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GDP
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last edited
by Brian D Butler 15 years, 3 months ago
GDP
Gross Domestic Product
The most comprehensive measure of the total output in an economy. It is the measure of the market value of all final goods and services produced in a country during a year. GDP is the most comprehensive measure of a nation’s total output of goods and services. It is the sum of the dollar values of consumption, gross investment, government purchases of goods and services, and net exports produced within a nation during a given year.
see also:
Table of Contents:
National Accounts:
see discussion on GDP (from GloboTrends)
see great summary here: http://userwww.sfsu.edu/~pgking/690pdfs/690%20notes%20for%20assn%204.pdf
Current Account deficits / surplus:
- GDP (Y) = Consumption (C) + Government spending (G) + Investment (I) + [Exports-Imports (Current Account - (x))]
- Y = C +G+I+x
or, re-written....
- Current account (CA) = Y - (C+G+I)
so, if you have a:
- Current Account SURPLUS: then Y > CGI .... or, income (production) is greater than spending (investment)
- Current Account DEFICIT: then Y < CGI .... or, income (production) is LESS than spending (investment)
How does the country finance this excess spending? It borrows.
- Q: what do we do when we spend more than we earn?
- A: we use a credit card (borrow money that has to be paid later).
The current account shows the amount of international lending or borrowing. Essentially, a CA deficit is trading current consumption for future consumption. A current account surplus is like giving up current consumption in exchange for future consumption
Savings Equal Investments
GDP (Gross Domestic Product) is defined as Consumption (C) plus Investment (I) plus Government Spending (G) plus [Exports (E) minus Imports (I)] or:
GDP = C + I + G + (E-I)
(For the wonks out there, GDP is usually termed "Y".)
You can calculate national savings as GDP minus consumption and government spending. That means that investment equals savings plus net exports. If there are no net exports, then money must come back into the US from outside the country to finance investments, along with savings. This equation is known as an identity. An identity is an equality that remains true regardless of the values of any variables that appear within it. That means it is not a guess or an approximation. It is simple reality.
Thus, if there is a government deficit, there must be savings by both consumers and businesses, plus capital flows from outside the country, to offset that deficit in order for there to be any money left over for investments. In the short run, an increase in government spending can offset a decline in consumption (a recession), but absent savings a government deficit crowds out investment in the long run. There must be savings in order for there to be investment. And without investment, you do not get job growth or economic growth. Source : John Mauldin Newsletter October 16, 2009
2 ways to measure GDP:
1. As the flow of final products
2. As the total costs or earnings of inputs producing output.
Because profit is a residual, both approaches will yield exactly the same total GDP.
Nominal GDP
- is measured in actual market prices.
Represents the total money value of final goods and services produced in a given year.
Real GDP
– is calculated in constant or invariant prices; is the most closely watched measure of output; it serves as the carefully monitored pulse of a nation’s economy.
Removes price changes from nominal GDP and calculates GDP in terms of the quantities of goods and services.
Potential GDP
– Represents the maximum sustainable level of output that the economy can produce. When an economy is operating at its potential, there are high levels of utilization of the labor force and the capital stock. When output rises above potential output, price inflation tends to rise, while a below potential level of output leads to high unemployment. Potential output is determined by the economy’s productive capacity, which depends upon the inputs available and the economy’s technological efficiency. Potential GDP tends to grow steadily because inputs like labor and capital and the level of technology change quite slowly over time. Actual GDP – Is subject to large business cycle swing if spending patterns change sharply. During business downturns, actual GDP falls below its potential and unemployment rises.
Note: Fiscal stimulus spending on infrastructure pushes out the POTENTIAL GDP - not the current actual GDP
GDP from the product side is the sum of four major components:
• Personal consumption expenditures on goods and services
• Gross private domestic investment
• Government consumption expenditures and gross investment
• Net exports of goods and services, or exports minus imports.
GDP from the cost side is the sum of the following major components:
• Compensations (wages, salaries, and supplements)
• Property income (corporate profits, proprietors’ income, interest, and rents)
• Production taxes and depreciation on capital
Remember to use the value- added technique to prevent double counting of intermediate goods bought form other firms
The product and cost measures of GDP are identical
By adherence to the rules of value added bookkeeping and the definition of profit as a residual.
Net domestic product NDP equals GDP minus depreciation
Determinants of potential output (short and long run)
The Aggregate supply for an economy will differ from potential output in the short run because of inflexible elements of costs. In the short run, firms will respond to higher demand by raising both production and prices. In the longer run, as cost respond to the higher level of prices, most or all of the response to increased demand takes the form of higher prices and little or none the form of higher output. Whereas the short-run AS curve is upward sloping, the long-run, AS curve is vertical because, given sufficient time, all costs adjust.
Economic growth in real terms
Real GDP = Nominal GDP / CPI
Recession and depression
(what they are?, in what way they are different?)
Recession
- is a period of significant decline in total output, income, and employment, usually lasting form 6 months to a year and marked by widespread contractions in many sectors of economy.
Depression
- is a severe and protracted down turn
Definitions for Charts (below)
In the Economy category, GDP dollar estimates for countries are reported both on an official exchange rate (OER) and a purchasing power parity (PPP) basis. Both measures contain information that is useful to the reader. The PPP method involves the use of standardized international dollar price weights, which are applied to the quantities of final goods and services produced in a given economy.
The data derived from the PPP method probably provide the best available starting point for comparisons of economic strength and well-being between countries. In contrast, the currency exchange rate method involves a variety of international and domestic financial forces that may not capture the value of domestic output. Furthermore, exchange rates may suddenly go up or down by 10% or more because of market forces or official fiat whereas real output has remained unchanged. On 12 January 1994, for example, the 14 countries of the African Financial Community (whose currencies are tied to the French franc) devalued their currencies by 50%. This move, of course, did not cut the real output of these countries by half. Whereas PPP estimates for OECD countries are quite reliable, PPP estimates for developing countries are often rough approximations.
