Anyone who thinks that the American economy is doing well, needs to review it in light of other countries in the world. As of the January 1, 2012, the US is number 166 of 216. That is the bottom 25%. Is that where we want to be? Should we be proud of our Administration or is it time for a change? We believe the latter.

Conservative Tom

Country Comparison > GDP - real growth rate

Rank	Country	GDP - real growth rate (%)
1	Qatar	18.8
2	Mongolia	17.3
3	Turkmenistan	14.7
4	Ghana	13.6
5	East Timor	10.6
6	Panama	10.6
7	Iraq	9.9
8	Solomon Islands	9.3
9	Zimbabwe	9.3
10	China	9.2
11	Argentina	8.9
12	Papua New Guinea	8.9
13	Rwanda	8.8
14	Eritrea	8.7
15	Turkey	8.5
16	Uzbekistan	8.3
17	Laos	8.3
18	Kuwait	8.2
19	Sri Lanka	8.2
20	Ecuador	7.8
21	Estonia	7.6
22	Ethiopia	7.5
23	Kazakhstan	7.5
24	Maldives	7.4
25	Tajikistan	7.4
26	Nigeria	7.2
27	India	7.2
28	Mozambique	7.1
29	Equatorial Guinea	7.1
30	Georgia	7
31	West Bank	7
32	Peru	6.9
33	Congo, Democratic Republic of the	6.9
34	Saudi Arabia	6.8
35	Tanzania	6.7
36	Uganda	6.7
37	Zambia	6.6
38	Indonesia	6.5
39	Moldova	6.4
40	Liberia	6.4
41	Niue	6.2
42	Cambodia	6.1
43	Bangladesh	6.1
44	Gibraltar	6
45	Lithuania	5.9
46	Bhutan	5.9
47	Chile	5.9
48	Colombia	5.9
49	Vietnam	5.9
50	Gabon	5.8
51	Kyrgyzstan	5.7
52	Afghanistan	5.7
53	Uruguay	5.7
54	Burkina Faso	5.6
55	Haiti	5.6
56	Latvia	5.5
57	Oman	5.5
58	Malawi	5.5
59	Burma	5.5
60	Palau	5.5
61	Guinea-Bissau	5.3
62	Sierra Leone	5.3
63	Belarus	5.3
64	Isle of Man	5.2
65	Ukraine	5.2
66	Malaysia	5.1
67	Bolivia	5.1
68	Cape Verde	5
69	Kosovo	5
70	Kenya	5
71	Hong Kong	5
72	United Arab Emirates	4.9
73	Turks and Caicos Islands	4.9
74	Sao Tome and Principe	4.9
75	Singapore	4.9
76	Seychelles	4.9
77	Nicaragua	4.7
78	Israel	4.7
79	Botswana	4.6
80	Bermuda	4.6
81	Congo, Republic of the	4.5
82	Djibouti	4.5
83	Dominican Republic	4.5
84	Suriname	4.5
85	Poland	4.4
86	Armenia	4.4
87	Morocco	4.3
88	Russia	4.3
89	Venezuela	4.2
90	Lesotho	4.2
91	Guyana	4.2
92	Burundi	4.2
93	Costa Rica	4.2
94	Cameroon	4.1
95	Mauritius	4.1
96	Togo	4.1
97	Taiwan	4
98	Sweden	4
99	Mexico	4
100	Korea, North	4
101	Guatemala	3.8
102	Paraguay	3.8
103	Philippines	3.7
104	Namibia	3.6
105	Guinea	3.6
106	Honduras	3.6
107	Korea, South	3.6
108	Mauritania	3.6
109	Montserrat	3.5
110	Curacao	3.5
111	Nepal	3.5
112	Angola	3.4
113	Slovakia	3.3
114	Vanuatu	3.3
115	Gambia, The	3.3
116	Germany	3.1
117	Iceland	3.1
118	Austria	3.1
119	Benin	3.1
120	Central African Republic	3.1
121	South Africa	3.1
122	American Samoa	3
123	Guernsey	3
124	Greenland	3
125	Macedonia	3
126	Finland	2.9
127	Faroe Islands	2.9
128	French Polynesia	2.7
129	Brazil	2.7
130	Mali	2.7
131	Senegal	2.6
132	Somalia	2.6
133	Romania	2.5
134	Monaco	2.5
135	Montenegro	2.5
136	Libya	2.5
137	Jordan	2.5
138	Canada	2.5
139	Belize	2.5
140	Algeria	2.5
141	Aruba	2.4
142	Pakistan	2.4
143	Niger	2.3
144	Comoros	2.2
145	Malta	2.1
146	Samoa	2.1
147	Virgin Islands	2
148	Iran	2
149	Fiji	2
150	Australia	2
151	Albania	2
152	Bahamas, The	2
153	Belgium	1.9
154	Brunei	1.9
155	Switzerland	1.9
156	Serbia	1.8
157	Egypt	1.8
158	Bahrain	1.8
159	Kiribati	1.8
160	Hungary	1.7
161	Bosnia and Herzegovina	1.7
162	Bulgaria	1.7
163	France	1.7
164	Czech Republic	1.7
165	Norway	1.7
166	United States	1.7
167	Sint Maarten	1.6
168	Chad	1.6
169	Cuba	1.5
170	Jamaica	1.5
171	Lebanon	1.5
172	Tonga	1.5
173	New Zealand	1.4
174	El Salvador	1.4
175	Netherlands	1.3
176	Denmark	1.1
177	Cayman Islands	1.1
178	Grenada	1.1
179	Luxembourg	1
180	Macau	1
181	Cocos (Keeling) Islands	1
182	San Marino	0.8
183	United Kingdom	0.7
184	Spain	0.7
185	Ireland	0.7
186	Dominica	0.5
187	Barbados	0.5
188	Madagascar	0.5
189	Italy	0.4
190	Tuvalu	0.4
191	Swaziland	0.3
192	Micronesia, Federated States of	0.3
193	Saint Lucia	0.2
194	Thailand	0.1
195	Cook Islands	0.1
196	Azerbaijan	0.1
197	Croatia	0
198	Slovenia	-0.2
199	Marshall Islands	-0.3
200	Saint Vincent and the Grenadines	-0.4
201	Liechtenstein	-0.5
202	Antigua and Barbuda	-0.5
203	British Virgin Islands	-0.6
204	Japan	-0.7
205	Tunisia	-0.8
206	Trinidad and Tobago	-1.3
207	Portugal	-1.5
208	Andorra	-1.8
209	Saint Kitts and Nevis	-2
210	Syria	-2
211	Sudan	-3.9
212	Cote d'Ivoire	-4.7
213	Puerto Rico	-5.8
214	Greece	-6.9
215	Anguilla	-8.5
216	Yemen	-10.5

Definition: This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012

1 comment:

AnonymousOctober 5, 2012 at 12:07 AM
As usual (sigh), Wall Street gets a free pass for the largest recession since the Great Depression. They CAUSED it long before the current Administration took office. Did you read my post on GDP growth 1932-36 with Roosevelt's infrastructure spending. The Recovery Act was a small step in that direction, but not large enough to sustain much growth beyond 2010.

The jobs bill which Congress refused to pass would have, according to economists, created around 1 million new jobs. It does not matter who is president of the United States if Congress does not pass the necessary legislation to pull us out of the recession. As Krugman says in his new book ("End this Depression Now"), we need a New Deal Keynesian approach. I highly recommend the book.

--David
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Country Comparison > GDP - real growth rate

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