Word: gdp
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...debate, the leaders agreed to establish a single European Currency Unit, the ECU, as early as January 1997. But each country must first meet stringent economic criteria. Among them, total government debt must fall below 60% of gross domestic product, and budget deficits may not surpass 3% of GDP. If fewer than seven countries meet the test by the target date, then the currency will be delayed until 1999, when qualifying nations will put the ECU into circulation as their legal tender. Countries still unable to adopt the ECU by that date will do so when their economic performance matches...
...domestic product instead of the more familiar gross national product as its preferred gauge of the economy's health. Both measure the total output of goods and services. But the GNP, in use since 1941, covers production by a country's workers wherever they are in the world. The GDP, which the rest of the industrialized world uses, covers only the production within a nation's borders. Unfortunately, this statistical lens doesn't improve the current picture. The new figures show the economy grew 1.7% in the most recent quarter, down from a previously reported 2.4%, measured...
...established to help Egypt and Jordan recover from the 1967 and 1973 wars, and along with Saudi Arabia, has contributed to the more moderate Palestinian faction. Kuwait became one of the world's major aid donors in 1977, when its contributions reached eight percent of the gross domestic product (GDP). This percentage was the largest in the world from 1981-85. In addition, Kuwait has been active in directing economic, medical and humanitarian aid to Pakistan, the Sudan and the Mujaheddin resistance in Afghanistan. In short, Kuwait has always recognized the regional responsibilities that come with economic prosperity...