RP National Income Acts

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 
PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE
Annual 2008 and 2009
AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

 

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB)

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 

PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE

Annual 2009 and 2010

AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB) 

Source: National Statistical Coordination Board (NSCB)

What is GNP?

Gross National Product (GNP) is the market value of all products and services produced in one year by labor and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.

GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".

What is GDP?

Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita is often considered an indicator of a country's standard of living.

GNP vs. GDP

Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While GNP measures the output generated by a country's enterprises - whether physically located domestically or abroad - GDP measures the total output produced within a country's borders - whether produced by that country's own firms or not.

When a country's capital or labor resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output.

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US Economic Crises

Actually the strength of bid for govt debt even in countries like the Us and UK given their current poor fiscal position is very worrying because of what it really signals.

It is signalling that a great deal of the world from individuals to companies and now to countries have become very risk averse to the degree where capital preservation is completely overshadowing the issue of return on capital.The big problem with this mindset is what it bodes for any increase in investment and expansion without which job growth is going to struggle.

This appears to be a backlash from 2008 that is simply creating a very poor macro economic picture. These markets are being supported by the big banks and the Fed to generate confidence but the numbers don't lie. Within ten years your $1,000 bond will be worth $404 at present inflation rates. In that time you will have collected a total of $214 not adjusted for inflation. Inflation is only 11.5% if a) your lone economist is right and b) if you're in the USA. On the whole it's institutions who are buying US bonds in order to diversify their risk. The yield isn't that important in a time of recession when investing in companies is high risk.

As for gold and silver, yes they could rise rapidly. However if the world economies settle down and we have a time of low growth and no shocks their prices will plumit.

Less money in Uncle Sam's pocket?

United States of America known as one of the powerful country in the world is said to be in its crucial situation. With this stocks hitting down it really affects not only America but also the other countries. Uncle Sams currency is weakening, causing a doubt for investors to put their golds in an unsure hit or situation; and because of this its like a virus that will affect the system. Like the massive rate of lost in employment from middle class down to bottom. Eased concerns that the economy was heading back into recession as feared by investors, and buoyed U.S. stocks. As we look back starting the year of 2000 we have seen that the Americans are so found of using credit line resulting to this years that this debts are putting Uncle Sam’s money to nowhere; like a trash being thrown in the garbage.

Why are we experiencing this? Actually reading the news and seeing this on t.v, If America is experiencing this economic crisis other countries will also encounter this situations and worst it will hit poor countries in a massive pace. If this so will continue to happen; worst poverty is with-in reach and gaining back the lost wealth is a sweat to perspire double time. Can we site some reason why this things happened? From the war to the debts and the prize hikes are some results of economic downfall.

_ANN_