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Weighted average
Statistical concept and methodology
Growth rates of GDP and its components are calculated using the least squares method and constant price data in the local cu
Inflation is measured by the rate of increase in a price index, but actual price change can be negative. The index used depends
Some unemployment is unavoidable. At any time some workers are temporarily unemployed between jobs as employers look
Development relevance
An economy's growth is measured by the change in the volume of
ce index, but actual price change can be negative. The index used depends on the prices being examined. The GDP deflator reflects price c
Unemployment is a key measure to monitor whether a country is on track to achieve the Sustainable Development Goal of pro
Limitations and exceptions
To obtain comparable series of constant price data for computing aggregates, the World Bank rescales GDP and value added b
ed depends on the prices being examined. The GDP deflator reflects price changes for total GDP. The most general measure of the overall
However, women tend to be excluded from the count for various reasons. Women suffer more from discrimination and from s
General comments
for computing aggregates, the World Bank rescales GDP and value added by industrial origin to a common reference year. Because rescali
flects price changes for total GDP. The most general measure of the overall p
The series for ILO estimates is also available in the WDI datab
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