chart planet
numbers become images
This time it’s Arab countries. That’s why they’re associated with oil, they’re dependent on it.
P.S. Region is coded in color and Arabs are orange.
What: Oil rent, % of GDP
When: 2016, except Libya (2011) and Venezuela (2014)
Where: World. Top 25.
Source: WB
Apparently it’s not an Arab country. It’s Venezuela which is still poor??? Maybe Arabs are not just lucky to have this oil, maybe they’re smart enough to use it for their advantage?
What: Crude oil including lease condensate, proved reserves, billion barrels
When: 2016, because data for 2017 is not full yet
Where: World. Top 20.
Source: EIA
The graph tells me that further analysis would be purposeless. For most countries, which entered EU in 2004 the fifth year in the union was the time of global crisis. Would have they been better without EU? Well, this is a topic for a deeper analysis.
What: The graph shows 3-year moving averages of annual GDP per capita growth, with value at year 0 (entering the EU) subtracted from all the data series for visual purposes. The “average” is a simple average of all growths without the topmost and downmost values.
When: Years are different for each country depending on its date of joining the European Union.
Where: Countries joined the EU in 2004 and later.
Source: ES
At the first year seemed that inflation was higher with euro, this was the case for 5 countries out of 7, but after 3 years have passed – only 3 out of 7 had bigger price increase with euro during the whole period. Seems that inflation rise due to euro was a temporary one-time effect which later leveled out for at least half of the countries. In short, I’d say that Euro does not cause inflation in a significant way.
What: Consumer price growth in one, two and three years before the adoption of euro subtracted from consumer price growth in one, two and three years after the adoption of euro. The number on the graph shows how much faster prices grew with Euro than without.
When: Years are different for each country depending on its date of joining the Eurozone.
Where: Countries which joined the Eurozone later, not with the initial group
Source: ES
Whenever inflation goes above the target level of 2%, ECB increases their refinancing rate. Same as FED.
What: Indicated on the graph.
When: 2000 January – 2018 August
Where: Eurozone
Source: ES, ECB
Whenever the inflation goes above the target level of 2%, FED increases their refinancing rate.
What: Indicated on the graph
When: 2000 January – 2018 June
Where: USA
Source: FRED and BEA
In Eastern Europe, they’ve risen a lot since 2000, but recently Asia and the Arab States are doing better.
What: mean real monthly earnings of employees, rebased index
When: 2000 – 2015 (well, data is old, but still gives an insight)
Where: World regions according to ILO
Source: ILO
No! At least in absolute terms compared to the year 2000.
What: World food price indices
When: 2000 January – 2018 September
Where: World
Source: FAO
Nope, they’re rising everywhere. However, the rising is slower than it used to be.
What: Consumer prices inflation
When: 1980-2017
Where: World
Source: WB
Those who already are rich plus Asia. By the way, I never heard anyone talking about “starving Asian children”, but South Asia was much poorer than Africa back then.
What: GDP per capita in USD
When: 1980 and 2017
Where: World regions according to WB
Source: WB
Of course it’s North America. But here what’s interesting – seems like South Asia is as poor as Africa (which is unexpected to me), but it’s growing much faster, 6% a year, whereas Sub-Saharan Africa – only 3%.
What: GDP per capita and GDP per capita growth.
When: 2017
Where: World regions according to WB
Source: WB
Seems like Asia’s economic power is growing and Europe’s is shrinking.
What: Shares in global GDP
When: 1980-2017
Where: World regions according to WB
Source: WB
