Understanding GDP: Industry From A to Z

Written by Paulo Nogueira

Published on 30/12/2023 at 11:11

Updated on 30/12/2023 at 13:32

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New Episode of Industry from A to Z: GDP, Economic Activity, Sustainable Growth, Access to Health and Education.

The GDP is an acronym that is present in discussions about the economy. But do you know what it means? The Gross Domestic Product is one of the main indicators used to measure a country’s economic activity. It represents the sum of all final goods and services produced over a certain period of time in an economy.

In Brazil, the calculation of Gross Domestic Product is done by the Brazilian Institute of Geography and Statistics (IBGE). This number provides important information about the growth – or slowdown – of economic activity, assisting in understanding the pace of production, the demand for jobs, and the comparison with other countries. The GDP is an essential tool for assessing the health of the economy and making strategic decisions.

Impact of Sustainable Growth on Society

When an economy grows sustainably, the trend is that the gains are shared within society. There are more jobs, more consumption, new businesses arising, and more innovation. All of this has an impact on people’s lives, including the population’s life expectancy and quality of life, such as increased access to health and education. This directly reflects on demand for jobs and the improvement of the population’s quality of life.

ARTICLE CONTINUES BELOW

Explanatory Video Portal of Industry

What Will You Find?

00:00 Introduction
00:30 What is the Gross Domestic Product (GDP)?
01:40 What is the purpose of GDP?
02:07 History of the Gross Domestic Product
03:24 Economic Growth and Its Relationship with GDP
04:02 How is GDP Calculated?
06:29 Gross Domestic Product Per Capita and Its Importance in Economic Analysis
07:05 Gini Index and Its Relationship with GDP
07:49 Green GDP and Its Benefits for the Environment

Source: Portal of Industry

Understanding GDP: Industry From A to Z

New Episode of Industry from A to Z: GDP, Economic Activity, Sustainable Growth, Access to Health and Education.

Impact of Sustainable Growth on Society

Explanatory Video Portal of Industry

What Will You Find?

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

The world opens its eyes to PIX invented in Brazil after the system moved R$ 35.6 trillion, expanded in countries like France, Portugal, Argentina, and Paraguay, and threatened card giants like Visa and Mastercard with high growth and record adoption.

Balloon the size of a stadium spends 25 days alone over Antarctica at nearly 37 km altitude and returns with data on cosmic antimatter that may reveal one of the rarest clues ever sought about the existence of dark matter.

Forget common renewable energy: HydroWing prepares a 10 MW project in Indonesia to transform ocean currents into predictable electricity, using turbines installed on the seabed in a region where the funnel effect between islands increases tidal potential.

While most dealerships in Brazil take days to deliver cars, in Germany two 48-meter glass towers hold 800 vehicles and release each model via automatic elevators in a few seconds.

Goodbye to workers assembling rebar on construction sites: intelligent robot carries and positions more than 2.2 tons of rebar per hour, ties 1,200 intersections per hour, and promises to cut up to 50% of the schedule in bridge construction projects.

Understanding GDP: Industry From A to Z

New Episode of Industry from A to Z: GDP, Economic Activity, Sustainable Growth, Access to Health and Education.

Impact of Sustainable Growth on Society

Explanatory Video Portal of Industry

What Will You Find?

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

While stadiums in Brazil need hours to cover the field, Tottenham in London transforms a 9,000-ton natural grass field into an NFL arena in just 25 minutes with unprecedented technology.

How does Brazil manage to deliver 13 gas cylinders per second?

While school construction still relies on months of traditional masonry, in Qatar two 50-meter 3D printers will build entire schools in concrete with machines the size of a construction site.

While many footbridges only serve to cross avenues, in Tehran a 270-meter bridge transforms into a suspended square with three levels, connects two parks, and even passes over a busy highway.

While many regular shopping malls resemble concrete boxes, in Kazakhstan a transparent tent of 150 meters houses an artificial beach, an urban park, and an entire shopping center under a tensioned canopy.

The world opens its eyes to PIX invented in Brazil after the system moved R$ 35.6 trillion, expanded in countries like France, Portugal, Argentina, and Paraguay, and threatened card giants like Visa and Mastercard with high growth and record adoption.

Balloon the size of a stadium spends 25 days alone over Antarctica at nearly 37 km altitude and returns with data on cosmic antimatter that may reveal one of the rarest clues ever sought about the existence of dark matter.

Forget common renewable energy: HydroWing prepares a 10 MW project in Indonesia to transform ocean currents into predictable electricity, using turbines installed on the seabed in a region where the funnel effect between islands increases tidal potential.

While most dealerships in Brazil take days to deliver cars, in Germany two 48-meter glass towers hold 800 vehicles and release each model via automatic elevators in a few seconds.

Goodbye to workers assembling rebar on construction sites: intelligent robot carries and positions more than 2.2 tons of rebar per hour, ties 1,200 intersections per hour, and promises to cut up to 50% of the schedule in bridge construction projects.