In GDP terms, it fell even more, because GDP grew by 8.7 in 2008.

However, over the years these have steadily increased in absolute terms though not in terms of percentage of GDP.

It turns out even during the Cultural Revolution, China out perfomed India in terms of GDP growth by an average of about 2.2 percent every year in terms of per capita GDP.

In terms of GDP per capita, Qatar is the richest developing country in the world.

Simply put, Western Europe is overrepresented in international organizations, given its size in terms of GDP and even more so in terms of population.

If this metropolitan area were a country, it would rank about 14th in the world in GDP terms.

Estimates show that the cost in terms of adaptation would be less than 1 of global GDP.

But, after the World Bank revised China s GDP in PPP terms downward by 40 , that undervaluation disappeared.

Moreover, embedding these values in European institutional arrangements demands no sacrifices in terms of long term GDP growth and employment.

Over the last 30 years, in terms of the GDP growth rates, China has grown at twice the rate of India.

It has a transition economy that is dependent on aluminum and cotton production, its economy is the 126th largest in the world in terms of purchasing power and 136th largest in terms of nominal GDP.

In 2001 02, the GDP had grown from 433.6 million to 470.2 million, representing an annual economic growth rate of 8.4 per cent in money terms and 7.8 per cent in real terms after deducting inflation.

There are market economies that are doing better, both in terms of both GDP growth and rising living standards for most citizens.

For example, Sweden the 14th largest member state in terms of population, and eighth in terms of GDP under the leadership of Prime Minister Fredrik Reinfeldt and Foreign Minister Carl Bildt punches considerably above its weight.

Liberia is Sub Saharan Africa s second poorest, seventh poorest, or 22nd poorest country in terms of GDP, depending on which authority you consult.

Likewise, geo economic calculations of relative GDP, terms of trade, and foreign exchange reserves carry significant weight in determining the balance of power.

It is one of the wealthiest countries in the world in terms of GDP (per capita), with a figure comparable to the most developed European regions.

Per capita GDP (excluding Iraq and Palestine) increased by 2.3 per cent in real terms, while average population growth was estimated at 2.4 per cent.

, Japan is the third largest national economy in the world, after the United States and China, in terms of nominal GDP, and the fourth largest national economy in the world, after the United States, China and India, in terms of purchasing power parity.

That is, the per capita GDP gap between China and developed countries essentially reflects the gap between them in terms of overall technological and industrial achievement.

For most emerging market countries, however, nominal GDP growth in the 2003 2011 period was caused by terms of trade improvements, capital inflows, and real appreciation.

The region s success has been underpinned by dynamic growth in China and India, which account for almost 60 of the continent s total GDP in purchasing power parity terms.

But Scandinavia is good in terms of levels of per capita GDP and unemployment. Its average per capita GDP was 39 above that of the other EU countries, and on average the unemployment rate stood at 6.7 , compared to 8 elsewhere in the old EU.

Despite the Bush era tax cuts, the 2001 2007 expansion was the worst of the post war period in terms of investment, employment, wage, and GDP growth.

And, when measured in terms of purchasing power parity, China s GDP will reach that of the US around 2015, thus changing the world s balance of economic power.

Indeed, Argentina s economy would be better off today if Argentina had borrowed in terms linked to its GDP decades ago rather than at an interest rate denominated in dollars.

For all of our lives, my generation has defined success in terms of rising GDP growth more money in more pockets, more resources for public programs, and more jobs.

The US economy s road to recovery is being built on the shale gas revolution, a revived manufacturing sector, and a decline in the US budget deficit in GDP terms.

But, because the fall in import growth had yet to turn into a rout, while China s exports to Europe plummeted, China s current account surplus fell further in GDP terms in 2011.

But growing inequality is not inevitable. There are market economies that are doing better, both in terms of both GDP growth and rising living standards for most citizens.

Many small developing countries also receive remittance flows that are significant as a share of GDP or in per capita terms Lebanon, Lesotho, Tajikistan and Tonga are examples.

Overall, China s trade surplus has decreased by 36 in absolute US dollar terms, and has dropped by more than half (53 ) in proportion to GDP over the past two years.

But, in terms of R D spending as a share of GDP, the US ranked only eighth in 2009 (at 2.9 of GDP). The US share remained above the OECD average, but this was mainly the result of national differences in the amount of R D defense spending.

GDP per hour worked is growing 2.5 per year for the economy as a whole and the trade terms balanced productivity growth is 2 .

But, while the value of these studies is in the light that they shed on the parts, the ensuing headlines invariably are about the whole, articulated in terms of GDP and jobs.

Economy Austria is the 12th richest country in the world in terms of GDP (Gross domestic product) per capita, has a well developed social market economy, and a high standard of living.

In the last five decades, international tourism in Spain has grown to become the second largest in the world in terms of spending, worth approximately 40 billion Euros or about 5 of GDP in 2006.

The disparity between the parties in terms of economic size the EU s GDP is almost three times larger than Japan s is not so wide as to lead to the strong arm tactics seen in the EU Canada talks (a relationship in which Europe has a tenfold advantage in terms of output).

Between 2001 2002 and 2007 2008, social welfare spending in countries with abundant natural resources increased by around 55 in real terms, with spending relative to GDP rising by nearly 3.5 percentage points.

And, even on such generous terms, Greece would probably need a daunting 10 of GDP fiscal adjustment just to return to a more stable debt path.

Angola, Ethiopia, Ghana, and Nigeria also had very significant real growth, but nominal GDP was boosted by very large terms of trade effects and real appreciation.

Since NAFTA, Mexican real GDP has grown at 3.6 per year, and exports have boomed, going from 10 of GDP in 1990 and 17 of GDP in 1999 to 28 of GDP today.

China is fourth and rising in terms of international patent applications. At the same time, China is targeting a research and development share of GDP of 2.2 by 2015 double the ratio in 2002.

The benefits of lifting economic sanctions on Liberia are obvious in terms of creating employment, kick starting the rural economy, maintaining roads and contributing to social services and GDP, among other things.

The fifth shock was German unification, which is a failure in economic terms. GDP per working age person in East Germany had been 61 of the West German level in 1996, but it is now only 59 .