Total imports were just a small fraction of gross domestic product, and two-thirds of those imports were consumer goods(coffee, tea) and industrial raw materials(silk, tin) that were exempt from the tariff.
In the US, the share of the manufacturing industry in gross domestic product(GDP) has now fallen to around 10% while service industries such as health care and finance account for about 80%.
With a GDP per capita of 2,111 USD(2015 data, the World Bank), Vietnamese tend to find more economical ways of expenditure in both daily lives to doing businesses.
Most commonly the criteria for evaluating the degree of economic development are gross domestic product(GDP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.
The growth of gross domestic product in 2013, the percentage of 6.78, the highest in the history of the nation, is certainly one of the reasons for the confirmation of the outgoing president.
Vietnam's average annual direct economic losses from floods and typhoons are estimated at 0.8 percent of its gross domestic product- the third-highest percentage among the member states of the Association of Southeast Asian Nations(ASEAN).
The Institute for International Finance in Washington estimates the debt of households, governments, corporations and the financial sector in the 30 largest emerging markets rose to 211% of gross domestic product at the start of this year.
Various approaches have been proposed, such as setting a higher inflation target and introducing average inflation targeting, price-level targeting, the inflation target range, and nominal GDP targeting Chart 11.
Financial analysts have predicted that should this trade war continue, Singapore expected gross domestic product growth could decrease by up to 0.8 percentage points in 2018 and 1.5 percentage points next year.
Usual economic performance indicators, such as gross domestic product, trade, foreign direct investment, showed higher economic development and globalization of the Arab Spring countries over a decade.
In fact, it has been estimated that over one-third of the gross domestic product of the developed world depends on applications that would simply not exist without our understanding of the mechanics of the quantum world.
Singapore's F&B industry contributed SGD 4.3 billion to the country's gross domestic product in 2017, representing a 14% increase from the previous year.
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