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2005•RePEc: Research Papers in EconomicsRequires access

What the GDP Indicator Does Not Reveal in Economic Analyses (in English)

Růžena Vintrová

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Abstract

In real terms, gross-domestic-product indicators do not record a country's trading gain or loss. The real growth of gross domestic income, which include terms-of-trade changes, were approximately one percentage point higher than the GDP growth rates of the Czech Republic and belonged among the fastest in central Europe. Moreover, real GDP growth does not accurately express the development of real convergence.

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In real terms, gross-domestic-product indicators do not record a country's trading gain or loss. The real growth of gross domestic income, which include terms-of-trade changes, were approximately one percentage point higher than the GDP growth rates of the Czech Republic and belonged among the fastest in central Europe. Moreover, real GDP growth does not accurately express the development of real convergence.

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Available abstract

In real terms, gross-domestic-product indicators do not record a country's trading gain or loss. The real growth of gross domestic income, which include terms-of-trade changes, were approximately one percentage point higher than the GDP growth rates of the Czech Republic and belonged among the fastest in central Europe. Moreover, real GDP growth does not accurately express the development of real convergence.

Key concepts: Real gross domestic product, Gross domestic product, Economics, Gross domestic income, Convergence (economics), Monetary economics, Czech, International economics

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