There is no formula for calculating the growth of GDP

The growth rate of GDP reflects the change in the physical scale of the final social outcome over a certain period of time. Since the scale of GDP is measured by the amount of value, the changes in the scale of the value volume in different periods include both quantitative changes and factors. In order to make the GDP of the reporting period ** compatible with the GDP of the base period**, when calculating the GDP growth rate, the GDP of the current period should first be excluded from the change of ** and other factors to obtain the GDP development rate calculated at comparable prices, and finally subtract 100 to obtain the GDP growth rate.

The growth rate is positive, indicating the degree of growth; A negative growth rate indicates the degree of decline, also known as the degree of negative growth.

It is calculated as follows:

GDP growth rate (%)GDP at comparable prices in the reporting period GDP at comparable prices in the base period 100% 100%.

GDP is the abbreviation of Gross Domestic Product, which is the gross domestic product. It is a measure of the total amount of final products produced by all resident units of a country's (region) economy during the accounting period, and is often regarded as an important indicator of the economic status of a country (region). The new value added in the production process includes the value newly created by workers and the wear and tear value of fixed assets, but does not include the value as an intermediate input in the production process; In terms of physical composition, it is the final product produced in the current period, including the products used for consumption, accumulation and net export, but excluding the various intermediate goods that are consumed by other sectors.

There are three ways to calculate GDP: production method: GDP Total output of each industrial sector Intermediate consumption of each industrial sector:

Income Method: GDP Remuneration of Workers by Industrial Sector Depreciation of Fixed Assets by Industrial Sector Net Production Tax by Industrial Sector Operating Profit by Industrial Sector; Expenditure Method: GDP, Total Consumption, Total Investment, Net Exports.

Real GDP Growth Rate (Real GDP - Real GDP of Previous Period) 100% of real GDP in the previous period

Real GDP is the market value of all final products in the current year calculated using the previous year as the base period. It measures the change in the output of products in the economy in two different periods, and calculates the value of all products produced in the two periods by the same ** or constant amount.

Real GDP and nominal GDP are usually unequal (only the base year for calculating real GDP is equal to the base year of the fixed **), and the relationship between them is: nominal GDP growth rate = [(1 + real GDP growth rate) x (1 + local deflator increase) x 100%]-1.

Calculation of the economic growth rate There are two types of calculation of the economic growth rate, one is the calculation of the annual economic growth rate, which measures the changes in the economy between two years. The calculation of the annual economic growth rate is relatively simple, that is, the economic indicators of the previous year (such as GDP or GDP per capita) of the previous year minus the economic indicators of the previous year divided by the economic indicators of the previous year, and if we express them as percentages, we have to multiply them by 100%.

The formula for calculating the annual growth rate should be:

a*(1+r)^x=b

where a is the number of pre-periods for calculating the growth rate, b is the number of periods, r is the growth rate, and x is the number of years covered.

There are 133 years from 1870 to 2003, and the given GDP data is substituted into the formula:

3412*(1+r)^133=37500

Get: r=

There's nothing to explain about this, you just follow the formula.

Growth rate calculations are calculated at the same level** Factors Throwing out inflation The above calculations illustrate the inflation rate for 2008. 8%

Also consider the impact of exchange rates and CPI to deduct these factors!

First of all, GDP is divided into preliminary accounting data, preliminary verification data and final verification data, and the adjusted final verification data in 2007 is 257306 billion, 246619 that is the preliminary accounting data.

Second, deducting the ** factor, in fact, it is necessary to deduct the inflation rate, the inflation rate is different from the CPI we usually listen to on TV, CPI is the increase in household consumption, and the inflation rate also includes the increase in investment products (PPI), the increase in non-consumer services, and the increase in purchases. Since China has not published the inflation rate, we can only go from GDP to the inflation rate through the rollout.

300670 257306=,, that is to say, China's inflation rate reached in 08, and at the same time, since we know CPI=,PPI=, then it means that non-consumer services and **purchases** have risen much more.