GDP

Wow, time flies, it has been already 5 years since I last time reviewed Georgia's GDP growth rates, back in 2013 I come up with a simple article: Georgia then, now, future Here is what the International Monetary Fund projected for Georgia for 2018: According to IMF, Georgian GDP will rise average 6% per year until 2018, and in 2018 it could be approx 21.81 bln USD Georgia GDP Forecast 2014-2018 Although we don't yet have exact data for 2018 yet, it's believed that the GDP in Georgia was…

April 1st marks my five year anniversary since I opted to move to this amazing country on the edge where East meets West - Republic of Georgia. Today, to celebrate this small anniversary I decided to take a look back - to see economic developments in Georgia 2011-2016 - how things how changed since I first landed at Tbilisi airport back at at April 1st, 2011.  See: 3 years in Georgia and 16 places to visit in Georgia and Tbilisi , for my previous annul reviews about Georgia. As for a small…

In past I have created many GDP reviews regarding former Soviet Union republics, but have never made future GDP forecast report yet. In this article that's exactly what I'm doing. Now, Soviet Union doesn't exist for more than 25 years already. Those former 15 republics have gone more or less separate way since dissolution of USSR.   There has happened some geopolitical changes over last 25 years, starting of dissolution of USSR, formation of CIS (Commonwealth of Independent States), three of…

<p>Did you now that <strong>9% of Worlds GDP in 2013</strong> was made thanks to tourism and related services?</p><p>It turns out that every <strong>1 of 11 employee</strong>s is employed in tourism sector. Tourism industry in 2013 <strong>generated $1.4 trillions</strong> in export, what is about <strong>6% of Worlds export</strong> and pretty serious <strong>29% of services export.</strong></p><p><img…

Last year I started to pay more attention to the TOP 10 largest economies in the World by terms of Gross Domestic Product. It's time to compare them again. Top 20 Largest Economies In The World by GDP Nominal (2019) Gross Domestic Product in TOP 10 Largest Economies 2013 Rank Country 2012 2013 Growth bln $ Growth % 1 United States 16,244 16,800 556 3.42 2 China 8,229 9,240 1,011 12.28 3 Japan 5,937 4,901 -1,036 -17.44 4…

<p>Last year I red an excellent article pointing out that <a title="Estonia Income level" href="http://www.reinisfischer.com/estonia-catch-scandinavia-next-10-15-years…; target="_blank">income level in Estonia could reach level its in Scandinavia in next 10-15 years</a>. Although this article made me smile, I decided to compare - <strong>is it real for Estonia to reach level like that</strong>?&nbsp;</p><p>Since its almost a…

The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are a group of developing economies that are expected to have a significant impact on the world economy in the coming years. This acronym was created in 2010 to represent the economies of these five countries, which have a combined population of over three trillion and represent about 40% of the world's population. The BRICS countries are also all G20 countries, making them a significant economic force in the…

The European Union (EU) is a massive economic force, with a combined GDP that would make it the world's largest economy if it were viewed as a single entity. However, it is important to remember that the EU is made up of 27 independent member states (as of 20213) each have its own unique economic challenges and strengths. In this article, we will examine the individual GDPs of each member state in the EU. The GDP of a country is a measure of its economic output and is calculated by adding up…

The GDP of the former Soviet Union countries has been a topic of interest for many economists, politicians, and individuals alike. The economic performance of these countries is seen as an indicator of their growth and development. In 2013, the GDP of the former Soviet Union countries was a mixed bag of growth and decline. This article will take a look at the GDP performance of these countries in 2013. Russia, the largest country in the former Soviet Union, had a GDP of $2.1 trillion in 2013…

Yesterday I took a brief overview of Moldova, and today I'm eager to dive into the neighboring country of Romania. Romania is a full-fledged member of the European Union since 2007, together with Bulgaria, and is considered one of the poorest countries in the EU in terms of wealth. With a population of 21.33 million people and a GDP of 169.4 billion USD in 2012, Romania's GDP per capita is 7.942 thousands USD. Although Romania is four times richer than its neighbor Moldova, it is still five…