GDP is also less cumbersome to compute as the required data are available within a domestic economy unlike GNP that involves inter-jurisdictional data gathering. There are three approaches to GDP ...

As Nigeria prepares to release its rebased GDP figures, concerns are growing over the potential misinterpretation of key indicators ...

Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the ...

The National Bureau of Statistics (NBS) has explained that the plan to rebase the country’s gross domestic product (GDP) and the consumer price index (CPI) is not to satisfy any interest but to ensure ...

This calculation is done by factoring in a GDP deflator. A GDP deflator is the quotient of nominal GDP divided by real GDP divided by 100, so this method is ... of 2024 was 3.1%.

Growth moved to an upward trajectory, averaging 7.4 per cent, during 2003-04 to 2010-11. However, post 2011-12, growth ...

The National Bureau of Statistics, NBS, yesterday said that illegal and hidden activities like prostitution and drugs peddling will now be included in the calculation ... 3.0 to 3.5% of the GDP.” ...

Japan’s figure, measured in U.S. dollars, dropped by 0.8 percent from the previous year to $33,849 (5.3 million yen), the ... South Korea revised its GDP calculation standards earlier this ...

Sometimes, a sender strikes believability with a category or categories of audiences, while others will remain brickwalls, ...

The NBS has proposed 2019 as a new GDP base year and 2024 as the new base year for inflation computation. Prostitution, drug peddling, other hidden activities to make GDP calculation - NBS The ...