GDP

<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>

In a world shaped by geopolitical dynamics, military spending plays a pivotal role in defining a nation's strategic capabilities. Let's delve into the realm of defense budgets and unveil the top 10 countries that invest significantly in their military apparatus.1. The World's Top 10 Richest Countries by Military Expenditures:United States: $682.478 billionChina: $166.107 billionRussia: $90.749 billionUnited Kingdom: $61.007 billionJapan: $59.267 billionFrance: $58.943 billionSaudi Arabia: $56.…

That said makes me think, that Turkey has no serious plans to join Eurasian Union. IMHO Turkey is teasing European Union. And why shouldn't? Turkey has long, long history on it's attempts to join European Union, but there always are some obstacles from EU side. And that makes Turkey angry. From one side - EU is feeling fears, if Turkey will join EU, then mass migration of Turkish job seekers will over flood EU, on other hand it sounds kinda ridiculous. Germany, the main country against Turkey…

I recently wrote an article exploring the Gross Domestic Product (GDP) of the Commonwealth of Independent States (CIS), Baltic states, and Georgia in 2012. Now, I'm turning my gaze to the future and examining what the economies of the former Soviet Union republics may look like in 2018. Why 2018? I'm relying on IMF forecasts, and as of now, the closest future projections available from the IMF extend until 2018. As per the data provided by the IMF, in 2018, the largest economy in the CIS,…

The collapse of the Soviet Union in 1991 marked the end of a massive political and economic entity, leading to the creation of several independent states. The Commonwealth of Independent States (CIS), Baltic states, and Georgia are some of the countries that emerged from the Soviet Union's ashes. But what happened to these countries after the collapse and what has become of their economies in the present day? First, let's take a look at the economy of the former Soviet Union countries as a…

<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…

Recently I wrote an article about Georgia, then, now - future, this time I would like to write about Armenia. Landlocked land, with huge economic problems, ongoing conflicts with neighboring Azerbaijan over Nagorno-Karbakh region. A country that plans to enter Eurasian Union on January 1st, 2014.   Let's start with some basic chart: As seen from the chart above, Armenia, as well as neighboring Georgia, is no exception, in economic shrink after collapsing of Soviet Union. Now let's take a…

Germany is the largest economy in the European Union, accounting for more than 3 trillion USD GDP nominal. This gives us a clear indication that if we can forecast the German economy, we can also forecast the economy of the European Union and even the Euro Zone. Understanding the economic landscape of Germany is crucial, as it is a dominant player in the EU, with a significant impact on the overall economic health of the region. The chart above showcases the GDP nominal of Germany compared…