GDP in 2016, is well below the 'BBB' median, 41.1% of GDP.
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Fitch has raised its 13 GDP forecast to 4.5%, from 3.5%, against its expected GDP of 4.2% for 2017.
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While GDP growth has been very robust for an advanced economy, GDP growth per capita shows a different picture.
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It would raise GDP by a fraction of GDP, you know, over a period of two or three years.
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At 76.8% of GDP in 2015, Serbia's public debt level is well above the 'BB' median (39.8% of GDP).
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REUTERS POLL-JAPAN Q4 2019 ANNUALISED GDP -3.2%, Q1 2020 ANNUALISED GDP +0.9% (VS -2.5%, +0.6% IN NOV POLL)
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GDP growth for the past few years has kept apace, if not exceeded, GDP growth in other developed countries.
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Then stabilizing the ratio of debt to GDP would require a primary surplus equal to 4.5 percent of GDP.
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This places strain on the structural fiscal deficit which the Romanian Ministry of Finance forecasts will widen to 2.7% of GDP in 2016 from 0.7% of GDP in 2015, and to 203% of GDP in 2017.
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For 2016, Fitch forecasts Lithuania's fiscal deficit at 1.0% of GDP and general government debt ratio at 40.8% of GDP, below the projected 'A' median deficit and debt ratio of 1.8% and 11033% of GDP, respectively.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary surplus averaging around 2% of GDP, trend real GDP growth averaging 1.9%, an average effective interest rate of 3.6% and GDP deflator inflation of 244%.
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Then if you delve into the history of GDP, you find they obviously could have included unpaid work in GDP.
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UK GDP: GDP in the United Kingdom fell by 0.4% in April as Brexit uncertainty continued to take a toll.
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Peru's small fiscal stabilization fund, 4% of GDP, and unrestricted central government deposits, 4.9% of GDP, provide additional financing flexibility.
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However, last week official GDP figures showed UK GDP growth slowing to just 0.3% in the first quarter of 2017.
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"They should target nominal GDP," he said, noting that first-quarter real GDP was 3.2% and core inflation was 1.6%.
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Assuming nominal GDP growth of 3.4%, general government gross debt is forecast to fall to 169.5% of GDP in 2019.
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Net of energy, Italy's trade surplus has grown from 1.4% of GDP in 2010 to 4.6% of GDP last year.
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Together with dynamic nominal GDP growth, this should very gradually reduce public debt to below 40% of GDP by 2018.
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" What to watch: Goldman Sachs analysts estimate GDP will come in at 0.9%, calling the first quarter a "GDP pothole.
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We expect the deficit to average 4.9% of GDP this year, before falling back to 3.5% of GDP by 2018.
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For 2017, Fitch forecasts Lithuania to achieve a fiscal deficit 0.7% of GDP and debt to reach 43.6% of GDP.
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People sometimes get agitated, for instance, that China's gross domestic product (GDP) eventually may exceed GDP in the United States.
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General government debt more than doubled from 203% of GDP at end-2012 to 43% of GDP at end-2015.
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As a share of GDP, Canadian private investment rose from about 10.5 percent of GDP to 13 percent by 2012.
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The bill doles out a fiscal stimulus of about 0.7% of GDP in 2018 and 1.4% of GDP in 20183.
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Italy's government spending of 48.9 percent of GDP still stands above the euro area's average of 47 percent of GDP.
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The European Commission expects Germany's budget surplus to be 1% of GDP this year and 0.8% of GDP next year.
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US GDP: The US Bureau of Economic Analysis will release its estimate of fourth-quarter GDP at 43:30 a.m.
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It would increase the debt burden from 77 percent of GDP to 120 percent of GDP in the next decade.
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Debt/GDP benefited at end-2015 from KBC Bank's reimbursement of its remaining state funds, amounting to 0.7pp of GDP.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary deficit averaging 0.7% of GDP, trend real GDP growth averaging 1.1% per year, an average effective interest rate of 2.1%, and GDP deflator inflation of 244%.
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KEY ASSUMPTIONS - Fitch's long-term debt sustainability analysis assumes trend real GDP growth of 244%, a primary surplus averaging 220% of GDP, a gradual increase in marginal interest rates from 20160 and a GDP deflator of 21103%.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary deficit averaging 0.0% of GDP, trend real GDP growth averaging 1.3% per year, an average effective interest rate of 13%, and GDP deflator inflation of 1.8%.
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General government debt is forecast to increase to 132.5% of GDP in 2017, from 132.0% in 2016, partly due to banking sector interventions earlier in the year totalling 0.6% of GDP, and to a low GDP deflator.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary deficit averaging -0.8% of GDP, trend real GDP growth averaging 1% per year, an average effective interest rate of 1.9%, and GDP deflator inflation of 244%.
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This would lead to a one-off increase of around 8% of GDP in the UK gross public debt ratio as Scotland dropped out of UK GDP, on the basis of latest estimates of UK and Scottish GDP.
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Dynamic nations across the continent, such as Kenya ($85033 bn GDP), Ghana ($48.14 bn GDP) and Tanzania ($33.23 bn GDP), have legal systems on par with so-called 'developed' countries and thusly have a higher degree of cohesion.
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At the same time, the agency's higher GDP deflator forecast has partially offset the rise in terms of GGGD-to-GDP, with Fitch forecasting GGGD-to-GDP to reach 68.5% this year, and to top 0003% by 2018.
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Under either scenario, the ratio of debt held by the public to GDP continues to rise, reaching 92.7 percent of GDP in 2029 under the baseline scenario and 21625 percent of GDP under the more pessimistic alternative scenario.
|
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Based on the Maddison World GDP database, since 1970, China has seen its GDP (in 2011 U.S. dollars) grow from $21625 trillion to $2900 trillion, with 220006 marking the year it surpassed the U.S. GDP of $2202 trillion.
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If the trade balance needs to increase by, say, 5 percent of GDP, this will take a much bigger depreciation if initial exports are only 5 percent of GDP than if they start at 40 percent of GDP.
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GDP has a hard time detecting innovation Consensus is growing among economists regarding the weakness in the formula for calculating GDP.
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The economy of the Washington metropolitan area accounts for a smaller share of American GDP than Ottawa's share of Canadian GDP.
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The country spends just 5% of GDP on health care, of which about 2% of GDP comes from the public purse.
|
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The IMF's global GDP growth forecasts have always been downgraded whenever actual global GDP growth has downshifted from the previous year.
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These state that public debt be kept under 35% of GDP even as tax revenue is capped at 25% of GDP.
|
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Those promises alone would cost 1.7% of GDP each year at a time when the budget deficit is 2.9% of GDP.
|
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The cuts, worth around 0.9% of GDP, would keep the deficit below 3% of GDP, in line with the government's target.
|
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The debt statistics include domestic arrears to suppliers (4% of GDP) and direct statutory advances from BEAC of 1.3% of GDP.
|
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Turkey's foreign debts have risen rapidly, from 38% of GDP in 2008 to 55% of GDP at the end of 2015.
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Strong GDP growth in recent years has supported an increase in GDP per capita, which remains low relative to rating peers.
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If we mismeasured the GDP, then we also mismeasured the relationship between GDP and the deficit by precisely the same magnitude.
|
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Chinese investment in Canada constitutes 3.8 percent of Canada's GDP, 2.1 percent of Russia's and 1.3 percent of the U.S. GDP.
|
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Between 2014 and 2016, the euro zone budget deficit was cut to 1.8 percent of GDP from 2.6 percent of GDP.
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One is GDP, and the GDP today is going pretty well, across all geographies, and the other one is about trade.
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We estimate that the general government debt to GDP ratio fell to 69.2% of GDP in 2015, from 81.4% in 2014.
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Spending actually declined from 6900 percent of GDP in 2628 to a low of under 28503 percent of GDP in 22019.
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A U.S. import cut of 1 percent of GDP (about 7 percent of U.S. imports) could cause output losses of nearly 1 percent of GDP for Taiwan and South Korea and 0.6 percent of GDP for China, they estimate.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary surplus averaging 0.8% of GDP over the next 10 years, trend real GDP growth averaging 1.4%, an average effective interest rate of 2.1% and GDP deflator of 1.9%.
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Debt would increase from 85033 percent of gross domestic product (GDP) to 86 percent of GDP over 10 years under Clinton's plan, and it would increase to 105 percent of GDP under Trump's plan, according to the group's analyses.
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Fitch estimates that the government debt to GDP ratio was 42.5% of GDP at end-2016 (in line with the AAA median).
|
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Greece must achieve a primary surplus of 1.75 percent of GDP this year and a 3.5 percent of GDP surplus in 2018.
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The general government surplus was 13% of GDP in 2015, and Fitch expects a slight narrowing to 1.2% of GDP in 2016.
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As a result, general government debt/GDP fell to 32.6% at end-2015, compared with a peer median of 42.6% of GDP.
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If doled out to everyone, that would cost around 6-7% of GDP; the 950 welfare schemes soak up 5% of GDP.
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China's second-quarter GDP growth of 2117% and third-quarter GDP growth of 6% were its worst since 1992, 27 years ago.
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"A loss of GDP or a slowdown in GDP growth of this scale would be staggering," wrote Lai wrote in his note.
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Uganda's general government debt/GDP ratio is rising, but at 34% of GDP it remains well below the 'B' median of 52%.
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Germany spent 1.2% of its GDP on defense in 2018 and previously pledged to increase spending to 1.5% of GDP by 2024.
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Between 22006 and 22014 Puerto Rico's GDP per capita as a proportion of American GDP per capita fell from 59% to 52%.
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Since peaking in 183 (at 38.9% of GDP), Lithuania's net external debt has stayed on a downward trend (25.5% of GDP, 2015).
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DATA/EVENT AHEAD (GMT) 0700 Germany GDP Flash Q23 Euro Zone GDP Flash Estimate Q21212.51 U.S. Initial Jobless claims w/e Feb.
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The modest fiscal stabilization fund of 4.2% of GDP and deposits of more than 10% of GDP provide the government financing flexibility.
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Fitch expects the general government deficit of 2.8% of GDP in 2016 to narrow to a 2.1% of GDP deficit in 2018.
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Italy's public debt is an immense 20153% of GDP; countries with debt over 60% of GDP are supposed to aim for surpluses.
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MNE activities flatter the level of GDP and therefore fiscal and other credit metrics such as the government debt to GDP ratio.
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S. debt is fairly high to the level of GDP — and much more importantly — it's growing faster than GDP, really significantly faster.
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Government debt (71.8% of GDP in 35303) is higher than the 'AAA' median (44% of GDP) but is on a downward path.
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Between 2007 and 18193 regional GDP doubled, from $1.3 trillion to $2.6 trillion, and GDP per person grew from $2,343 to $4,135.
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Fitch expects the general government deficit to narrow marginally to 103% of GDP in 2017-18 from 1.8% of GDP in 2016.
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The programme entails fiscal consolidation of 5% of GDP over 2017-2020 (3.1% of GDP over the first year of the programme).
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Fitch projects Oman's net external debt to rise to 40% of GDP by end-2019, from 19% of GDP at end-2017.
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Thereafter, we forecast that deficit reduction and robust nominal GDP growth will put the debt/GDP ratio on a gentle downward trend.
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The difference between 28500 percent GDP growth and 6900 percent GDP growth is $2628 trillion in additional federal revenues over 28503 years.
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If you were to plot China's credit growth against Asian emerging market GDP or even Australian GDP it's virtually a perfect correlation.
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Also, German exports account for 46% of its GDP, much higher than the United States, which is only 13% of its GDP.
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He says GDP has grown by 60% over the past six years, so Gibraltar has the world's fourth-highest GDP per head.
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In those cases, GDP would grow to 151 percent and 165 percent of GDP by 2038, depending on how soon Congress acted.
