Real GDP means the GDP for the previous fiscal year expressed in constant dollars and adjusted for inflation produced by Statistics Canada’s Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts (also known as the provincial and territorial economic accounts) and published as “Real Gross Domestic Product at Market Prices” currently in November of each year. The Economic Stability Dividend
Real GDP means the GDP for the previous fiscal year expressed in constant dollars and adjusted for inflation produced by Statistics Canada’s Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts (also known as the provincial and territorial economic accounts) and published as “Real Gross Domestic Product at Market Prices” currently in November of each year.
Examples of Real GDP in a sentence
Real GDP growth eased markedly from 10.7% in 2021 to 3.5% in 2022, which is below the pre-pandemic (2015-2019) average rate of GDP growth of about 5%.
Implications for Potential Real GDP GrowthTable 11 provides a template for forecasts of potential GDP over the next twenty years.
Real GDP per Capita Statistics for the Period 2000-2017 (US$) 63Appendix Table 10.
It is likely that the combination of the restrictive fiscal targets and the very high cost to the economy of theFigure 4.1: Quarterly Real GDP in countries experiencing crisis 1.2 1.1Mexico BrazilA rgentina KoreaThailand Indonesia1.00.90.8t-3 t-2 t-1 t t+ 1 t+ 2 t+ 3 t+ 4 t+ 5 t+ 6 t+ 7 t+ 8 t+ 9 t+ 10 t+ 11 t+ 1 236 See Thailand: Economic Monitor, May 2003, p.
Real GDP per capita removes the effects of inflation, or price increases.
More Definitions of Real GDP
Real GDP means the Annual Real Gross Domestic Product as reported by the U.S. Department of Commerce, Bureau of Economic Analysis.
Real GDP means in economists’ speak GDP in national currency at constant prices.
Real GDP means the GDP for the previous fiscal year expressed in constant dollars and adjusted for inflation produced by Statistics Canada’s Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts (also known as the provincial and territorial economic accounts) and published as “Real Gross Domestic Product at Market Prices” currently in November of each year. The Economic Stability Dividend 2. The Economic Stability Dividend shares the benefits of economic growth between employees in the public sector and the Province contingent on growth in BC’s real GDP.3. Employees will receive a general wage increase (GWI) equal to one-half of any percentage gain in real GDP above the forecast of the Economic Forecast Council for the relevant calendar year. 4. For greater clarity and as an example only, if real GDP were one percent above forecast real GDP then employees would be entitled to a GWI of one-half of one percent. Annual Calculation and publication of the Economic Stability Dividend 5. The Economic Stability Dividend will be calculated on an annual basis by the Minister of Finance for each collective agreement year from 2015/16 to 2018/2019 and published through the PSEC Secretariat. 6. The timing in each calendar year will be as follows:
Real GDP means the gross domestic product of [Sovereign] at constant prices as adjusted for inflation.
Real GDP means the level of gross domestic product at base year market prices as estimated by the Statistical Office;
Real GDP means the GDP for the previous fiscal year expressed in constant dollars and adjusted for inflation produced by Statistics Canada’s Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts (also known as the provincial and territorial economic accounts) and published as “Real Gross Domestic Product at Market Prices” currently in November of each year. The Economic Stability Dividend The Economic Stability Dividend shares the benefits of economic growth between employees in the public sector and the Province contingent on growth in BC’s real GDP. Employees will receive a general wage increase (GWI) equal to one-half (1/2) of any percentage gain in real GDP above the forecast of the Economic Forecast Council for the relevant calendar year. For greater clarity and as an example only, if real GDP were one percent (1%) above forecast real GDP then employees would be entitled to a GWI of one-half of one percent (0.5%). Annual Calculation and publication of the Economic Stability Dividend The Economic Stability Dividend will be calculated on an annual basis by the Minister of Finance for each collective agreement year commencing in 2015/16 to 2018/2019 and published through the PSEC Secretariat. The timing in each calendar year will be as follows: February Budget – Forecast GDP for the upcoming calendar year; November of the following calendar year – Real GDP published for the previous calendar year; November - Calculation by the Minister of Finance of fifty percent (50%) of the difference between the Forecast GDP and the Real GDP for the previous calendar year; Advice from the PSEC Secretariat to employers’ associations, employers and unions of the percentage allowable General Wage Increase, if any, for each bargaining unit or group with authorization to employers to implement the Economic Growth Dividend. For greater clarity and as an example only: For collective agreement year 3 (2016/17): February 2015 – Forecast GDP for calendar 2015; November 2016 – Real GDP published for calendar 2015; November 2016 - Calculation of the fifty percent (50%) of the difference between the 2015 Forecast GDP and the 2015 Real GDP by the Minister of Finance through the PSEC Secretariat; Direction from the PSEC Secretariat to employers’ associations, employers and unions of the percentage allowable General Wage Increase, if any, for each bargaining unit or group with authorization to employers to implement the Economic Growth Dividend Payment will b...