GDP

Wow, time flies, it has been already 5 years since I last time reviewed Georgia's GDP growth rates, back in 2013 I come up with a simple article: Georgia then, now, future Here is what the International Monetary Fund projected for Georgia for 2018: According to IMF, Georgian GDP will rise average 6% per year until 2018, and in 2018 it could be…

April 1st marks my five year anniversary since I opted to move to this amazing country on the edge where East meets West - Republic of Georgia. Today, to celebrate this small anniversary I decided to take a look back - to see economic developments in Georgia 2011-2016 - how things how changed since I first landed at Tbilisi airport back at at…

In past I have created many GDP reviews regarding former Soviet Union republics, but have never made future GDP forecast report yet. In this article that's exactly what I'm doing. Now, Soviet Union doesn't exist for more than 25 years already. Those former 15 republics have gone more or less separate way since dissolution of USSR.   There has…

Last year I started to pay more attention to the TOP 10 largest economies in the World by terms of Gross Domestic Product. It's time to compare them again. Top 20 Largest Economies In The World by GDP Nominal (2019) Gross Domestic Product in TOP 10 Largest Economies 2013 Rank Country 2012 2013 Growth bln $ Growth % 1…

Last year I red an excellent article pointing out that income level in Estonia could reach level its in Scandinavia in next 10-15 years. Although this article made me smile, I decided to compare - is it real for Estonia to reach level like that? Since its almost a year since  I wrote that article - I decided to compare again and see how Estonia is…

The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are a group of developing economies that are expected to have a significant impact on the world economy in the coming years. This acronym was created in 2010 to represent the economies of these five countries, which have a combined population of over three trillion…

The European Union (EU) is a massive economic force, with a combined GDP that would make it the world's largest economy if it were viewed as a single entity. However, it is important to remember that the EU is made up of 27 independent member states (as of 20213) each have its own unique economic challenges and strengths. In this article, we…

The GDP of the former Soviet Union countries has been a topic of interest for many economists, politicians, and individuals alike. The economic performance of these countries is seen as an indicator of their growth and development. In 2013, the GDP of the former Soviet Union countries was a mixed bag of growth and decline. This article will take…

Yesterday I took a brief overview of Moldova, and today I'm eager to dive into the neighboring country of Romania. Romania is a full-fledged member of the European Union since 2007, together with Bulgaria, and is considered one of the poorest countries in the EU in terms of wealth. With a population of 21.33 million people and a GDP of 169.4…

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 countries that invest significantly in their military apparatus.1. The World's Top 10 Richest Countries by Military Expenditures:United States: $682.…