Macroeconomics
Welcome to the Macroeconomic section. Here, I explore the intricate world of macroeconomics with a special focus on the geography of the European Union, Baltic States, and the Caucasus, particularly Georgia. I cover a wide range of topics, including GDP, salaries, inflation rates, and economic policies.
GDP Growth in the Baltic States (2016–2025)
| 311 viewsBetween 2016 and 2025, the Baltic states—Estonia, Latvia, and Lithuania—have undergone significant economic transformations. This period spans two U.S. presidential terms under Donald Trump (2016–…
Minimum Wages in European Union 2024
| 231 viewsIn 2024 there were 22 out of 27 European Union member states with an official minimum wage set by the government.Turns out this is already the tenth (#10) article about minimum wages…
Minimum Wages Set to Increase in Baltic States in 2024
| 120 viewsAs we usher in the new year, significant changes are on the horizon for the Baltic states, particularly in the realm of minimum wage. In 2024, Estonia, Latvia, and Lithuania are all set to witness an…
GDP Per Capita in OECD countries 2022
| 104 viewsOECD or The Organisation for Economic Co-operation and Development is an intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade…
Minimum Wages Set to Increase in Baltic States in 2023
| 94 viewsIn 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR 620 and Lithuania - EUR 800. During the past 5 years minimum wages across…
Average Monthly Salary in European Union 2022
| 1,103 viewsIn 2022 three were 27 member states in the European Union (EU), and 20 of the 27 EU member states have adopted the euro (€) as their common currency. In this article, I've listed…
GDP Per Capita in European Union 2022*
| 95 viewsThe European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. The union has a total population of about 447 million. The other morning I…
African Union GDP Per Capita 2022*
| 30 viewsThe African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU's future goals include a customs union, a single market, a central bank,…
Minimum Wages in European Union 2022
| 53 viewsIn 2022 there were 21 out of 27 European Union member states with an official minimum wage set by the government. Turns out this is already the eighth (#9) article about minimum…
GDP Per Capita In Former Soviet Union Countries 2019
| 78 viewsIt has been a while since I last time compared the economic output of the former Soviet Union states. Last time I did, I had data for 2013, see: GDP Per Capita In Former Soviet Union Countries…
Minimum Wages in European Union 2021
| 58 viewsIn 2021 there were 21 out of 27 European Union member states with an official minimum wage set by the government. Turns out this is already the eighth (#8) article about …
Average Monthly Salary in European Union 2020
| 526 viewsIn 2020 three were 27 member states in the European Union (EU), 19 of the 27 EU member states have adopted the euro (€) as their common currency. In this article, I've…
Minimum Wages in European Union 2020
| 16 viewsIn 2020 there were 21 out of 27 European Union member states with an official minimum wage set by the government. In this article I've listed them all, also this is the first year I'm not…
Minimum Wages in Baltic States 2020
| 13 viewsIt has been a great decade for all three Baltic states, and increasing minimum wages is just one good example of showing that. From humble EUR 238 in 2010 to still modest EUR 607 (Lithuania).…
Minimum Wages in European Union 2019
| 54 viewsIn 2019 there were 22 out of 28 European Union member states with an official minimum wage set by the government. Also, it turns out this is already the sixth (#6) article about minimum wages in…