Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by an economy in a specific period, adjusted for price changes, Essentially, it measures a country’s total economic output, taking price changes into account—whether they are due to inflation or deflation.
Why is only the eu measured and not all of europe?
Looking at this, it seems that the european goal to decrease inequalities between members is working, except in Romania, Greece, Portugal, Malta and Luxembourg. But can the means through which Ireland, Malta and Luxembourg have such high GDP growth really be called “economic performance”?
Useless, for Spain this is driven by rapid population growth thus GDP per capita grows less than expected.
How is Germany so low? You’d expect the eastern part to catch up.
Italy 😳
The main difference I am seeing is that the large GDP US states (California, Texas, Florida, Massachusetts) grew at a robust rate while the largest EU economies (Germany, France, Italy) were fairly stagnant.
The opposite seems to be true for the smaller states/countries, respectively, though the contrast is less striking and more random
Utah’s number is pretty insane
Ireland and Poland strong 💪
Ireland and Poland strong 💪
All US states, except one, grew more than Italy.
Germany growth was lower than 46 US states.
Important to note that this is overall, not per capita. Two big factors driving the higher numbers:
1. US States and European nations that began with a low GDP per capita. It’s much easier to catch an economy up to the current technological and economic frontier than it is to make new breakthroughs at the frontier.
2. Population growth: because this is not a per capita statistic, adding people means a growing GDP. Hence Utah, Nevada, Texas, and the US South generally.
Ireland has both factors working together to boost GDP.
If you ask the Irish on Social Media this is all fake news.
Not sure if this takes it into account, but in this time period the US has also increased by about 60 million people, where as the EU (exc UK) has increased by 21 million.
If its not taken into account, that will obviously have a big impact too (especially in specific places. For example, Texas alone has increased its population by 60% in that timeframe!).
I had to adjust the screen colour contrast to see Italy
The map would be more interesting if the Balkans were included, for example Albania seems to have more than 750% growth. (Yeah we all started from practically 0)
Non Eurozone countries have grown more than Eurozone countries.
Spain is the wrong colour, according to the key.
God damn, Italy
In Ireland we have been working extra hard to get up to that level /s
20 comments
Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by an economy in a specific period, adjusted for price changes, Essentially, it measures a country’s total economic output, taking price changes into account—whether they are due to inflation or deflation.
Why is only the eu measured and not all of europe?
Looking at this, it seems that the european goal to decrease inequalities between members is working, except in Romania, Greece, Portugal, Malta and Luxembourg. But can the means through which Ireland, Malta and Luxembourg have such high GDP growth really be called “economic performance”?
Useless, for Spain this is driven by rapid population growth thus GDP per capita grows less than expected.
How is Germany so low? You’d expect the eastern part to catch up.
Italy 😳
The main difference I am seeing is that the large GDP US states (California, Texas, Florida, Massachusetts) grew at a robust rate while the largest EU economies (Germany, France, Italy) were fairly stagnant.
The opposite seems to be true for the smaller states/countries, respectively, though the contrast is less striking and more random
Utah’s number is pretty insane
Ireland and Poland strong 💪
Ireland and Poland strong 💪
All US states, except one, grew more than Italy.
Germany growth was lower than 46 US states.
Important to note that this is overall, not per capita. Two big factors driving the higher numbers:
1. US States and European nations that began with a low GDP per capita. It’s much easier to catch an economy up to the current technological and economic frontier than it is to make new breakthroughs at the frontier.
2. Population growth: because this is not a per capita statistic, adding people means a growing GDP. Hence Utah, Nevada, Texas, and the US South generally.
Ireland has both factors working together to boost GDP.
If you ask the Irish on Social Media this is all fake news.
Not sure if this takes it into account, but in this time period the US has also increased by about 60 million people, where as the EU (exc UK) has increased by 21 million.
If its not taken into account, that will obviously have a big impact too (especially in specific places. For example, Texas alone has increased its population by 60% in that timeframe!).
I had to adjust the screen colour contrast to see Italy
The map would be more interesting if the Balkans were included, for example Albania seems to have more than 750% growth. (Yeah we all started from practically 0)
Non Eurozone countries have grown more than Eurozone countries.
Spain is the wrong colour, according to the key.
God damn, Italy
In Ireland we have been working extra hard to get up to that level /s