Sentences with phrase «cent of gross domestic product»

The industry accounts for roughly 12 per cent of its gross domestic product.

The industry accounts for roughly 12 per cent of its gross domestic product.

Goods and services exports account for 32 per cent of gross domestic product in Canada versus 13 per cent in the United States, which has the largest domestic economy in the world.

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.

For instance, business spending on research and development has actually dropped to 0.89 per cent of gross domestic product in 2011 from 1.29 per cent 10 years earlier.

Merchandise trade accounted for 55 per cent of gross domestic product in 2015, up from less than 30 per cent in the 1960s.

On the government front, net debt edged to a nine - year high of 51 per cent of gross domestic product.

In Canada social spending represents 17 per cent of Gross Domestic Product.

It also confirmed it would introduce a 3 per cent tax on company dividends, increase wealth and inheritance taxes and abolish a tax «shield» — or ceiling — for the wealthy in its effort to meet its targets of cutting the budget deficit to 4.5 per cent of gross domestic product this year and 3 per cent in 2013.

In slashing Spain's credit rating to BBB + and retaining a negative outlook, S&P cited its forecast that the Spanish economy would contract by 1.5 per cent in 2012 (rather than expand as previously anticipated), the budget deficit would exceed 6 per cent of gross domestic product (compared to a government deficit target of 5.3 per cent), and the country's debt - to GDP would rise steadily to almost 90 per cent by 2015.

The projection of the ITC is that the increase in exports to Mexico will amount only to one - sixth of one per cent of the Gross Domestic Product.

As Westpac chief economist Bill Evans says, net debt will likely top out at about 16.2 per cent of gross domestic product in 2019, which is a «debt position that almost all other developed economist would find extremely attractive».

In order to pay for higher pensions pay - outs, Lord Turner recommended the amount of money the government spends on the state pension increase from 6.2 per cent of gross domestic product, as it is today, to between 7.5 and eight per cent.

In 2006, NATO member countries agreed to commit a minimum of two per cent of their Gross Domestic Product (GDP) to spending on defence.

Currently the Panel is made up of 18 members, from which it considers to be the «main professions» However, other than architecture, represented by the Royal Institute British Architecture (RIBA), there is no mention of any construction or engineering disciplines, an industry that accounts for approximately nine per cent of Gross Domestic Product (GDP).

Ontario's net debt is expected to climb $ 20.1 billion to $ 289.3 billion this year, a stunning 40 per cent of gross domestic product.

Despite the litany of risks, economic costs were assessed to be a modest 0.2 - 2 per cent of gross domestic product.

According to a recent Financial Times article, construction accounts for «13 per cent of gross domestic product, and for more than one - quarter of all investment in what is the most investment - dependent economy in history.»

Pollution is blamed for 300,000 deaths and 20 million cases of respiratory illness a year, with estimated health costs of about 3 per cent of gross domestic product a year.

Insurance penetration is currently at around 3.9 per cent of the gross domestic product.