GDP

Georgia is a country located in the South Caucasus region and has a rich and diverse history. The Georgian economy has gone through its ups and downs in the past few decades, and in this article, we will take a closer look at its historical GDP and project what the future might look like. To start, let's examine the historical GDP of Georgia by nominal values. The chart shows that Georgia, like many other former Soviet republics, experienced a decline in its economy in the 1990s. This…

Turkmenistan is a country that has managed to defy the odds and experience steady economic growth, even during the global financial crisis of 2009. The country is renowned for having the fourth largest natural gas reserves in the world and is a member of the Commonwealth of Independent States (CIS). According to data from the International Monetary Fund (IMF), Turkmenistan’s economy is projected to grow by 12.4% in 2013 and 10.4% in 2014. This growth is not limited to Turkmenistan as…

Both Ukraine and Poland have experienced significant changes in their economies since the collapse of the Soviet Union. While both countries were part of the Iron Curtain and had similar population sizes, their economic growth followed different paths. In 1990, Ukraine had a higher GDP and GDP per capita compared to Poland. However, over the past two decades, Poland's economy has grown faster, with its GDP and GDP per capita reaching 489.8 billion USD and 12.707 thousand USD respectively in…

The global economy is a complex and dynamic system that is constantly changing. In order to get a better understanding of the world's top economies, it is important to take a look at the latest data and trends. In this article, we will explore the top 20 largest economies in the world by GDP nominal in 2019 and analyze the GDP per capita in the top 10 largest countries by GDP. According to the World Bank, the top 20 largest economies in the world by GDP nominal in 2019 are as follows: United…

The construction of the Azerbaijan Tower and the Khazar Islands, a $100 billion city of 41 artificial islands in the Caspian Sea, was first planned to begin in 2015 and be completed by 2025. There is no recent update on the status of the project and whether it has been initiated or not. It's possible that the project has been postponed or even canceled due to various reasons such as funding, economic conditions, or other considerations. It's recommended to check with local sources for the most…

Have you read the recent article on NYTimes about Azerbaijan's ambitious plan to become famous? Azerbaijan, like UAE, is an oil-rich country with aspirations for growth and development. In this post, we will compare the GDP and living standards of Azerbaijan and UAE to see how they compare. Using data from the World Bank, we can see that in 2011, the GDP of Azerbaijan was 63.4 billion USD while the GDP of UAE was 360.2 billion USD. The GDP per capita in Azerbaijan was 6.911 thousand USD and…

Ukraine, a country once considered as an integral part of the Soviet Union, has had a checkered economic history since its independence. Despite being one of the largest economies in Eastern Europe, Ukraine's GDP per capita has always lagged behind Russia, which has been three-four times better in terms of GDP terms per capita. The recent announcement by the World Bank that the forecast for Ukraine's GDP has been cut down to zero this year (2013) has only added to the country's economic woes…

t is fascinating to compare the economic growth of the Baltic states and Caucasus regions and make predictions on their future growth. The competition between these two regions to achieve a GDP of 100 billion USD is intense. In 2012, the total GDP of the Baltic states was 92.47 billion USD, while that of the Caucasus was 92.94 billion USD, with the latter leading by just 47 million USD. With 2013 already underway, it is interesting to take a look at the forecasts for each country and make…

The Nordic region, consisting of Denmark, Finland, Iceland, Norway, and Sweden, is known for its high standard of living and robust economies. In 2012, these countries combined had a total GDP of 1.603 trillion USD, which is a significant number compared to other regions such as the Baltic states or the Caucasus. When looking at the GDP of each country, Sweden had the highest with 525.7 billion USD, followed by Norway with 499.7 billion USD, Denmark with 314.2 billion USD, Finland with 250…

The Baltic states and Caucasus region both have unique economic landscapes that make for an interesting comparison. Let's start by looking at the GDP in each of the six countries in 2012. Azerbaijan was the wealthiest country with 67.2 billion USD, followed by Lithuania with 42.25 billion USD, Latvia with 28.37 billion USD, Estonia with 21.85 billion USD, Georgia with 15.83 billion USD, and Armenia with 9.91 billion USD. It's interesting to see that Azerbaijan was the clear winner when…