Gross domestic product

Japan has slipped to the world's fourth-largest economy, as government data released Thursday showed it fell behind Germany's in 2023.

The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children, analysts say.

According to the express estimates of the National Statistical Institute, during the fourth quarter of 2023, the gross domestic product (GDP) increased by 1.6% compared to the same period of the previous year and by 0.5% compared to the third quarter of 2023, based on seasonally adjusted data.

The information and communication technology sector is the undisputed champion of growth in Cyprus, as revealed by GDP data published by the Statistical Service of Cyprus (CyStat), highlighting the momentum of the sector as a component of the Cypriot GDP.

BELGRADE - Serbia's real GDP was up by 3.8 pct y-o-y in Q4 2023, the Serbian national statistical office RZS said on Wednesday in a flash estimate of constant-price GDP growth.

The RZS also said a more detailed GDP calculation for Q4 2023, performed at lower aggregation levels, would be published on February 29.

Preliminary data from the European statistical office Eurostat reveals that the Eurozone and the European Union managed to maintain economic stability in the fourth quarter of 2023, bouncing back from a 0.1% contraction in GDP during the previous quarter.

Bulgaria's economic landscape saw the gross external debt ascend to EUR 44,402.6 million by the end of November 2023, marking a 1% increase from the previous year and constituting 46.5% of the country's Gross Domestic Product (GDP).

DAVOS - Since 2012-2013, Serbia has succeeded in more than doubling its total GDP from 32 bln euros to almost 69 bln euros, Serbian President Aleksandar Vucic said at a World Economic Forum (WEF) discussion panel in Davos on Thursday.

Vucic noted that the IMF had projected Serbia's GDP to grow 3.5 pct in 2024 but that he believed the growth rate would reach 3.6 pct.

The huge gap between how women and men's health are treated costs $1 trillion a year worldwide, the World Economic Forum (WEF) said yesterday. 

Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal focus on men across medical research, diagnosis and treatment, the report said.

Reducing the ratio of debt-to-gross domestic product at the fastest rate in Europe, achieving higher positions in the rating agencies' scales and further reducing the cost of servicing the country's borrowing, are the three main objectives set by the financial staff for the crucial issue of managing the Greek debt.

The Turkish construction sector may grow about 4.5 to 5 percent this year, according to the Association of Construction Material Producers (İMSAD).

The construction sector's growth rate remained above the GDP expansion in the past four quarters, the association said in its monthly report.