Question
Using the data, Compare the annual growth rates of the nominal GDP and real GDP in 2007 as well as in 2009. Which GDP grows
Using the data,
Compare the annual growth rates of the nominal GDP and real GDP in 2007 as well as in 2009. Which GDP grows faster? How can the growth differences be explained?
Compare the annual inflation rate of the GDP deflator in 2007 with the inflation rate of the CPI during the same period. What factor could explain the observed differences between both rates of inflation?
What can be said about the level of development of this country (e.g., “developed”; “developing”; “least developed”). Justify your answer.
With the data given, how would you assess any welfare advances during the period?
Can you guess the country? Justify your answer.
explanation and calculate it | Units: | Scale factor: | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
Country 1 | LCU = Local Currency Units | |||||||||||||||
Macro | ||||||||||||||||
Consumer price index | 115,8 | 123,8 | 127,7 | 133,9 | 143,4 | 153,2 | 166,1 | 190,6 | 203,1 | 217,1 | 226,2 | 234,4 | 247,7 | 259,8 | ||
Exchange rate, period average | LCU per US$ | 1,01 | 1,08 | 1,16 | 1,81 | 1,83 | 2,35 | 2,92 | 3,08 | 2,93 | 2,44 | 2,18 | 1,95 | 1,83 | 2,03 | |
GDP, nominal in local currency (LCU) | LCU | Millions | 843965 | 939147 | 979275 | 1065000 | 1179482 | 1302136 | 1477821 | 1699949 | 1941497 | 2147238 | 2369797 | 2597611 | 2889718 | 3011156 |
GDP, nominal in US$ | US$ | Millions | 838550 | 870518 | 843647 | 586929 | 644014 | 557238 | 516937 | 557403 | 664665 | 888075 | 1089517 | 1341780 | 1599974 | 1499675 |
GDP, real | LCU | Millions | 1089984 | 1127027 | 1127832 | 1130713 | 1179470 | 1195662 | 1226542 | 1241058 | 1312045 | 1353552 | 1407188 | 1486869 | 1562810 | 1556510 |
Industrial production index | 88,6 | 92,4 | 90,5 | 89,9 | 95,8 | 97,4 | 100,0 | 100,0 | 108,1 | 111,8 | 115,0 | 121,8 | 125,3 | 114,5 | ||
Interest rate, short-term | % | 27,5 | 25,0 | 29,4 | 26,3 | 17,6 | 17,5 | 19,1 | 23,4 | 16,2 | 19,1 | 15,3 | 12,0 | 12,4 | 10,1 | |
Population, total | Thousands | 164157 | 166650 | 169162 | 171675 | 174174 | 176659 | 179123 | 181537 | 183864 | 186075 | 188158 | 190120 | 191972 | 193734 | |
Unemployment rate | % | 8,1 | 8,5 | 11,4 | 11,3 | 11,8 | 10,5 | 11,7 | 12,3 | 11,5 | 9,8 | 10,0 | 9,3 | 7,9 | 8,3 | |
GDP and domestic demand | ||||||||||||||||
Consumption, government, real | LCU | Millions | 212408 | 215661 | 222588 | 226478 | 226085 | 232320 | 243261 | 246169 | 256213 | 262038 | 268730 | 281388 | 297228 | 306373 |
Consumption, private, real | LCU | Millions | 711117 | 731841 | 726462 | 729471 | 758941 | 763442 | 778324 | 772231 | 802045 | 838043 | 881489 | 937040 | 987124 | 1014979 |
Exports, goods & services, real | LCU | Millions | 84569 | 94007 | 98581 | 104498 | 117691 | 129501 | 139556 | 153886 | 177198 | 193770 | 203506 | 217163 | 215685 | 194806 |
GDP, nominal in US$ | US$ | Millions | 838550 | 870518 | 843647 | 586929 | 644014 | 557238 | 516937 | 557403 | 664665 | 888075 | 1089517 | 1341780 | 1599974 | 1499675 |
GDP, US$ prices & PPP exch rate, real, per capita | US$ | 6934 | 7063 | 6963 | 6878 | 7072 | 7069 | 7151 | 7140 | 7453 | 7597 | 7810 | 8167 | 8502 | 8390 | |
GDP, US$ prices & PPP exchange rate, nominal | US$ | Millions | 1068270 | 1122670 | 1135580 | 1154930 | 1230910 | 1276980 | 1333810 | 1377810 | 1494690 | 1584600 | 1700570 | 1845370 | 1981210 | 2000386 |
GDP, US$ prices & PPP exchange rate, real | US$ | Millions | 1138240 | 1176924 | 1177764 | 1180773 | 1231688 | 1248597 | 1280844 | 1296003 | 1370133 | 1413478 | 1469488 | 1552697 | 1632000 | 1625421 |
Imports, goods & services, real | LCU | Millions | 128791 | 147125 | 146967 | 124954 | 138491 | 140165 | 123705 | 121942 | 138005 | 149707 | 177458 | 214437 | 253648 | 219976 |
Investment, total fixed investment, real | LCU | Millions | 189505 | 206250 | 205755 | 188941 | 198151 | 199601 | 188788 | 180459 | 196405 | 203461 | 223524 | 253365 | 288284 | 245620 |
Stockbuilding, real | LCU | Millions | 21176 | 26393 | 21412 | 6279 | 17093 | 10962 | 318 | 10256 | 18189 | 5948 | 7398 | 12351 | 28138 | 14709 |
Energy | ||||||||||||||||
Oil production | barrels per day | Thousands | 795 | 841 | 969 | 1132 | 1269 | 1295 | 1455 | 1496 | 1477 | 1634 | 1723 | 1748 | 1812 | 1887 |
Socio | ||||||||||||||||
Age dependency ratio (dependents to working-age pop) | 0,59 | 0,57 | 0,56 | 0,55 | 0,54 | 0,53 | 0,53 | 0,52 | 0,52 | 0,51 | 0,51 | 0,51 | 0,51 | 0,51 | ||
Life expectancy at birth, total (years) | 66,9 | 69,4 | 70,3 | 68,3 | 71,0 | 70,6 | 70,9 | 71,8 | 72,1 | 72,4 | 72,7 | 73,1 | ||||
Calculate: | ||||||||||||||||
Total Final Expenditure, real | ||||||||||||||||
Domestic Demand, real | 1134206 | 1180145 | 1176217 | 1151169 | 1200270 | 1206325 | 1210691 | 1209114 | 1272852 | 1309489 | 1381140 | 1484143 | 1600773 | 1581680 | ||
GDP real (expenditure approach) | 1089983 | 1127027 | 1127832 | 1130713 | 1179470 | 1195662 | 1226542 | 1241058 | 1312045 | 1353552 | 1407188 | 1486869 | 1562810 | 1556510 | ||
Annual growth rate of real GDP | ||||||||||||||||
Annual growth rate of nominal GDP | ||||||||||||||||
GDP deflator | ||||||||||||||||
Annual growth rate of GDP deflator | ||||||||||||||||
CPI inflation |
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