[Special Edition] European Economy Snapshot

Day 1,352, 07:23 • Published in Ireland USA • by Stranger Here Myself

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This current Special Edition gives you an in-depth analysis of Western and Central European business environment, introducing our very own indicators for the purpose: the HitBig Index and the ThinkBig index.

ThinkBig Index & HitBig Index Rankings:


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These indices are calculated on various figures collected and organized by C&S's FX Watch and Market Watch services, recorded in the past three days and averaged where necessary. Note that The European Economy Snapshot only gives you a general (through hopefully representative) glance on the economic health of the countries listed. It is not directly reflecting the given country's military power, total national output or structural characteristics (although the financial and economic data used are indirectly related to these factors), merely gives you a general idea about what opportunities individual citizens (employees and employers) have in the given country - compared to others.



The HitBig index is inspired by The Economist's Big Mac Index, a semi-humourous illustration of purchasing power parity, the amount of time that an average worker in a given country must work to earn enough to buy a Big Mac.

Our HitBig Index is somehow different though. It actually shows how many 'Big Hits' a worker taking the top wage offer in a given country could afford. 'Big Hit' means here five hits with a Q5 weapon plus five units of Q5 food to cover the wellness loss.

Thus, the HitBig index of a given country is a calculated indicator based on top Job Market offers and top quality commodities. Note that actual wages may differ.

Let's see how workers in various European countries are doing:


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The other indicator, the ThinkBig Index is a more complex one. While the HitBig index merely reflects the relation of wages offered to a fixed basket of consumer goods, the ThinkBig Index intends to give a more general picture of the economic health of the given country. It is a value calculated from averaged and weighted data and indicators derived from them, like the purchasing power parity of wages, estimated company profitability and value added by work clicks, as well as production efficiency, currency rates and market liquidity.

In general, the ThinkBig Index intends to reflect the general business environment for both entrepreneurs and the average citizen - practically that how easy it is to earn a coin or two in different countries.

Let's see then the ThinkBig index rankings:


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There are really no big surprises here, the most powerful ONE countries are heading both lists: Poland, Sweden and Hungary, invading large chunks of Europe, are profiting well from all the extra resources they hold, Spain is still doing good with the regions taken from the US.

The UK firmly holds Ireland under her rule (interestingly enough their completely wiped victim is also doing well on both list - mainly as a result of her high, however well-proportioned wages/prices/potential-profits ratio). Belgium and Portugal closely follow her, though it is worth mentioning that the former had serious job market deviations in the past three days, while the latter had experienced some apparent raw material market shortages.



In the middle fully or partially conquered smaller-sized European countries are battling the storm, France, the Netherlands and Norway showing signs of stable mediocrity, while the Czech Republik and Denmark struggling with the lack of adequate employment opportunities.

Finally, Italy, Germany, Austria and Slovakia are definitely not the places to go in the hope of some extra profits. Their low profit outlooks are aggravated by relatively high prices and/or overtaxed incomes and sales/consumption.



Certain rule changes were implemented (or seeing the recent shut-downs rather are being implemented) today. Launching Resistance Wars will now require 10 players with a citizenship in the resisting country, contributing 1000 CC each - and all receiving an RW medal if the battle is won.

Read more here.

UPDATE: Apparently admins understood they would dump Gold (that they want to sell so desperately) on markets, so here are the brand new modifications:

"If the original owner country reconquers the region, the citizens that voted and financed the resistance war will receive the 1000 local currency back."

UPDATE #2: No, they didn't. This is what Seanan got (published in the comments of this):

"Posted On: 03 Aug 2011 7:54 PM
Hello citizen,

If we win a Resistance War do each person who put forward 1k local currency get 5 gold each or get the local currency back?
Yes, all of you receive 5 Gold and 1000 local currency.

If we lose a Resistance War what happens to the local currency? is it lost or returned aswell?
If you lose the RW you will lose the local currency aswell.

Regards,
Your eRepublik team"



Eire Aonair


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