Heat Map of Worldwide GDP (PPP) Per Capita 2008
Heat Map of Worldwide GDP (PPP) Per Capita 2008
Data source: 2008 CIA World Fact Book
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2007 GDP Nominal Per Capita World Map (IMF)
2007 GDP Nominal Per Capita World Map
Data source: International Monetary Fund
Current GDP, GNP of United States and other countries
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 »
What are the Causes of Economic Recession
What is an economic recession?
In a perspective as broad as nation wide, or macroeconomically, a recession is a slightly obvious decline in Gross Domestic Product (GDP, just think of it as the total wealth or wellness all people within a nation produce within a given year) compared to previous quaters, or in a business cycle. A decline is only regarded as a recession if it has lasted more than 2 quarters. Also, the decline should not be too apparent as to be an economic depression (approx. 10% drop of GDP) or even more devastating as to be a economic collapse.
