Sentences with phrase «cent of gdp»

By comparison, agriculture, forestry, fishing, and hunting account for 1.6 per cent of GDP, Statistics Canada reports.

One of the main tasks is to increase revenue: VAT and other tax reforms can raise about 3 per cent of GDP, at least half of which should be contributed towards the first phase of providing UHI.

I am of the firm opinion that unless something is done on the distribution side, per capita penetration of general insurance will not grow and remain flat at 0.7 - 0.8 per cent of the GDP.

The total premium of the general insurance industry is around Rs 70,000 crore but it's still only 0.7 per cent of the GDP.

«It's estimated that five to 15 per cent of our GDP is consumed by corruption — meaning the Brazilian economy could be growing much faster if there were no corruption.»

A Parliamentary Budget Officer report in 2013 found that Canada spent $ 20.3 billion on the criminal justice system in 2011 - 2012, about 1.1 per cent of our GDP or $ 478 per Canadian (the Canadian dollar was near par with the U.S. dollar).

In 2011, Australia spent AU$ 12.5 billion on its criminal justice system (about US$ 12 billion at then exchange rates), just less than one per cent of its GDP or about US$ 537 per Australian.

Even without the massive exemptions loaded in to the Rudd government's CPRS, an emissions trading scheme with full auctioning might be expected to raise about $ 10 billion a year, or 1 per cent of GDP over the next decade.

This amounts to almost 2 per cent of our GDP, a huge chunk of change, and if even a portion of this revenue is spent on government programs, we are going to put a huge burden on Canadian consumers and companies.

It's an income and corporate tax cut that is worth almost 1 per cent of GDP.

The cost of blackouts and brownouts in sub-Saharan Africa is, in some cases, in excess of 5 per cent of GDP.

«the cost of action to stabilise atmospheric concentrations of CO2 and other greenhouse gases will be of the order of 1 per cent of GDP»

The Garnaut cost estimates of around 1 per cent of GDP look pretty plausible for this.

At the most extreme end of the scale, mortality from air pollution is now valued at 10 per cent of GDP in China.

To explain this, think about the central IPCC projection of a 3.5 degrees increase in global mean temperature, which would imply significant but moderate economic damage (maybe a long - run loss of 5 - 10 per cent of GDP, depending on how you value ecosystem effects).

Tim Lambert links to this article by Eric Pooley in Slate's The Big Moneye which points out that, for all the disagreement among economists regarding the details of climate change policy, there is substantial consensus on the following main points (i) the cost of action to stabilise atmospheric concentrations of CO2 and other greenhouse gases will be of the order of 1 per cent of GDP (ii) a strong mitigation policy is preferable to business as usual

It's easy to check that the cost can't be much more than 10 per cent of GDP (about five years worth of economic growth), which contradicts the common intuition that cheap energy is economically vital.

One per cent of GDP is, at the moment, $ 630bn.

Economists estimate it will only take a few per cent of GDP to transform our energy system into one that does not use the sky as a waste dump.

The North African country received 10 million visitors last year, with the tourism business generating more than $ 5.4 billion in revenues, representing eight per cent of GDP and employing some 500,000 people.

Keen (2006) wrote that the debt - to - GDP ratio in Australia (then 147 per cent) «will exceed 160 per cent of GDP by the end of 2007.

In British Columbia, real estate and related fields such as construction and finance make up an astounding 40 per cent of GDP.

Given the real estate sector's importance to the economy — it amounts to $ 4 trillion of Canadians» wealth, is equal to roughly seven per cent of GDP and dominates 99 per cent of dinner - party conversations — you might have thought the housing market would be a significant point of debate in the federal election campaign.

«This report highlights that investment in Australian education accounts for 5.8 per cent of GDP compared to the OECD average of 5.2 per cent and while we will continue to boost that investment, we're also focused on making it an effective investment.»