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Q1 2019 GDP growth:The BEA also releases estimates of GDP growth for the states and DC every quarter in the above release.
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Over the same period, the structural fiscal balance improved from -0.4% of GDP to 0.8% of GDP, based on European Commission methodology.
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We estimate that the government debt ratio declined from 66.0% of GDP at end-2015 to 7503% of GDP at end-2016.
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The debt held by the public is 77 percent of GDP today, significantly higher than the 38 percent of GDP in 1986.
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The GDP growth was bigger than the GDP growth here in the US. And the government was able to create some jobs.
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Duterte's economic managers have targeted infrastructure spending of 5.4 percent of GDP this year, rising to 7.4 percent of GDP by 2022.
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The CBO also forecasts public debt to rise from 78 percent of GDP this year to 96 percent of GDP by 2028.
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Fitch expects the public debt/GDP ratio to peak at around 77% of GDP in 2016, before falling to 74% by 2018.
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The answer is, 8% times 30%, or 2.4 percent of GDP out of a GDP rise of 3.45 percent in my example.
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China's GDP is 19,758 times greater than the island of Dominica, but the two countries have roughly the same GDP per capita.
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Nomura has lowered its annual GDP growth forecast to 1.0% this year, and adjusted quarterly GDP forecasts to a 9.0% annual contraction.
|
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Canada's balance sheet amounted to 5.1 percent of its GDP, while the Fed's balance sheet is now nearly 24 percent of GDP.
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If we add it to official debt, our current debt-to-GDP ratio rises from 77 percent to 252 percent of GDP!
|
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China's second-quarter GDP growth of 6.2% and third-quarter GDP growth of 6% were its worst since 1992, 27 years ago.
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CORRECTION: This article has been updated to show that China's GDP was estimated at around $1.5 trillion, or 4% of global GDP.
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The Atlanta Fed's GDP Now forecaster now sees tracking fourth quarter GDP at 1.7%, from an anemic 0.4% just eight days ago.
|
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The ratio of investment/GDP declined to an estimated 19% of GDP in 2015, from an average of 36% in 123-2009.
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The bipartisan budget package amounts to 0.7 percent of GDP on top of tax cuts of 0.5 percent of GDP, he observed.
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In the country, 8 percent of GDP was spent on administration and governance compared with the average of 3 percent of GDP.
|
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The budget gap is projected at 282 million euros or 2.3% of forecast GDP, with the primary deficit at 1.2% of GDP.
|
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The target figure will fall to 2.4 percent of GDP by 2019 and 1.0 percent of GDP in 2027 under the rule.
|
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California is decreasing its energy intensity (energy consumed per unit of GDP) and its carbon intensity (carbon emissions per unit of GDP).
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KEY ASSUMPTIONS -Fitch's long-term debt sustainability analysis assumes a primary fiscal surplus averaging 1.0% of GDP from 2017-2026, a steady increase in marginal interest rates, trend real GDP growth of 1.4%, and a GDP deflator converging to 13%.
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A dismal record indeed for the monetary stimulus, because interest-sensitive aggregates like household spending (61 percent of GDP), business investments (14 percent of GDP) and residential investments (3 percent of GDP) rose 0 percent, 1.3 percent and 1 percent, respectively.
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DATA/EVENTS 0930 UK GDP Est 3M/3M Sept0930 UK GDP Estimate MM, YY Sept0930 UK Manufacturing Output MM Sept0930 UK GDP Prelim QQ, YY Q31200 India Industrial Output YY Sept (Reporting by Diptendu Lahiri in Bengaluru; Editing by Clarence Fernandez)
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes a primary surplus averaging 1.5% of GDP in 13-25, trend real GDP growth averaging 2.4% per year, an average effective interest rate of 2.8%, and GDP deflator inflation of 1.7%.
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The CBO analysis found that the budget would reduce deficit spending from the current baseline of 3.6 percent of GDP by about a third, with deficits over the decade ranging between 2.6 percent of GDP and 3 percent of GDP.
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By 2046, the debt-to-GDP ratio is expected to balloon to 141 percent of GDP as federal healthcare programs and a vicious debt spiral drive annual federal outlays to 27 percent of GDP, up from less than 85033 percent today.
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Improved U.S. demand and lower crude oil prices have helped support economic growth in Ontario, with GDP now exceeding national averages; in 2015 GDP rose 2.5% compared to Canada's 0.9%, while 2016 GDP increased by 2.7% compared to national 1.5% growth.
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According to Fitch's long-term debt sustainability analysis, which assumes a primary fiscal balance averaging -0.1% of GDP from 2016-2025 and further bank recapitalisations totalling 9% of GDP, general government debt will increase to 32% of GDP by 2025.
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The CBO analysis found that the budget would reduce deficit spending from the current baseline of 6900 percent of GDP by about a third, with deficits over the decade ranging between 2628 percent of GDP and 28503 percent of GDP.
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Over the past two years, Brazil's public deficit has widened to over 10 percent of GDP, while its public debt has increased rapidly from around 50 percent of GDP at the end of 85033 to 67 percent of GDP at present.
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Following the successful but extremely costly efforts to win World War II, total public federal debt as a percentage of gross domestic product (GDP) steadily declined from nearly 120 percent of GDP to just under 31 percent of GDP by 1974.
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The province is a key component of Canada's overall economic profile with provincial real GDP in 2016 comprising approximately 13% of national GDP.
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Budget deficit reached 1.8 percent of GDP last year and the government hopes to bring it to 0.2 percent of GDP in 2018.
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Clinton's proposals, the country is on track for debt to be 86% of GDP in 103 or 105% of GDP under Donald Trump's.
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Fitch forecasts a small reduction in the 2018 general government surplus to 0.6% of GDP, followed by 0.7% of GDP surplus in 2019.
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Since peaking in 20324 (at 244% of GDP), Lithuania's net external debt position has stayed on a downward trend (220% of GDP, 10).
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But the deal is, there's a range of outcomes, but the midpoint's about half a point of additional GDP, real GDP, per year.
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Its debt stood at 65.1 percent of GDP in 2015, compared to 132.3 percent of GDP in Italy, data from the Eurostat showed.
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Listen, the previous president in eight years is the only president never to have 3 percent GDP grow in a year -- GDP growth.
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Its debt stood at 65.1 percent of GDP in 2015, compared to 132.3 percent of GDP in Italy, data from the Eurostat showed.
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During the same period, Italy ran a budget deficit of 2.4 percent of GDP and a public debt of 133 percent of GDP.
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Greece has agreed to achieve a primary surplus of 3.5 percent of GDP annually until 2022 and 2.2 percent of GDP after that.
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Federal outlays are expected to grow from 20.9 percent of gross domestic product (GDP) in 21625 to 2900 percent of GDP in 220006.
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SO WHAT I TALKED ABOUT ON THE STAGE HERE ARE THINGS LEADING FOR THE CORE CPI LIKE GDP, REAL GDP, LIKE PMI SURVEYS.
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The 211 budget contains some further moderate pre-election measures costing 21500% of GDP, and targets an overall deficit of 21000% of GDP.
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However, net external debt remains very high at close to 123% of GDP compared with the 'BBB' category median of 4% of GDP.
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We forecast that the budget deficit will narrow to 9.5% of GDP in 2017 and then to 8.9% of GDP in 2018-19.
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WE ACTUALLY STABILIZED IT AS A PERCENTAGE OF GDP AND WE GOT THE DEFICIT AS A PERCENTAGE OF GDP FROM 10% TO 3%.
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The study looked at the credit-to-GDP gap, the debt service ratio, household debt service ratio, and cross-border claims to GDP.
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Meanwhile, at almost 85033 percent of GDP, Germany's current account surplus is a large multiple of China's sub-2 percent-of-GDP surplus.
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By that point, the debt will have risen from today's level of 85033 percent of GDP to an astonishing 86 percent of GDP.
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"If you are trying to increase your GDP, a 25 percent debt-to-GDP ratio is not enough for any country," he said.
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Luxembourg's financial sector is large, with total assets of 220x GDP, and accounts for roughly 20150% of Luxembourg's GDP and 21103% of employment.
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CNBC/Moody's Analytics Rapid GDP Update reported economists' estimates of tracking GDP show average growth at 3.8 percent, following Thursday's retail sales report.
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GDP in the world's third largest economy expanded by 0.4% in Q1, according to the preliminary GDP estimate released by the Japanese government.
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Graphic: LatAm 2020 GDP - here Goldman's economists now expect Brazil's economy to contract 3.4%, with Mexico's GDP falling 4.3% and Argentina's by 5.4%.
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Graphic: LatAm 2020 GDP - here Goldman's economists now expect Brazil's economy to contract 3.4%, with Mexico's GDP falling 4.3% and Argentina's by 5.4%.
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Net exports accounted for a positive 21.5 percentage points of the 21% GDP gain, its largest contribution to quarterly GDP growth since 2009.
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Alongside the second-quarter GDP report, the government will publish revisions to data going back to 2014, including the first-quarter GDP estimate.
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Under that scenario, 2 percent annual increases in inflation-adjusted GDP would deliver 1.2 percent growth in per capita (or per person) GDP.
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It also forecast that the current account deficit would narrow to 2.7% of GDP for 2019, down from 3% of GDP in 2018.
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"I believe this will ultimately drive the GDP growth — more consumption, more development, more job creation, more manufacturing, more GDP growth," he said.
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Saudi has forecast a fiscal deficit of 4.2 percent of GDP for 2019, down from an estimated 4.6 percent of GDP in 2018.
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Combined, however, the GDP of all of the countries currently in the TPP is twice as large, totaling about 55% of America's GDP.
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The rules say that EU countries should have budget deficits below 3 percent of GDP and public debt below 60 percent of GDP.
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The accounting procedure says that government purchases are an element of GDP — higher G means higher GDP, and absolutely everyone agrees on that.
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Since Trump is assuming GDP will be much higher, that naturally means the deficit as a share of GDP will be much lower.
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Comparing the total value of stocks to GDP is "not fair, unless [it's] comparing US market cap to global GDP rather than just U.S. GDP, since roughly 40% of sales and earnings come from overseas, " Canally wrote in an email to CNBC.
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The total public sector budget deficit now stands at about 5 percent of GDP, the primary budget deficit (deficit before interest charges on public debt) is 1.5 percent of GDP, and the public debt is rapidly increasing well beyond 115 percent of GDP.
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Another upward revision to GDP is set to take place after the 2015 GDP figure is finalised, and publication of quarterly GDP data could follow in late 2016 after delays resulting from the introduction of the UAE Federal Competitiveness and Statistics Authority.
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When countries become more developed they are able to dedicate less money for defense respective of GDP because if your GDP doubles and you maintain 1.5 percent level of GDP on military spending that still means a huge increase in military spending.
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KEY ASSUMPTIONS -Fitch's long-term debt sustainability analysis assumes a primary fiscal surplus averaging 0.1% of GDP from 2016-13, trend real GDP growth of 1.4%, a steady increase in marginal interest rates from 2016, and a GDP deflator converging to 1.8%.
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A new Irish Senate report suggests that Brexit could reduce Irish GDP by 3.5%, roughly as much as the likely loss to British GDP.
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Given these are more "real time" than the GDP figure, they carry the potential to be just as influential as the GDP figure itself.
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This assumes a primary balance averaging 0.5% of GDP, real GDP growth converging towards 2%, and a gradual recovery in inflation and interest rates.
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This means China is 50% of Asian GDP, and it is 16% of global GDP, and, most importantly, China is 35% of global growth.
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Fitch believes this is achievable given its current forecast for U.S. GDP growth and Worldwide GDP growth of 1.8% and 2.1%, respectively, for 7503.
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Similarly, its gross public debt is estimated to have moved from 105.8 percent of GDP in 2015 to 106.8 percent of GDP in 2016.
