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Nominal gross domestic product (GDP) is GDP given in current prices, without adjustment for inflation. Current price estimates of GDP are obtained by expressing values of all goods and services produced in the current reporting period. Forecast is based on an assessment of the economic climate...
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The future of tourism will be impacted by large-scale social, economic, political, environmental and technological changes, bringing new and often unseen challenges, threats and opportunities. These “megatrends” are slow to form, but once they have taken root, exercise a profound and lasting...
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The household saving rate is defined as the share of household net disposable income that is saved. Household saving in the System of National Accounts (SNA) / European System of Accounts (ESA) system is defined as household net disposable income, less consumption, plus the change in net equity...
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Total fixed investment, also called gross fixed capital formation (GFCF), in real terms. It is defined as the outlays (purchases and own-account production) of industries, producers of government services and producers of private non-profit services to households, on additions of new durable...
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