What was the GDP in 1998?
United States (USA) GDP – Gross Domestic Product
| Date | GDP per capita | GDP P.C. Annual Growth |
|---|---|---|
| 1998 | $32,834 | 4.4% |
| 1997 | $31,440 | 5.0% |
| 1996 | $29,947 | 4.5% |
| 1995 | $28,671 | 3.6% |
What was the GDP in 2008?
GDP improves in United States The GDP figure in 2008 was $14,769,900 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish.
Why did Zimbabwe become so poor?
In September 2016 the finance minister identified “low levels of production and the attendant trade gap, insignificant foreign direct investment and lack of access to international finance due to huge arrears” as significant causes for the poor performance of the economy.
What was the GDP in 1999?
United States (USA) GDP – Gross Domestic Product
| Date | GDP per capita | GDP P.C. Annual Growth |
|---|---|---|
| 1999 | $34,496 | 5.1% |
| 1998 | $32,834 | 4.4% |
| 1997 | $31,440 | 5.0% |
| 1996 | $29,947 | 4.5% |
What was the GDP in the 90s?
End of the boom
| Year | GDP Growth | GDP(trillions) |
|---|---|---|
| 1990 | 1.86% | $5.5 |
| 1991 | -0.26% | $5.9 |
| 1992 | 3.4% | $6.3 |
| 1993 | 2.87% | $6.6 |
What caused the GDP to drop in 2008?
Causes of the Great Recession First, the report identified failure on the part of the government to regulate the financial industry. This failure to regulate included the Fed’s inability to curb toxic mortgage lending. Next, there were too many financial firms taking on too much risk.
What is Zimbabwe’s GDP 2021?
22.00 USD Billion
GDP in Zimbabwe is expected to reach 22.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe GDP is projected to trend around 23.50 USD Billion in 2022, according to our econometric models.
What percentage of Zimbabwe is in poverty?
Seventy-two percent of Zimbabweans live under the national poverty line, making it the 22nd poorest country in the world.
What is the current economic growth rate of Zimbabwe?
Zimbabwe gdp growth rate for 2019 was -8.10%, a 11.6% decline from 2018. Zimbabwe gdp growth rate for 2018 was 3.50%, a 1.2% decline from 2017. Zimbabwe gdp growth rate for 2017 was 4.70%, a 3.94% increase from 2016.
How do you calculate Zimbabwe GDP per capita?
The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for – Zimbabwe GDP per capita – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
What is the current value of PPP in Zimbabwe?
The latest value for GDP, PPP (current international $) in Zimbabwe was 43,747,230,000 as of 2018. Over the past 28 years, the value for this indicator has fluctuated between 43,747,230,000 in 2018 and 17,548,100,000 in 2008. Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates.
What happened to the economy of Zimbabwe in 2009?
Economy of Zimbabwe. Zimbabwe faced 231 million percent peak hyperinflation in 2008. A combination of the abandonment of the Zimbabwe dollar and a government of national unity in 2009 resulted in a period of positive economic growth for the first time in a decade.