Monday, October 10, 2011

Vol. Teacher XIV - IMF figures for 2010

   Carrying with economic news about Latin America, here there are some data from the last year. The data are from IMF. The Latin America champion of growth was: 1ª) Paraguay - 15.3% ,    2ª) Argentina - 9.2%      3ª) Peru - 8.8%  ,       4ª) Uruguay - 8.5%  ,         5ª) Brazil - 7.5%  ,         6ª) Panama - 7.5% ,              7ª) Chile - 5.3%.
      By the way, Paraguay was second highest GDP growth in the world, only losing  to   Quatar  - 16.3%    and   3ª place was Singapore  14.5%,          4ª) Taiwan - 10.8% ,       5ª) India - 10.4% ,                          6ª) China - 10.3%.   These were the world champions.

    In Europe, some of the good growth were: Sweden - 5.5% ,     Russia - 4.0% ,        Germany - 3.5%  ,  others importants countries had a low growth, like:  USA - 2.8% ,     Italy - 1.3% ,      U.K. - 1.3%    and Japan - 3.9%.

    The IMF figures of consumer prices to last year were the following from the lowest to highest.
         1ª) Peru - 1.5% ,        2ª) Chile - 1.5% ,        3ª) Colombia - 2.3% ,        4ª) Bolivia - 2.5% ,           5ª) Ecuador - 3.6%       6ª) Paraguay - 4.7% ,       7ª) Brazil - 5.0% ,        8ª) Uruguay - 6.7% ,              9ª) Argentina - 10.5% , Venezuela - 28.2%

     The IMF figures of unemployment in 2010, were:
Lowest unemployment in Europe:    1ª) Norway - 3.6% ,        2ª) Switzerland - 3.6% ,       3ª) Austria - 4.4% ,     5ª) Netherlands - 4.5%.
                  Highest unemployment in Europe were:        1ª) Spain - 20.1% ,            2ª) Serbia - 19.4% ,           3ª) Latvia - 19.0%.
                 In Latin America, the unemployment figures in 2010, were:
Lowest:   Mexico - 5.4%,        Paraguay - 6.1%,        Brazil - 6.7%,           Uruguay - 7.0%
Highest:  Colombia - 11.8%,        Venezuela - 8.6%,         Chile 8.3%.

     These unemployment figures in Latin America is not very accurate in order to compare in global scale, because in L.A. the most of the countries use a metodoly of research different from developed countries.
     An increase of GDP of a country greater than population growth is generally taken as an increase in the standard of living of its population. A growth rate of  2.5% per year will lead to a doubling of GDP within 29 years, whilst a growth rate of  8% per year ( experienced by some Asin tigers) will lead to a doubling of GDP within 10 years. Growth is an avenue through which better living standards and lower rates of poverty can be achieved, growth stimulates higher employment.                                From wikipedia