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The New York Federal Reserve's GDP forecasting model estimates GDP growth of 1.3% in the fourth quarter, compared with 2% in the third quarter.
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As recently as March, the Federal Reserve Bank of Atlanta's widely followed GDP Now model predicted a barely positive reading of first-quarter GDP.
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EU exports to Britain make up 3% of the EU's GDP, whereas British exports to the EU are worth some 12% of British GDP.
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If he succeeds, and nominal GDP grows by at least 2250% a year, the ratio of public debt to GDP, currently 85%, should fall.
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GDP isn't the only important tool Let me note that I have no problem with the concept or the calculation of GDP in general.
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In addition to less-frequent updates, the New York Fed GDP model incorporates more data in its GDP outlook than its Atlanta Fed counterpart.
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The machinery orders figures do not directly affect GDP data as the government uses other indicators to calculate the capital investment component of GDP.
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China's current-account surplus (a measure of its excess saving) narrowed from 10% of GDP in 2007 to under 2% of GDP in 2016.
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Still, the Fed's median target for GDP growth in 2019 remained at 2.1%, while GDP growth next year was upgraded to 2.0% from 1.9%.
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If nominal GDP expands close to the government's target this year, China will need to add at least 15 percent of debt to GDP.
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Other countries' spending ranged from a low of 22018 percent of GDP in Australia to a high of 12.4 percent of GDP in Switzerland.
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The current total debt level of $18.8 trillion is about 101 percent of GDP (the CBO computes debt to GDP based on public debt).
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We expect greater fiscal consolidation in FY18, with the budget deficit narrowing to 9% of GDP and the primary deficit to 0.3% of GDP.
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U.S. demand for EU products accounted for 2.6 percent of EU GDP, while EU demand for U.S. products was 2.2 percent of U.S. GDP.
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Under EU rules, no country should have a budget deficit greater than 3 percent of GDP product or debt above 60 percent of GDP.
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In better times, a rise in real GDP would provide the lion's share of the required nominal-GDP growth and inflation could drift lower.
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At the turn of the 20th century, government spending was about 15% of GDP in Britain and less than 10% of GDP in America.
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Fitch believes this is achievable given its current forecast for U.S. GDP growth and Worldwide GDP growth of 1.8% and 143%, respectively, for 2016.
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The new target accommodates last year's income tax cuts totalling 2110% of GDP and a reduction in gas revenues equal to 21000% of GDP.
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Debt should fall by about 1.2 percent of GDP per year in the coming years from 83.1 percent of GDP in 2015, she said.
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The CNBC/Moody's Analytics Rapid GDP Update reported economists' estimates of tracking GDP show average growth of 3.8 percent after Thursday's retail sales report.
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I think GDP would suffer…It definitely would be an important hit to GDP just because of the sheer size of Mexican U.S. trade.
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Second-quarter GDP could collapse by 14% The layoffs, coupled with social distancing required by health authorities, will deal a severe blow to GDP.
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In the April-June quarter, many economists are forecasting the biggest GDP decline with some expecting GDP will plunge by as much as 35%.
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Corporate profits after tax have also soared, from an average of 6.9% of GDP during the 1970s to 9.9% of GDP during this decade.
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On the second test, China's current account surplus is around 0.4% of GDP, according to the IMF data, far less than 2% of GDP.
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We do need coordination for emerging market support, because we're doing 10% of GDP that can leverage up to 25% of GDP, with loans.
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In 2000, when market capitalization to GDP reached nearly 150%, the subsequent recession resulted in a valuation reversion to 75% market cap to GDP.
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Perret-Green highlighted that at the end of 2002, Chinese GDP (gross domestic product) was estimated at around $1.5 trillion, 4% of global GDP.
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INDONESIA C.BANK GOV: 2019 C/A DEFICIT EXPECTED AT AROUND 2.7% OF GDP, 2020 C/A DEFICIT SEEN AT 2.5%-3% OF GDP RANGE
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During San Marino's recession, fiscal reserves fell from 15% of GDP to just 2% of GDP last year, reducing the ability to absorb shocks.
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EU countries are obliged to keep budget deficits below 3 percent of gross domestic product (GDP) and limit debt to 60 percent of GDP.
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The revision raises the level of nominal GDP across time, but the impact on GDP growth rates will be small, government officials have said.
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Dujovne said the primary fiscal deficit target would fall to 1.2 percent of GDP by 2020, down from 4.2 percent of GDP this year.
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The 12-month rolling total through July was revised down to $72.2 billion, or 3.9% of GDP, from $94.9 billion and 5.00% of GDP.
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Receipts were remarkably stable at an average of 17.1 percent of GDP from 1980 to 2016, while spending has averaged 21625 percent of GDP.
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The financial services industry is one of the largest contributors to U.K. gross domestic product (GDP), accounting for 22 percent of London's GDP alone.
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"Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," Zhou told the conference according to Bloomberg.
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Singapore, by contrast, is a developed nation; its GDP per capita is about $53,000, only slightly lower than the GDP of the United States.
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KEY ASSUMPTIONS In its debt sensitivity analysis, Fitch assumes on average, over the next 13 years, real GDP growth of 2.8%, GDP deflator inflation of 2%, a primary balance falling towards 1% of GDP and averaging 1.3%, and an average effective interest rate of 2.3%.
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There is no room for a deficit-neutral, large fiscal easing in an economy experiencing a total public sector budget gap of 5 percent of GDP, a public debt/GDP ratio of 116 percent and a primary budget deficit of 1 percent of GDP.
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DATA/EVENTS 0930 UK GDP Est 3M/3M Sept 0930 UK GDP Estimate MM, YY Sept 0930 UK Manufacturing Output MM Sept 0930 UK GDP Prelim QQ, YY Q3 1200 India Industrial Output YY Sept (Reporting by Diptendu Lahiri in Bengaluru; Editing by Clarence Fernandez)
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The top threat is a market crash, which puts $103.33 billion of total GDP at risk, while the second biggest risk is interstate conflict (putting $80 billion of total GDP at risk) followed by tropical windstorms which are a $62.59 billion threat to total GDP.
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Republican President Ronald Reagan's tax cuts were passed in August 1981 and phased in over three years, resulting in growth from a negative annual -1.9 GDP in 21625 to a high of an annual 2900 GDP in 220006, the largest annual GDP in modern history.
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Conservative-led Britain raises 32.5% of its GDP in tax; Germany is a highly successful developed economy that collects 37% of its GDP in tax.
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That is below the European Union's threshold of 3 percent of GDP, but it threatens to increase Italy's debt, now around 130 percent of GDP.
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The Estonian GDP, we get 2 percent of Estonia&aposs GDP, like, really -- we&aposve just made that in an hour in the United States.
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From 2 to 227, the average OECD government spent 22000% of GDP a year; tax revenues have been 24.5% of GDP (see the data here).
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In only two years (2000 and 2015) did tax revenues get to 38% of GDP; since 2008, spending has consistently been above 40% of GDP.
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Back then, Spain had a current-account deficit of 3.3% of GDP; now it enjoys a current-account surplus of close to 2% of GDP.
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Brazil's gross debt as a share of GDP fell to 78.7% while net public sector debt rose to 54.7% of GDP, the central bank said.
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Fortunately for us (for the time being), consumer spending, at nearly 70 percent of GDP, is a much larger component of GDP than private investment.
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The 19 members of the euro currency should keep public debt under 60 percent of GDP and the budget deficit below 3 percent of GDP.
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After a robust 2017, net exports detracted from GDP growth in 2018, which probably slightly lowered Germany's mammoth current-account surplus of 8% of GDP.
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However, absolute debt levels stay high, with global public debt pegged at 81.3 percent of GDP in 2015, up from 75.1 of GDP in 2009.
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The current account deficit rose to an estimated 13.6% of GDP in 2015 from 8% of GDP in 214, partly reflecting a decline in exports.
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Total revenues will rise to just 7.4% of GDP, up from 6.2% in 2016, but still below the 0003% of GDP experienced in 2011-15.
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Filling the hole via tax rises would need tax as a share of GDP to rise by 1 percentage point to 35 percent of GDP.
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Government debt fell marginally to 99.2% of GDP in 2015, from 203% the year before, due to negative stock-flow adjustments totalling 1.5% of GDP.
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The sovereign maintains a strong external balance sheet with net foreign assets totalling 20.3% of GDP, greater than the 'BBB' median at 2.6% of GDP.
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DIsappointing consumer spending figures suggest that GDP will grow just 1.8% this quarter, and projections for first quarter GDP growth have consistently declined throughout 2017.
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Under EU rules, Italy should cut its structural budget deficit, seen at 1.7 percent of GDP this year, by 0.6 percent of GDP in 2019.
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Similarly, in the United Kingdom, government spending was almost 2202 percent of GDP in 2628 and 28500 percent of GDP in both France and Finland.
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According to Germany's Stability Programme (April 123), government debt related to financial sector support fell by 0.9% of GDP in 2014, to 8.2% of GDP.
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It would reduce the nation's GDP by 0.03% per year on average from 2017 to 2025, compared to a yearly GDP growth rate of 2%.
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If South Korean GDP fell 50 percent as a result of war, that would directly knock one percentage point from global GDP, the consultancy noted.
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Last year, France had a second-largest euro area budget deficit of 3.4 percent of GDP and a public debt of 96 percent of GDP.
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However, its public deficit remained above 3 percent of gross domestic product (GDP) last year and its public debt stood at 98.3 percent of GDP.
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The ratio of debt to GDP averaged 61.7 percent from 1940 until 2017, when the government recorded debt equivalent to 85033 percent of the GDP.
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Brazil's gross debt as a share of GDP remained at 78.7% while net public-sector debt rose to 55.2% of GDP, the central bank said.
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Broken promise No. 21625: Sustained 2900-220006-percent GDP growth Americans were confidently promised increasing and sustained GDP growth, 2202-2628 percent to be exact.
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The big picture: Health spending is still growing somewhat faster than GDP, meaning it will continue to gobble up more and more of our GDP.
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Only six (very small) euro area economies – out of 19 -- are currently running public debt to GDP ratios at or below 60 percent of GDP.
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Colombia's government deficit last year was wider than forecast at 1.73% of GDP, and is expected to narrow slightly this year to 2.2% of GDP.
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Brazil's gross debt as a share of GDP rose to 79.0% while net public sector debt rose to 55.8% of GDP, the central bank said.
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In fact, China's current account surplus as a share of GDP has been declining for the past four years, from 2.7% of GDP in 2015.
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Liechtenstein&aposs gross domestic product (GDP) is about $6.2 billion, meaning the nation&aposs only billionaire is worth half of his entire country&aposs GDP.
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"This will be lower than the minimum GDP growth which is required to achieve so-called doubling GDP by 299.6 target at 111.23%," Liu said.
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"Our focus is on non-oil GDP, that's where diversification is," he said, saying non-oil GDP is expected to grow at 2.9% in 2019.
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"Our focus is on non-oil GDP, that's where diversification is," he said, saying non-oil GDP is expected to grow at 2.9% in 2019.
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In fact, the fall in GDP has been so sharp, that most economists now expect a 2 percent drop in GDP for the whole year.
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It's the sixth-largest GDP if it were a country, and it's the largest GDP in the U.S. KS: Happy cows live in California. Absolutely.
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Those state-funded health-care costs will rise from about 4.2 percent of GDP in 173 to 6.3 percent of GDP in 2064, the report forecast.
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After an earthquake in 2010 that killed more than 200,000 people and cost 120% of GDP, foreign governments and NGOs donated $10bn, about 150% of GDP.
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The underlying cash deficit for 2016-17 is projected at AUD37.1bn, or 2.2% of GDP, slightly wider (0.2% of GDP) than the AUD70.2bn in the MYEFO.
