Goal 8 Decent work and economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Targets
Somalia currenty has data on these targets for Goal8.
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Definition
Annual growth rate of real Gross Domestic Product (GDP) per capita is calculated as the percentage change in the real GDP per capita between two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or area. The data for real GDP are measured in constant US dollars to facilitate the calculation of country growth rates and aggregation of the country data
Method of computation
The annual growth rate of real Gross Domestic Product (GDP) per capita is calculated as follows: a. Convert annual real GDP in domestic currency at 2015 prices for a country or area to US dollars at 2015 prices using the 2015 exchange rates. b. Divide the result by the population of the country or area to obtain annual real GDP per capita in constant US dollars at 2015 prices. c. Calculate the annual growth rate of real GDP per capita in year t+1 using the following formula: 𝐺𝑡+1−𝐺𝑡 ÷ 𝐺𝑡 × 100, where Gt+1 is the real GDP per capita in 2015 US dollars in year t+1 and Gt is the real GDP per capita in 2015 US dollars in yeart.
Source
United Nations, Department of Economic and Social Affairs, Statistics Division (AMA)