The overall workload of the Commission will remain unchanged.

GDP is really just an account of the market value of all goods and services.

Secondly, the gross domestic product must be expanded so as to produce goods and services for the domestic, regional and international markets.

Private capital flows have exploded since, dwarfing trade in goods and services.

The real problem is that many analysts had exaggerated the size of the luxury goods segment in emerging markets.

Additionally, liver makes up about 10 of the fish's total body weight, and its liver is six times the size of those of freshwater fish of comparable size.

This implies that an increase in imports of consumer goods equivalent to 10 of GDP could generate an increase in measured GDP of about 10 as well.

Sources UNCTAD, Handbook of Statistics, 2004 (exports and imports of merchandise) and World Bank, World Development Indicators 2005 (GDP).

Yemen s GDP is only 10 the size of Greece s, representing 0.05 of global output, and its economy is not significantly linked to the international financial system.

The econometric model is essentially the one used in the gravity literature that encompasses the determinants of the size of a country's external sector and the goods flow between trade partners.

Unless their growth rates slow sharply, their contribution to world output will rise dramatically, and global growth will be stronger than worried Western analysts might appreciate.

Kosovo has a strongly negative balance of trade in 2004, the deficit of the balance of goods and services was close to 70 percent of GDP, and was 39 of GDP in 2011.

Indeed, if foreign owned enterprises exports are deducted from the total trade volume, the surplus vanishes, because both the overall balance of merchandise trade and the balance of trade in services normally run deficits.

What matters is their output of modern industrial goods (and services), which can expand without limit as long as domestic demand expands simultaneously.

As to national aid, we intend to increase our volume of official development assistance to 0.51 per cent of our gross domestic product (GDP) by 2010.

This article includes a list of countries in the world sorted by their gross domestic product (GDP), the value of all final goods and services produced within a state in a given year.

However, China s large size and low per capita income and capital stock imply continued rapid growth in its demand for commodities.

The change in a country s debt burden reflects the size of its primary budget balance (the balance minus interest payments) as a share of GDP, as well as the difference between its borrowing costs and its GDP growth rate.

There were some ups and downs along the way, but the overall trend has been downward, and the magnitude of the decline nearly five percentage points is striking.

As a result, in less than a decade, GDP has tripled, making Turkey the world s 16th largest economy.

In 2004, the volume of foreign direct investment in South East Europe reached the level of 5 per cent of the regional countries' collective gross domestic product.

Total sales of consumer goods increased by 14.8 in 2010 and domestic fixed investment grew by 19.5 , both in real terms.

How large is the induced growth in GDP from higher imports? The retail price is often more than twice the wholesale price paid by the importer.

As a result, the income of the global elite is growing both rapidly and independently of what is happening in terms of overall output and employment growth. Demand for luxury goods is booming, alongside weak demand for goods and services consumed by lower income groups.

And, with growing over capacity, investment in goods production may fall even further, with serious implications for GDP.

The information technology industry alone accounted for 2.6 per cent of India's gross domestic product (GDP), whilst IT goods and services accounted for 21 per cent of the country's exports.

Globalization allowed the US to suck up the savings of the rest of the world and consume more than it produced, with its current account deficit reaching 6.2 of GNP in 2006.

Despite these difficulties, the Mekong River is already an important link in the transit chain between Kunming and Bangkok with about 300,000 tonnes of goods shipped via this route each year.

NEW YORK The decade long commodity price boom has come to an end, with serious implications for global GDP growth.

Despite the commodities boom of the last decade, its industrial output relative to GDP is no higher than it was when the effort to create a BRICS bloc began.

With its defense spending having grown almost twice as fast as its GDP, China is now beginning to take the gloves off, confident that it has acquired the necessary muscle.

In Labour s first nine years of governing, public expenditure as a proportion of GDP was lower than in the comparable Conservative period.

This means that banks in China on average are larger than in the US, especially in view of the difference in the size of the two countries GDP.

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Finally, the external sector accounts for only about 20 of India s GDP. Most of the economy is a domestic affair Indians producing goods and services for other Indians to consume in India.

For example, in commodity dependent and resource strapped Lesotho, remittance receipts represented about 27 per cent of GDP in 2001.

These borrowings caused a surge in non performing bank loans in the early and mid 1990 s, when total non performing loans hit 40 of GDP.

The scale of the needed support is comparable to the Marshall Plan, which committed 1 of the United States GDP per year to help European reconstruction after World War II.

Private sector growth is hampered by a fragile business environment characterized by poor physical and financial infrastructure, small scale industries with a limited contribution to GDP, and a vast black market.

The increased demand for Greek goods and services would raise Greece s GDP, increasing tax revenue and reducing transfer payments.

While Asia s economic output is too small to pull up growth in the rest of the world, it may be enough to push up commodity prices.

Commodities

The size of Moscow s city budget is close to that of New York City.

The Association Agreement, which runs to some 1,200 pages, would remove almost all EU tariffs on Ukrainian goods, boosting the country s long term GDP by an estimated 12 .

And, by using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards.