This other line, Real GDP Growth .

While nominal GDP generally rises over long periods of time at the same rate as the money stock, with interest rates very low and declining, households and institutions were willing to hold more money relative to total nominal GDP after 2008. So, while M2 grew by more than 6 , nominal GDP grew by just 3.5 and the GDP price index rose by only 1.7 .

That extra spending means a higher level of nominal GDP (output at market prices).

The annual budget deficit is nearly 10 of GDP, higher than any of the eurozone countries. With nominal GDP stagnating, that deficit is causing the debt GDP ratio to rise by 10 annually.

But wages have grown at a far slower pace than GDP.

In some countries, such as China, Thailand, South Korea, and Vietnam, nominal GDP growth was driven to a large extent by real growth.

Real GDP growth in 2007 was 6.0 per cent.

Some of the increase in nominal GDP takes the form of higher real (inflation adjusted) GDP, while the rest shows up as inflation.

A key parameter for determining the long run sustainability of public debt is the gap between interest rates and the nominal GDP growth rate.

Even an economy with an overall budget deficit will have a declining government debt GDP ratio if the growth rate of its nominal GDP exceeds that of its debt.

Argentina s long term GDP growth has been disappointing.

In 2012, the growth rate of M2 was about 14 , relatively low by historical standards, but still significantly higher than the nominal GDP growth rate.

The first is the failure of central banks to adopt a rule like nominal GDP targeting or its equivalent.

China s GDP growth fell dramatically, owing to the collapse of external demand.

From a position of 5.1 real GDP growth in 1972, the UK went into recession in 1974, with GDP falling by 1.1 .

Since 2008, banking sector credit growth in China has been among the fastest in the world, far outpacing GDP growth, and China s total debt has risen from 130 of GDP to 220 of GDP.

Let's say over the next 10 years that the real GDP doesn't change, but the nominal GDP, due to inflation over the next 10 years, becomes 500.

At the very least, the combination of higher interest rates in the shadow banking sector and weaker nominal GDP growth undermines borrowers debt repayment capacity.

The failure of central banks to target nominal GDP growth remains incomprehensible to me, and I will not write about it until I think that I have understood the reasons.

Historically, inflation in China has followed GDP growth with a lag.

After many years of outperformance, GDP growth has slowed sharply.

GDP annual average growth for the period of 1995 2002 was 5.1 .

GDP growth registered more than 10 per year in 2006 and 2007.

Japan s GDP share is about one third of Asia and 8 of the world.

So, by the end of the year, we will see a slightly improved level of GDP, but the rate of GDP growth is likely to return to negative territory.

Since the second quarter of 2009, US annualized real GDP growth has averaged 2.4 .

China s GDP growth, which relies heavily on credit, will take a hit.

)The GDP grew after 1996 at an annual rate that averaged 3.2 real growth.

Politicians have exacerbated the situation by doubling down on fiscal austerity, which has undermined GDP growth while failing to shrink government debt GDP ratios.

That is, China s annual GDP growth rate would drop by four percentage points if its exports did not grow at all.

And what we started to see was a growth in wealth in the country, growth in GDP, and an increase in affluence.

c Calculated as a weighted average of individual country growth rates of gross domestic product (GDP), where weights are based on GDP in 2000 prices and exchange rates.

Austria is one of the richest countries in the world, with a nominal per capita GDP of 52,216 (2014 est.).

This generates liquidity, which then stimulates GDP growth.

As of this year, 1 of GDP growth is consistent with more than 3.5 of credit growth.

In 2004, the economy experienced 6.4 GDP growth and 7.1 in 2007, its fastest pace of growth in three decades.

Only 11 of its China beating nominal GDP growth between 2003 and 2011 was due to growth in real (inflation adjusted) output.

Consider Green GDP.

The Problem with Poor Countries GDP

And on this axis, GDP.

After years of double digit GDP growth, the PRC s economy is decelerating.

BEIJING China s GDP growth this year may approach 10 .

The GDP growth rate was only 1.7 in 2011, and it is not significantly higher now.

From now on, consumption must grow much faster than GDP.

Indeed, annual GDP growth has fallen by five percentage points since 2010.