In developing countries with weak currencies, the exchange rate estimate of GDP in dollars is typically one-fourth to one-half the PPP estimate. Most of the GDP estimates for developing countries are based on extrapolation of PPP numbers published by the UN International Comparison Program (UNICP) and by Professors Robert Summers and Alan Heston of the University of Pennsylvania and their colleagues. GDP derived using the OER method should be used for the purpose of calculating the share of items such as exports, imports, military expenditures, external debt, or the current account balance, because the dollar values presented in the Factbook for these items have been converted at official exchange rates, not at PPP. One should use the OER GDP figure to calculate the proportion of, say, Chinese defense expenditures in GDP, because that share will be the same as one calculated in local currency units.
Comparison of OER GDP with PPP GDP may also indicate whether a currency is over- or under-valued. If OER GDP is smaller than PPP GDP, the official exchange rate may be undervalued, and vice versa. However, there is no strong historical evidence that market exchange rates move in the direction implied by the PPP rate, at least not in the short- or medium-term. Note: the numbers for GDP and other economic data should not be chained together from successive volumes of the Factbook because of changes in the US dollar measuring rod, revisions of data by statistical agencies, use of new or different sources of information, and changes in national statistical methods and practices.
GDP ranking (based on PPP)
Rank
|
Country
|
GDP (purchasing power parity)
|
Date of Information
|
1
|
World |
$ 65,960,000,000,000 |
2006 est. |
2
|
European Union |
$ 13,080,000,000,000 |
2006 est. |
3
|
United States |
$ 13,060,000,000,000 |
2006 est. |
4
|
China |
$ 10,210,000,000,000 |
2006 est. |
5
|
Japan |
$ 4,218,000,000,000 |
2006 est. |
6
|
India |
$ 4,164,000,000,000 |
2006 est. |
7
|
Germany |
$ 2,632,000,000,000 |
2006 est. |
8
|
United Kingdom |
$ 1,928,000,000,000 |
2006 est. |
9
|
France |
$ 1,902,000,000,000 |
2006 est. |
10
|
Italy |
$ 1,756,000,000,000 |
2006 est. |
11
|
Russia |
$ 1,746,000,000,000 |
2006 est. |
12
|
Brazil |
$ 1,655,000,000,000 |
2006 est. |
13
|
Korea, South |
$ 1,196,000,000,000 |
2006 est. |
14
|
Canada |
$ 1,181,000,000,000 |
2006 est. |
15
|
Mexico |
$ 1,149,000,000,000 |
2006 est. |
16
|
Spain |
$ 1,109,000,000,000 |
2006 est. |
17
|
Indonesia |
$ 948,300,000,000 |
2006 est. |
18
|
Taiwan |
$ 681,800,000,000 |
2006 est. |
19
|
Australia |
$ 674,600,000,000 |
2006 est. |
20
|
Turkey |
$ 640,400,000,000 |
2006 est. |
21
|
Argentina |
$ 608,800,000,000 |
2006 est. |
22
|
Iran |
$ 599,200,000,000 |
2006 est. |
23
|
Thailand |
$ 596,500,000,000 |
2006 est. |
24
|
South Africa |
$ 587,500,000,000 |
2006 est. |
25
|
Poland |
$ 554,500,000,000 |
2006 est. |
26
|
Netherlands |
$ 529,600,000,000 |
2006 est. |
27
|
Philippines |
$ 449,800,000,000 |
2006 est. |
28
|
Pakistan |
$ 437,500,000,000 |
2006 est. |
29
|
Colombia |
$ 374,400,000,000 |
2006 est. |
30
|
Saudi Arabia |
$ 371,500,000,000 |
2006 est. |
31
|
Ukraine |
$ 364,300,000,000 |
2006 est. |
32
|
Belgium |
$ 342,500,000,000 |
2006 est. |
33
|
Bangladesh |
$ 336,100,000,000 |
2006 est. |
34
|
Egypt |
$ 334,400,000,000 |
2006 est. |
35
|
Malaysia |
$ 313,200,000,000 |
2006 est. |
36
|
Sweden |
$ 290,100,000,000 |
2006 est. |
37
|
Austria |
$ 284,100,000,000 |
2006 est. |
38
|
Vietnam |
$ 262,500,000,000 |
2006 est. |
39
|
Hong Kong |
$ 259,100,000,000 |
2006 est. |
40
|
Greece |
$ 256,500,000,000 |
2006 est. |
41
|
Switzerland |
$ 255,500,000,000 |
2006 est. |
42
|
Algeria |
$ 249,800,000,000 |
2006 est. |
43
|
Czech Republic |
$ 225,500,000,000 |
2006 est. |
44
|
Norway |
$ 213,600,000,000 |
2006 est. |
45
|
Portugal |
$ 210,100,000,000 |
2006 est. |
46
|
Chile |
$ 202,700,000,000 |
2006 est. |
47
|
Romania |
$ 202,200,000,000 |
2006 est. |
48
|
Denmark |
$ 202,100,000,000 |
2006 est. |
49
|
Nigeria |
$ 191,400,000,000 |
2006 est. |
50
|
Peru |
$ 186,600,000,000 |
2006 est. |
51
|
Venezuela |
$ 186,300,000,000 |
2006 est. |
52
|
Ireland |
$ 180,900,000,000 |
2006 est. |
53
|
Finland |
$ 175,200,000,000 |
2006 est. |
54
|
Hungary |
$ 175,000,000,000 |
2006 est. |
55
|
Israel |
$ 170,300,000,000 |
2006 est. |
56
|
Morocco |
$ 152,500,000,000 |
2006 est. |
57
|
Kazakhstan |
$ 143,400,000,000 |
2006 est. |
58
|
Singapore |
$ 141,200,000,000 |
2006 est. |
59
|
United Arab Emirates |
$ 129,500,000,000 |
2006 est. |
60
|
New Zealand |
$ 106,900,000,000 |
2006 est. |
61
|
Slovakia |
$ 99,190,000,000 |
2006 est. |
62
|
Sudan |
$ 97,190,000,000 |
2006 est. |
63
|
Sri Lanka |
$ 95,460,000,000 |
2006 est. |
64
|
Tunisia |
$ 91,040,000,000 |
2006 est. |
65
|
Iraq |
$ 87,900,000,000 |
2006 est. |
66
|
Burma |
$ 85,200,000,000 |
2006 est. |
67
|
Belarus |
$ 83,100,000,000 |
2006 est. |
68
|
Bulgaria |
$ 79,050,000,000 |
2006 est. |
69
|
Syria |
$ 78,040,000,000 |
2006 est. |
70
|
Dominican Republic |
$ 77,090,000,000 |
2006 est. |
71
|
Puerto Rico |
$ 75,820,000,000 |
2006 est. |
72
|
Ethiopia |
$ 73,790,000,000 |
2006 est. |
73
|
Libya |
$ 72,340,000,000 |
2006 est. |
74
|
Ecuador |
$ 61,520,000,000 |
2006 est. |
75
|
Guatemala |
$ 61,380,000,000 |
2006 est. |
76
|
Croatia |
$ 60,380,000,000 |
2006 est. |
77
|
Ghana |
$ 60,000,000,000 |
2006 est. |
78
|
Azerbaijan |
$ 59,710,000,000 |
2006 est. |
79
|
Kuwait |
$ 55,960,000,000 |
2006 est. |
80
|
Uzbekistan |
$ 55,750,000,000 |
2006 est. |
81
|
Lithuania |
$ 54,900,000,000 |
2006 est. |
82
|
Angola |
$ 54,650,000,000 |
2006 est. |
83
|
Uganda |
$ 52,930,000,000 |
2006 est. |
84
|
Costa Rica |
$ 50,890,000,000 |
2006 est. |
85
|
Slovenia |
$ 47,010,000,000 |
2006 est. |
86
|
Cuba |
$ 46,220,000,000 |
2006 est. |
87
|
Serbia |
$ 44,830,000,000 |
2006 est. |
88
|
Oman |
$ 44,530,000,000 |
2006 est. |
89
|
Congo, Democratic Republic of the |
$ 44,440,000,000 |
2006 est. |
90
|
Turkmenistan |
$ 42,840,000,000 |
2006 est. |
91
|
Cameroon |
$ 42,640,000,000 |
2006 est. |
92
|
Kenya |
$ 41,480,000,000 |
2006 est. |
93
|
Nepal |
$ 41,180,000,000 |
2006 est. |
94
|
Korea, North |
$ 40,000,000,000 |
2006 est. |
95
|
Cambodia |
$ 38,890,000,000 |
2006 est. |
96
|
Uruguay |
$ 37,540,000,000 |
2006 est. |
97
|
Latvia |
$ 36,490,000,000 |
2006 est. |
98
|
Luxembourg |
$ 33,870,000,000 |
2006 est. |
99
|
El Salvador |
$ 33,660,000,000 |
2006 est. |
100
|
Paraguay |
$ 31,260,000,000 |
2006 est. |
101
|
Jordan |
$ 30,030,000,000 |
2006 est. |
102
|
Tanzania |
$ 29,640,000,000 |
2006 est. |
103
|
Mozambique |
$ 29,170,000,000 |
2006 est. |
104
|
Cote d'Ivoire |
$ 29,050,000,000 |
2006 est. |
105
|
Bolivia |
$ 27,870,000,000 |
2006 est. |
106
|
Estonia |
$ 26,850,000,000 |
2006 est. |
107
|
Qatar |
$ 26,370,000,000 |
2006 est. |
108
|
Panama |
$ 26,160,000,000 |
2006 est. |
109
|
Equatorial Guinea |
$ 25,690,000,000 |
2005 est. |
110
|
Zimbabwe |
$ 25,580,000,000 |
2006 est. |
111
|
Bosnia and Herzegovina |
$ 25,320,000,000 |
2006 est. |
112
|
Lebanon |
$ 22,860,000,000 |
2006 est. |
113
|
Honduras |
$ 22,540,000,000 |
2006 est. |
114
|
Senegal |
$ 21,540,000,000 |
2006 est. |
115
|
Afghanistan |
$ 21,500,000,000 |
2004 est. |
116
|
Trinidad and Tobago |
$ 21,060,000,000 |
2006 est. |
117
|
Albania |
$ 20,460,000,000 |
2006 est. |
118
|
Yemen |
$ 20,460,000,000 |
2006 est. |
119
|
Guinea |
$ 19,870,000,000 |
2006 est. |
120
|
Burkina Faso |
$ 18,940,000,000 |
2006 est. |
121
|
Georgia |
$ 18,160,000,000 |
2006 est. |
122
|
Cyprus |
$ 18,040,000,000 |
2006 est. |
123
|
Botswana |
$ 17,930,000,000 |
2006 est. |
124
|
Bahrain |
$ 17,910,000,000 |
2006 est. |
125
|
Madagascar |
$ 17,270,000,000 |
2006 est. |
126
|
Nicaragua |
$ 17,090,000,000 |
2006 est. |
127
|
Mauritius |
$ 17,020,000,000 |
2006 est. |
128
|
Macedonia |
$ 16,960,000,000 |
2006 est. |
129
|
Armenia |
$ 16,940,000,000 |
2006 est. |
130
|
Papua New Guinea |
$ 15,410,000,000 |
2006 est. |
131
|
Namibia |
$ 15,270,000,000 |
2006 est. |
132
|
Chad |
$ 14,980,000,000 |
2006 est. |
133
|
Mali |
$ 14,770,000,000 |
2006 est. |
134
|
Haiti |
$ 14,760,000,000 |
2006 est. |
135
|
Laos |
$ 13,740,000,000 |
2006 est. |
136
|
Rwanda |
$ 13,700,000,000 |
2006 est. |
137
|
Jamaica |
$ 12,840,000,000 |
2006 est. |
138
|
Niger |
$ 12,360,000,000 |
2006 est. |
139
|
Zambia |
$ 11,640,000,000 |
2006 est. |
140
|
Iceland |
$ 11,380,000,000 |
2006 est. |
141
|
Kyrgyzstan |
$ 10,730,000,000 |
2006 est. |
142
|
Gabon |
$ 10,190,000,000 |
2006 est. |
143
|
