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 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 out and...

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...

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 following...

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...

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 already....

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, including...

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 business...

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 by ...

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% of...

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 decided to compare how 6 independent states looks alike in 2013 (Most recent data we can...

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 salaries in those republics. I must admit, it was harder to gather data about average salaries,...

Top 10 Largest Countries by GDP 2013

Last year I started 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. Gross Domestic Product in TOP 10 Largest Economies 2013 Rank Country...

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 made me smile, I decided to compare - is it real for Estonia to reach level like that?...

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. The African Union consists of 54 countries (52 states and 2 Kingdoms). Although African...

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 to this economical group.  BRICS countries with 3 trillion population represents...

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 by fault in 500 KV  line. I'm not an expert in electricity, and I'm not familiar with...

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 independent countries. I won't discuss in this article about  - are they really...

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 tough - economical weak. Or I was taught in school - USSR was military giant but economical...

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.    2012 2013 Change $ Growth % Luxembourg 103859 111162...

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 - free market economies stretching from Baltic sea to Bering straight. In total there are...

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 wages in Former Soviet Union one more time. Although minimum wages doesn't play major...

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 Moldova and Georgia recenlty signed Association Agreement with European Union - and that opens...

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 middle of April.Since start of this year GEL has lost already 0.0334 from its value on 01.01...

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: 21.33GDP: 169.4 billion USD (2012)GDP per capita: 7.942 thousands USD (2012)Romania since 2007...

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 for Moldavian citizens to EU. I decided to take a look at this country, which I know just...

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 wait to see Visa Free travel to EU for Georgian citizens as well.ĖU citizens already can...

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.Armenian government making forecast for 2013 wanted to see increase 6.2%.According to Armenian...

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 (07.01.2014)And for my surprise GEL CONTINUES to be weak against USD, so much, that for me it seems...