Tag Archives: GDP

Gross Domestic Product (GDP) per capita stands as a fundamental metric in the realm of economics, offering invaluable insights into the economic health and well-being of a nation’s population. It serves as a tool for comparing living standards, gauging economic development, and assessing the distribution of wealth within a country. …

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates will officially become full members of emerging economies bloc BRICS, which stand for Brazil, Russia, India, China and South Africa. South Africa’s President Cyril Ramaphosa, who announced the consensus decision during a Heads of State press briefing on the …

Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …

Like other professions, Economists use many abbreviations. One of the most common is GDP, which represents Gross Domestic Product. According to the International Monetary Fund, the term has become widely used as a reference point for the health of national and global economies. The Gross Domestic Product (GDP) comprehensively measures …

A new World Bank report has revealed that Ghana had accumulated significant government arrears prior to the COVID-19 pandemic. This is far higher than the projected arrears post-COVID-19. The report, dubbed: “Finance for an Equitable Recovery”, indicates that the percentage of the country’s arrears was estimated at almost 5% of …

Former President John Mahama Ghana’s debt level is unsustainable and the cause of the current hardship that ordinary citizens are suffering, former President Jon Mahama has said.“Our debt has ballooned to unsustainable levels – topping 80% of GDP – exposing us to very high risk of debt default“, the 2020 …

Government could increase the education budget by US$1.5 billion if it increases the tax-to-GDP ratio by 5 percentage points in the medium term, international civil society organisation, ActionAid has said in a new report. ActionAid estimated that a 5-percentage-point increase in the tax-to-GDP ratio would lead to about US$7.8 billion …

Sweden’s GDP fell more than its Nordic neighbours in the second quarter of 2020, dealing another blow to its lockdown-free coronavirus strategy. Sweden’s official statistics agency said that Sweden’s GDP fell by 8.6% in Q2. In comparison, Finland’s statistics body said that its Q2 GDP was down 3.2%, and Denmark’s …