The IMF has again raised its forecast for the world economy.

In its
twice-yearly World Economic Outlook, the fund said it expects global
GDP to increase by 3.1% in 2010, an upward revision to the interim
forecast of 2.5% it made in July. The IMF is far more upbeat about
prospects for rich countries than it was three months ago. It expects
America’s economy to grow by 1.5% next year, twice the rate forecast
in July. GDP in the euro area is expected to rise slightly, though the
fund’s forecasters think Britain will grow at a faster rate. Prospects for
India were marked down fractionally though its GDP is still expected to
grow by a healthy 6.4%. China will remain an important engine for the
world economy. The fund reckons its GDP will grow by 9%.
INDIA GDP GROWTH RATE

India Gross Domestic Product (GDP) expanded 6.10% over the last 4 quarters.
The India Gross Domestic Product is worth 1217 billion dollars or 1.96% of
the world economy, according to the World Bank. India's diverse economy
encompasses traditional village farming, modern agriculture, handicrafts, a
wide range of modern industries, and a multitude of services. Services are
the major source of economic growth, accounting for more than half of
India's output with less than one third of its labor force. The economy has
posted an average growth rate of more than 7% in the decade since 1997,
reducing poverty by about 10 percentage points. This page includes: India
GDP Growth Rate chart, historical data, forecast and news.

INDIA INFLATION RATE

India inflation rate stands at 11.72 percent year-over-year. Inflation rate refers to a
general rise in prices measured against a standard level of purchasing power. The most
well known measures of Inflation are the CPI which measures consumer prices, and the
GDP deflator, which measures inflation in the whole of the domestic economy. India's
diverse economy encompasses traditional village farming, modern agriculture,
handicrafts, a wide range of modern industries, and a multitude of services. Services are
the major source of economic growth, accounting for more than half of India's output
with less than one third of its labor force. The economy has posted an average growth
rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage
points. This page includes: India Inflation Rate chart, historical data, forecast and news.

INDIA UNEMPLOYMENT RATE

India unemployment rate stands at 7.32 percent of the labor force. The labour
force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. India's diverse economy encompasses traditional village farming,
modern agriculture, handicrafts, a wide range of modern industries, and a
multitude of services. Services are the major source of economic growth,
accounting for more than half of India's output with less than one third of its
labor force. The economy has posted an average growth rate of more than
7% in the decade since 1997, reducing poverty by about 10 percentage
points. This page includes: India Unemployment Rate chart, historical data,
forecast and news.
UNITED STATES GROSS DOMESTIC PRODUCT (GDP)

United States Gross Domestic Product (GDP) chart, historical data, forecast and
news. United States Gross Domestic Product (GDP) contracted 3.80% over
the last 4 quarters. The United States Gross Domestic Product is worth
14204 billion dollars or 22.91% of the world economy, according to the
World Bank. The economy of the United States is the largest in the world.
The United States is a market-oriented economy where private individuals
and business firms make most of the decisions. The federal and state
governments buy needed goods and services predominantly in the private
marketplace.
UNITED STATES INFLATION RATE

United States inflation rate stands at -1.30 percent year-over-year. Inflation rate
refers to a general rise in prices measured against a standard level of
purchasing power. The most well known measures of Inflation are the CPI
which measures consumer prices, and the GDP deflator, which measures
inflation in the whole of the domestic economy. The economy of the United
States is the largest in the world. The United States is a market-oriented
economy where private individuals and business firms make most of the
decisions. The federal and state governments buy needed goods and
services predominantly in the private marketplace. This page includes:
United States Inflation Rate chart, historical data, forecast and news.
UNITED STATES UNEMPLOYMENT RATE

United States unemployment rate stands at 9.80 percent of the labor force. The labour
force is defined as the number of people employed plus the number unemployed but
seeking work. The nonlabour force includes those who are not looking for work, those
who are institutionalised and those serving in the military. The economy of the United
States is the largest in the world. The United States is a market-oriented economy where
private individuals and business firms make most of the decisions. The federal and state
governments buy needed goods and services predominantly in the private marketplace.
This page includes: United States Unemployment Rate chart, historical data, forecast and
news.
JAPAN GROSS DOMESTIC PRODUCT (GDP)

