What was the GDP for 2015?

$18,206,000 million
The GDP figure in 2015 was $18,206,000 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.

What percent of the Philippines economy is remittances?

Personal remittances received in the Philippines accounted for 9.66 percent of the country’s total gross domestic product (GDP) in 2020. The GDP share of remittances have fluctuated in the past decade.

Are remittances part of GDP?

The remittances that you mention about are not made against any services. While remittances can be a source of GDP growth by increasing household consumption, it does not directly add to GDP, it does affect GNP though.

What was the GDP growth in 2015?

Annual growth of the real Gross Domestic Product (GDP) of the United States from 1990 to 2020

What was the economic growth rate in 2015?

2 per cent
South Africa’s gross domestic product (GDP) forecast for 2015 has also been revised down. The National Treasury projects GDP growth of 2 per cent in 2015, rising to 3 per cent by 2017.

Which country has the highest remittances?

India
In 2020, the top five recipient countries for remittances inflows in current USD were India (83 billion), China (60 billion), Mexico (43 billion), the Philippines (35 billion), and Egypt (30 billion) (ibid.). India has been the largest recipient of remittances since 2008.

How much remittances are sent to Philippines?

In 2020, Filipinos working in the United States sent around 11.94 billion U.S. dollars in cash remittances to the Philippines. The amount of cash remittances sent to the Philippines from the U.S. gradually increased over the years….

How much of GDP is remittances?

Remittances are especially important for low-income countries and account for nearly 4 percent of their GDP, compared with about 1.5 percent of GDP for middle-income countries.

What percentage of GDP is remittances?

India: Remittances as percent of GDP The latest value from 2020 is 3.17 percent. For comparison, the world average in 2020 based on 165 countries is 4.91 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

What was the GDP for 2016?

$18,565.6 billion
Current-dollar GDP increased 2.9 percent, or $529.0 billion, in 2016 to a level of $18,565.6 billion, compared with an increase of 3.7 percent, or $643.5 billion, in 2015 (table 1 and table 3).

What was the GDP of the Philippines in 2015?

For the last quarter of 2015, the Philippines increased its Gross Domestic Product (GDP) by 6.3%. GDP measures a country’s total economic production and performance. It reflects the total market value of all the goods and services produced by the economy at a certain period.

How is the economy of the Philippines doing?

But Balisacan pointed out that the average of 6.2-percent GDP growth posted in the six years of the Aquino administration was the highest since the late 1970s, adding that only India, China and Vietnam exceeded the Philippines’ economic performance among major developing Asian countries last year.

How is final consumption expenditure in the Philippines?

On the demand side, Household Final Consumption Expenditure (HFCE) declined by -4.8 percent, along with the following items: Gross Capital Formation (GCF), -18.3 percent; Exports, -9.0 percent; and Imports, -8.3 percent. On the other hand, the Government Final Consumption Expenditure (GFCE) grew by 16.1 percent in the first quarter of 2021.

How is gross national income in the Philippines?

On the other hand, the Government Final Consumption Expenditure (GFCE) grew by 16.1 percent in the first quarter of 2021. The Net Primary Income (NPI) from the Rest of the World continued to decline by -75.8 percent, bringing the Gross National Income (GNI) to drop by -10.9 percent during the period. See more at the National Accounts page.