2013 GDP figures in million $ | |||||||
Trade | Nom. GDP | PPP GDP | Nom. GDP | PPP GDP | HDI | Population | |
per capita | per capita | ||||||
Brazil | 494,800 | 2,245,673 | 2,423,306 | 11,208 | 12,221 | 0.744 | 201,032,714 |
China | 3,801,000 | 9,240,270 | 13,395,396 | 6,807 | 9,844 | 0.719 | 1,339,724,852 |
EU | 4,567,000 | 17,350,853 | 16,260,640 | 34,072 | 32,152 | 0.876 | 501,259,840 |
India | 809,400 | 1,876,797 | 5,069,158 | 1,499 | 4,077 | 0.586 | 1,210,193,422 |
UK | 1,127,000 | 2,522,261 | 2,390,873 | 39,351 | 37,307 | 0.892 | 62,041,708 |
USA | 3,969,000 | 16,799,700 | 16,799,700 | 53,143 | 53,101 | 0.914 | 316,173,000 |
Note these are 2013 figures and the figures are for the whole of the EU. More importat is the GDP per capita which measures how wealthy people are is much higher in the US than the EU 53143 cf 34072 nominal.
NB these figures are for the EU as a whole including the buoyant UK. The Eurozone figures are much worse.
Figures for 2014 will increase the gap between the Eurozone US gap.The latest annual growth figures I can find are US 2.6%, Eurozone 0.3% so the Eurozone is shrinking compared to the US.
If one looks at the BRICs the gap with the Eurozone is also rapidly widening. Last annual growth rates: China 7.5%, India 4.7%, Brazil 2.5%, Russia 1.3%.
From a British exporters point of view it is far easier to export to the growing BRIC markets than the stagnant Eurozone. More important the Eurozone makes the same things as the UK so UK profit margins will be squeezed compared to BRIC markets where there is much less domestic competition.
The main thing holding back the UK economy is lack of demand in the Eurozone. Its like a millstone round our neck. Its an increasingly unbalanced trade with the Eurozone exporting to the UK but buying less from the UK. Thats one thing the LibDems keep quite about. Time to shine the spotlight on it for all to see.
Vote Farage in Thanet
Vote Farage in Thanet
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