37 votes

Why did the Russian Federation never stress economic growth as China did?

"Went for GDP growth"? Of course they did, what they didn't do was getting it. Russia is a bit of an odd state in a way. Its people are educated and have a long tradition in science and ...
Italian Philosophers 4 Monica's user avatar
32 votes

Why doesn't democracy show its strengths in large developing countries like BRICS?

Changes in HDI and GDP usually take decades or generations. Notably, HDI includes mean years of school for the entire population. HDI also includes GDP, so any analysis which compares trends in both ...
o.m.'s user avatar
  • 109k
22 votes
Accepted

Why did the Russian Federation never stress economic growth as China did?

From 2001 to 2012 Russia had quite good GDP growth: Most of it came from the domestic market - you sell the same amount of oil but learn to make and sell more stuff inside the country, creating new ...
alamar's user avatar
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18 votes
Accepted

Does anyone gather data on countries by *median* GDP/capita?

Is it meaningful to talk about a median GDP/capita, or GDP/household for a country, and does anyone assemble such statistics? Simply put: no, it isn't meaningful. GDP is a property of the whole ...
Relaxed's user avatar
  • 31k
13 votes
Accepted

How did the UK race ahead of France in GDP

This is probably mostly an effect of exchange rates. First note that all figures are in US dollars whereas the UK uses pounds and France uses Euros. The IMF uses conversion rates in the years they are ...
quarague's user avatar
  • 8,552
12 votes

GDP per capita of areas formerly belonging to East Germany vs those of northern England

This is plausible if you look at German states compared to UK regions. If you look at smaller geographic areas it becomes trivially true due to bigger variance. First I consider nominal GDP per capita....
quarague's user avatar
  • 8,552
12 votes

Does anyone gather data on countries by *median* GDP/capita?

Anna Diofasi and Nancy Birdsall from the Center for Global Development have collated a dataset ranking countries based on their median daily income or consumption using the World Bank's PovcalNet ...
CDJB's user avatar
  • 106k
11 votes

Why doesn't democracy show its strengths in large developing countries like BRICS?

The important thing to note is that each country – and often even regions of a country – develops at different timescales due to their individual history, geographic situation and other factors. ...
Jan's user avatar
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11 votes

Why did the Russian Federation never stress economic growth as China did?

5 important factors are not discussed in the other answers: An aggravated, decades-long Dutch disease that no one cared to mitigate. Good for maintaining a dictatorship, bad for the economy as a ...
fraxinus's user avatar
  • 6,100
9 votes

Why did the Russian Federation never stress economic growth as China did?

This is somewhat of a frame challenge. In general, significantly increasing GDP is very difficult. Almost all countries try to do it almost all the time. Most succeed to a certain degree but the ...
quarague's user avatar
  • 8,552
8 votes

Why doesn't democracy show its strengths in large developing countries like BRICS?

Liberal democracy is essentially a political extension of laissez-faire capitalism, i.e., liberal economic system (see my more detailed post about their relation), putting the accent on individual ...
Roger V.'s user avatar
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7 votes

Have any countries managed to consistently reduce government expenses as a share of GDP?

The OECD data here seems to indicate Ireland as a fairly big reducer. It probably helps a bit that Ireland spends very little on defense, but defense spending is not very high in most Western ...
Italian Philosophers 4 Monica's user avatar
6 votes

Does anyone gather data on countries by *median* GDP/capita?

Calculating the gross domestic product on a personal level would be impractical and of little benefit. GDP is defined as: A monetary measure of the market value of all the final goods and services ...
Philipp's user avatar
  • 76.8k
5 votes

Trading on WTO Rules

The question as posed is probably none. Small highly trade dependent nations, such as oil rich Brunei, or Kuwait will be trading oil, and oil will provide a large amount of GDP. However WTO doesn't ...
James K's user avatar
  • 120k
5 votes
Accepted

Is there a country that doesn't use imputation, especially for rent, when calculating GDP?

I am wondering if every country does this, or there are countries that do no such imputations, because you could have one person buy 20 homes, and it would inflate the GDP significantly. It isn't ...
ohwilleke's user avatar
  • 79.7k
4 votes

Why doesn't democracy show its strengths in large developing countries like BRICS?

Tl;dr: Bad governance and structural violence prevent South Africa and India from prospering (more). Why are democracies not performing better then planned economies: After all, an economy of free ...
Peter - Reinstate Monica's user avatar
3 votes

Why did the Russian Federation never stress economic growth as China did?

I'm surprised no one seemingly yet mentioned that the GDP increase was a huuuuge talking point for Putin back in a day. After 2014, it has explicitly transformed into "replacing imports (with ...
Lodinn's user avatar
  • 141
2 votes

Did Saudi Arabia cut in half its oil & gas share of GDP from 2020 to 2022?

To partially answer my Q, GASTAT (the Saudi Statistics Agency) does have time series data for their GDP since 1970, and they've pretty much always reported on the same breakdown with crude and ...
the gods from engineering's user avatar
2 votes

Which countries have the same international importance, influence and power as Sweden?

Your question assumes that there is an overall measure of "importance." But importance varies from context to context. Sweden used to be a neutral country during the Cold War, neither part ...
o.m.'s user avatar
  • 109k
2 votes

Why doesn't democracy show its strengths in large developing countries like BRICS?

The forms of society that the richest parts of the world use have one thing in common; stability. Not stability in the sense of "the same people are in charge", but rather stability in that ...
Yakk's user avatar
  • 2,404
1 vote

Why doesn't democracy show its strengths in large developing countries like BRICS?

Looks like there is another version of HDI published by the UN, called IHDI, which is adjusted for inequality. It may be of interest. The IHDI can be interpreted as the level of human development ...
Pete W's user avatar
  • 3,875

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