Vietnam and Comparisons

GDP, Stock Markets, and Income

Source:

http://en.wikipedia.org/wiki/World_Economic_Outlook

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

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This is a weekend without any test and project, so I spend some enjoyable-lazy time to play around with numbers and make a graph. I always love graphing because it’s simply worth more than thousand words.

Most of stock markets outperformed GDP or nation’s incomes. So, in my opinion, this finance crisis will lead to more troubles and longer recovery of economies.

Yet, it’s not in a case of Vietnam.

GDP per capita – the world is a better place

Source: http://www.economist.com/finance/displaystory.cfm?story_id=10852462

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Grossly distorted picture

If you look at GDP per head, the world is a different—and, by and large, a better—place

Using growth in GDP per head rather than crude GDP growth reveals a strikingly different picture of other countries’ economic health…

Focusing on GDP per person also affects comparisons of economic health over time. During the past five years, world GDP has grown by an average of 4.5% a year, its fastest for more than three decades, though not as fast as during the golden age of the 1960s when annual growth exceeded 5%. But the world’s population is now growing at half of its pace in the 1960s, and so world income per head has increased by more over the past five years than during any other period on record (see right-hand chart above). Mankind has never had it so good…

GDP per capita: Gap between two worlds – 50 years later?

http://www.visualizingeconomics.com/category/region/asia/

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by Catherine

January 27, 2008

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Comparing the GDP per Capita of the United States with Japan, India, China, and Indonesia over the last 500 years. (GDP per Capita for each country is in 1990 international Geary-Khamis dollars, calculated from purchasing power parities (PPPs) of currencies and average prices of commodities.)