Japan Gross Domestic Product (GDP) chart, historical data, forecast and news.
Japan Gross Domestic Product (GDP) contracted 7.20% over the last 4
quarters. The Japan Gross Domestic Product is worth 4909 billion dollars or
7.92% of the world economy, according to the World Bank. Japan's
industrialized, free market economy is the second-largest in the world. Its
economy is highly efficient and competitive in areas linked to international
trade, but productivity is far lower in protected areas such as agriculture,
distribution, and services. Japan's reservoir of industrial leadership and
technicians, well-educated and industrious work force, high savings and
investment rates, and intensive promotion of industrial development and
foreign trade produced a mature industrial economy. Japan has few natural
resources, and trade helps it earn the foreign exchange needed to
purchase raw materials for its economy.
JAPAN INFLATION RATE

Japan inflation rate stands at -2.20 percent year-over-year. Inflation rate refers to
a general rise in prices measured against a standard level of purchasing
power. The most well known measures of Inflation are the CPI which
measures consumer prices, and the GDP deflator, which measures inflation
in the whole of the domestic economy. Japan's industrialized, free market
economy is the second-largest in the world. Its economy is highly efficient
and competitive in areas linked to international trade, but productivity is far
lower in protected areas such as agriculture, distribution, and services.
Japan's reservoir of industrial leadership and technicians, well-educated
and industrious work force, high savings and investment rates, and
intensive promotion of industrial development and foreign trade produced a
mature industrial economy. Japan has few natural resources, and trade
helps it earn the foreign exchange needed to purchase raw materials for its
economy. This page includes: Japan Inflation Rate chart, historical data,
forecast and news.
JAPAN UNEMPLOYMENT RATE

Japan unemployment rate stands at 5.50 percent of the labor force. The labour
force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. Japan's industrialized, free market economy is the second-largest
in the world. Its economy is highly efficient and competitive in areas linked
to international trade, but productivity is far lower in protected areas such as
agriculture, distribution, and services. Japan's reservoir of industrial
leadership and technicians, well-educated and industrious work force, high
savings and investment rates, and intensive promotion of industrial
development and foreign trade produced a mature industrial economy.
Japan has few natural resources, and trade helps it earn the foreign
exchange needed to purchase raw materials for its economy. This page
includes: Japan Unemployment Rate chart, historical data, forecast and
news.
GERMANY GROSS DOMESTIC PRODUCT (GDP)

Germany Gross Domestic Product (GDP) chart, historical data, forecast and
news. Germany Gross Domestic Product (GDP) expanded 0.30% over the
last 4 quarters. The Germany Gross Domestic Product is worth 3653 billion
dollars or 5.89% of the world economy, according to the World Bank.
Germany is the largest economy in Europe. The German economy is
heavily export-oriented. In fact, exports account for more than one-third of
national output. As a result, exports traditionally have been a key element in
German macroeconomic expansion, accounting for over half of the
economic growth in recent years. Germany is a strong advocate of closer
European economic integration, and its economic and commercial policies
are increasingly determined within the European Union (EU).
GERMANY INFLATION RATE

Germany inflation rate stands at -0.30 percent year-over-year. Inflation rate

refers to a general rise in prices measured against a standard level of
purchasing power. The most well known measures of Inflation are the CPI
which measures consumer prices, and the GDP deflator, which measures
inflation in the whole of the domestic economy. Germany is the largest
economy in Europe. The German economy is heavily export-oriented. In
fact, exports account for more than one-third of national output. As a result,
exports traditionally have been a key element in German macroeconomic
expansion, accounting for over half of the economic growth in recent years.
Germany is a strong advocate of closer European economic integration,
and its economic and commercial policies are increasingly determined
within the European Union (EU). This page includes: Germany Inflation
Rate chart, historical data, forecast and news.
GERMANY UNEMPLOYMENT RATE

Germany unemployment rate stands at 8.20 percent of the labor force. The
labour force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. Germany is the largest economy in Europe. The German economy
is heavily export-oriented. In fact, exports account for more than one-third of
national output. As a result, exports traditionally have been a key element in
German macroeconomic expansion, accounting for over half of the
economic growth in recent years. Germany is a strong advocate of closer
European economic integration, and its economic and commercial policies
are increasingly determined within the European Union (EU). This page
includes: Germany Unemployment Rate chart, historical data, forecast and
news.
UNITED KINGDOM GROSS DOMESTIC PRODUCT (GDP)

