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PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
It projection states that Ghana's goals of reaching high-income economy status and newly industrialized country status will be easily realized between 2020 and 2039. [ 78 ] [ 79 ] 2013 exports to [ 80 ] [ 81 ]
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The moon covers the sun during a total solar eclipse, as seen from Fort Worth, Texas, April 8, 2024. / Credit: AP Photo/LM Otero A rare total solar eclipse was witnessed across North America ...
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
This is a list of U.S. states and territories by gross domestic product (GDP). This article presents the 50 U.S. states and the District of Columbia and their nominal GDP at current prices. The data source for the list is the Bureau of Economic Analysis (BEA) in 2024. The BEA defined GDP by state as "the sum of value added from all industries ...
In the early 1990s, Ghana's economic recovery still appeared uneven and was geared primarily to the export rather than domestic market. [1] GDP had risen by an average of 5 percent per year since 1984, inflation had been reduced to about 20 percent, and export earnings had reached US$1 billion. [1]
As of October 2024, gold exports alone accounted for $9.58 billion, representing more than half of Ghana's total export earnings of $16.5 billion. [84] The mining sector also emerged as the largest source of domestic tax revenue in 2023, contributing a record GH₵11.55 billion (US$980 million) in taxes.