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, dollars): gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources
, Share of PPP Converted GDP Per Capita at 2005 constant price (%), Source: Penn World Table
, Annual population growth rate for year t is the exponential rate of growth of midyear population from year t-1 to t, expressed as a percentage. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship, ? Population growth
, Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC)
, Following ILO classification and ISIC-Rev. 4, sector assignments in Figure 3 are: ? Agriculture: ISIC section A with Agriculture, forestry and fishing. ? Industry: sum of ISIC sections B-F
, ? Services: sum of ISIC sections G-S
, List of countries in regressions of Table 5: Australia