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Thursday, May 12, 2016

GDP GROWTH: WHICH COUNTRY ADDED OR LOST WHICH COUNTRY

One way to measure rate of economic growth is to equate annual addition to gross domestic product (GDP) with the entire GDP of another economy.

By this measure, India added a Hungary to its economy in 2015.

China added a Mexico, which is 10 times the size of Hungary.

For countries with falling GDP we measured the economies they `lost'--for example Japan lost a Sweden in 2015

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