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The OECD expects Mexico's economy to expand by around 4% in both 2005 and 2006, well above the average pace of GDP growth in the so-called "rich-man's club".
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the average pace of 17.6 million so far this year.
Gross domestic product grew an annualized 9.5% in the first half of 2005, but that breakneck pace of growth has been the average annual rate of GDP growth from 1980-2002, according to the International Monetary Fund.
Using the average growth rate of GDP of 4% from 1976-1991, the difference between trend GDP and actual GDP from 1992-1998 is around ¥340 trillion or about 68% of GDP.
Spending on credit and debit cards in continental Europe accounts for, on average, 10percentnt of GDP.
Accordingly, government spending is an average 0.5% of GDP higher each year than projected by Hockey.
Investment, worth an average 36% of GDP since 1960, is a serious economic engine.
In the third quarter of 2010 America's real GDP was still below its level in December 2007; China's GDP grew by 28% over the same period.If real GDP in China and America continued to grow at the same annual average pace as over the past ten years (10.5% and 1.7% respectively) and nothing else changed, China's GDP would overtake America's in 2022.
That's a European average of 80.9% of GDP.
Remember, that average was 18percentt of GDP.
The level of government spending will average 24.9% of GDP over the four years to 2017-18.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com