GDP (per capita) growth in 2014

GDP (per capita) growth in 2014

Definition of GDP Growth: „Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.“ – The World Bank GDP growth worldwide in 2014: Statistical concept and methodology: „Gross domestic…

Adjusted net national income per capita 2014

Adjusted net national income per capita 2014

Definition of adjusted net national income: „Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.“ – World Bank  Statistical concept and methodology: „Adjusted net national income complements gross national income (GNI) in assessing economic progress (Hamilton and Ley 2010) by providing a broader measure of national income that accounts for the depletion of natural resources. Adjusted net national income is calculated by subtracting from GNI a charge for the consumption of fixed capital (a calculation thatyields net national income) and for the depletion of natural resources. The deduction for the depletion…