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In 2011, Ireland ranked 8th in the Organisation of Economic Cooperation and Development on the basis of GDP per capita but to 16th on the basis of GNI per capita.
In the case of government-bond indices, the more a country borrows, the bigger its weighting.PIMCO, a fund-management giant, thinks it has come up with a better version, which weights issuers on the basis of GDP.
On a global scale, benefit estimates can be extended on the basis of GDP values adjusted for PPP and productivity, but the validity of such calculations is limited by the lack of exposure assessments [ 43].
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The CAN analysis was based on an EU decision in 2014 that allocated CO2 cuts to poorer states on the basis of their GDP per capita.
Given the recent tax hike and sequester cuts, my guess is that this June's Alternative Fiscal Projection will look better, that the fiscal gap will fall to $200 trillion, and that we'll be short, on an ongoing basis, not 12percentt of GDP, but 11percentt of GDP.
But just as we should not pop the champagne corks on the basis of one quarter of GDP growth, neither should we descend into gloom on the basis of one poor month of trade data.
While there was an acknowledgement at Rio+20 of the need to move beyond measuring success purely on the basis of gross domestic product (GDP), Jackson believes this is merely a distraction from the changes that are needed.
Source: Mark Weisbrot and Rebecca Ray, "The Scorecard on Development, 1960-2010: Closing the Gap?" The countries are divided into quintiles on the basis of their per capita GDP (in 2005 dollars) at the start of each period.
The scale of assessments for 1998-2000 was calculated on the basis of a six-year average of GDP data, from 1990 to 1995, which put America's share of the world economy at 26.2% and Japan's at 17.3%.
Meanwhile, zero is not the crucial number for the deficit; a much better criterion is the budget balance that would, on a sustained basis, stabilize debt as a percentage of GDP.
In fact, the Office for Budget Responsibility says public sector net borrowing will be £99bn this fiscal year, which is around 6% of GDP on the basis that we measure it in the UK and as measured on European Union definitions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com