Macau |
$ 10,000,000,000 |
2004 |
144
|
Brunei |
$ 9,557,000,000 |
2006 est. |
145
|
Tajikistan |
$ 9,521,000,000 |
2006 est. |
146
|
Togo |
$ 9,290,000,000 |
2006 est. |
147
|
Moldova |
$ 9,066,000,000 |
2006 est. |
148
|
Benin |
$ 8,989,000,000 |
2006 est. |
149
|
Malta |
$ 8,518,000,000 |
2006 est. |
150
|
Malawi |
$ 8,272,000,000 |
2006 est. |
151
|
Mauritania |
$ 8,124,000,000 |
2006 est. |
152
|
Bahamas, The |
$ 6,556,000,000 |
2006 est. |
153
|
Swaziland |
$ 6,018,000,000 |
2006 est. |
154
|
Burundi |
$ 5,854,000,000 |
2006 est. |
155
|
Mongolia |
$ 5,852,000,000 |
2006 est. |
156
|
Fiji |
$ 5,594,000,000 |
2006 est. |
157
|
Lesotho |
$ 5,492,000,000 |
2006 est. |
158
|
Sierra Leone |
$ 5,452,000,000 |
2006 est. |
159
|
Gaza Strip |
$ 5,327,000,000 |
2005 est. |
160
|
West Bank |
$ 5,327,000,000 |
2005 est. |
161
|
Somalia |
$ 5,259,000,000 |
2006 est. |
162
|
Barbados |
$ 5,146,000,000 |
2006 est. |
163
|
Jersey |
$ 5,100,000,000 |
2005 est. |
164
|
Congo, Republic of the |
$ 5,033,000,000 |
2006 est. |
165
|
Central African Republic |
$ 4,998,000,000 |
2006 est. |
166
|
Eritrea |
$ 4,751,000,000 |
2006 est. |
167
|
French Polynesia |
$ 4,580,000,000 |
2003 est. |
168
|
Cyprus |
$ 4,540,000,000 |
2006 est. |
169
|
Bermuda |
$ 4,500,000,000 |
2004 est. |
170
|
Guyana |
$ 3,757,000,000 |
2006 est. |
171
|
Bhutan |
$ 3,503,000,000 |
2006 est. |
172
|
Montenegro |
$ 3,443,000,000 |
2006 est. |
173
|
Gambia, The |
$ 3,324,000,000 |
2006 est. |
174
|
New Caledonia |
$ 3,158,000,000 |
2003 est. |
175
|
Suriname |
$ 3,136,000,000 |
2006 est. |
176
|
Cape Verde |
$ 3,129,000,000 |
2006 est. |
177
|
Maldives |
$ 2,839,000,000 |
2006 est. |
178
|
Liberia |
$ 2,821,000,000 |
2006 est. |
179
|
Netherlands Antilles |
$ 2,800,000,000 |
2004 est. |
180
|
Andorra |
$ 2,770,000,000 |
2005 |
181
|
Guernsey |
$ 2,742,000,000 |
2005 |
182
|
Isle of Man |
$ 2,719,000,000 |
2005 est. |
183
|
Guam |
$ 2,500,000,000 |
2005 est. |
184
|
Belize |
$ 2,307,000,000 |
2006 est. |
185
|
Aruba |
$ 2,258,000,000 |
2005 est. |
186
|
Cayman Islands |
$ 1,939,000,000 |
2004 est. |
187
|
Djibouti |
$ 1,878,000,000 |
2006 est. |
188
|
Liechtenstein |
$ 1,786,000,000 |
2001 est. |
189
|
Virgin Islands |
$ 1,577,000,000 |
2004 est. |
190
|
Comoros |
$ 1,275,000,000 |
2006 est. |
191
|
Guinea-Bissau |
$ 1,249,000,000 |
2006 est. |
192
|
Samoa |
$ 1,218,000,000 |
2006 est. |
193
|
Saint Lucia |
$ 1,179,000,000 |
2006 est. |
194
|
Antigua and Barbuda |
$ 1,145,000,000 |
2006 est. |
195
|
Greenland |
$ 1,100,000,000 |
2001 est. |
196
|
Faroe Islands |
$ 1,000,000,000 |
2001 est. |
197
|
Grenada |
$ 982,000,000 |
2006 est. |
198
|
Monaco |
$ 976,300,000 |
2006 est. |
199
|
Mayotte |
$ 953,600,000 |
2005 est. |
200
|
Northern Mariana Islands |
$ 900,000,000 |
2000 est. |
201
|
Saint Vincent and the Grenadines |
$ 864,000,000 |
2006 est. |
202
|
British Virgin Islands |
$ 853,400,000 |
2004 est. |
203
|
San Marino |
$ 850,000,000 |
2004 est. |
204
|
Solomon Islands |
$ 800,000,000 |
2002 est. |
205
|
Gibraltar |
$ 769,000,000 |
2000 est. |
206
|
Vanuatu |
$ 739,000,000 |
2006 est. |
207
|
Saint Kitts and Nevis |
$ 726,000,000 |
2006 est. |
208
|
Seychelles |
$ 626,000,000 |
2002 est. |
209
|
American Samoa |
$ 510,100,000 |
2003 est. |
210
|
Dominica |
$ 485,000,000 |
2006 est. |
211
|
Timor-Leste |
$ 370,000,000 |
2004 est. |
212
|
Sao Tome and Principe |
$ 278,000,000 |
2006 est. |
213
|
Micronesia, Federated States of |
$ 277,000,000 |
2002 est. |
214
|
Kiribati |
$ 240,000,000 |
2006 est. |
215
|
Turks and Caicos Islands |
$ 216,000,000 |
2002 est. |
216
|
Cook Islands |
$ 183,200,000 |
2005 est. |
217
|
Tonga |
$ 178,500,000 |
2004 est. |
218
|
Palau |
$ 124,500,000 |
2004 est. |
219
|
Marshall Islands |
$ 115,000,000 |
2001 est. |
220
|
Anguilla |
$ 108,900,000 |
2004 est. |
221
|
Falkland Islands (Islas Malvinas) |
$ 75,000,000 |
2002 est. |
222
|
Nauru |
$ 60,000,000 |
2005 est. |
223
|
Wallis and Futuna |
$ 60,000,000 |
2004 est. |
224
|
Saint Pierre and Miquelon |
$ 48,300,000 |
2003 est. |
225
|
Montserrat |
$ 29,000,000 |
2002 est. |
226
|
Saint Helena |
$ 18,000,000 |
1998 est. |
227
|
Tuvalu |
$ 14,940,000 |
2002 est. |
228
|
Niue |
$ 7,600,000 |
2000 est. |
229
|
Tokelau |
$ 1,500,000 |
1993 est. |
