Economic Indicators Explained

Gross Domestic Product (GDP)

GDP in current USD measures the total market value of all goods and services produced in a country using current prices.

GDP per capita divides the GDP by the total population, giving an average economic output per person.

GDP annual growth shows the percentage increase or decrease in economic output compared to the previous year.

GNI represents the total income earned by a country's residents, including net income from abroad.

GNI per capita provides an average income per person, useful for comparing living standards across countries.

This metric shows the average yearly increase in the Consumer Price Index (CPI), reflecting changes in the cost of living.

It measures the increase in CPI from the end of the previous year to the end of the current year, indicating inflation trends.

The GDP deflator measures inflation by comparing the current GDP to a base year's GDP, accounting for price changes.

The Gini coefficient measures income inequality within a country, where 0 represents perfect equality and 1 represents maximum inequality.

This metric shows the percentage of total income earned by the poorest 10% of the population, indicating economic inclusivity.

It shows the share of income owned by the wealthiest 10%, providing insights into wealth distribution.

Unemployment measures the percentage of the labor force that is without a job but actively seeking employment.

This metric shows the value of goods and services a country exports relative to its GDP, indicating economic openness.

Imports as a percentage of GDP indicate the extent to which a country relies on foreign goods and services compared to its own production.