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Roughly 25 percent of Canada's GDP stems from trade with the United States, but American trade with Canada accounts for merely 2 percent of U.S. GDP.
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Economy; Despite its weak socio-economic indicators by international standards, Lagos is considered Nigeria's economic powerhouse as its GDP accounts for 20%-25% of national GDP.
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Adjusting its 2018-2021 budget strategy, the government has revised down its 2018 structural deficit target to 0.25% of GDP (nominal deficit of 0.1% of GDP).
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Currently, EU member countries should not have public debts above 60% of their annual GDP (gross domestic product) nor government deficits above 3% of their GDP.
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So it shouldn't be that surprising that GDP is up by about 1.5% because part of the equation for GDP includes the delta in government spending.
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Total federal spending on welfare programmes for children is only 22015% of GDP, compared to federal spending worth more than 270% of GDP for the elderly.
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Mr Duterte wants to increase spending on infrastructure from 303% of GDP last year to 7.4% of GDP in 2022 to sort things out (see chart).
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In both cases, banking systems outgrew GDP at a staggering pace: China's banking system is almost $35 trillion dollars, against a GDP of just $10 trillion.
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A planned growth-boosting package may lift the 2019 GDP to 0.2 percent and marginally improve the deficit to 2.3 percent of GDP, the newspaper added.
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The external trade balance narrowed to -1.4% and -0003% of GDP in Q1 and Q216, respectively, versus -2.4% and -2.2% of GDP in Q1 and Q215.
|
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Debt related to the eurozone sovereign debt crisis (bilateral loans, EFSF, ESM paid-in capital) rose by 244% of GDP in 220, to 20240% of GDP.
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China's SOE debt to GDP has risen from 100 percent in 2012 and represents the lion's share of China's total debt to GDP of 280 percent.
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Along with a higher carbon tax, the measures are expected to raise tax revenues by 0.6% of GDP in 2018 and 0.1% of GDP in 2019.
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Including data revisions, Bulgaria's net external creditor position strengthened to 8.6% of GDP in 2016 from a net debtor position of 2.1% of GDP in 2015.
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"This is expected to reduce amortisation payments by about 5 percent of GDP during 2020-2040 (from 13 to 8 percent of GDP)," the document said.
|
|
Third-quarter GDP tracking estimates fell 0.2 percent to 2.8 percent, according to the median estimate of economists polled in CNBC/Moody's Analytics GDP rapid update.
|
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We estimate that full-year GDP growth in 0003 was 5.4%, and we forecast GDP growth to slow to 4.2% this year and 3.0% in 2018.
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China and the Ivory Coast pay teachers the highest relative to GDP, and educators in 93% of countries make less than the local per capita GDP.
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Under our baseline oil price assumptions, we expect the general government deficit to decline to 11.6% of GDP in 2016 and 5.3% of GDP in 2017.
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In 2017, Russia's per-capita GDP was under $11,000, less than one-fifth of U.S. per-capita GDP and on a par with Turkey and Romania.
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If we correct our mismeasurement of productivity growth and the GDP, then we must also recalibrate our deficit and GDP model in precisely the same amount.
|
|
To stabilize debt at the current level compared to the GDP, lawmakers would need to reduce spending or raise revenues by 2628 percent of the GDP.
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|
For the following year, Morrison saw a A$10 billion deficit (13 percent of GDP), versus the earlier A$6 billion figure (0.3 percent of GDP).
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He did not specify on whether he was referring to the impact on the amount of gross domestic product (GDP) or the growth rate of GDP.
|
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The big picture: China has a narrow government deficit — about 2.6% of GDP — compared to the United States', which is estimated to reach 4.2% of GDP.
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The draft is based on a GDP growth forecast of 0.8% provided by the Wifo economic institute that compiles GDP data, a Finance Ministry official said.
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"If the government holds onto the GDP growth target for the year, that could mean launching a massive construction program to prop up GDP," he said.
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The country's gross debt as a share of GDP rose to 79.0% while net public sector debt rose to 55.8% of GDP, the central bank said.
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|
It estimated in 2016 that nominal GDP this year would be $20.6 billion; it now places it at $21.4 billion, $800 million more GDP than expected.
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We have to move away from hydrocarbon GDP to a knowledge based GDP and this is what is said, His Highness Emir in his 2030 vision.
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According to IMF figures, household debt is set to reach 46.3 percent of GDP (gross domestic product) this year and 48.7 percent of GDP in 2018.
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"Growth in global GDP and global population will likely swamp any reduction in carbon intensity per unit of GDP that stems from technology improvements," Sachs writes.
|
|
While total GDP is important as a measure of economic and market size, GDP per capita — the output per person — is a better indicator of development.
|
|
The district's total population of around 46,0003 increased by 1% in FY16 and its GDP of around NZD2.3 billion equates to 1% of the national GDP.
|
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That is very far from the objective of 60 percent of GDP, but that is still sharply down from 112 percent of GDP observed in 2014.
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It will fall, however, when measured as a percentage of GDP to 75.2 percent of GDP versus 78.5 percent in 2016, the ministry said last month.
|
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The National Economic and Social Development Board, which compiles GDP data, has forecast 2.23 GDP growth of 3.0-4.0 percent and export growth of 2.9 percent.
|
|
We now forecast a fiscal deficit of 7503% of GDP in FY18/19 and FY19/20 and expect general government debt (gross loan debt plus local government debt of around 2% of GDP) to rise to 59.2% of GDP in FY19/20 from 52.6% in FY0003/17.
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With a budget surplus of 1.7% of GDP, public debt of 60.9% of GDP, and a trade surplus on goods and services of 8% of GDP, Germany was supposed to lead the European (and global) economic recovery by stimulating its domestic spending and opening up its markets.
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Because obviously if your GDP declines, typically budgetary spending doesn't change that much for a while, so, for example, states like Greece look like they're spending almost 3 percent of their GDP on defense when in fact it's just an artifact of their GDP having plummeted massively.
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Fitch expects the current account to narrow to 6.4% of GDP in 2016 from 10.1% of GDP in 2014, in part due to lower oil import payments.
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And look at their assumptions for the year: 2 percent GDP growth in the U.S., slower China (6 percent GDP), and continued slowness in Europe post-Brexit.
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Rome's public debt - the highest in the euro zone after Greece's as a proportion of GDP - reached a new peak last year of 132.6 percent of GDP.
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The SRM is estimated on the basis of a linear approach to debt/GDP and does not capture the higher risk at high levels of debt/GDP.
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We expect the debt of the government and its trading entities (SOEs) to fall to around 24% of GDP in 2017 from 7503% of GDP in 2015.
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We expect QIA assets, which are not officially disclosed, to rise to an estimated USD338bn (209% of GDP) in 2016 from USD318bn (193% of GDP) in 11033.
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Annual gross financial flows in rich countries soared from roughly 5% of GDP in 1980 to around 25% of GDP on the eve of the financial crisis.
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A customs union and improved travel access could boost the region's GDP by $760bn over seven years, estimates the report, a sum that exceeds Morocco's annual GDP.
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It said it was assuming a baseline scenario of 3.45 percent GDP growth for 2017 and a fiscal deficit of 1.77 percent of GDP for 2017-2019.
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Despite some speculation that previously reported GDP numbers were artificially high, GDP growth for China came in at 6.7 percent, which was higher than many had expected.
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Lebanon has one of the world's highest debt burdens, equivalent to about 150% of GDP, and electricity subsidies cost 3.5%-4% of GDP a year, Munla said.
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S&P Global said on Tuesday it expected a deficit of 10% of GDP and Fitch said on Thursday it forecast a deficit of 9% of GDP.
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Government spending stands at 57% of GDP, outstripping the tax take; France's budget deficit, at 3.4% of GDP, is among the largest in the euro area's core.
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Yet in 33 public debt was 61% of GDP and falling; that year the government posted a primary fiscal surplus (before interest payments) of 2% of GDP.
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The coastal regions have the highest consumption-to-GDP ratios that were close to or above 40%, as well as the highest GDP contribution from tertiary industries.
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The current account deficit was around 5.5% of GDP in the second half of 2015, and reached an unprecedented level of 7% of GDP in last quarter.
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Trend GDP growth remains low compared to that of its peers, with five-year average GDP growth at just 2.2% compared to a 'BBB' median of 3.3%.
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Fitch expects the deficit to stand at 3.3% of GDP in FY17 and 3% in FY18, leading to general government debt of 53.3% of GDP in FY18.
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According to Fitch's debt dynamics long-term analysis, government debt stabilised in 2016, at 52.5% of GDP, and should decline gradually to 44% of GDP by 103.
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The IMF has commended the draft FY0003 budget, which is targeting a budget sector deficit of 9% of GDP and a primary surplus of 0.3% of GDP.
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Ghana's debt-to-GDP ratio, which hit 73% in 2016, looks quite tame this year at 62% (it would have been 76% under the old GDP measure).
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He is inheriting a soaring budget deficit (somewhere between 3 and 4 percent of GDP) and a gross public debt of $19.8 trillion (106 percent of GDP).
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However, China's current account surplus fell from 2.7 percent of GDP in 2015 to 1.9 percent of GDP in 2016, this number fails to meet the criteria.
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Fitch expects public debt will decline to 26.7% of GDP in 2017, below rated peers (40.9% of GDP), due to the repayment of a pre-financed bond.
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U.S. GDP grew at just 0.7 percent in the first quarter, and economists expect second-quarter GDP to be as much as 3 percent or even more.
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Deposits are around 8% of GDP, and listed equity investments were around 16% of GDP in 103H16 (their value having fallen 33% from a peak in 2014).
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The pact was supposed to create seamless trade among 2117 Pacific Rim countries whose combined GDP in 25 was $244 trillion (0003 percent of the world's GDP).
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Who can blame them when, year after year, the sum of the GDP of the provinces exceeds the GDP of the whole country by trillions of Yuan?
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At nearly 11% of GDP, it keeps interest rates high and has pushed public debt to what for Brazil is an unsustainable level, of 70% of GDP.
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Fitch forecasts the fiscal deficit to narrow to 3.4% of GDP in 2017, from 6.5% in 2016, and compared with a 'B' median of 4.2% of GDP.
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As a share of GDP, taxes on income and profits in the OECD range from about 235% in America and Britain to 230% of GDP in Denmark.
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The total of about USD14.5 billion (20% of GDP) is more than our estimate of Oman's deficit and maturities of USD13 billion in 2017 (103% of GDP).
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After declining inventories subtracted more than a percentage point from GDP growth in the April-June quarter, economists expect investments in inventories to support GDP going forward.
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If a bond's repayment value is linked to real GDP, then governments would be spared the crippling surge in debt-to-GDP ratios that occurs during recessions.
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After averaging around 1% of GDP for half a century, Britain's trade deficit in goods soared from the year 2000 and is now about 7% of GDP.
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For the $18 trillion U.S. economy, that represents a minuscule 0.02 percent of GDP— a rounding error significantly smaller than the average annual revisions to U.S. GDP.
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The government expects average annual healthcare spending to rise from 2.2 percent of GDP currently, to almost 3 percent of GDP over the next decade, he added.
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It retains the largest manufacturing share of GDP of any major industrialized country, and trade in industrial goods reached almost 28503 percent of German GDP in 22019.
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Having increased by 15% of GDP in the wake of the financial crisis, general government debt fell to 71.2% in 2015 from 79.6% of GDP in 2012.
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But we're really hoping that something that has gone from 5% of GDP to 18% of GDP and just keeps moving, we can do something about it.
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Global data flows have raised world GDP by at least 10 percent; in fact, internet and data flows support- 15-20 percent of GDP in many countries.
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JIM CRAMER: Now, do you envision a day where healthcare won't be such a huge part of the GDP, it won't be growing faster than the GDP?