GDP at Purchasing Power Parity (PPP)
source: https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html
GDP at the existing exchange rate
GDP by sector
Country
|
GDP - composition by sector (%)
|
Afghanistan |
agriculture: 38%
industry: 24%
services: 38%
note: data exclude opium production (2005 est.) |
Albania |
agriculture: 22.3%
industry: 20.9%
services: 56.9% (2006 est.) |
Algeria |
agriculture: 8.4%
industry: 60.6%
services: 31% (2006 est.) |
American Samoa |
agriculture: NA%
industry: NA%
services: NA% |
Andorra |
agriculture: NA%
industry: NA%
services: NA% |
Angola |
agriculture: 9.6%
industry: 65.8%
services: 24.6% (2005 est.) |
Anguilla |
agriculture: 4%
industry: 18%
services: 78% (2002 est.) |
Antigua and Barbuda |
agriculture: 3.8%
industry: 22%
services: 74.3% (2002 est.) |
Argentina |
agriculture: 8.5%
industry: 35.9%
services: 55.6% (2006 est.) |
Armenia |
agriculture: 18.2%
industry: 38.6%
services: 43.2% (2006 est.) |
Aruba |
agriculture: 0.4%
industry: 33.3%
services: 66.3% (2002 est.) |
Australia |
agriculture: 3.7%
industry: 26.2%
services: 70.1% (2006 est.) |
Austria |
agriculture: 1.6%
industry: 30.6%
services: 67.8% (2006 est.) |
Azerbaijan |
agriculture: 7.5%
industry: 63.5%
services: 28.9% (2006 est.) |
Bahamas, The |
agriculture: 3%
industry: 7%
services: 90% (2001 est.) |
Bahrain |
agriculture: 0.3%
industry: 45%
services: 54.6% (2006 est.) |
Bangladesh |
agriculture: 19.7%
industry: 28%
services: 52.3% (2006 est.) |
Barbados |
agriculture: 6%
industry: 16%
services: 78% (2000 est.) |
Belarus |
agriculture: 9.2%
industry: 41.7%
services: 49.1% (2006 est.) |
Belgium |
agriculture: 1%
industry: 24.3%
services: 74.7% (2006 est.) |
Belize |
agriculture: 22.5%
industry: 14.8%
services: 62.6% (2006 est.) |
Benin |
agriculture: 32.8%
industry: 13.7%
services: 53.5% (2006 est.) |
Bermuda |
agriculture: 1%
industry: 10%
services: 89% (2002 est.) |
Bhutan |
agriculture: 24.7%
industry: 37.2%
services: 38.1% (2005) |
Bolivia |
agriculture: 12.6%
industry: 35.6%
services: 51.8% (2006 est.) |
Bosnia and Herzegovina |
agriculture: 10.2%
industry: 23.9%
services: 66% (2006 est.) |
Botswana |
agriculture: 1.6%
industry: 51.5% (including 36% mining)
services: 46.9% (2006 est.) |
Brazil |
agriculture: 5.1%
industry: 30.9%
services: 64% (2006 est.) |
British Virgin Islands |
agriculture: 1.8%
industry: 6.2%
services: 92% (1996 est.) |
Brunei |
agriculture: 0.9%
industry: 71.6%
services: 27.5% (2005 est.) |
Bulgaria |
agriculture: 8.5%
industry: 31.5%
services: 60% (2006 est.) |
Burkina Faso |
agriculture: 30%
industry: 19%
services: 51% (2006 est.) |
Burma |
agriculture: 54.7%
industry: 10.6%
services: 34.7% (2006 est.) |
Burundi |
agriculture: 44.9%
industry: 20.9%
services: 34.1% (2006 est.) |
Cambodia |
agriculture: 35.1%
industry: 26.2%
services: 38.6% (2006 est.) |
Cameroon |
agriculture: 44.3%
industry: 15.7%
services: 40% (2006 est.) |
Canada |
agriculture: 2.1%
industry: 29%
services: 68.9% (2006 est.) |
Cape Verde |
agriculture: 9.6%
industry: 16.6%
services: 73.8% (2006 est.) |
Cayman Islands |
agriculture: 1.4%
industry: 3.2%
services: 95.4% (1994 est.) |
Central African Republic |
agriculture: 55%
industry: 20%
services: 25% (2001 est.) |
Chad |
agriculture: 22.7%
industry: 47%
services: 30.3% (2006 est.) |
Chile |
agriculture: 5.1%
industry: 49.8%
services: 45.2% (2006 est.) |
China |
agriculture: 11.7%
industry: 48.9%
services: 39.3%
note: industry includes construction (2006 est.) |
Colombia |
agriculture: 12%
industry: 35.6%
services: 52.4% (2006 est.) |
Comoros |
agriculture: 40%
industry: 4%
services: 56% (2001 est.) |
Congo, Democratic Republic of the |
agriculture: 55%
industry: 11%
services: 34% (2000 est.) |
Congo, Republic of the |
agriculture: 5.6%
industry: 57.1%
services: 37.3% (2006 est.) |
Cook Islands |
agriculture: 15.1%
industry: 9.6%
services: 75.3% (2004) |
Costa Rica |
agriculture: 8.7%
industry: 28.9%
services: 62.4% (2006 est.) |
Cote d'Ivoire |
agriculture: 27.7%
industry: 22.2%
services: 50.1% (2006 est.) |
Croatia |
agriculture: 7.4%
industry: 31.8%
services: 60.8% (2006 est.) |
Cuba |
agriculture: 4%
industry: 24.8%
services: 71.2% (2006 est.) |
Cyprus |
area under government control: agriculture 3.2%; industry 19.5%; services 77.4% (2005 est.)
