Economic notes

I can spend hours by researching latest GDP data on World DataBank to later import them to Google Spreadsheets and make some graphs, diagrams or charts. In fact, posts about minimum wages in European Union member countries are one of the most read on this blog. Minimum wages, average wages, GDP, different World regions are just a few to name topics covered in Economic notes by Reinis Fischer.

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 in the TOP 10 largest economies of the World.  In this article, we will figure…

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 surprised after seeing results. Let me explain. First - call it as you wish - major world…

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 expected to live if mortality rates at each age were to remain steady in the future. In…

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, to celebrate this small anniversary I decided to take a look back - to see economic…

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 50 American States + D.C. It was easier to come up with idea than actually get data, as it…

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 exactly what I'm doing. Now, Soviet Union doesn't exist for more than 25 years…

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 and Moldova are exposing their governments to major political pitfalls this year…

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 banking sector, the bank is changing its strategy to focus on small and medium…

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 - there are 19 countries in Euro zone. Here is the article I found on BBC…

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 sector. Tourism industry in 2013 generated $1.4 trillions in export, what is about 6…