What Is GDP Capita?

Per-capita GDP (constant LCU) The definition is long. Gross domestic product divided by midyear population equals GDP per capita. Gross domestic product (GDP) at purchaser’s prices is the sum of gross value contributed by all resident producers in the economy, plus any product taxes, minus any subsidies not included in the product value. What does […]

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How Does Inflation Affect The Price Of Goods And Services?

Inflation, or the gradual increase in the price of goods and services over time, has a variety of positive and negative consequences. Inflation reduces purchasing power, or the amount of something that can be bought with money. Because inflation reduces the purchasing power of currency, customers are encouraged to spend and store up on products […]

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Is Spain In Recession?

According to data issued on Friday by the National Statistics Institute, Spain’s economy dropped by 11% in 2020. (INE). This is the most significant drop since the Spanish Civil War in the late 1930s. The limitations implemented last year to combat the spread of the coronavirus, particularly the 94 days of rigorous house confinement that […]

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