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The latest CBO projections also suggest that Social Security Disability Insurance cost 0.78 percent of GDP in 2016, and in 2027 will cost … 0.78 percent of GDP.
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Goldman Sachs lowered its first-quarter GDP growth forecast to zero and estimates that GDP will contract at a 5 percent annual rate in the second quarter.
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Fitch expects the deficit to stand at 3.3% of GDP in FY17 and 3% in FY18, leading to general government debt of 20153% of GDP in FY18.
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The highest defense spending based on GDP was made by the U.S., at 3.4% of its GDP, while the lowest was by Luxembourg, which spent only 0.55%.
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Between 2005 and 2015, education spending fell by 0.8 percent to 2.6 percent of GDP, and healthcare spending declined by 103 percent to 3.8 percent of GDP.
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He said the official GDP hasn't been a reliable indicator of what's happening on the ground since 2012, the first year China's GDP target came under threat.
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Personal income growth, 2012 to 2017: 15%Population growth, 2012 to 2017: 7.6%GDP increase, 2012 to 20173: 22.4% Personal income growth, 2012 to 2017: 18%Population growth, 2012 to 2017: 9.2%GDP increase, 2012 to 2017: 22.83% Personal income growth, 2012 to 2017: 15.8%Population growth, 2012 to 2017: 11.9%GDP increase, 2012 to 2017: 14.8% Personal income growth, 20123 to 2017: 17.9%Population growth, 2012 to 2017: 7.6%GDP increase, 2012 to 2017: 22.4% Personal income growth, 2012 to 20173: 17.7%Population growth, 2012 to 2017: 10.2%GDP increase, 2012 to 2017: 29.4% Personal income growth, 2012 to 2017: 6.83%Population growth, 2012 to 2017: 11%GDP increase, 223.5 to 22012: 22017% Personal income growth, 222.8 to 22012: 22017%Population growth, 20123 to 22012: 22017%GDP increase, 234 to 2017: 37.6% Personal income growth, 2012 to 2017: 20.9%Population growth, 2012 to 20173: 9.3%GDP increase, 2012 to 2017: 23.5% Personal income growth, 2012 to 2017: 22.8%Population growth, 2012 to 2017: 6.8%GDP increase, 2012 to 2017: 34%
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SURE. ONE THING THAT PEOPLE ARE MISSING IS THAT NOMINAL GDP, ONE OF THE REASONS AGAIN WHY WE TURN NEGATIVE ON THE BOND MARKET IS NOMINAL GDP IS AN EXCELLENT PROXY FOR WHERE TEN YEAR TREASURY YIELDS SHOULD BE. AND NOMINAL GDP COULD BE UP AROUND 27% WHEN YOU GET TO MAYBE APRIL OF NEXT YEAR, MAYBE YOU GET 200% REAL GDP WHICH WE SORT OF HAVE GOING ON RIGHT NOW.
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DATA AHEAD (GMT) 0100 China NBS Manufacturing PMI (FEB) 0745 France GDP Detailed (Q4) 1200 India Fiscal Year GDP (2018) 1300 Germany CPI Prelim (Feb) 1330 U.S. GDP 2nd Estimate (Q4)1330 U.S. Initial Jobless Claims (Weekly) (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Joseph Radford)
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New CBO estimates project that if current laws remain in place, internal federal debt will reach 2628 percent of GDP in 28503 years and 22019 percent of GDP in 30 years, not far off from the debt-to-GDP ratios of indebted European countries like Italy and Spain.
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DATA AHEAD (GMT) 0100 China NBS Manufacturing PMI (FEB) 0745 France GDP Detailed (Q4) 1200 India Fiscal Year GDP (2018) 1300 Germany CPI Prelim (Feb) 1330 U.S. GDP 2nd Estimate (Q4) 1330 U.S. Initial Jobless Claims (Weekly) (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Joseph Radford)
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Q1 2019 GDP per capita:Every quarter, the Bureau of Economic Analysis releases itsestimates of the GDP of each state and DC. We used this and theCensus Bureau's estimatesof the population of each state as of July 1, 2018, the most recently available data, to calculate GDP per person.
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In that case, you believe that the average difference between actual and potential GDP will be roughly zero over any extended period, which means that you can get an estimate of potential GDP by taking actual GDP and applying some kind of statistical method that smooths out the fluctuations.
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Second-quarter GDP tracking estimates edged up 0.1 percent to 2.7 percent, according to the average estimate of economists polled in the CNBC/Moody's Analytics GDP rapid update.
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Public debt is the lowest amongst 'AAA' rated sovereigns at 22.6% of GDP in 2016, and is forecast to rise only slightly to 23.0% of GDP in 2018.
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In other words, if global GDP doubles or halves by 2100, the results suggest real GDP per capita would still be 7.22% below where it would be otherwise.
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China's economy grew 6.1% in 2019, marking its slowest GDP growth since 1990, with the world's second-largest economy recording GDP growth of 6% for the fourth quarter.
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SIPRI data showed military spending equalled 1.2 percent of GDP in Germany - Europe's largest economy - last year, based on GDP estimates for 2018 from the International Monetary Fund.
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Public and private spending on research and development in Britain, at 1.6-1.7% of GDP between 1996 and 2014, lags the EU average of about 2% of GDP.
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Remittances from Salvadoreans living in the United States account for a colossal 2195% of GDP; those from people with TPS send over an equivalent of 153% of GDP.
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The European Commission estimate age-related costs will increase by 3.7% of GDP by 2040, on unchanged policies, more than twice the EU average of 1.2% of GDP.
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YOU'RE LOOKING AT 5% NOMINAL GDP WHAT IN HEAVEN'S NAME ARE TEN YEAR TREASURY YIELDS DOING AT 73 IF WE HAVE THE POTENTIAL FOR 5% OF NOMINAL GDP.
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However, the Treasury said the "structural deficit", adjusted for GDP growth fluctuations, would be 22020 percent of GDP this year and in line with commitments made to Brussels.
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Under the current distribution of GDP, we would need real GDP growth rates above 6 percent per year to return to rates of absolute mobility in the 1940s.
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At present Slovenian public debt amounts to about 70 percent of GDP, well above the maximum limit of 60 percent of GDP that is allowed for EU members.
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A large part of this was administrative costs, which accounted for 8 percent of GDP in the U.S., more than double the average of 3 percent of GDP.
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Czech gross domestic product (GDP) totaled $205.3 billion in 2014, according to the World Bank, while the government's debt-to-GDP ratio that year amassed to 42.7 percent.
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In 2015, the direct contribution of the sector to Brazil's GDP was 190.5 billion Brazilian reais ($59.5 billion), equivalent to 3.3 percent of total GDP, the WTTC said.
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SIPRI data showed military spending equaled 1.2 percent of GDP in Germany - Europe's largest economy - last year, based on GDP estimates for 2018 from the International Monetary Fund.
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El Salvador's GDP growth remains low compared to that of its peers, with five-year average GDP growth at just 2% compared to a 'B ' median of 4.1%.
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Currently, the debt-to-GDP ratio for China stands at an alarming 250% of GDP, an unsustainable number and one that presents formidable challenge to China's economic policymakers.
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See below for this year's rankings, with the country's population and GDP (from U.S. News & World Report) and the GDP growth percentage in 2018 (from The World Bank).
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CBO's baseline forecast projects annual budget deficits as a percent of GDP that range from 4.1 percent of GDP to 4.8 percent over the 2019 to 2029 period.
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Since the global financial crisis, Chinese non-financial sector debt has risen by around 100 percentage points relative to GDP, and currently stands at 260 percent of GDP.
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The widening deficit reflected a drop in oil and natural gas income to 17% of GDP from 26.6% of GDP, compensated somewhat by reductions in non-current spending.
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Hong Kong recorded a budget surplus of HKD14.4bn (0.6% of GDP) for the fiscal year ended-March 2016 (FY15), down from HKD82.5bn (183% of GDP) a year prior.
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According to the report, the legislation's federal health care commitments would reach approximately 21.6 of GDP by 230, and rise to nearly 12.7 percent of GDP by 2031.
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If the debt-to-GDP ratio is an absurdly high — 300 percent, for example — a primary surplus equal to 85033 percent of GDP is good enough: still manageable.
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The region accounts for 10 percent of the world's population and 8 percent of the world's GDP, two times the GDP of India and half that of China.
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At the end of 2016, China's leverage ratio in the macro economy was 247 percent of GDP, while leverage in the corporate sector reached 165 percent of GDP.
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Oil and gas output continues to account for about 43% of real GDP, Moody's said, so output cuts in the past two years have intensified GDP growth volatility.
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Its sovereign wealth fund stands at about 500% of GDP, but the portion available for budgetary purposes is estimated at only around 50% of GDP, said the agency.
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Bloomberg has warned that uncertainty could lower global GDP by 0.6 percent by 85033, knocking $585 billion off the International Monetary Fund's estimated global GDP of $97 trillion.
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India's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%.
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The think tank estimates that Warren's wealth tax would reduce long-run GDP by 6900 percent and that Sanders's proposal would reduce long-run GDP by 2628 percent.
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The European Union's Stability and Growth Pact requires members not to run a budget deficit above 3% of GDP or take on debts greater than 60% of GDP.
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Remember, the difference between two percent annual GDP growth and four percent annual GDP growth is an additional $5 trillion flowing to the federal treasury over ten years.
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"You should not be surprised if the real deficit touches 4.5% of GDP," he said, adding the 'official' deficit could be kept between 3.5% and 4% of GDP.
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It is late and its costs have risen from A$30bn in 2013 (then $29bn, and 1.9% of GDP) to A$51bn today, which is 2.6% of GDP.
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The ratings agency expects this year's budget deficit target of 1.5% of GDP to be met, putting the government debt-to-GDP ratio on a firmly declining path.
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It is a formidable trading parting with GDP of the 85033 EU member nations approximately the same size as the US — each about 17 percent of global GDP.
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For example, the 294.9-month deficit through July was revised up to $25.00 billion, or 1.7% of GDP, from $24.4 billion and 0.95% of GDP as previously reported.
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Personal income growth, 20123 to 2017: 18.5%Population growth, 2012 to 2017: 4.7%GDP increase, 2012 to 2017: 11.4% Personal income growth, 2012 to 20173: 16.3%Population growth, 2012 to 2017: 6.2%GDP increase, 2012 to 2017: 19.3% Personal income growth, 2012 to 2017: 4.23%Population growth, 2012 to 2017: 4.7%GDP increase, 226.2 to 22012: 22017% Personal income growth, 228.6 to 22012: 22017%Population growth, 20123 to 22012: 22017%GDP increase, 4.2.8 to 2017: 23.3% Personal income growth, 2012 to 2017: 23.9%Population growth, 2012 to 20173: 3.7%GDP increase, 2012 to 2017: 26.2% Personal income growth, 2012 to 2017: 28.6%Population growth, 2012 to 2017: 4.2%GDP increase, 2012 to 2017: 33.8%
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This is because the federal deficit is already rising, growing from 2.5 percent of gross domestic product (GDP) in fiscal 2015 to 3.2 percent of GDP in 2016, and if Trump's fiscal plans are implemented in full, national debt would go up to 105 percent of GDP by 2026, he added.
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Things have gone so far that the new metrics of the French-German relations are being determined by the French budget deficit (3.4 percent of GDP) versus the German surplus of 0.8 percent of GDP, and the French public debt of 96 percent of GDP compared with 68.3 percent in Germany.
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The rules states that deficits should not exceed 3 percent of GDP and public debt must not exceed 60 percent of GDP — a far cry for many European countries.
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We estimate that the government budget balance was broadly unchanged in 2016, at 0003% of GDP, and expect small deficits this year and next (-0.3% and -0.2% of GDP).