United Kingdom Gross Domestic Product (GDP) chart, historical data, forecast
and news. United Kingdom Gross Domestic Product (GDP) contracted
5.20% over the last 4 quarters. The United Kingdom Gross Domestic
Product is worth 2646 billion dollars or 4.27% of the world economy,
according to the World Bank. The United Kingdom is among the world's
most developed economies. Services, particularly banking, insurance, and
business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. Over the past two decades, the
government has greatly reduced public ownership and contained the growth
of social welfare programs.
UNITED KINGDOM INFLATION RATE

United Kingdom inflation rate stands at 1.10 percent year-over-year. Inflation rate
refers to a general rise in prices measured against a standard level of
purchasing power. The most well known measures of Inflation are the CPI
which measures consumer prices, and the GDP deflator, which measures
inflation in the whole of the domestic economy. The United Kingdom is
among the world's most developed economies. Services, particularly
banking, insurance, and business services, account by far for the largest
proportion of GDP while industry continues to decline in importance. Over
the past two decades, the government has greatly reduced public
ownership and contained the growth of social welfare programs. This page
includes: United Kingdom Inflation Rate chart, historical data, forecast and
news.
UNITED KINGDOM UNEMPLOYMENT RATE

United Kingdom unemployment rate stands at 7.90 percent of the labor force.
The labour force is defined as the number of people employed plus the
number unemployed but seeking work. The nonlabour force includes those
who are not looking for work, those who are institutionalised and those
serving in the military. The United Kingdom is among the world's most
developed economies. Services, particularly banking, insurance, and
business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. Over the past two decades, the
government has greatly reduced public ownership and contained the growth
of social welfare programs. This page includes: United Kingdom
Unemployment Rate chart, historical data, forecast and news.
EURO AREA GROSS DOMESTIC PRODUCT (GDP)

Euro Area Gross Domestic Product (GDP) chart, historical data, forecast and
news. Euro Area Gross Domestic Product (GDP) contracted 4.80% over the
last 4 quarters. The Euro Area Gross Domestic Product is worth 13565
billion dollars or 21.88% of the world economy, according to the World
Bank. The Euro Area (Eurozone) refers to a monetary union among the
European Union member states that have adopted the euro as their sole
official currency. It currently consists of Austria, Belgium, Cyprus, Finland,
France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the
Netherlands, Portugal, Slovakia, Slovenia and Spain. The Euro Area overall
economy is the second largest, after the U.S.
EURO AREA INFLATION RATE

Euro Area inflation rate stands at -0.30 percent year-over-year. Inflation rate
refers to a general rise in prices measured against a standard level of
purchasing power. The most well known measures of Inflation are the CPI
which measures consumer prices, and the GDP deflator, which measures
inflation in the whole of the domestic economy. The Euro Area (Eurozone)
refers to a monetary union among the European Union member states that
have adopted the euro as their sole official currency. It currently consists of
Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy,
Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and
Spain. The Euro Area overall economy is the second largest, after the U.S.
This page includes: Euro Area Inflation Rate chart, historical data, forecast
and news.
EURO AREA UNEMPLOYMENT RATE

Euro Area unemployment rate stands at 9.60 percent of the labor force. The
labour force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. The Euro Area (Eurozone) refers to a monetary union among the
European Union member states that have adopted the euro as their sole
official currency. It currently consists of Austria, Belgium, Cyprus, Finland,
France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the
Netherlands, Portugal, Slovakia, Slovenia and Spain. The Euro Area overall
economy is the second largest, after the U.S. This page includes: Euro
Area Unemployment Rate chart, historical data, forecast and news.
CHINA UNEMPLOYMENT RATE

China unemployment rate stands at 4.30 percent of the labor force. The labour
force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. China's economy is the second largest in the world after that of the
United States. During the past 30 years China's economy has changed
from a centrally planned system that was largely closed to international
trade to a more market-oriented that has a rapidly growing private sector. A
major component supporting China's rapid economic growth has been
exports growth. This page includes: China Unemployment Rate chart,
historical data, forecast and news.
CHINA INFLATION RATE

China inflation rate stands at -0.80 percent year-over-year. Inflation rate refers to
a general rise in prices measured against a standard level of purchasing
power. The most well known measures of Inflation are the CPI which
measures consumer prices, and the GDP deflator, which measures inflation
in the whole of the domestic economy. China's economy is the second
largest in the world after that of the United States. During the past 30 years
China's economy has changed from a centrally planned system that was
largely closed to international trade to a more market-oriented that has a
rapidly growing private sector. A major component supporting China's rapid
economic growth has been exports growth. This page includes: China
Inflation Rate chart, historical data, forecast and news.
CHINA UNEMPLOYMENT RATE