area administered by Turkish Cypriots: agriculture 10.6%; industry 20.5%; services 68.9% (2003 est.) |
Czech Republic |
agriculture: 2.7%
industry: 39.1%
services: 58.2% (2006 est.) |
Denmark |
agriculture: 1.6%
industry: 26.1%
services: 72.2% (2006 est.) |
Djibouti |
agriculture: 17.9%
industry: 22.5%
services: 59.6% (2003 est.) |
Dominica |
agriculture: 17.7%
industry: 32.8%
services: 49.5% (2004 est.) |
Dominican Republic |
agriculture: 11.6%
industry: 28.6%
services: 59.8% (2006 est.) |
Ecuador |
agriculture: 6.1%
industry: 35.3%
services: 58.6% (2006 est.) |
Egypt |
agriculture: 14.1%
industry: 38.4%
services: 47.5% (2006 est.) |
El Salvador |
agriculture: 10.1%
industry: 29.9%
services: 60% (2006 est.) |
Equatorial Guinea |
agriculture: 3.1%
industry: 92%
services: 4.8% (2006 est.) |
Eritrea |
agriculture: 21.9%
industry: 22.6%
services: 55.5% (2006 est.) |
Estonia |
agriculture: 3.2%
industry: 29.1%
services: 67.8% (2006 est.) |
Ethiopia |
agriculture: 48.3%
industry: 13%
services: 38.7% (2006 est.) |
European Union |
agriculture: 2.1%
industry: 27.3%
services: 70.5% (2006 est.) |
Falkland Islands (Islas Malvinas) |
agriculture: 95%
industry: NA%
services: NA% |
Faroe Islands |
agriculture: 27%
industry: 11%
services: 62% (1999) |
Fiji |
agriculture: 8.9%
industry: 13.5%
services: 77.6% (2004 est.) |
Finland |
agriculture: 2.5%
industry: 32.3%
services: 65.1% (2006 est.) |
France |
agriculture: 2%
industry: 20.7%
services: 77.2% (2006 est.) |
French Polynesia |
agriculture: 3.1%
industry: 19%
services: 76.9% (2005) |
Gabon |
agriculture: 6%
industry: 58.4%
services: 35.6% (2006 est.) |
Gambia, The |
agriculture: 32.9%
industry: 9.6%
services: 57.5% (2006 est.) |
Gaza Strip |
agriculture: 8%
industry: 18.2%
services: 73.9% (includes West Bank) (2005 est.) |
Georgia |
agriculture: 15%
industry: 28.3%
services: 56.7% (2006 est.) |
Germany |
agriculture: 1%
industry: 30%
services: 69.1% (2006 est.) |
Ghana |
agriculture: 37.3%
industry: 25.3%
services: 37.5% (2006 est.) |
Gibraltar |
agriculture: NA%
industry: NA%
services: NA% |
Greece |
agriculture: 3.3%
industry: 20.8%
services: 75.9% (2006 est.) |
Greenland |
agriculture: NA%
industry: NA%
services: NA% |
Grenada |
agriculture: 5.4%
industry: 18%
services: 76.6% (2003) |
Guam |
agriculture: NA%
industry: NA%
services: NA% |
Guatemala |
agriculture: 22.2%
industry: 19.1%
services: 58.7% (2006 est.) |
Guernsey |
agriculture: 3%
industry: 10%
services: 87% (2000) |
Guinea |
agriculture: 23.2%
industry: 38.2%
services: 38.6% (2006 est.) |
Guinea-Bissau |
agriculture: 62%
industry: 12%
services: 26% (1999 est.) |
Guyana |
agriculture: 34.9%
industry: 19.4%
services: 45.7% (2006 est.) |
Haiti |
agriculture: 28%
industry: 20%
services: 52% (2004 est.) |
Honduras |
agriculture: 13.8%
industry: 31.1%
services: 55.1% (2006 est.) |
Hong Kong |
agriculture: 0.1%
industry: 8.6%
services: 91.3% (2006 est.) |
Hungary |
agriculture: 3.4%
industry: 31.5%
services: 65.1% (2006 est.) |
Iceland |
agriculture: 5.6%
industry: 25%
services: 69.4% (2006 est.) |
India |
agriculture: 17.5%
industry: 27.9%
services: 54.6% (2005 est.) |
Indonesia |
agriculture: 12.9%
industry: 47%
services: 40.1% (2006 est.) |
Iran |
agriculture: 11%
industry: 44.9%
services: 44.1% (2006 est.) |
Iraq |
agriculture: 7.3%
industry: 66.6%
services: 26.1% (2004 est.) |
Ireland |
agriculture: 5%
industry: 46%
services: 49% (2002 est.) |
Isle of Man |
agriculture: 1%
industry: 13%
services: 86% (2000 est.) |
Israel |
agriculture: 2.5%
industry: 30.3%
services: 67.2% (2006 est.) |
Italy |
agriculture: 1.9%
industry: 28.9%
services: 69.2% (2006 est.) |
Jamaica |
agriculture: 5.4%
industry: 33.8%
services: 60.8% (2006 est.) |
Japan |
agriculture: 1.5%
industry: 25.6%
services: 73% (2006 est.) |
Jersey |
agriculture: 1%
industry: 2%
services: 97% (2005) |
Jordan |
agriculture: 3.9%
industry: 10.3%
services: 85.8% (2006 est.) |
Kazakhstan |
agriculture: 5.7%
industry: 39.8%
services: 54.4% (2006 est.) |
Kenya |
agriculture: 24%
industry: 16.7%
services: 59.2% (2004 est.) |
Kiribati |
agriculture: 8.9%
industry: 24.2%
services: 66.8% (2004) |
Korea, North |
agriculture: 30%
industry: 34%
services: 36% (2002 est.) |
Korea, South |
agriculture: 3.2%
industry: 39.6%
services: 57.2% (2006 est.) |
Kuwait |
agriculture: 0.4%
industry: 56.9%
services: 42.8% (2006 est.) |
Kyrgyzstan |
agriculture: 33%
industry: 20.1%
services: 46.9% (2006 est.) |
