The future German government will have to plan for drastically higher defence spending, according to NATO's latest armament ...

African countries plan a fresh push at international summits this year for standard measures of economic strength such as GDP ...

U.S. real Gross Domestic Product increased 2.3% at an annual rate in the fourth quarter of 2024, according to a Thursday ...

A wider trade deficit as a result of an influx of imports is usually offset by a rise in inventories in the calculation of GDP. Trade and inventories are the most volatile components of GDP.

Calculating real GDP is a complex process typically best ... Dividing the nominal GDP by the deflator removes the effects of inflation. For example, if an economy's prices have increased by ...

Calculation of GDP, real and nominal, is hinged on what is referred to as Base Year. That is the year which prices are adopted to calculate the GDP figures in subsequent years. You therefore come ...

In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and the Consumer Price Index (CPI).While the GDP calculates the ...

The National Bureau of Statistics (NBS) announced plans to include illicit activities like pr0stitution and drug sales in Nigeria's GDP calculation Political analyst Hamma Hayatu condemned the move as ...

The calculation for revenue is a straightforward ... This is the income derived from a company’s core business activities. For example, a car manufacturer’s operating revenue arises primarily ...

This means prices from 2019 will be used as the new benchmark for GDP calculation. Samuel Oyekanmi, who spoke to Legit.ng, explained that a lot of things have emerged over the last decade, and they ...

According to data released by the National Bureau of Statistics on the same day, China's gross domestic product (GDP) in 2024 will reach 134.9 trillion yuan, an increase of 5.0% over the previous ...