economic growth rate

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. China's economic growth rate was 6.1% in 2019, the slowest since it hit 10.6% in 2012. An increase in aggregate demand AD = (C+I+G+X-M) – a rise in consumption, investment, government spending, exports – imports. The Phases of Economic Growth . Economic growth creates more profit for businesses. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Looking forward, we estimate GDP Annual Growth Rate in India to stand at 15.00 in 12 months time.

Thailand Industrial Output Falls the Least in 17 Months, Thailand Imports Drop Less than Estimated, Thailand September Trade Surplus Below Estimates, Thailand Car Sales Fall 4.1% in September, Thailand Consumer Prices Decline for 7th Month, Thailand Manufacturing PMI Highest in 9 Months, Thailand Leaves Rates Steady, Sees Weaker Recession, China Services Growth at 7-Year High: NBS, China Manufacturing Expands for 8th Month: NBS, Dollar Up for 3rd Day to Book Best Week in a Month, US Stocks Plunge, Book Worst Week Since March, TSX Drops on Friday, Books 4.5% Weekly Loss, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April. In addition, net external demand contributed negatively, as exports (-22% vs -6%) dropped more than imports (-21.2% vs 3.7%). GDP Annual Growth Rate in India is expected to be -10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Thailand's economy grew 0.1 percent quarter-on-quarter in the three months to September 2019, after a downwardly revised 0.4 percent expansion in the previous period, in line with market expectations. An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Thailand's economy contracted 2.2% quarter-on-quarter in the three months to March 2020, compared to market estimates of a 4.5% decline and after a revised 0.2% fall in Q4. Household consumption slumped (-7.6% vs -0.1% in Q1), with fixed investment falling for the third consecutive quarter (-2.2% vs -5.6%). GDP Growth Rate in Thailand averaged 0.79 percent from 1993 until 2020, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.70 percent in the second quarter of 2020. This is when the economy is growing in a sustainable fashion. 4  If it expands much beyond that for too long, it hits the peak. GDP (constant 2010 US$) GDP (current US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual … One can define economic growth as the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
Publish your articles and forecasts in our website. 1961 - 2019. That creates an asset bubble. Analysts watch economic growth to discover what stage of the business cycle the economy is in. Agriculture also makes a significant contribution - around 13 percent of GDP. When the economy is expanding, the GDP growth rate is positive. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. If growth is too far beyond a healthy growth rate, it overheats. Accordingly, price movements will not inflate the growth rate. Economic growth is caused by rising demand and an increase in productive capacity. The best phase is expansion. On the production side, nonagricultural output contracted (-3.1% vs 1.2%), due to declines in both the industrial sector (-1% vs -0.4%) and services (-4% vs 1.8%); while agricultural activity bounced back (0.4% vs -5.8% in Q4). For measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of a reference year; this is called a chain-linked series.

License: CC BY-4.0 Line Bar Map. As a result, stock prices rise. Statisticians conventionally measure such growth as the percent rate of increase in real gross domestic product, or real GDP. Share Details. Government spending (-0.6% vs -1.5% in Q4) and fixed investment (-6.1 vs -1%) fell further while household consumption rose slightly less (0.2% vs 0.6%).

Direct access to our calendar releases and historical data. Economic growth is an increase in the production of goods and services over a specific period. Download historical data for 20 million indicators using your browser. On the production side, nonagricultural output collapsed (-11% vs -2.9%), due to plunges in both the industrial sector (-11.4% vs -1.3%) and services (-10.7% vs -3.6%); while agricultural activity bounced back (5.2% vs -2.9%). That was the weakest growth rate in a year, led by a contraction in industrial and agriculture sectors. The real economic growth rate is expressed as a percentage that shows the rate of change in a country's GDP, typically, from one year to the next. The ideal growth rate is between 2% and 3%.

Thailand's economy grew by 0.2 percent quarter-on-quarter in the three months to December 2019, the same as an upwardly revised figure in the previous quarter but missing market consensus of a 0.4 percent expansion. At that point, the bubble bursts and economic growth stalls. Services constitute around 44 percent of GDP. To be most accurate, the measurement must remove the effects of inflation. The Trading Economics Application Programming Interface (API) provides direct access to our data. GDP Annual Growth Rate in European Union averaged 1.57 percent from 1996 until 2020, reaching an all time high of 4.60 percent in the second quarter of 2000 and a record low of -14.40 percent in the second quarter of 2020.
Increase in aggregate supply (increase in capital, investment, higher labour productivity) See more on the causes of economic growth Label. The Gross Domestic Product (GDP) in European Union contracted 14.40 percent in the second quarter of 2020 over the same quarter of the previous year. In addition, net external demand contributed negatively, as exports dropped at a quicker pace (-5.3% vs -1.9%) while imports rebounded (3.7% vs -3.4%). The government is slowing growth to prevent bubbles. Thailand's economy contracted 9.7% quarter-on-quarter in the three months to June 2020, compared with market estimates of an 11.4% decline and after a revised 2.5% decrease in the prior quarter. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). It was the third straight quarter of contraction and the steepest on record, amid the severe impact of the coronavirus outbreak. Thailand is an export oriented emerging economy. At the same time, government spending grew for the first time in three quarters (2.9% vs -0.2%). 1993-2020 Data | 2021-2022 Forecast | Calendar | Historical. It was the second consecutive quarter of economic contraction, thus pushing the economy into the deepest recession since the last quarter of 2011, amid the severe impact from the coronavirus outbreak. If it's growing, so will businesses, jobs, and personal income.

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