Raw data can be hard to make use of unless it can be arranged into something more organized. Data analysis is a way to take this information and turn it into something that is far more useful. By working the data correctly it is possible to get the most value from it. There is also a dark side to data analysis though. In the hands of an expert it is possible to use the raw data to support almost any agenda. For this reason it is always important to think critically when dealing with this type of statistics. This involves understanding a bit about how such analysis is conducted and how it can be manipulated.
Economic statistics is not only a subject of relevance to those in an academic setting but practically anyone who hopes to understand how economies function. There have been some great books written on this subject in recent years. Some of these texts are aimed at the complete novice while others would benefit the more advanced economy watcher. Here are just five of the best economic statistics books reviewed.
Heat Map of Worldwide GDP Real Growth Rate 2007
Data source: 2007 CIA World Fact Book
Heat Map of Worldwide GDP (PPP) Per Capita 2008
Data source: 2008 CIA World Fact Book
As of the most up to date data from authoritative sources such as International Monetary Fund, World Bank and CIA World Fact Book, below is the worldwide nations ranked by GDP. United States is ranked second immediately after EU with a GDP of more than 13,000 billions in 2007. Read the rest of this entry »