Economic notes

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Top 10 Largest Economies In The World by GDP Nominal (2015)
According to the World Bank Gross Domestic Product (GDP) of the World in 2015 was 73,502 Trillion USD. More than half (48.77 Trillion USD) of it was produced...
Average Monthly Salary in Former Soviet Union Republics 2016
About two years ago I first compared average monthly salary in Former Soviet Union Republics. Now, two years later, I decided to compare again. I was...
Life Expectancy in European Union 2015
In today's article - Life expectancy in European Union (EU).  Life expectancy equals the average number of years a person born in a given country...
Georgia - 5 years latter (Economic Developments 2011-2016)
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,...
Median Household Income in US by State 2014
After reviewing minimum and average salaries in member states of European Union, I decided to take a look on US average wages -  and compare all...
Projected Future Forecast For GDP In Former Soviet Union Block Countries (2014-2019)
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...
Stratfor: How Currency Woes Undermine Georgia, Moldova
Governments across the former Soviet Union have felt the impact of currency devaluations, but currency depreciations and related economic problems in Georgia...
ProCredit Bank Withdraws From Micro-loans, Will Focus on SME's
On 27 January, ProCredit Bank held a press conference to announce its performance results for 2014 and to reveal its new strategies. After 15 years in the...
Lithuania joins Eurozone
January 1st, 2015 is a historic day for a Baltic nation - Lithuania is changing it currency to Euro, following Latvia (2014) and Estonia (2011).Starting today...
World Tourism Highlights for 2013, UNWTO 2014 Edition
Did you now that 9% of Worlds GDP in 2013 was made thanks to tourism and related services?It turns out that every 1 of 11 employees is employed in tourism...
Baltic States Vs South Caucasus States by GDP 2013
A while ago I already compared Baltic nations with Caucasian nation by GDP (that time I was comparing data for 2012). Since it's second half of 2014 already, I...
Average Salary in Former Soviet Union 2014
Some time ago I did a comparison of minimum government set wages in Former Soviet Union republics. Today, I decided to figure out - what is the average...
Top 10 Largest Countries by GDP 2013
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...
Estonia To Catch Up Income Level like in Scandinavia in next 9-14 years
Last year I red an excellent article pointing out that income level in Estonia could reach level its in Scandinavia in next 10-15 years. Although this article...
African Union GDP Per Capita 2013
Probably few will be heard of African Union - Union that "unites" countries in Africa's continent. This Union has been created a while ago actually in 2001....
GDP In BRICS Countries 2013
BRICS is the acronym of 5 developing countries - Brazil, Russia, India, China and South Africa. Originally created as BRIC, the South Africa was added in 2010...
Electric power consumption (kWh per capita) in Former Soviet Union 2011
Yesterday a power outage happened in Tbilisi, and whole country of Georgia was cut of electricity. According to official information - power outage was caused...
GDP in European Union 2013
European Union if looked at it as a whole solid brick economy - could be named as a Worlds largest economy by GDP. But European Union still consists of 28...
GDP In Former Soviet Union 2013
It has been already 24 years since collapse of Soviet Union, an empire that once threatened all the rest world with it's mighty military. Although military...
GDP Per Capita in European Union 2013
European Union consist of 28 member states. Some would say  - Europe is United. Is it so? Let's figure out, who lives better and who not....
GDP Per Capita In Former Soviet Union Countries 2013
Soviet Union once was a mighty empire that threatened all the rest world, it has been already 24 years since Soviet Union doesn't exist any more, what's left...
Minimum Wages in Former Soviet Union 2014
Some time ago I already did a chart of minimum wages in Former Soviet Union, now some time - about 6 months have passed and I decided to take a look to minimum...
Ukraine GDP per capita
Ukraine GDP per capita in 2012 was about $3.866 thousands. Compared to other countries GDP per capita is low. Not to say very low. Ukraine together with...
Latvian GDP rises for 2.8% in first quarter 2014
Latvian GDP has rised by 2.8% in 2014 first quarter.http://www.gorod.lv/novosti/230600-vvp-latvii-v-pervom-kvartale-etogo-goda-vyros-na-28
GEL to USD exchange rates start of May
According to exchange rates issued by National Bank of Georgia, USD to GEL exchange rates on 02.05.2014 are 1.7700, what is up by 0.0185 if compared to...
Romania - a brief overview
Yesterday I took a brief overview of Moldova, today I'm willing to briefly see how neighbouring Romania looks like. Romania - basic dataPopulation: 21....
Moldova - a few facts
Moldova - a country between EU and Ukraine, member of Eastern Partnership, once a member of mighty Soviet Union. Recently EU liberated VISA FREE Travel...
Moldova - EU Visa Free Travel
Molodvan citizens will no longer need Visa to travel to European Union, starting April 28Th, 2014.Found this news on Reuters site.I guess it's not long time to...
Armenian GDP rise for 3.5%
Total GDP in Armenia for 2013 made $ 4 266,8 billions Armenian Dram, what is about $10,4 billion, making 3.5% increase compared to previous (2012) year....
GEL continues to be weak against USD - is it time to start get worried?
At the end of december I made post about that Georgian lari continues to be weak agains USD. Today I decided to see what exchange rates are for today (07.01....