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The State posted a record growth of 7.02% at Constant Prices (2011-12) against the country’s growth of 7%. [2] [14] In 2014–15, the state ranked eighth in GSDP at current prices, which stood at ₹ 5,200.3 billion (US$62 billion). It recorded 12.03% growth compared to previous fiscal which was ₹ 4,641.84 billion (US$56 billion).
In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the ...
Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP (US$31.6 billion─55 percent), followed by the secondary sector ($17 billion─29 percent), and the primary sector (US$9.5 billion─16 percent).
In the late 1970s and early 1980s, an alternative stock market, trading in shares of Gulf companies, emerged in Kuwait, the Souk Al-Manakh. [44] At its peak, its market capitalization was the third highest in the world, behind only the U.S. and Japan, and ahead of the UK and France. [44] Kuwait has a large wealth-management industry. [44]
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. [1] This includes markets that may become developed markets in the future or were in the past. [ 2 ]
Average GDP growth 1947–2009 Source: Bureau of Economic Analysis The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion .
In 1990 the annual rate of GDP growth had declined to -11.6%. [5] Although the Yugoslav economy did include elements of workplace democracy and gave workers more democratic control over the economic management of enterprises, it also caused high regional inequality. Slovenia's GDP Per Capita was 12383$ and Kosovo's GDP per capita only 1,592$ by ...
GDP growth in 2008 was 9.2%, reflecting a slowing of the robust growth of 11.5% seen in 2007. Although growth slowed to 2.4% in the first half of 2009, due to the global economic downturn, it is expected to improve in 2010 and is still one of the most positive growth rates in the region.