Posts Tagged ‘GDP’

Measuring the performance of world economies

Friday, August 26th, 2011

The Economist analyzed in a recent article which economies have fared best and worst during the global financial crisis. The article highlights that the real GDP is no longer the best measure for comparing output, because of demographic changes. Canada, like the United States, has a fast-growing population, whereas the number of Germans and Japanese has started to shrink (The Economist, 2011).

The Economist considers the Real GDP per head to be a better measure in order to offer an accurate comparison among worldwide economies’ performance.

Reference

The Economist (2011), Deep freeze, available at: http://www.economist.com/blogs/dailychart/2011/08/gdp-recovery-recession (accessed 23 August 2011)

States and nations infographic – Matching Gross Domestic Product (GDP) and Population size

Monday, February 14th, 2011

One of the most commented blog articles on The Economist is an dynamic infographic that maps state economies part of the US to their equivalents from around the world in terms of $ GDP and # Population size.

While “The Economist proves itself to be imaginative and interesting in its way of illustrating how our world works” as one of the article commentators is acknowledging, what proves to be really interesting from a performance measurement perspective, is the  interest expressed  by the article viewers to visualize  a comparison between America’s States and rest of the world in term of other performance indicators. As it results from a quick analysis of the opinions expressed in the comments section, the most popular  suggestion is  $ GDP per capita.

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Assesing The European Union (EU) Economic and Financial Healthness – Infographic

Thursday, January 27th, 2011

A recently published infographic by The Economist outlines an interesting assessment of the current status of the European Union economic and financial health. The analysis is made in the context of the severe negative effects of the global financial crises faced by several EU countries among which: Greece, Ireland Portugal and Spain. (more…)

Measuring China’s economic performance

Thursday, December 2nd, 2010

Growing China

A simple search on Google about China’s Economy will return you with a staggering number of articles compiling a great amount of information about China’s economical performance. Indeed, with its economy growing at a rate of 9% a year and a valuation of its economy at $1.33 trillion in the second quarter of 2010, it is not hard to fathom why businesses are frantically seeking opportunities to expand and tap into this enormous market that is still growing at a ridiculous rate (Phang & Thomas, 2010). Due to its incredible economical performance from the last decade, China has now become the world’s second-largest economy after United States. To many businesses this means their ticket to success!

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