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YEAR
2017
2018
2019
2020
2021
YEAR
2017
2018
2019
2020
2021
YEAR
2017
2018
2019
2020
2021
GDP (current billion US$)
161.11
183.33
175.84
144.41
179.57
O estimate)
2010
2015
Aggregation method
Gap-filled total
Weighted Average
Gap-filled total
Statistical concept and methodology
Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross ou
Consumer price indexes are constructed explicitly, using survey
Some unemployment is unavoidable. At any time some workers are temporarily unemployed between jobs as employers look
Growth rates of GDP and its components are calculated using the least squares method and constant price data in the local cu
Development relevance
of value added by all its producers. Value added is the value of the gross out
A general and continuing increase in an economy’s price level is
Unemployment is a key measure to monitor whether a country is on track to achieve the Sustainable Development Goal of pro
An economy's growth is measured by the change in the volume of
Limitations and exceptions
Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or
Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geogr
However, women tend to be excluded from the count for various reasons. Women suffer more from discrimination and from s
To obtain comparable series of constant price data for computing aggregates, the World Bank rescales GDP and value added b
General comments
al accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of a
caution. The definition of a household, the basket of goods, and the geogra
The series for ILO estimates is also available in the WDI datab
for computing aggregates, the World Bank rescales GDP and value added by industrial origin to a common reference year. Because rescali
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