Monday, March 7, 2011

Special Messages To Write In A Book

GDP and GDP Per Capita in Current Dollars 2000 - 2010

In 2000-2010, gross domestic product (GDP) grew Peru (see here) at a cumulative rate of 73.6%, a rate of 5.7% per year. That led to a per capita GDP growth of 53.1% in the decade and 4.35% per year.

But how data is moved in the terms that are often used for international comparisons, ie, in current dollars? Thanks to information provided by the Central Bank (BCR), now I see.

This tells us that in 2000 GDP was U.S. $ 53.377 million. As in 2010 and totaled U.S. $ 153.919 million, means that tripled in the decade. As explained here, that not only explained by our high real growth, but also by the evolution of domestic and foreign prices (especially the latter, which, rising as significantly as they have done, "inflated" data production) as well as the notorious devaluation that has suffered the dollar (which means that, to make the conversion from our strong currency to the weak dollar, the GDP be even larger).

The truth is that, apart from those details, which not only affect our measurements, but also those made by other countries, the Peruvian GDP gain international presence, especially sustained high real growth, low domestic inflation and an increasingly strong currency. That is allowing (see here ) scale positions, and placed near the top 50 worldwide. Moreover, considering the data in terms of Purchasing Power Parity (PPP) and approaches (see here) into the top 40.

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