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Title: Projected GDP figures look like an interesting find Post by: jackg on June 17, 2020, 05:39:19 PM I found this European Government chart on projected GDP figures and it seemed quite interesting: https://www.eea.europa.eu/data-and-maps/daviz/historic-and-projected-gdp-in#tab-chart_1
I think this is what we all expected but if anyone wanted one to look at, here it is... This chart is from 2015, it looks like they got the EEA right with a gdp of 15 trillion $, us is a bit higher than expected and china is lower. The EEA is expected to grow constantly from here, chian and India were also expected to exponentially increase in gdp... (I'm using figures on gdp from December quoted by Google because current figures will be impacted by the pandemic).. Title: Re: Projected GDP figures look like an interesting find Post by: mu_enrico on June 17, 2020, 06:37:29 PM Don't take long term projections too seriously mate because it's often inaccurate. I've done similar research in the past, using OECD data and internal government data, but the projections will be likely to off after several years. The assumptions and the use of linear regressions simply cannot capture the dynamics.
Anyways, my common sense also predicts China and India (and Indonesia) will contribute more to the world GDP, because of the population. Title: Re: Projected GDP figures look like an interesting find Post by: Upgrade00 on June 17, 2020, 07:14:23 PM I agree with @mu_enrico attempting to predict the average GDP growth of regions in the future is usually misleading after a long time and 2050 is a long time from now.
Their predictions could likely be based on expansion of factors such as population count (and average growth), technology and natural resources, but, it can also be affected by unforseen circumstances such as the current pandemic or the rising tensions between China and India. I woul like to see the prejections for Rwanda and Indonesia. Title: Re: Projected GDP figures look like an interesting find Post by: abhiseshakana on June 19, 2020, 06:35:02 AM In a country's GDP, there is another country's GNP. Often many countries are deceived by GDP projections. So it is not certain if the GDP projection of countries in Europe means that it will provide a long-term economic contribution to Europe because it could be that other countries' GNP figures are significantly sustaining the GDP of European countries.
GDP is all investments in a recorded country. Although it is in the form of foreign direct investment, GDP is recorded as growth even though larger foreign ownership does not belong to a country. Whereas GNP also records investment in overseas companies. GNP is often the focus of the leaders of major countries in the world such as China and America to develop the economy of the country they lead. For example, China is investing by buying companies in Pakistan. The value of investment and GNP rose on the Chinese side. While on the Pakistani side there is an increase in GDP but there is no increase in money-spinning, so there is development but there is no real growth. If not anticipated will cause economic inequality. |