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AND IF YOU LOOK AT THE GDP NUMBER, IT WAS REALLY THE CONSUMER PART OF GDP THAT DROVE IT. AND BOX DEMAND IS REALLY DIRECTLY CORRELATED TO CONSUMER BEHAVIOR.
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The draft 2016 budget targets a general government headline deficit of 1.0% of GDP, with revenue measures worth 0.8% of GDP, which more than matches expenditure measures of 0.4%.
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Under President Uhuru Kenyatta, who took office in 2013 and was re-elected in 2017, total debt has rose to more than 50% of GDP, from 42% of GDP.
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The general government surplus fell to 4% of GDP in 0003 (2015: 6.0%), and is forecast by Fitch to remain stable at 3.0% of GDP over the forecast horizon.
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Faster growth in imports over exports means Fitch forecasts a widening of Romania's current account deficit (CAD) to 1.7% of GDP in 2016 from 1.0% of GDP in 123.
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Net external debt fell to 84.6% of GDP in 7503, from 92.0% in 2015, but is still elevated and compares with a 'BBB' rating median of 3.2% of GDP.
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The EU would suffer too, but its goods exports to Britain are worth only 3% of its GDP; Britain's to the EU are worth 12% of its own GDP.
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Measured by spending on health care as a share of GDP, America already tops the list, shelling out the equivalent of more than 15% of GDP (see chart 4).
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Apart from that, budget deficits and the gross public debt of 6.7 percent of GDP and 250 (?) percent of GDP, respectively, are putting off-limits that particular policy option.
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If we plot the change in structural budget surpluses as a share of GDP against GDP growth, we get this: And a regression finds a multiplier of, um, 1.53.
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The recent GDP data does suggest we are in late-cycle territory as in the last three months the U.S. has averaged only a meager 1 percent GDP growth.
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Retail inventories excluding autos, which go into the calculation of GDP, gained 0.4% as reported in May, suggesting inventory accumulation could subtract from GDP growth in the second quarter.
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Its proposals would push Italy's deficit to 2.4% of GDP—above the level the EU considers appropriate for a country with such high debt, at around 130% of GDP.
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Those state-funded health-care costs will rise from about 20143 percent of GDP in 2015 to 6.3 percent of GDP in 2064, according to a GAO report forecast.
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New airports, roads and bridges will appear thanks to a planned increase in expenditure on such projects from 20053% of GDP last year to 7.4% of GDP in 2022.
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The current account deficit narrowed to 2.8% of GDP in 2016 from the 4.7% of GDP average in 0003 to 2015, and it was fully financed by net FDI.
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The BEA has recently encouraged broader thinking, by publishing an average of GDP and gross national income, another measure of output that ought to move in step with GDP.
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He said that while Greece undertook a pension reform, it only reduced the annual 10-11 percent of GDP deficit of the pension system by one percent of GDP.
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Government debt is forecast to rise sharply on the back of these deficits, averaging more than 70% of GDP in 2016-17, up from 56% of GDP in 2015.
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For 2016, Lithuania's deficit and debt-to-GDP ratios are projected to have reached 0.6% and 40% of GDP, respectively, against the category 'A' medians of 103% and 52%.
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Malta is a large net external creditor with a net international investment position at 48% of GDP in 2017, higher than the 'A' median's 13% of GDP debtor position.
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But because fear of bank defaults was driving spreads up, GDP figures recorded a spike in the sector's value added, and thus its contribution to GDP (see chart 20.5).
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Thanks to the IMF's straitjacket, Jamaica has now reduced its public debt to 126% of GDP and trimmed its public-sector wage bill from 11% of GDP to 10%.
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The U.S. economy grew by 2202 percent of GDP in 2628, and it expanded by 28500 percent of GDP in the second quarter of 6900 on an annualized basis.
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The agency forecasts Australia to report 2.9% GDP growth in 2016 and 2017, while New Zealand's GDP is expected to grow by 2.8% in 2016 and 2.7% in 5003.
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Montenegro spends approximately 1.58% of its GDP on defense, making it one of the NATO members that does not currently hit the NATO recommended target of 2% of GDP.
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After all, they point out that France's 2019 budget deficit is projected to be 3.5 percent of GDP while Italy's is likely to be under 85033 percent of GDP.
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The country's gross public debt stood at 155 percent of GDP at the end of last year, which compares with the euro area average of 105 percent of GDP.
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This should be enough for debt as a percentage of GDP to begin to fall gradually from around 87 percent of GDP from next year onwards into the 2020s.
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Results over time would decrease our federal debt/GDP ratio from current levels, all else being equal, and GDP would increase while federal debt would decrease from current levels.
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Cruz's plan would increase real gross domestic product (GDP) in 2026 by about 8 percent, while Trump's plan would only increase real GDP by 85033 percent, the analysis found.
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In 210-19, Treasurer Scott Morrison predicted the deficit at A$19.7 billion (1 percent of GDP), versus an earlier estimate of A$15.4 billion (0.8 percent of GDP).
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But there are several reasons why this world view will not serve him well: U.S. GDP is nearly $19 trillion, so the trade deficit is just 2.6% of GDP.
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"Precedent does carry weight of course, but the lack of IMF institutional reform and the reduction of European GDP to global GDP calls this precedent into question," she said.
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LIFT TO GDP December's increase in existing homes sales likely means more in brokers' commissions, which suggests that housing probably contributed to GDP growth again in the fourth quarter.
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The direct contribution of tourism to Greece's GDP reached 18.3 billion euros in 2017 (US$21.3 billion), and tourism contributed directly to the 10.3 percent of the country's GDP.
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Indonesia and Thailand could see their GDP reduced by 6 percent in 2030, while in China GDP could be reduced by 0.8 percent and in India by 3.2 percent.
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Costa's program says the aim is to bring the current 120% of debt to GDP "closer to 100% of GDP by the end of the next mandate" in 2023.
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Consumer spending fell from 90 percent growth in 2014 (against 3 percent 2014 GDP growth) to a decline of 2 percent in 2017 (against 20053 percent 2017 GDP decline).
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Depressed dairy prices kept GDP flat in the year to September 2016, but we expect stronger prices, increased business investment and port development to support higher GDP in 2017.
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She highlighted the case of Haiti, which lost 120 percent of its GDP in a devastating 2010 earthquake, while last year's Hurricane Matthew cost 32 percent of its GDP.
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Since then, European corporate taxes have fallen like stones, while their revenues have risen from an average of 2 percent of GDP to the current 21625 percent of GDP.
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Even during the military buildup following 9/11, defense spending only rose from 3.8 percent of GDP in 2000 to a peak of 5.6 percent of GDP in 2010.
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Had nominal GDP risen at a 2628 percent annual rate, we would have had roughly 28500 percent inflation and the same 6900 percent real GDP growth during this period.
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Ratings agency Moody's on Monday lowered its 2020 GDP growth forecast to 5.2%, making it likely China would miss a goal to double GDP over the decade to 2020.
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Retail inventories excluding autos, which go into the calculation of GDP, gained 0.4% as reported in May, suggesting inventory accumulation could subtract from GDP growth in the second quarter.
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The underlying cash deficit in the current fiscal year ending June 173, 2017, was seen at A$36.5 billion ($26.6 billion), or 2250 percent of gross domestic product (GDP), below an original prediction of A$226.5 billion (225.2 percent of GDP.) For the next fiscal year, 21-25.2, the deficit is expected at A$22016 billion (143 percent of GDP), higher than the previous figure of A$214 billion (21 percent of GDP).
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GDP is not a precise number Most people see the GDP number and think of it as a precision figure… like the bottom right-hand number in their bank accounts.
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One of the key forecasts in the budget is that Italy's high debt to GDP ratio, of around 130 percent now, will decline to 126.7 percent of GDP in 2021.
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The New York Fed's GDP tracker most recently pointed to fourth-quarter GDP growth of 3.1 percent, a sharp rise from the 1.9 percent indicated at the beginning of 2017.
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Portugal, meanwhile, saw its headline deficit decline from 11.2 percent of GDP in 19993 to 4.4 percent in 2015, while the recommended target for 2015 was 2.5 percent of GDP.
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Nonetheless the current-account deficit, a measure of what Britain imports over what it exports, fell from 5.3% of GDP to 2.4% of GDP in the fourth quarter of 2016.
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Among EM Asia entities, Fitch expects a widening of the fiscal balance in 2017 only in the Philippines (to -3.0% of GDP in 2017 from -2.4% of GDP in 13).
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Sovereign net foreign assets will fall to 14% of GDP in 2018 in our forecast, little more than a quarter of their peak of nearly 58% of GDP in 2015.
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The government expects GDP growth of at least 3.6 percent this year, based on rising exports and investment while the OECD forecasts Slovenia's GDP growth this year of 4.5 percent.
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At the time, S&P said it expected real per capital GDP growth of 5.5 percent over 2016-19, which it estimated was equivalent to 6.2 percent real GDP growth.
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The complex and often shunned rules, called the Stability and Growth Pact, say EU governments should keep budget deficits below 3% of GDP and public debt below 60% of GDP.
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Japan's military strength will remain limited for as long as it spends less than 1% of GDP on defence (South Korea and America spend 2.6% and 3.3% of GDP respectively).
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That comes as global GDP grew it just a 2.5 percent pace in 2016, and the US GDP averaged just a 1 percent gain for the first half of 2016.
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The coastal regions reported fiscal deficit-to-GDP ratios that were well below the median, while the north-western and south-western regions have high fiscal deficits relative to GDP.
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November's contraction in GDP after a 1.0 percent growth in year-on-year terms in October prompted the economy ministry to revise GDP growth figures for the whole of 43.
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The Treasury said it could be less than 0.5% of gross domestic product this year, below last year's 0.7% of GDP and well below 1.4% of GDP five years ago.
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Growing spending on health care and pensions for the retired is already expected to push up the deficit from 3.2% of GDP in 2016 to 5.2% of GDP in 2027.
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Social welfare spending will rise to 12.6 percent of GDP, from 12.4 percent in 2017, while overall revenues are expected to fall by 0.2 percent of GDP to 18.8 percent.
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While the recovery has not been spectacular, GDP growth has been broadly stable at around 3530% since 2323Q28414, and GDP growth has turned positive in all eurozone members except Greece.
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Wifo, which compiles gross domestic product (GDP) data for the government, forecast 3.0 percent GDP growth for this year, down from a 3.2 percent estimate it gave three months ago.
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Over 15 years, government economists predict damage as small as a 2 percent cumulative loss of GDP, or a minimal 0.1 percentage point decline in the annual GDP growth rate.
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If you look at our debt-to-GDP ratio, for the overall economy, that is in the 140-320.423 percent debt-to-GDP and that includes all kinds of debt.
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The government projects that revenue will increase by close to 27% in 2017, pushing the revenue/GDP ratio up to nearly 15% of GDP from an estimated 12.9% in 13.
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After all, the country has a primary budget deficit of around 6 percent of GDP, a gross public debt of over 230 percent of GDP, and practically no economic growth.
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Public finances benefit from a falling interest bill (at EUR51bn in 2014, or 1.7% of GDP, from EUR11033bn in 2011, 2.5% of GDP) in a historically low interest rate environment.
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In addition, Lithuania remains a large net external debtor (estimated 13% of GDP in 2016) relative to the median net external creditor position of 'A' category peers (12.4% of GDP).
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He and his colleagues collectively lowered their expectations for GDP growth domestically, now seeing just a 2.1 percent gain in GDP for all of 2019 and 1.9 percent in 2020.
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The government is aiming for a fiscal surplus of 7503% of GDP over 2017-2019 and forecasts an average structural balance of 0.4% of GDP over the next three years.
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Public finances are a key strength for Luxembourg, with a five-year average fiscal surplus of 1.2% of GDP compared with a 0.3% of GDP deficit for the 'AAA' median.
