Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Economic Growth in 2015 among the 16 major economies
India - 7.5%
China - 6.8%
Nigeria - 4.5%
Spain - 3.1%
Saudi Arabia - 2.8%
United States - 2.5%
Mexico - 2.4%
United Kingdom - 2.4%
South Africa - 2.0%
Germany - 1.6%
Canada - 1.5%
France - 1.2%
Japan - 0.8%
Italy - 0.7%
Brazil - -1.5%
Russia - -3.4%
I guess that is a forecast for 2015 by the IMF, OECD or an other organization. Previously I found those GDP growth figures very interesting, because I thought they were accurate. Now I think they are more or less irrelevant.
According to those GDP figures the U.S. economy shrinked by 2.8% in 2009. In Germany the economy shrinked by 5.6%. That's astonishing because the recession had severe effects in the U.S., but not so in Germany.
I think it's difficult to compare those figures from different countries. Maybe it's possible to compare those figures within the EU, because all countries within the EU should normally use the same statistical methods. But even there I wouldn't be surprised when it doesn't work properly. I find it especially hilarious to compare the growth rates in countries like China, India, Russia or Nigeria with the European or North American figures. Because I wouldn't trust figures from countries like China, India, Russia and so on.
It's always difficult to compare statistics from different countries. A good example is the obesity rate. In the U.S. those numbers are normally done through measurements by physicians. In most other countries they only depend on statements by interviewed persons. Or statistics of the living space of housings. The calculation of the living space in Germany for example is completely different from those in the U.S. Probably each country uses different methods for the calculation of living spaces.
Statements like "the obesity rate in the U.S. is 18 percentage points higher than in Germany" or "the living space in American dwellings is 28% higher than in German ones" are absurd.
Of course such statistics are nice, but one should always keep in mind, that those statistics are mostly extremely inaccurate or even give a completely perverted picture.
According to those GDP figures the U.S. economy shrinked by 2.8% in 2009. In Germany the economy shrinked by 5.6%. That's astonishing because the recession had severe effects in the U.S., but not so in Germany.
Actually, shrank. Or had shrunk. And the date of the publication is July 2015. The data for 2014 and earlier are actual, while those for 2015 and later are projected. Who could possibly have been confused by this?
I can guarantee you GDP has never "shrinked", although it has shrunk.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
