Economic notes

<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 African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa.  The AU's future goals include a customs union, a single market, a central bank, and a common currency, thereby establishing an economic and monetary union. The African Union has been created a while ago actually in 2001. The African Union consists of 54 countries (52 states and 2 Kingdoms). Update: African Union GDP Per Capita 2022 Although African Union is not so integrated so…

Back in 2013, the European Union (EU) was a political and economic union of 28 member states that were located primarily in Europe.  While the European Union consists of 28 member states. Some would say  - Europe is United. Is it so? Let's figure out, who lives better and who does not.  Update: GDP Per Capita in European Union 2022 GDP per Capita in European Union  2013   2012 2013 Change $ Growth % Luxembourg 103859 111162 7303 6.56 Denmark 56364 58930…

<p>According to exchange rates issued by National Bank of Georgia, USD to GEL exchange rates on 02.05.2014 are&nbsp;<strong>1.7700</strong>, what is up by <strong>0.0185</strong> if <a href="http://www.reinisfischer.com/living-georgia/gel-usd-exchange-rates-mid-… to middle of April</a>.</p><p><img src="http://www.reinisfischer.com/sites/default/files/graph_display.png&quot; width="710" height="340">…

<p>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.</p><p>Armenian government making forecast for 2013 wanted to see increase 6.2%.</p><p>According to Armenian State budget, this year forecast is for 5.2%</p>

<p>Yesterday I wrote about <a href="http://reinisfischer.com/minimum-wage-baltic-states">minimum wages in Baltic states</a>. Today I would like to write about minimum wages in South Caucasus (Armenia, Azerbaijan, Georgia) countries. Both of these regions was once a part of Soviet Union, and for me it's interesting to compare how each of the regions have developed since collapse of Soviet Union.</p><p>Armenia $108, Azerbaijan $133, Georgia $54</p…

<p>It seems is a hot topic in our days - Will China out perform United States by GDP in close future. I'm more skeptical than others, and I don't believe this will happen in next 10 years. After 10 years, who knows - maybe.&nbsp;</p><p>United States accounts about $15.8 trilion GDP in 2012, whilce China's GDP is about $8.227. Some opportunists have called year <a href="http://www.globaltimes.cn/content/760166.shtml">2017, when China will…

<p>Recently I have compared economies of <a href="http://reinisfischer.com/armenia-then-now-future">Armenia</a&gt;, <a href="http://reinisfischer.com/georgia-then-now-future">Georgia</a&gt;, <a href="http://reinisfischer.com/turkmenistan-gdp-1990-2014">Turkmenistan</a&gt;, <a href="http://reinisfischer.com/ukraines-gdp-growth-1990-2012">Ukraine</a&gt;, as well made some sarcastic post concerning…

I have red some interesting article on Estonian Public Broadcasting (news.err.ee) in which  professor of economics, at Tartu University, Raul Eamets predicts that it will take 10-15 years for Estonian incomes to catch up with those of Nordic countries.  Income level is not the same as GDP, but knowing GDP we can tell something about income level, isn't that right?  I decided to make some quick GDP comparison levels of Nordic countries and Estonia.I don't know which countries Estonian economics…