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The budget deficit for 2009 10 was 7.3% of GDP, a result of falling revenues because of recession; the figure for 2010 11 was expected to be 6.2%.
After a sharp decrease in the trend or potential GDP, a result of the severe adjustment measures that were carried out, GDP grew in a more stable fashion in the following years.
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Britain's public-debt ratio soared to 250% of GDP as a result of the second world war and America's exceeded 100%.
If there was mainstream adoption of big data analytics, the retail and manufacturing industries alone could see an increase of $325 billion to their annual GDP as a result of increased efficiency, according to a report by McKinsey in July.
But in the next year (2013-14) tighteningning will increase to 1% of GDP as a result of "fiscal drag", the phenomenon whereby the Treasury's revenue take rises because individuals move into higher tax brackets.
Still, our modest estimate suggests that the shortfall in Cuban GDP as a result of Castro was a hefty $31.5 billion in 1995.
After a steep decrease of the trend or potential GDP as a result of drastic adjustment measures, output grew in a more stable way in the following years.
Profits growth has been spectacular in recent years, and profits have risen to a post-World War II high in relation to GDP as a result of robust sales, stringent labor-cost control and rapid productivity growth, among other forces.
It should be said that the ONS is generally judged to have captured the sharp declines in GDP as a result of the financial crisis pretty well, which improved many commentators' views of its methodology.
The study shows that Cambodia lost at least US$168 million in 2013, or 1.1 per cent of its GDP, as a result of the negative impact of some of the health consequences caused by violence against children.
Public debt in emerging markets is below 40% of GDP and flat.As a result, the prudent members of the third world are becoming safer places to invest than the profligate ones of the first.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com