Laos |
agriculture: 42.7%
industry: 31%
services: 26.2% (2006 est.) |
Latvia |
agriculture: 3.7%
industry: 21.5%
services: 74.8% (2006 est.) |
Lebanon |
agriculture: 5.1%
industry: 18.4%
services: 76.5% (2005) |
Lesotho |
agriculture: 18.2%
industry: 40.8%
services: 41% (2006 est.) |
Liberia |
agriculture: 76.9%
industry: 5.4%
services: 17.7% (2002 est.) |
Libya |
agriculture: 2.2%
industry: 79.5%
services: 18.3% (2006 est.) |
Liechtenstein |
agriculture: 6%
industry: 39%
services: 55% (2001) |
Lithuania |
agriculture: 5.5%
industry: 35%
services: 59.6% (2006 est.) |
Luxembourg |
agriculture: 1%
industry: 13%
services: 86% (2005 est.) |
Macau |
agriculture: 0.1%
industry: 7.2%
services: 92.7% (2002 est.) |
Macedonia |
agriculture: 12.6%
industry: 29.5%
services: 57.9% (2006 est.) |
Madagascar |
agriculture: 28.2%
industry: 16.3%
services: 55.5% (2006 est.) |
Malawi |
agriculture: 36.1%
industry: 18.8%
services: 45.1% (2006 est.) |
Malaysia |
agriculture: 8.8%
industry: 47.1%
services: 44.1% (2006 est.) |
Maldives |
agriculture: 16%
industry: 7%
services: 77% (2006 est.) |
Mali |
agriculture: 45%
industry: 17%
services: 38% (2001 est.) |
Malta |
agriculture: 2.7%
industry: 22.3%
services: 74.9% (2003 est.) |
Marshall Islands |
agriculture: 31.7%
industry: 14.9%
services: 53.4% (2004 est.) |
Mauritania |
agriculture: 25%
industry: 29%
services: 46% (2001 est.) |
Mauritius |
agriculture: 5.2%
industry: 25.2%
services: 69.6% (2006 est.) |
Mayotte |
agriculture: NA%
industry: NA%
services: NA% |
Mexico |
agriculture: 3.9%
industry: 26.7%
services: 69.4% (2006 est.) |
Micronesia, Federated States of |
agriculture: 28.9%
industry: 15.2%
services: 55.9% (2004 est.) |
Moldova |
agriculture: 21.5%
industry: 22%
services: 56.5% (2006 est.) |
Monaco |
agriculture: 0%
industry: 4.9%
services: 95.1% (2005) |
Mongolia |
agriculture: 21.7%
industry: 27.9%
services: 50.4% (2003 est.) |
Montenegro |
agriculture: NA%
industry: NA%
services: NA% |
Montserrat |
agriculture: 1.2%
industry: 23.1%
services: 75.7% (1999 est.) |
Morocco |
agriculture: 17.3%
industry: 37%
services: 45.7% (2006 est.) |
Mozambique |
agriculture: 22.8%
industry: 29.5%
services: 47.7% (2006 est.) |
Namibia |
agriculture: 10.9%
industry: 30.6%
services: 58.5% (2006 est.) |
Nauru |
agriculture: NA%
industry: NA%
services: NA% |
Nepal |
agriculture: 38%
industry: 20%
services: 42% (FY05/06 est.) |
Netherlands |
agriculture: 2.2%
industry: 24.1%
services: 73.7% (2006 est.) |
Netherlands Antilles |
agriculture: 1%
industry: 15%
services: 84% (2000 est.) |
New Caledonia |
agriculture: 15%
industry: 8.8%
services: 76.2% (2003) |
New Zealand |
agriculture: 4.3%
industry: 26.9%
services: 68.8% (2006 est.) |
Nicaragua |
agriculture: 17.2%
industry: 25.9%
services: 56.9% (2006 est.) |
Niger |
agriculture: 39%
industry: 17%
services: 44% (2001) |
Nigeria |
agriculture: 17.3%
industry: 54.3%
services: 28.4% (2006 est.) |
Niue |
agriculture: 23.5%
industry: 26.9%
services: 49.5% (2003) |
Northern Mariana Islands |
agriculture: NA%
industry: NA%
services: NA% |
Norway |
agriculture: 2.4%
industry: 43.5%
services: 54.1% (2006 est.) |
Oman |
agriculture: 2.3%
industry: 39.1%
services: 58.6% (2006 est.) |
Pakistan |
agriculture: 19.4%
industry: 27.2%
services: 53.4% (2006 est.) |
Palau |
agriculture: 6.2%
industry: 12%
services: 81.8% (2003) |
Panama |
agriculture: 7.3%
industry: 16.5%
services: 76.3% (2006 est.) |
Papua New Guinea |
agriculture: 36.1%
industry: 36.7%
services: 27.2% (2006 est.) |
Paraguay |
agriculture: 21.4%
industry: 18.6%
services: 60.1% (2006 est.) |
Peru |
agriculture: 8.7%
industry: 26.2%
services: 65.1% (2006 est.) |
Philippines |
agriculture: 14.1%
industry: 31.6%
services: 54.2% (2006 est.) |
Poland |
agriculture: 4.5%
industry: 31.7%
services: 63.8% (2006 est.) |
Portugal |
agriculture: 8%
industry: 25.8%
services: 66.2% (2006 est.) |
Puerto Rico |
agriculture: 1%
industry: 45%
services: 54% (2002 est.) |
Qatar |
agriculture: 0.1%
industry: 75.8%
services: 24.1% (2006 est.) |
Romania |
agriculture: 9.1%
industry: 34.9%
services: 56% (2006 est.) |
Russia |
agriculture: 4.9%
industry: 39.3%
services: 55.8% (2006 est.) |
Rwanda |
agriculture: 39.9%
industry: 20.3%
services: 39.7% (2006 est.) |
Saint Helena |
agriculture: NA%
industry: NA%
services: NA% |
Saint Kitts and Nevis |
agriculture: 3.5%
industry: 25.8%
services: 70.7% (2001) |
Saint Lucia |
agriculture: 5%