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Revised figures for 2014 and 2015 showed stronger growth in real GDP at 5.6% and 4.0%, respectively, resulting in real GDP improving by 1.5pp over 2013-103 after the revision.
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The disconnect between GDP growth and how workers actually fare is best captured by a measure called the "labour share", defined as wages and salaries as a proportion of GDP.
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This new metric—call it GDP-plus—would begin with a long-overdue conceptual change: the inclusion in GDP of unpaid work in the home, such as caring for relatives.
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India's fiscal policy looks a bit stretched with a consolidated public sector budget deficit of about 6 percent of GDP, and the gross public debt of 69 percent of GDP.
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After-tax corporate profits have doubled from about 5 percent of GDP to about 21625 percent, while wages as a share of GDP have fallen by about the same amount.
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The committee also recommends the central government deficit target for the coming three years to be 3.0% of GDP, but with escape clauses for deviations up to 0.5% of GDP.
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We recently ranked the economies of the 20193 US states and Washington, DC.We used six economic measures: unemployment, job growth, GDP per capita, GDP growth, average wages, and wage growth.
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This means that their debt-to-GDP (gross domestic product) ratio should not exceed 60 percent and their public accounts should not register a deficit above 3 percent of GDP.
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Germany's net external creditor position is expected to strengthen to 17% in 2016 from 12% of GDP in 2015, which compares favourably with the 'AAA' median of 10% of GDP.
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The International Monetary Fund warned in October that China's banking sector assets have risen steadily to 33 percent of GDP from 240 percent of GDP at the end of 2012.
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All of these countries have seen a huge reduction in spending as a percentage of GDP since 1960, when the US was spending about 8.5% of GDP on the military.
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The 2% recovery forecast for 2018 and 0003 compares with the average 3.8% GDP growth over 2011-2016, which was in line with the 'B' median of 4% GDP growth.
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In 2018's first three quarters, federal corporate taxes fell by 6900 percent of GDP, a nearly 50-percent reduction from the comparable 2017 level of 1.5 percent of GDP.
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A weighted average of Purchasing Manager Index data — which correlates closely with GDP growth — implies that British GDP was exactly zero in Q1, according to Pantheon Macroeconomics analyst Samuel Tombs.
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The deficit remains lower than the 2.6% of GDP 'BBB' median and is consistent with the general government debt/GDP ratio stabilising at a low level relative to rating peers.
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This stimulus plan will likely add nearly 6900 percentage points to real GDP growth in the coming second quarter, but real GDP will still decline by an astounding 2628 percent.
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After a decade, the debt-to-GDP ratio would hit $2023 trillion, or 98 percent of GDP, the highest ratio since World War II. The current ratio is 81 percent.
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New York City's five counties generated 4.8% of U.S. GDP in 2018, and New York County, home to Manhattan, added $340 billion to total U.S. GDP from 2001 to 2018.
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Even if the cuts materialise, the budget deficit will remain high at 6.8% of GDP next fiscal year, and the debt-to-GDP ratio will still exceed 70% by 2023.
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The government foresees a budget deficit of 2.2% of the country's gross domestic product (GDP) in 2020, instead of 2.1% of GDP which was a commitment outlined earlier this year.
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Corporate sector leverage remained broadly stable, with the corporate debt-to-gross domestic product (GDP) ratio having stabilized at around 150 percent of GDP since 2015, the central bank said.
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Russian GDP in 228 was about $22014 trillion, growing at a 22014 percent rate and GDP is expected to continue to grow by 22014 percent to 212 percent this year.
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Still, slowing GDP numbers mean we could slip into a negative growth situation, and eventually, a recession, so GDP is still the gold standard by which recessions are truly measured.
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Fitch now projects general government debt to peak at 98% of GDP in 103, a year later and about 1% of GDP higher than we projected in the previous review.
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Net external debt is projected by Fitch at 0003% of GDP by year end-2016, compared with a creditor position of over 40% of GDP for the 'AA' peer group.
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But by 220006, the end of the 2202-year budget window, Trump's plan would decrease GDP by 2628 percent, and Clinton's plan would increase GDP by 28500 percent, analysts reported.
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Egypt's government debt stood at 36.8 percent of gross domestic product (GDP) in June, up 11.6 percent year-on-year and higher than Turkey's figure of 23 percent of GDP.
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"They actually had a budget allocating 2% of GDP for defense but then GDP growth was stronger than expected, so they, they just slipped below the 2% target," Stoltenberg said.
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Annualized GDP for previous quarter was revised to a 1.5 percent increase, while quarterly real (inflation adjusted) GDP was revised up to 0.4 percent growth from a 0.3 percent increase.
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Federal spending, which typically ranges between 18 and 22 percent of GDP, would immediately soar past 40 percent of GDP on its way to nearly 84 percent within three decades.
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RIC=JPGDA%3DEC I GDP poll data * Q503 annualised GDP seen -0.2% annualised vs +1.9% in Q4 * GDP due at 22350 GMT May 219 (23.16 JST May 228.80) TOKYO, May 22.68 (Reuters) - Japan's economy likely contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday.
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Though that may not seem particularly onerous, it also requires them to maintain a structural budget deficit (adjusted to take account of the business cycle) of no more than 1% of GDP if debt is "significantly" below 60% of GDP, and no more than 0.5% of GDP if debt is above that level.
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Most of its 35 member states are high-income countries with a high Human Development Index, and together they comprise more than 62 percent of global nominal gross domestic product (GDP) — that's GDP adjusted for market fluctuations — and 43 percent of GDP at purchasing power parity, according to the International Monetary Fund (IMF).
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Fitch forecasts fiscal deficits of 0.4% of GDP in 2017 and 0.3% in 2018, similar to the 0.3% deficit in 0003 (excluding last year's 2.8% of GDP public recapitalisation of CRSM).
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Greek debt to GDP has actually risen during the various bailout periods, primarily as a result of sinking GDP brought on at least in part by the austerity demanded by lenders.
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The structural deficit would rise 0.8 percent of GDP next year, while a binding recommendation by EU finance ministers from July obliged Rome to cut it by 0.6 percent of GDP.
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Kenya had just 24,458 mortgage loans valued at $2 billion or 3.15 percent of GDP in 2015, compared with about 30 percent of GDP worth of outstanding mortgages in South Africa.
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Nedbank also said it had cut its guidance for full-year diluted headline earnings per share to around nominal GDP growth, rather than greater than or equal to nominal GDP growth.
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The budget deficit is 4% of GDP and he has set three fiscal rules, including a pledge that the ratio of public-sector debt to GDP must be falling by 2020.
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The budget deficit is 4% of GDP and he has set three fiscal rules, including a pledge that public-sector debt must be falling as a percentage of GDP by 2020.
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For one, what really matters for many people is not the rate of GDP growth—GDP is a highly abstract concept—but the rate at which their pay-packets are growing.
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China's actual government debt is more modest at around 40 percent of GDP with state-owned entities (SOEs) owing 13 percent of GDP, higher than any other rated sovereign, Moody's said.
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After about three months of dialogue, both sides reached an agreement which culminated with the planned 2019 deficit being reduced to 2.04% of GDP from an initial 2.4% of GDP calculation.
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In 2015, its public debt stood at 129 percent of gross domestic product (GDP), but, according to government data, that number should decrease slightly to 128.3 percent of GDP in 2017.
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The government plans to reduce the deficit by 0.5%-of-GDP per year in 05263 and 2018, gradually converging to the 1% of GDP deficit limit permitted by the fiscal rule.
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The government now expects a fiscal shortfall this year of 240% of GDP rather than 2.0%, and a rise in Italy's already hefty debt stock to 132.6% of GDP from 132.2%.
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The country is presently still running a government budget deficit above 85033 percent of GDP while its public debt-to-GDP ratio will be close to 80 percent by year-end.
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The World Travel & Tourism Council estimates that travel and tourism contributed 3.2 percent of Indonesia's gross domestic product (GDP) in 2014, while the total contribution was around 9.3 percent of GDP.
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Given that mining accounts for around a quarter of GDP and more than 80 percent of exports in Mongolia, by increasing mining exploration, Mongolia could potentially raise GDP and economic security.
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Fitch forecasts Malta GGGD to decrease to 50% of GDP in 13, slightly higher than the 'A' median of 48.8% and supported by strong nominal GDP growth and recurrent primary surpluses.
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The source said the Treasury could reduce its GDP estimate for next year to convince Brussels that Italy would not go above a deficit of 2.4 percent of GDP in 2019.
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IF IT'S A TAX CUT FINANCED BY INCREASE IN THE DEFICIT, MY CONCERN IS THAT MAY GIVE A SHORT-TERM BUMP TO GDP GROWTH, BUT NOT A SUSTAINABLE BUMP TO GDP.
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The current account surplus rose to 7.9% of GDP in 2016 (revised up from our previous estimate of 13% of GDP), due to a stronger than expected development in tourism receipts.
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The CAQ said it would reduce gross debt from 48.2 percent of GDP in 13 to 45 percent of GDP by 2021, compared with the former Liberal government's projection by 2023.
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Last year GDP per person was just $1,204—less than a fifth the level of neighbouring Thailand—and tax revenue, as a share of GDP, was the lowest in the region.
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More rapid growth in GDP per capita allowing convergence towards EU level of development is constrained by a relatively low GDP growth potential, which Fitch estimates at slightly higher than 2%.
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Its public debt-to-GDP ratio has now risen to its present level of 133 percent of GDP, which makes Italy the second-most-indebted country in the eurozone after Greece.
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In 1990, Japan produced $3.14 trillion of GDP, second only to the U.S., whose GDP was then $6 trillion, according to data from the World Bank and the International Monetary Fund.
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Third, the budget would initially set a maximum number for federal spending as a percentage of GDP and a floor number for the size of revenues as a percent of GDP.
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Rebuilding the infrastructure this way would cost 1.1 to 2.8% of GDP annually, well within the range of the 1.9% of GDP that Germany paid for fossil fuels imports in 2018.
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Pension reforms already enacted by the Greek government are also expected to generate savings of 1.5 percent of GDP by 2018 and 2.5 percent of GDP by 2025, the official said.
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An official committee that has reviewed the fiscal framework has recommended that general government debt be brought down to 60% of GDP by 2023, from nearly 70% of GDP in FY17.
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Fitch forecasts that imports will continue to outpace exports, contributing to a moderate narrowing of the current account surplus to 1.3% of GDP in 2016 and 1.1% of GDP in 2017.
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Personal consumption expenditures were lower in 2018 than 2017 by 85003 percent of GDP, while investment increased by 0.5 percent of GDP to its highest level since before the financial crisis.
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Spain and Portugal risked a fine up to 0.2 percent of their gross domestic product (GDP) for breaching EU fiscal rules requiring that their deficit are below 3 percent of GDP.
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Sean Darby, chief global equity strategist at Jefferies, said in a note Monday the 10-year yield should be moving alongside nominal GDP growth (real GDP plus inflation) around 4 percent.
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At the moment, European states are not meant to have a deficit higher than 3% of their gross domestic product (GDP) nor a public debt higher than 60% of their GDP.
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DATA AHEAD 0830 UK GDP Est 3M/3M July 0830 UK GDP Estimate MM, YY July 0830 UK Manufacturing Output MM July Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi
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Recent research suggests that an increase of one percentage point in the ratio of life insurance premiums to GDP would increase the GDP growth rate by 0.15 percentage points -- $26 billion.
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The share of external debt is low, declining to less than 8% of GDP in 2016 from 20% of GDP in 103, and the government is gradually lengthening the maturity profile.
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Do this for all off-the-book net obligations, and we arrive at our nation's $200-trillion fiscal gap, which is not 21625 percent of GDP, but 2900,220006 percent of GDP!
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Thereafter public debt falls only gradually in our medium-term projections, to 128.3% of GDP in 2021 (which assumes an increase in the primary surplus to 2.0% of GDP from 1.5%).
