How intensive was growth of GDP US, EU15, China and Russia?

The paper analyses GDP development of USA, 15 countries of European Union, China and together former USSR to 1991 with Russia from 1992 for the period 1961 - 2011. It uses public available data – the growth rate of GDP, the growth rate amount of labor and amount of capital. We concentrates how intensive factors (total productivity factor, TPF) and extensive factors (total input factor, TIF) contribute to the change of GDP. We do not use equation of growth accounting as it is applicable only for growth of GDP in the case of small growth race. So we develop special indicators so called dynamic intensive parameter and dynamic extensive parameter that are able to count the share of impact of change of intensive factor (change in total productivity factor) and the impact of extensive factors (change in total input factor) on the GDP development not only for GDP growth but also for it decline and stagnation. The value of both indicators can be positive – it means that the change TPF or TIF contributes to GDP growth, or negative - it means that the change TPF or TIF contributes to GDP fall. The paper introduces the methodology how the indicators are derived. Their year-on-year values are counted them for all countries under research. The results for all countries clearly show that value of indicators correspond to the real historical events that are shortly mentioned. That results are especially valuable in the case of a recession when growth accounting is not able to count how change of TPF a TIF contributes to GDP decline. We therefore think the indicators could be used as a substitute for growth accounting.