industry: 15%
services: 80% (2005 est.) |
Saint Martin |
agriculture: 1%
industry: 15%
services: 84% |
Saint Pierre and Miquelon |
agriculture: NA%
industry: NA%
services: NA% |
Saint Vincent and the Grenadines |
agriculture: 10%
industry: 26%
services: 64% (2001 est.) |
Samoa |
agriculture: 11.4%
industry: 58.4%
services: 30.2% (2004 est.) |
San Marino |
agriculture: NA%
industry: NA%
services: NA% |
Sao Tome and Principe |
agriculture: 15%
industry: 13.7%
services: 71.3% (2006 est.) |
Saudi Arabia |
agriculture: 3%
industry: 63.6%
services: 33.4% (2006 est.) |
Senegal |
agriculture: 16.6%
industry: 19.2%
services: 64.1% (2006 est.) |
Serbia |
agriculture: 16.6%
industry: 25.5%
services: 57.9% (2005 est.) |
Seychelles |
agriculture: 2.5%
industry: 26.3%
services: 71.2% (2006 est.) |
Sierra Leone |
agriculture: 49%
industry: 31%
services: 21% (2001 est.) |
Singapore |
agriculture: 0%
industry: 34.8%
services: 65.2% (2006 est.) |
Slovakia |
agriculture: 3.6%
industry: 31.6%
services: 64.8% (2006 est.) |
Slovenia |
agriculture: 2.3%
industry: 34.5%
services: 63.2% (2006 est.) |
Solomon Islands |
agriculture: 42%
industry: 11%
services: 47% (2000 est.) |
Somalia |
agriculture: 65%
industry: 10%
services: 25% (2000 est.) |
South Africa |
agriculture: 2.7%
industry: 30.9%
services: 66.4% (2006 est.) |
Spain |
agriculture: 3.9%
industry: 29.7%
services: 66.4% (2006 est.) |
Sri Lanka |
agriculture: 16.5%
industry: 27.1%
services: 56.5% (2006 est.) |
Sudan |
agriculture: 38.4%
industry: 24.3%
services: 37.2% (2006 est.) |
Suriname |
agriculture: 13%
industry: 22%
services: 65% (2001) |
Swaziland |
agriculture: 11.9%
industry: 46.1%
services: 41.9% (2006 est.) |
Sweden |
agriculture: 1.4%
industry: 29%
services: 69.6% (2006 est.) |
Switzerland |
agriculture: 1.5%
industry: 34%
services: 64.5% (2003 est.) |
Syria |
agriculture: 24.8%
industry: 25.1%
services: 50.1% (2005 est.) |
Taiwan |
agriculture: 1.5%
industry: 26.8%
services: 71.7% (2006 est.) |
Tajikistan |
agriculture: 23%
industry: 28%
services: 49% (2006 est.) |
Tanzania |
agriculture: 43.2%
industry: 18.1%
services: 38.7% (2006 est.) |
Thailand |
agriculture: 10.7%
industry: 44.6%
services: 44.7% (2006 est.) |
Timor-Leste |
agriculture: 8.5%
industry: 23.1%
services: 68.4% (2004) |
Togo |
agriculture: 40%
industry: 25%
services: 35% (2003 est.) |
Tokelau |
agriculture: NA%
industry: NA%
services: NA% |
Tonga |
agriculture: 23%
industry: 27%
services: 50% (FY03/04 est.) |
Trinidad and Tobago |
agriculture: 0.7%
industry: 59.8%
services: 39.4% (2006 est.) |
Tunisia |
agriculture: 12.5%
industry: 33.1%
services: 54.4% (2006 est.) |
Turkey |
agriculture: 9.3%
industry: 31%
services: 59.7% (2006 est.) |
Turkmenistan |
agriculture: 17.7%
industry: 39.2%
services: 43.2% (2006 est.) |
Turks and Caicos Islands |
agriculture: NA%
industry: NA%
services: NA% |
Tuvalu |
agriculture: 16.6%
industry: 27.2%
services: 56.2% (2002) |
Uganda |
agriculture: 31.4%
industry: 24.6%
services: 44% (2006 est.) |
Ukraine |
agriculture: 10.2%
industry: 32.9%
services: 57% (2006 est.) |
United Arab Emirates |
agriculture: 2%
industry: 62.7%
services: 35.2% (2006 est.) |
United Kingdom |
agriculture: 0.9%
industry: 24.1%
services: 75% (2006 est.) |
United States |
agriculture: 0.9%
industry: 20.9%
services: 78.2% (2006 est.) |
Uruguay |
agriculture: 9.3%
industry: 31.6%
services: 59.1% (2006 est.) |
Uzbekistan |
agriculture: 27.6%
industry: 29.4%
services: 43% (2006 est.) |
Vanuatu |
agriculture: 26%
industry: 12%
services: 62% (2000 est.) |
Venezuela |
agriculture: 3.7%
industry: 40.5%
services: 55.9% (2006 est.) |
Vietnam |
agriculture: 20%
industry: 41.9%
services: 38.2% (2006 est.) |
Virgin Islands |
agriculture: 1%
industry: 19%
services: 80% (2003 est.) |
Wallis and Futuna |
agriculture: NA%
industry: NA%
services: NA% |
West Bank |
agriculture: 8%
industry: 18.2%
services: 73.9% (includes Gaza Strip) (2005 est.) |
Western Sahara |
agriculture: NA%
industry: NA%
services: 40% |
World |
agriculture: 4%
industry: 32%
services: 64% (2004 est.) |
Yemen |
agriculture: 12.4%
industry: 42.2%
services: 45.4% (2006 est.) |
Zambia |
agriculture: 18%
industry: 25.7%
services: 56.3% (2006 est.) |
Zimbabwe |
agriculture: 16.7%
industry: 21.6%
services: 61.6% (2006 est.) |
GDP Growth rates (by country)
source: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html
GDP
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