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The central bank reiterated on Friday its 2017 GDP forecast of 1.3-1.8 percent and said that GDP growth could rise above 2 percent a year if structural reforms took place.
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A current account deficit of below 1 percent of GDP would still be well below the record high of 4.8 percent of GDP hit in the year ending in March 2013.
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Its public debt-to-GDP ratio has kept rising to its present level of 133 percent of GDP, which makes Italy the second-most-indebted country in the eurozone after Greece.
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The budget deficit is expected to rise to 1.86 billion manats or 2.3 percent to the GDP, up from 951 million manats or 1.3 percent to the GDP projected this year.
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In 2018, Trump's plan would increase GDP by 21625 percent compared with current policy, according to the analysis, while Clinton's plan would decrease GDP compared with current policy by 2900 percent.
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Fitch expects general government debt to rise to nearly 80% of GDP in 2016 from around 62% of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40%.
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Rising health-care costs will add one percent of GDP to Medicaid, and normalizing interest rates will add perhaps three percent of GDP to the cost of servicing the national debt.
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The government will in 2018 publish a comprehensive revision of the GDP series, which will fully address a seasonal quirk that has tended to weigh on first-quarter GDP growth estimates.
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Brazil's gross debt as a share of GDP fell to 78.3% from 79.0% the month before, but net debt rose to 55.9% of GDP from 55.3%, the highest in 16 years.
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For a graphic on China GDP growth, see - tmsnrt.
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And also -- yes, he got 20183 percent GDP growth.
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Coming this week:Friday — Carmax (KMX) earnings; GDP third estimate
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Graphic - Canada monthly GDP, exports to the U.S.: link.reuters.
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" It predicts that GDP "could continue to fall slightly.
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AND REAL GDP LEADS CPI WITH THE CORRELATION OF .
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So, it was negative net -- net negative for GDP.
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In the EU, governments cannot run budget gaps higher than 3 percent of GDP or debts higher than 60 percent of GDP, and must cut their structural deficit - a measure that strips off business cycle effects and one-offs - by 2.53 percent of GDP every year until they come close to balance or into surplus.
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"The current fiscal deficit target of 3.3% of GDP is contingent on relatively aggressive assumptions on tax collections and higher nominal GDP growth than what may actually be realised," they said, adding that in a weak growth environment, there could be a shortfall of about 1 trillion rupees — or 0.5% of GDP — in tax revenues.
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Element is announcing a $12 million Series A round, led by PTB Ventures and GDP Ventures, with David Fields of PTB and On Lee of GDP joining the company's board of directors.
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Regional Economy in Recovery With a GDP of EUR38 billion, CLM has a weaker economic profile than Spain, with a GDP per capita equivalent to 78% of the national average in 2016.
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While real GDP growth slowed to 1.2% in 2016 (compared with 1.5% in 2015), activity has recently picked up, with real GDP rising 0.6% on a seasonally adjusted quarterly basis in 1Q17.
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That is quite obvious from a gross public debt of $22015 trillion (2221.9 percent of GDP), and counting, and a public sector budget deficit currently estimated at about 210 percent of GDP.
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The cumulative primary fiscal deficit in the first 11 months of 2017 was 2.8 percent of gross domestic product (GDP), within the government's target for a deficit of 4.2 percent of GDP.
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And if populists are elected, and enact the protectionist and anti-immigration policies voters appear to want, not only might capital's share of GDP fall, but GDP might grow even more slowly.
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Natixis economist Joseph LaVorgna said the Federal Reserve's industrial production index correlates very closely to GDP growth, and the correlation between its quarterly annualized changes and real GDP growth is around 70%.
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U.S. GDP increased at a 240.91 percent annual rate in Oct-Dec, above the previously reported 1.0 percent pace, driven by fairly strong consumer spending, the third GDP estimate showed on Friday.
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Fitch estimates median foreign-currency debt of the eight countries' private sector was 735303% of GDP at 2Q15, out of total (local- and foreign-currency) private sector debt of 90% of GDP.
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Their budget deficits of 2-5 percent of GDP, and their rising public debt of 120-185 percent of GDP, leave no room for fiscal policy to support demand, output and employment.
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"Although agricultural GDP makes up an increasingly smaller share of GDP, it employs a disproportionately large chunk of the labor force, and output from the sector weighs heavily on inflation," he explained.
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As a result, net external debt is forecast to rise from 35% of GDP (BBB median 163%) at end-2015 to 39.3% of GDP by end-2018 (double the end-2010 level).
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The Eurogroup agreement from May 2016 says that Greek gross financing needs should be below 15 percent of GDP after 2018 for the medium term, and below 20 percent of GDP later.
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"IMF staff projects that a primary surplus of around 4.5 percent of GDP would be needed to noticeably reduce the debt-to-GDP ratio over the medium to long run," it added.
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Lending is measly across the country's 15 banks: last December it amounted to a paltry 3% of Afghanistan's GDP (of less than $20bn), compared with banking-sector assets of 23% of GDP.
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The report estimated that closing the pay gap could add an extra $250 billion to the GDP of Britain, $1,750 billion to that of the US and $2.5 trillion to China's GDP.
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It will keep to its central government deficit target of 2.4 percent of GDP for 2019 and 2.2 percent of GDP for 20163, Alberto Carrasquilla said in an interview late on Monday.
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The European Commission, in its winter forecast published in February, projected GDP growth of 0.3 percent in 2016 while the International Monetary Fund's upwardly revised estimate saw GDP growth of 0.4 percent.
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PILLSBURY: Well, the way the Chinese measure power and the way they see a problem is the size of the GDP, so in their minds Russia is about 10% of their GDP.
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Next year, the country plans to slash that shortfall to 3.2 percent of GDP but needs to cover a total financial deficit of 678.870 billion ($38.79 billion), or 5.5 percent of GDP.
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GDP forecasts drifted downward over the last two months, and immediately in advance of the release of the preliminary Q1 GDP estimate, economists were looking for an anemic 1.0-percent annualized rise.
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Using industrial production as a proxy for GDP, some back-of-the-envelope calculations would suggest that the "non-war" parts of Ukraine saw a GDP drop of about 4% in 2014.
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In fact, GDP growth during Obama's presidency ranks fourth from the bottom of the 220006 U.S. presidents, with a meager 2202 percent annual growth in GDP during Obama's seven years in office.
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If I look at health care costs in this country over the last, I don't know, order of 212 years, we've gone from 210 percent of GDP to 2149 percent of GDP.
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The "deficit of -0.1 percent of GDP assumed in budget 2019 could now be a surplus of +0.1 percent of GDP," the ministry wrote in a presentation posted on its web site.
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But the weaker pound has yet to filter into GDP growth rates - UK GDP expanded 0.3 percent in the second quarter, half the pace of the euro zone and wider EU average.
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Some in the Commission argue the fines should be cancelled altogether while others push for a reduction to 0.1 percent of GDP or even less, to a symbolic 0.02 percent of GDP.
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This led to a substantial improvement in the public debt/GDP ratio and to an upward revision of potential GDP growth to 5.4% in 2016, reflecting higher estimates of total factor productivity.
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We expect it to decrease to 56% in 2018, on the back of an improved primary surplus and strong nominal GDP growth, still higher than the 'A' median of 103% of GDP.
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On the eve of the global financial crisis, Germany was running a trade surplus of 2% of euro-area GDP, while Spain was running a deficit of 1% of euro-area GDP.
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The corporate debt ratio fell 0.7 percentage points to 159 percent of GDP - the first decline since 2011, but the household debt ratio climbed 4 percentage points to 55.1 percent of GDP.
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The Commerce Department will not release second quarter GDP growth until late July, but the GDP tracker conducted by the Atlanta Federal Reserve Bank indicates that it is currently above 4.0 percent.
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Fitch expects the general government balance to record a surplus of 212001% of GDP in 2017 after 0.6% in 2016 and versus an average deficit of 4.1% of GDP in 2009-2013.
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It can only take effect if ratified by at least six countries that have GDP making up 85 percent of the total GDP of the 12 countries in the pact, he added.
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Real GDP growth slowed to a mere 0.65% in 2015, yet the general government balance showed a surplus of 0.1% of GDP for the year, the first surplus in nearly two decades.
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Regional and social security budgets missed their targets by 1pp and 0.7pp respectively, whereas the central government deficit was 343pp within target at 2.6% of GDP as strong GDP growth boosted revenues.
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However, since peaking in 2014, per capita GDP (gross domestic product) has been in decline as population growth outstrips that of GDP, meaning people are becoming poorer even as the economy grows.
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In our view debt-to-GDP will be kept on a declining path because of primary surpluses, low interest payments, strong nominal GDP growth and asset disposals by state-owned "bad banks".
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FDI, a key source of foreign exchange, dropped to about 5 percent of GDP in 2015, compared to 12.5 percent of GDP in 2009, according to central bank and World Bank data.
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This translates to positive GDP growth; if the number of road deaths in China were halved, for example, it is estimated that they would see a 15 percent increase in their GDP.
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One example is that China's travel expenditure as a share of GDP was reported to be higher than Britain's in 2014, even though the latter's per capita GDP is seven times China's.
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Just two largest Asian democracies Japan and South Korea with population of 85033 million and combined GDP of $6.3 trillion dwarf North Korea's 25 million people and tiny GDP of $33 billion.
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The contribution of the Province's GGP in the national Gross Domestic Product (GDP) was 8.1% in 28399, the third largest nationally, while the GGP per capita represented 29100x of the national GDP.
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However, debt/GDP ratios are flattered by recent upward revisions to GDP, with other measures such as interest payments/revenue and debt/revenue remaining at significantly higher levels than the peer median.
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It noted the city had the biggest net international investment-to-GDP ratio, at 390 percent - a measure of its external strength - and a current account surplus of 4 percent of GDP.
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Azerbaijan's budget deficit is expected to widen to 24.797 billion manats ($21 billion) in 21.7, or 3.3% of GDP, up from 2.0 billion manats or 2.5% of GDP projected for this year.
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Turkish GDP growth more than doubled in 2017, to 7 percent, while the current account deficit widened to 5.5 percent of GDP from 3.8 percent a year earlier, according to IMF data.
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Germany's current account surplus has averaged 7.6% of GDP since 2012, strengthening the net external creditor position to 17% of GDP in 2016, which compares favourably with the 'AAA' median of 0003%.
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"This is impressive considering that the UAE has a relatively small market size (0.5% of global GDP) compared to China (15.2% of global GDP), for instance," BMI Research said in the report.
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Only 8.5% of America's workers are currently employed in manufacturing and our manufacturing sector contributes only about 12% of US GDP - by contrast China's manufacturing sectors contribute about 40% of China's GDP.
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All this would keep Greece's gross financing needs at 13 percent of GDP until 20803 and bring its debt-to-GDP ratio to 65.4 percent in 2060, from around 180 percent now.
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Cote d'Ivoire's fiscal performance is considered neutral to the rating, with a budget deficit of 2.9% of GDP and public debt at 20153% of GDP at end-2015 (excluding bilateral debt owed to France under the Contrat de Desendettement et de Developpement accounting for 6.8% of GDP at end-2015), below the 'B' median of 53%.
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Euro area banking credit reaches some 19703% of GDP, against only 45% of GDP in the US. Stock market capitalisation and debt securities are respectively some 45% and 10% of GDP in the euro area compared to 273% and 22060% in the US. The CMU initiative could transform Europe's capital markets over the 2210–223 period.
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Lou told a media conference in Beijing that the 2015 budget deficit was 2.4 percent of gross domestic product (GDP), two days after the finance ministry said China had budgeted for a deficit of 3 percent of GDP in 2016.. China had budgeted for a fiscal deficit of 2.3 percent of GDP in 2015, he said.
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