Gross Domestic Product Growth Rates of different countries in percent and USD | reasons for increasing and decreasing in GDP

Gross Domestic Product (GDP)

Growth Rate (In Percent)

Country	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
China	11.4	12.7	14.2	9.6	9.2	10.6	9.5	7.8	7.7	7.3
Malaysia	5.3	5.6	6.3	4.8	-1.5	7.4	5.3	5.5	4.7	6.0
Pakistan	7.7	6.2	4.8	1.7	2.8	1.6	2.7	3.5	4.4	4.7
India	9.3	9.3	9.8	3.9	8.5	10.3	6.6	5.1	6.9	7.3
Australia	3.2	3.0	3.8	3.7	1.7	2.0	2.3	3.7	2.5	2.73

Gross Domestic Product (GDP)

Growth Rate (In Dollars)

Country	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
China	1740.1	2082.2	2673.3	3441.2	3800.5	4514.9	5574.2	6264.6	6991.9	7590
Malaysia	5564.2	6194.7	7240.7	8486.6	7312	9069	10427.8	10834.7	10973.7	11307.1
Pakistan	714	877	953	1042.8	1009.8	1043.3	1230.8	1266.4	1275.4	1316.6
India	729	816.7	1050	1022.6	1124.5	1387.9	1471.7	1449.7	1455.1	1581.5
Australia		746.9	853.05	1054.56	926.56	1142.26	1389.92	1537.48	1563.9	1454.68

Reasons of Increasing and Decreasing in GDP

1-China

Demographic shifts(One Child Policy, No youth, increase in old population they live long due to good health).Land and property rights are the reasons for decreasing.

 Capital accumulation--the growth in the country's stock of capital assets, such as new factories, manufacturing machinery, and communications systems--was important, as were the number of Chinese workers, a sharp, sustained increase in productivity (that is, increased worker efficiency) was the driving force behind the economic boom of China.

2-Malaysia

Decreases due to: This year has seen tumultuous changes across the entire spectrum of the Malaysian body politic and economy. Unlike in earlier years of Prime Minister NajibTunRazak’s six-and-a-half year tenure, Malaysia’s economy is now seen to be in trouble, with contracting growth, rising inflation, continued high levels of capital flight, declining consumer and investor confidence, and a depreciating currency.

Increases due oil Industry, Industry of automobiles, mobiles, Optics, led, tourism etc.

3-Pakistan

Decreases due to:

§   VCP

§  Unemployment

§  Increase Utility charges

§  Poverty

§  Backwardness of Agricultural sector

§  Inflation

§  Population

§  Energy crises

§  Illiteracy

§  Poor Governess

§  Corruption

§  Terrorism

Increases due to: Investment of china, Turkey and exports of vegetables, Rice and wheat, meat.

4-India

Decreases due to: Corruption, increases in Army Budget. Lack of skilled manpower in India, Inadequate infrastructure, Competition from China affecting many exporting units.

GDP Increases due to: Foreign investment, Agriculture, Car and tractor industry, Film Industry, Exports.

5-Iran

Decreases due to: Inflation, Unemployment, Economic mismanagement, Increasing in oil exports of Iraq, Qatar and UAE.

Increases due to: remove the restrictions by the America, Oil export, Tourism, Foreign investment.

How to Calculate Gross Domestic Product:

The equation used to calculate GDP is as follows:

GDP = Consumption + Government Expenditures + Investment + Exports - Imports

The components used to calculate GDP include:

Consumption:

-- Durable Goods (items expected to last more than three years)

-- Non durable goods (food and clothing)

-- Services

Government Expenditures:

-- Defense

-- Roads

-- Schools

Investment Spending:

-- Nonresidential (spending on plants and equipment), Residential (single-family and multi-family homes)

-- Business inventories

Net Exports:

-- Exports are added to GDP

-- Imports are deducted from GDP

The GDP report also includes information regarding inflation:

-- The implicit price deflector measures changes in prices and spending patterns.

-- The fixed-weight price deflector measures price changes for a fixed basket of over 5,000 goods and services.

Measured by Current Dollar

GDP is calculated both in current dollars and in constant dollars. Current Dollar GDP involves calculating economic activity in present-day dollars. This, however, makes time period comparisons difficult due to the effects of inflation.

Measured by Constant Dollar

 By comparison, Constant Dollar GDP factors out the impact of inflation and allows for easy comparisons by converting the value of the dollar in other time periods to present-day dollars.