The policy statement also makes a commitment to reverse the decline of state funding of R&D which, in recent years, has dropped from more than 1 per cent of GDP to less than 0.5 per cent.

Scientists are now worse off than ever and government spending on basic research is lower than in any comparable industrialised nation (O. 24 per cent of GDP in the UK, against 0.33 per cent in France and O. 4 per cent in the US).

American physicist Harvey Brooks, a member of the president's Science Advisory Committee during the Eisenhower, Kennedy and Johnson administrations, noted how the 2 per cent of GDP spent on science by the federal government had a «disproportionate social and economic leverage, since the whole thrust of the economy is determined by scientific and technical research».

Spending in Britain now stands at 1.4 per cent of GDP, a lower proportion than in any of the G7 countries except Canada and Italy.

The new study, «Social Protection - European Comparisons of Expenditure, 2007 to 2013», shows that in 2013 Britain spent # 483billion on social protection, equivalent to 28 per cent of GDP.

The deficit, for the record, is 12 per cent of GDP.

They have fallen from 3.6 per cent of GDP in 1999 to just 2.9 per cent of GDP in 2005.

«A defence budget representing two per cent of GDP is simply not enough.

He rejected the IFS» suggestion that he might have to go further, potentially raising taxes by two per cent of GDP, by contrasting them with Labour's claims that he has not gone far enough.

He is advising European leaders to: reassess the current plan in Greece - which will reportedly see its debt at 120 per cent of its GDP by 2020 -; recapitalise banks in struggling eurozone economies; and allow the European Central Bank to buy bonds from distressed countries.

With public borrowing planned to reach 57 per cent of GDP and David Cameron abandoning his party's link with the government's total spending plans, politics had just got interesting again.

Lib Dem Treasury spokesman Vince Cable added: «This was a chance for the chancellor to match the brilliant analysis of climate change by Sir Nicholas Stern, who argued for urgent preventative measures costing one per cent of GDP.

In today's white paper Mr Alexander revealed the government planned to reach its millennium development goal of spending 0.7 per cent of GDP on aid by 2013, two years before the UN's deadline.

With a budget deficit of over 11 per cent of GDP, one pound in every four that the last government spent was borrowed.

He said it was still feasible that the budget deficit — which hit 9 per cent of gross domestic product last year — could be narrowed in line with IMF targets to between 3 and 4 per cent of GDP in 2018.

A big challenge for the minister will be reducing debt, which is above 70 per cent of GDP.

Tory MPs were alarmed when defence spending appeared to dip below 2 per cent of gdp and were delighted when Cameron and Osborne pledged to keep the expenditure above that arbitrary percentage.

Last year saw the lowest number of house completions since 1923 - just 103,000 - in an industry which even in its current state is around three per cent of GDP and which helps maintain around one and a half million jobs.

The magistrates claim they are facing a 3.5 per cent annual cut in real terms funding in the coming years, but Lord Falconer insisted that over the last decade, investment in the criminal justice system had gone up from two per cent of GDP to 2.5 per cent.

The pair's speeches come a few days after Liz Kendall voiced support of free schools and pledged to meet the Nato target of spending 2 per cent of GDP on defence.

The thinking behind the cap is straightforward: welfare spending has somehow managed to get out of control in recent decades, rising from less than five per cent of GDP in the 1950s to around 13.5 % of GDP now.

Britain is emerging from the worst recession since the second world war and its budget deficit is forecast to exceed 11 per cent of GDP in the 2010/11 fiscal year.

The tax cuts will be funded by borrowing, which will reach # 78 billion this year and rise to # 118 billion, or eight per cent of GDP, next year.

So, for example, when Tony Blair committed the New Labour government to raise UK health spending to the EU average (from about five per cent of GDP to about eight per cent at the time) that was a significant commitment.

«The Falklands also provides a unique training ground for British military forces, and the Falklands government contributes around three per cent of its GDP towards defence costs.

National Debt stood at around 44 per cent of GDP.