Dataset Details

Real GDP growth rate - volume

Percentage change on previous year
Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. 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. Accordingly, price movements will not inflate the growth rate.

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Additional information

Code: tec00115
Last update: 19/10/18
Oldest data: 2006
Most recent data: 2017
Number of values: 486
Themes: Economy and finance