Macroeconomics

Minimum wages in the Baltic states are the lowest ones in the European Union. In 2013 minimum wage in Baltic states was $427 in Estonia, $379 in Latvia and $385 in Lithuania. Update: Minimum Wage…

15 former Soviet Union republics, then and now. In 1990 in the Soviet Union lived 287.728 million people. In 2012 in the former republics lived 290.587 million people, which is 0.98% increase. A…

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…

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…

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…

The European Union, with 28 member states and a population reaching over 500 million, may sound like the world's largest economy when viewed as a whole. In 2012, the EU's GDP was $16.6 trillion. But…

The Democratic Republic of Congo (DRC) has long been recognized as one of the poorest countries in the world, with a GDP per capita of just $394 in 2013, according to the World Bank. The country…

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…

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…

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…