Private investment will increase from 29.5% of GDP
in 2020 to 31.3% of GDP
in 2022 (2021 - 30.5% of GDP
).The increase in the share of consumption to GDP
from 98 per cent in 2020 to 99 per cent in 2022 is determined by the increase in the share of private consumption (from 83.1 per cent to GDP
in 2020 to 84.5 per cent to GDP
in 2022).State consumption will decrease (from 14.9% of GDP
in 2020 to 14.6% of GDP
As a result, the fiscal deficit, which is the difference between revenues and expAenditures of the federal government, came in at a record 8.9pc of GDP
. As late as June 2019 the government had announced that it intended to keep the deficit at 7.1pc of GDP
, whereas its target at the start of the year was set at 4.9pc.
The nominal volume of GDP
amounted to 37.825 billion manats ($22.25 billion) in January-June 2019.
Cyprus' debt is estimated at e1/421.258 bln (or 102.5% of GDP
(20.73 bln), its government deficit is e1/4-990 mln (or -4.8%), with revenues at 39.9% and expenditure at 44.7% of GDP
Current Account to GDP
The IMF has given these indicators in terms of GDP
that The Express Tribune has translated into rupees by using the projected size of the economy in fiscal year 2018-19 ending June 30 and fiscal year 2019-20.
In a previous article, I discussed the different issues surrounding the use of GDP
as an economic measure, despite the introduction of derivatives to address discrepancies in exchange rates, income distribution, among others.
Though the aggregate revenue receipt-to-GDP ratio has been budgeted at 22 percent for FY19, Pant said achieving a nominal GDP
growth of about 14 percent looks difficult.
Private industries accounted for $49.38 billion of Rochester's GDP
last year, with finance, insurance, real estate, rental and leasing accounting for $9.635 billion of that total.
It was 29 per cent in 2016/17The contribution of the agriculture sector to the GDP
was at 36.68 per cent in fiscal year 2010/11 and its contribution to the GDP
has been declining gradually thereafter.
8 percent of GDP
, and next year to 0.3 percent of GDP
Flash estimates for GDP
in the context of general conditions for the preparation of short-term indicators are based on preliminary short-term information (subject to subsequent update and revisions) expert assessments and models for the components of GDP
structure, for which direct basic information at the time of calculation is not available.