Ακαθάριστο εγχώριο προϊόν : εξέλιξη και προβλέψεις

Σάλτης, Γεώργιος

Gross Domestic product : progress and predictions

Master Thesis

Author

Σάλτης, Γεώργιος

Date

2016-10

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Keywords

Εθνικοί λογαριασμοί ; Ακαθάριστο Εγχώριο Προϊόν ; Ευρωπαϊκή Ένωση ; Κατανάλωση ; Επενδύσεις ; Απασχόληση ; Προβλέψεις ; National Accounts ; Gross Domestic Product ; European Union ; Consumption ; Investments ; Employment ; Predictions

Abstract

National accounts are the source for a multitude of well-known economic indicators which are presented in this study. Gross domestic product (GDP) is the most frequently used measure for the overall size of an economy, while derived indicators such as GDP per capita — for example, in euro or adjusted for differences in price levels — are widely used for a comparison of living standards or to monitor the process of convergence across the European Union (EU). Moreover, the development of specific GDP components and related indicators, such as those for economic output, imports and exports, domestic (private and public) consumption or investments, as well as data on the distribution of income and savings, can give valuable insights into the main drivers of economic activity and thus be the basis for the design, monitoring and evaluation of specific EU policies. In the first part of our study we will analyze the main components of Gross Domestic Product. In the second chapter, we will give an overview of GDP’s process from 2003 to 2015 and clear up why all predictions for 2015 had a deviation from the realized sizes. We will continue with analyzing the economic crisis- causes and results, especially in our country, Greece. In the last chapter, we will study predictions for Greece from multiple sources such as European Commission, Citygroup, Standard & Poor’s and the Greek Ministry of Finance.