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GDP Deflator
In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them. It can be used as a measure of the value of money. GDP stands for gross domestic product, the total monetary value of all final goods and services produced within the territory of a country over a particular period of time (quarterly or annually). Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to year with people's consumption and investment patterns. Calculation Measurement in national accounts In most systems of national accounts the GDP deflator measures the ratio of nominal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bureau Of Statistics (Nepal)
The Central Bureau of Statistics () is the central agency for the collection, consolidation, processing, analysis, publication and dissemination of statistics in Nepal. One of its core tasks is to research and publish censuses of Nepal, the most prominent one being the overall population census and Demographics of Nepal. History The Central Bureau of Statistics was established in 1959 under the National Planning Commission of Nepal, which is headed by the Prime Minister of Nepal. Before 2015, different Nepalese governmental organisations gathered statistical information on their own. This led to inconsistencies in statistical information, for which the Bureau called for improvement of the processes, which, however, were not implemented as of 2017. The Bureau's main functions include providing its government with statistics to help with public policy planning, collecting and analyzing socioeconomic data, and developing methodologies for reliable data collection and implementatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Consumption Expenditures Price Index
The PCE price index (PCEPI), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase in prices for all domestic personal consumption. It is benchmarked to a base of 2012 = 100. Using a variety of data including U.S. Consumer Price Index and Producer Price Index prices, it is derived from the largest component of the GDP in the BEA's National Income and Product Accounts, personal consumption expenditures. The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes da ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chained Volume Series
A chained volume series is a series of economic data (such as GDP, GNP or similar kinds of data) from successive years, put in real (or constant, i.e. inflation- and deflation-adjusted) terms by computing the aggregate value of the measure (e.g. GDP or GNP) for each year using the prices of the preceding year, and then ' chain linking' the data together to obtain a time-series of figures from which the effects of price changes (i.e., monetary inflation or deflation) have, at least in theory, been removed. In other words, from the raw (i.e. nominal) GDP or GNP data, which reflect changes in both production volume and prices, a series is obtained where the changes between years reflect only changes in production volume (and not changes in price). The year-by-year chain linking method differs from some other techniques for compensating for monetary inflation and deflation that are used in economics, such as the consumer price index. The consumer price index uses the observed price of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermann Paasche
Hermann Paasche (; February 24, 1851 – April 11, 1925) was a German statistician and economist. He is known for his Paasche Index, which provides a calculation of the Price Index. Paasche studied economics, agriculture, statistics and philosophy at University of Halle. In 1879, he became a professor of political science at Aachen University of Technology. Paasche died in 1925 in Detroit, Michigan, United States. Education In 1870, Paasche matriculated from the Burg Gymnasium. At the University of Halle he first studied agriculture. After military service, his studies continued, however, his attention turned to economics, statistics, and philosophy. Paasche completed his doctorate in 1875 under Johannes Conrad at the University of Halle. In 1877, his postdoctoral thesis (habilitation) was entitled: ''Über die Entwicklung der Preise und der Rente des Immobiliarbesitzes.'' Career His inaugural lecture was entitled: ''Über den Staat und seine volkswirtschaftlichen Aufgaben'' (A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Étienne Laspeyres
Ernst Louis Étienne Laspeyres (; 28 November 1834 – 4 August 1913) was a German economist. He was '' Professor ordinarius'' of economics and statistics or '' State Sciences'' and cameralistics (public finance and administration) in Basel, Riga, Dorpat (now Tartu), Karlsruhe, and finally for 26 years in Gießen. Laspeyres was the scion of a Huguenot family of originally Gascon descent which had settled in Berlin in the 17th century, and he emphasised the Occitan pronunciation of his name as a link to his Gascon origins. Work Laspeyres is mainly known today for his 1871 development of the index number formula method for determining price increases, used for calculating the rate of inflation. A type of this calculation is known today as the Laspeyres Index. In addition to his accomplishments in price indices, Laspeyres may be counted as one of the fathers of business administration as an academic-professional discipline in Germany, and as one of the main unifiers of economics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fisher Index
A price index (''plural'': "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a specific region over a defined time period. It is a statistic designed to measure how these price relatives, as a whole, differ between time periods or geographical locations, often expressed relative to a base period set at 100. Price indices serve multiple purposes. Broad indices, like the Consumer price index, reflect the economy’s general price level or cost of living, while narrower ones, such as the Producer price index, assist producers with pricing and business planning. They can also guide investment decisions by tracking price trends.  Types of price indices Some widely recognized price indices include: * Consumer price index – Measures retail price changes for consumer goods and services. * Producer price index – Tracks wholesale price changes for producers. * Wholesale price i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Statistical Institute
Turkish Statistical Institute (commonly known as TurkStat; or TÜİK) is the Turkish government agency commissioned with producing official statistics on Turkey, its population, resources, economy, society, and culture. It was founded in 1926 and headquartered in Ankara. Formerly named as the State Institute of Statistics (Devlet İstatistik Enstitüsü (DİE)), the institute was renamed as the Turkish Statistical Institute on November 18, 2005. See also * List of Turkish provinces by life expectancy References External linksOfficial website of the institute National statistical services Statistical Statistics (from German language, German: ', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a s ... Organizations established in 1926 Organizations based in Ankara {{Sci-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Bureau Of Economic Analysis
The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its jurisdictions. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs). The BEA is one of the principal agencies of the U.S. Federal Statistical System. Its stated mission is to "promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and cost-effective manner". BEA has about 500 employees and an annual budget of approximately $101 million. National accounts BEA's national economic statistics (National Economic Accounts) provide a comprehensive view of U.S. production, consumption, investment, exports and imports, and income and saving. These statis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office For National Statistics
The Office for National Statistics (ONS; ) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the Parliament of the United Kingdom, UK Parliament. Overview The ONS is responsible for the collection and publication of statistics related to the economy, population and society of the United Kingdom; responsibility for some areas of statistics in Scotland, Northern Ireland and Wales is devolved to the Devolution in the United Kingdom, devolved governments for those areas. The ONS functions as the executive office of the National Statistician, who is also the UK Statistics Authority's Chief Executive and principal statistical adviser to the UK's National Statistics Institute, and the 'Head Office' of the Government Statistical Service (GSS). Its main office is in Newport near the United Kingdom Intellectual Property Office and Tredegar House, but another significant office is in Titchfield in Hampshire, and a small office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
