Below, using the IMF's International Financial Statistics Corrections depicts several measures of GDP and GDP/capita for Australia, Canada, France, the U.S. and the U.K. from 1959 to 2011.
First, nominal GDP/capita and the appropriate constant growth rate (compounded annually) in the legend next to each country's name. This is only mildly useful, given varying inflation rates but is interesting to view (click to enlarge). Note that the volatility of non-U.S. countries is noise added by exchange rates.
More useful is perhaps indexed real GDP with compound growth rates (click to enlarge):
Of course, population increases, so indexed real GDP/capita with compound growth rates might be better (click to enlarge).
Finally, real GDP/capita as a fraction of U.S. GDP per capita. The recent crisis, as well as Australia's dodge of the crisis via a natural-resource and Asia-driven boom (click to enlarge)
No comments:
Post a Comment