China unemployment rate stands at 4.30 percent of the labor force. The labour
force is defined as the number of people employed plus the number
unemployed but seeking work. The nonlabour force includes those who are
not looking for work, those who are institutionalised and those serving in the
military. China's economy is the second largest in the world after that of the
United States. During the past 30 years China's economy has changed
from a centrally planned system that was largely closed to international
trade to a more market-oriented that has a rapidly growing private sector. A
major component supporting China's rapid economic growth has been
exports growth. This page includes: China Unemployment Rate chart,
historical data, forecast and news.
BALANCE OF PAYMENTS

In economics, the balance of payments, (or BOP) measures the payments that flow
between any individual country and all other countries. It is used to summarize all
international economic transactions for that country during a specific time period, usually
a year. The BOP is determined by the country's exports and imports of goods, services,
and financial capital, as well as financial transfers. It reflects all payments and liabilities
to foreigners (debits) and all payments and obligations received from foreigners (credits).
Balance of payments is one of the major indicators of a country's status in international
trade, with net capital outflow.

INDIA BALANCE OF TRADE

India is leading exporter of gems and jewelry, textiles, engineering goods,

chemicals, leather manufactures and services. India is poor in oil resources
and is currently heavily dependent on coal and foreign oil imports for its
energy needs. Other imported products are: machinery, gems, fertilizers
and chemicals. Main trading partners are European Union, United States,
China and UAE .
UNITED STATES BALANCE OF TRADE

The United States is the most significant nation in the world when it comes to
international trade. For decades, it has led the world in imports while
simultaneously remaining as one of the top three exporters of the world.
Main exports are: machinery and equipment, industrial supplies, non-auto
consumer goods, motor vehicles and parts, aircraft and parts, food, feed
and beverages. U.S. imports non-auto consumer goods, fuels, production
machinery and equipment, non-fuel industrial supplies, motor vehicles and
parts, food, feed and beverages. Main trading partners are: Canada,
European Union, Mexico, China and Japan.
JAPAN BALANCE OF TRADE

Exports have been the main engine of Japan's economic growth in the past six
years. Japan imports raw materials and processes them into high
technology products. Japan’s major exports are: consumer electronics,
automobiles, semiconductors, optical fibers, optoelectronics, optical media,
facsimile and copy machines. Its main trading partners are United States,
China and European Union.
GERMANY BALANCE OF TRADE

German economy is heavily export-oriented (the world's biggest exporter), with

exports accounting for more than one-third of national output. Its principal
exports are: motor vehicles, machinery, chemical products, electrical
devices and telecommunications technology. German’s principal imports
are motor vehicles, chemical products, machinery, oil and gas and
computers. European Union makes 60 percent of the total trade. Other
major partners are: U.S. China and Russia.
UNITED KINGDOM BALANCE OF TRADE

The United Kingdom is the world's fifth-largest trading nation, highly dependent
on foreign trade. It must import almost all its copper, ferrous metals, lead,
zinc, rubber, and raw cotton and about one-third of its food. The United
Kingdom's exports manufactured items like telecommunications equipment,
automobiles, automatic data processing equipment, medicinal and
pharmaceutical products and aircraft. Its main trading partners are
European Union countries, United States, China and Japan.
EURO AREA BALANCE OF TRADE

Euro Area refers to a currency union among the European Union member states
that have adopted the euro as their sole official currency. Euro Area has
fifteen members, with a further nine states and territories using it as their
sole currency. Based on official estimates of 2007 GDP, Euro Area is the
largest or second-largest economy in the world. Its main trading partners
are: United States, China and Russia.
CHINA BALANCE OF TRADE

Export growth has continued to be a major component supporting China's rapid

economic growth. Exports of goods and services constitute 39.7% of GDP.
China major exports are: office machines & data processing equipment,
telecommunications equipment, electrical machinery and apparel &
clothing. China imports mainly commodities: iron and steel, oil and mineral
fuels; machinery and equipment, plastics, optical and medical equipment
and organic chemicals. Its main trading partners are: European Union,
United States, Japan, Hong Kong and South Korea.