Gross domestic product for the 15 nations that use the euro shrank by 0.2% in the third quarter, mirroring the 0.2% negative growth booked in the second quarter, technically putting the region into recession.
Economic losses in relation to Gross Domestic Product are higher in developing nations, however.
Japan's debt-to-gross domestic product ratio is highest among developed nations, topping 200%.
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This horde surpasses the gross domestic product of Germany, one of only six nations to have fewer billionaires this year.
Some years back, the U.N. welcomed the new millennium with a proposal that wealthy nations start turning over 0.7% of their gross national product for aid to the developing world.
The Italian government is not only reviewing its position on tax havens, the country is in dire need of spare tax revenues as one of the few European nations whose national debt has surged above 100% of gross domestic product.
Serbia, which has surged economically since the end of its bitter wars with other former Yugoslav nations a decade ago, boasts a debt-to-gross domestic product ratio of 51%, well below Western European averages.
Petroleum accounts for more than half of Ecuador's export earnings and have allowed it to lead the region in 2011 in public spending as a portion of gross domestic product at 11.1 percent, according to the United Nations.
The emerging nations out of the crisis depend on exports to meet their GDP (Gross Domestic Product) goals.
All told, health care consumed 17.9 percent of the U.S. Gross Domestic Product a far larger portion of the economy than many other developed nations.
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While the US led the way with more than 13% of gross domestic product spent on health, Canada, Australia and the best-performing European nations were all spending about 9% to 10%.
That is UN-speak for a commitment developed nations like the United States undertook in 2002 to commit 0.7% of their gross domestic product to Official Development Assistance (ODA, also known as foreign aid).
In Honduras, one of the poorest nations in the Western Hemisphere, this was the equivalent of 74% of the country's 1997 gross domestic product.
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