And, because nominal GDP fell in 2014 and continues to fall, the debt GDP ratio, which was supposed to stabilize three years ago, continues to rise.

But that will not be true this year, because consumer prices are falling, whereas the GDP deflator (and nominal GDP) is still increasing.

According to Deutsche Bank, in the 118 rate hikes since 1950, only twice has nominal year over year GDP been below 4.5 percent.

Presently, the nominal growth of wages in Russia is around 10 .

A high level German diplomat reportedly dismissed Spain s 6.5 7 interest rates recently, on the grounds that Spain borrowed at nearly the same rates in the 1990 s. But that statement, amazingly, ignored Spain s higher pre euro inflation thus confusing real and nominal rates and more rapid GDP growth.

If the Japanese government had issued trills in 1990, when Japan s nominal GDP was 443 trillion, the dividend paid to investors the first year would have been 443.

But that statement, amazingly, ignored Spain s higher pre euro inflation thus confusing real and nominal rates and more rapid GDP growth.

Should higher nominal (that is, inflation driven) growth replace debt driven growth?

A fixed rate was seen as a nominal anchor against inflation, forcing disciplined monetary and fiscal policies.

GDP Fetishism

GDP is contracting.

Consider Green GDP.

did the right thing.

Its GDP growth rate of 3 is half that of Bangladesh and one third that of India.

GDP has been our hammer.

Today, the South s GDP is 40 times larger than that of the North.

As this figure continues to rise, investors will demand a higher risk premium, causing debt service costs to rise.

It is rated to carry a maximum current of 13 amperes and is designed to trip on a leakage current of 30 mA.

The Black Hole in America s GDP

And the tax burden, which has exceeded 40 of GDP since 1990, now stands at almost 43 of GDP.

Sometime this year, China s GDP will exceed that of Japan (if it has not already done so).

Investors remain willing to finance the US at rock bottom interest rates, and the nominal trade weighted index of the dollar has not collapsed.

Sweden accumulated a current account surplus of 53 of GDP, in contrast to America s 48 of GDP deficit.

Of course, politicians should be willing to spend 0.5 of GDP to avoid a 20 cost of GDP.

The Kirchners lifted Argentina out of the deep crisis of 2001, presiding over GDP growth rates similar to those of China.

Its foreign debt would have declined in line with its GDP, thus sheltering the economy from default and economic disaster. To be sure, investors would have then lost on their bet on Argentina s growth, but they would still have been protected against inflation, even if their bonds had not been denominated in dollars (because Argentina s nominal GDP would have moved up with inflation).

To be sure, investors would have then lost on their bet on Argentina s growth, but they would still have been protected against inflation, even if their bonds had not been denominated in dollars (because Argentina s nominal GDP would have moved up with inflation).

Fraudulent public expenditure cost 2.4 of GDP, siphoning off privatization proceeds amounted to almost 2.1 of GDP, and smuggling caused losses of more than 1.1 of GDP.

The result is a budget deficit equivalent to more than 5 of GDP.

An alternative approach is to use a GDP weighted benchmark.

It recorded a GDP growth of 8.3 in 2011.

The United States trade and current account deficits have begun to shrink relative to American and world GDP.

Since NAFTA, Mexican real GDP has grown at 3.6 per year, and exports have boomed, going from 10 of GDP in 1990 and 17 of GDP in 1999 to 28 of GDP today.

If the US dollar weakens in relation with other major currencies, China may not need to adjust RMB's nominal rate for quite a while.

Likewise, whereas Greece s nominal gross national product is at least growing, Japan remains mired in deflation.

It is likely to rise to more than 60 of GDP by the end of 2010, with the debt to GDP ratio continuing to increase.

Even with a draconian austerity package, totaling 10 of GDP, its public debt would rise to 160 of GDP.

Between 2001 and 2005, current non interest expenditure rose by 2 of GDP, revenues fell by 0.5 of GDP, and the general government deficit rose by 1 of GDP.

For most citizens, wages are the only source of income.

Greek debt amounts to less than 2 of European GDP.

Growth is not just a matter of increasing GDP.

So here's GDP per person in America.

Let's say I don't know what's the GDP of Spain?

But wages have grown at a far slower pace than GDP.

Protectionism threatens open markets and GDP growth.