For example, Germany had -4,9% in 2020, +2,7% in 2021. This yields
> ((1-0,049)×(1+0,027)-1)×100%=-2,33%
growth in total.
I love how Portuguese and Spanish GDP is declining so much, two countries being ruled by left/far-left ideologic idiots… But here people thought leftists were so goooood… Meanwhile you see GDP of more right oriented countries like Poland, Hungary, Lithuania, Ireland, etc who have right or center right government are seeing their wealth growing up… Good job Iberians, you’ll turn this place into the european Venezuela…
GDP isn’t a great indicator for Ireland due to the disproportionate impact multinationals have on our economy. However the economy is actually doing pretty well here. Our main industries (pharma, tech, agriculture) either benefitted from covid or at least weren’t harmed. Our hospitality industry suffered like everywhere due to restrictions and lower tourism, but generous government supports and ‘staycationing’ has helped a lot. And it feels like a consumer spending boom (especially on services) has kicked off on the back of pent up demand and the huge amount of savings built up during the lockdowns.
11 comments
I used the numbers from [this](https://www.reddit.com/r/europe/comments/qujm6f/gdp_growth_for_eu_countries_in_2021_according_to/?utm_medium=android_app&utm_source=share) post (autumn forecast) for 2021 and [this source](https://ourworldindata.org/grapher/gross-domestic-product?tab=chart&stackMode=relative&time=2019..latest&country=DEU~FRA~AUT~BEL~HRV~CYP~CZE~DNK~FIN~GRC~LUX~LTU~LVA~EST~IRL~NLD~POL~PRT~ROU~ITA~ESP~SWE~MLT~BGR~SVK~SVN~HUN) for the 2020 numbers.
For example, Germany had -4,9% in 2020, +2,7% in 2021. This yields
> ((1-0,049)×(1+0,027)-1)×100%=-2,33%
growth in total.
I love how Portuguese and Spanish GDP is declining so much, two countries being ruled by left/far-left ideologic idiots… But here people thought leftists were so goooood… Meanwhile you see GDP of more right oriented countries like Poland, Hungary, Lithuania, Ireland, etc who have right or center right government are seeing their wealth growing up… Good job Iberians, you’ll turn this place into the european Venezuela…
GDP isn’t a great indicator for Ireland due to the disproportionate impact multinationals have on our economy. However the economy is actually doing pretty well here. Our main industries (pharma, tech, agriculture) either benefitted from covid or at least weren’t harmed. Our hospitality industry suffered like everywhere due to restrictions and lower tourism, but generous government supports and ‘staycationing’ has helped a lot. And it feels like a consumer spending boom (especially on services) has kicked off on the back of pent up demand and the huge amount of savings built up during the lockdowns.
I wonder what the discrepancy between this and [this](https://www.reddit.com/r/europe/comments/qid1ht/french_economy_grew_3_in_q3_returned_to/) (when France announced they were back to 2019 levels together with a bunch of other EU countries who had rebounded at that point)
Wow great work, thanks!
Thanks, tech companies 👍
This is really terrible.
Best vaccination rate but still worst economies
Netherlands be like ‘what crisis?’
Looks like Swedish experiment of “no restrictions to save economy” didn’t work out in the end.
Ireland📈