The GDP values by state for 2019 will be available in 2020, and so on and so forth. Looking at the GDP by state in 2018 only tells you how each state performed in a given year. The income approach is the former of the two, and it is defined by calculating how much money everyone in a certain location kept as profits over the course of a year. These are two different ways of viewing GDP in a country. Looking at economical performance from one year to the next is important in order to see where the state is thriving and where the state could use additional effort, but it is more informative for the GDP values to reflect shorter periods of time. A lot of changes take place on a month-to-month basis, and economies are already very fluctuating variables, so it makes more sense to view trends on a smaller scale than reflecting on GDP values once at the end of every year. In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. Here are the percentages of change between the third quarter GDP values and the fourth quarter Looking back in history is never a bad idea. GDP in USA. While many unfortunate events have happened and many ill circumstances have transpired, viewing how everything used to be helps people in present time understand how far everyone has come. Home > Countries > United States > GDP . Over half of it was generated by three Member States: Germany, the United Kingdom and France.With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. Now that we understand that GDP values reflect the economic performance of a state, let’s start looking at numbers! GDP, or gross domestic product, is a reflection of the economy in a particular region of the world.Though it makes sense to refer to states as having a GDP, you might run into situations where the economic performance of a state is referred to as the GSP, which stands for gross state product. The economy shrank at the sharpest rate since Q4 2008 in the first quarter as the pandemic and measures to contain it hammered activity. With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. GDP growth (annual %) - United States. It was followed by the United Kingdom (16.0%), France (15.0%), Italy (11.3%), Spain (7.5%) and the Netherlands (4.7%).At the opposite end of the scale, eleven Member States had a GDP of less than 1% of the EU total.
Germany (29.2%) and France (20.7%) made up half of the euro area GDP. The table below presents the nation's GDP for each year since 1929 compared to major economic events. World Bank national accounts data, and OECD National Accounts data files.
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