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GDP growth rate

Economic terminology
GDP growth rate refers to gross domestic product The annual growth rate of gross domestic product To calculate. GDP growth rate is Macroeconomy One of the four important observation indicators of unemployment rate Inflation rate and Balance of payments )。 so-called growth rate It refers to the period from one period to the next percentage Change of. [1]
Chinese name
GDP growth rate [1]
Introduction to terms
The calculation formula of GDP growth rate is:
GDP growth rate=
Current GDP - previous GDP
X 100%
GDP of last period
Comparable price The relationship between GDP growth rate and current GDP growth rate is as follows:
Comparable GDP growth rate=
1+Current GDP growth rate
Price index with base period of 100
GDP growth rate is based on 1978 Retail price index Calculated Real GDP growth rate Bureau of Statistics The announced GDP growth rate is based on Constant price Accounting.
Due to the official gross domestic product growth rate The calculation of is from different base years. For example, the price in 1980 is used as the base year price for calculating the growth rate in the period from 1981 to 1990, and the price in 1990 is used as the base year after 1991. Because of two Development stage The average growth rate of this period will decrease due to the interaction between. If consistent 1990 base year prices are used Recalculate , 1985-1993 Annual average growth rate From the official 9.7% to 9.4%. The official GDP is also inaccurate( Hu Yongtai ,1998)。 Therefore, Hu Yongtai believes that the estimation method of average GDP growth rate and average TFP growth rate is inferior to the estimation method of their respective possible ranges, which includes the real situation. That is to determine the upper or lower limit of the possible range of GDP growth rate and TFP growth rate, so that the real GDP and TFP are in this region. GDP growth Ceiling Estimated value Provided by official data (calculated in consistent base year) Minimum It is calculated from the industrial output value after being deflated by the ex factory price index. [1]