Gross Domestic Product (GDP)

Gross Domestic Product (GDP) Calculates Economic Growth
The Gross Domestic Product (GDP) is an important financial indicator. Here's a look at how it calculates economic growth.

Can Gross Domestic Product (GDP) Figures be Trusted?
The GDP figure is vulnerable to "creative accounting".

Greek Economy Up 25% - With a Little Help From Prostitutes
· Athens adds black market output to its GDP figures · Move staves off EU fines for breaking deficit rules

China To Increase Its GDP
According to President of China Hu Jintao, China will proceed along the path of peaceful development to achieve a peaceful, open and cooperative development.

Of Course the Wealthy Want an Immigration Free-for-all
The use of cheap foreign Labour may boost our GDP, but it enriches the well-off at the expense of the low-paid.

Lies, Damned Lies and Statistics - Government Reporting
Lies, Damned Lies and Statistics exposes government economic reporting. The truth be told, the inflation rate is over 10 percent, job creation less than zero and growth in GDP based on credit rather than production. This is the first in a series explaining in layman's terms the truth that the Government is trying to hide.

Forecast Cut for Eurozone Gdp
The 12-nation eurozone is likely to record an even worse year of growth than 2004's lacklustre performance, the European Central Bank will admit today.

ExxonMobil Reports Annual Profits of $25bn
US oil giant ExxonMobil sealed its status today as a supreme money-spinner by reporting annual profits that exceeded the GDP of Syria.

ECB Cuts Interest Rates By 0.5%
The European Central Bank today cut interest rates by 0.5% to 2% after the eurozone stagnated at the beginning of the year. According to the EU statistics office, gross domestic product (GDP) was flat in the 12-member eurozone in the first three months of this year, compared to the...

US Economic Growth Accelerates
The US economy grew at a 1.9% annual rate in the first quarter, faster than reported a month ago, official figures showed today. The latest reading on gross domestic product (GDP), the broadest measure of the economy, for January to March, showed the world's largest economy expanding...

German crisis heralds wider decline
Analysts bluntly described the latest growth figures from Germany as shocking. In a nasty surprise for economists, gross domestic product in the world's third most important economy shrank 0.2% in the first three months of this year.

German Slump Points to Sluggish Eurozone
The German, Dutch and Italian economies - accounting for more than half of eurozone economic activity - all shuddered to a halt in the first quarter, official figures showed today. The most worrying news came from Germany, the world's third largest economy. German gross domestic product...

Dow climbs 11% as weak GDP keeps door open for rate cut
Wall Street was last night heading for its biggest one-month gain in almost 16 years as a clutch of poor economic data kept the prospect of further interest rate cuts alive.

Games People Play
Games and role-playing are as ancient as Mankind. Rome's state-sponsored lethal public games may have accounted for up to one fifth of its GDP. They often lasted for months. Historical re-enactments, sports events, chess - are all manifestations of Man's insatiable desire to be someone else, somewhere else - and to learn from the experience.

Deficit woes prompt calls for rethink
Few experts believe that Germany will meet its budget deficit target this year. A report yesterday said that the European commission expects the German deficit to soar above the 3% limit agreed at Maastricht. The business daily Handelsblatt quoted commission sources as saying they were pencilling in a figure of 3.7% of GDP.