Economic League Table April 19th

Day 154, 09:43 • Published in United Kingdom United Kingdom • by Kaleb

I'm writing this report a little but the data was compiled last Friday. I'll do another report this coming Friday. The Reformer's Chronicle will be going through a relaunch on May 2nd which I'll write more about in another article.

Again - a very strong set of figures across the board and more clear evidence of rising inflation. Most people have (quite understandably) been so focussed on the war module that by large people don't seem to realise that Erepublik's global economy is actually functioning better than ever!! That in spite of a few lingering bugs - not just around the war module.

I'm still desperately trying to find time to write more in depth articles about the global economy but real life doesn't seem to allow me the luxury at the moment!

Figures are for the top 20 in population as per the start of the month but I am not starting to track Hungary which actually has more population than Ireland.

%age change is from the report on April 1st.

POPULATION
1 Sweden 2509
2 Indonesia 1452
3 Italy 1012
4 Romania 904
5 Spain 895
6 Norway 880
7 Pakistan 770
8 Austria 740
9 UK 708
10 USA 658
11 Portugal 583
12 Iran 541
13 Turkey 457
14 Canada 357
15 Brazil 345
16 Netherlands 314
17 Venezuela 273
18 Argentina 259
19 France 258
20 Ireland 197

POPULATION CHANGE
1 Austria 196.0%
2 Italy 99.2%
3 Canada 54.5%
4 Romania 53.2%
5 Argentina 34.2%
6 Venezuela 30.6%
7 Iran 30.4%
8 Indonesia 24.5%
9 Netherlands 22.7%
10 Pakistan 14.9%
11 USA 11.1%
12 Ireland 10.1%
13 UK 7.8%
14 Turkey 7.5%
15 Spain 5.7%
16 Sweden -4.2%
17 Brazil -7.8%
18 France -11.0%
19 Portugal -12.9%
20 Norway -17.4%

Austria and Italy continue to boom. Canada's population has also risen sharply due to the influx of foreign fighters. Indonesia's population has also gone up largely due to a PR campaign on external forums to give people a chance to (virtually) give Australia a good bashing!

WORKFORCE
1 Sweden 1601
2 Indonesia 937
3 Italy 714
4 Norway 662
5 Romania 564
6 Pakistan 546
7 Spain 537
8 Austria 508
9 UK 461
10 Portugal 394
11 USA 359
12 Turkey 306
13 Iran 272
14 Brazil 205
15 Canada 201
16 Netherlands 196
17 Venezuela 194
18 Argentina 151
19 France 150
20 Ireland 120

WORKFORCE CHANGE
1 Austria 250.3%
2 Italy 165.4%
3 Romania 60.7%
4 Argentina 49.5%
5 Canada 48.9%
6 Venezuela 34.7%
7 Netherlands 27.3%
8 USA 23.4%
9 Indonesia 23.3%
10 Turkey 22.4%
11 UK 14.7%
12 Portugal 10.4%
13 Sweden 7.8%
14 Ireland 6.2%
15 Pakistan 3.8%
16 Spain 1.3%
17 Norway -1.6%
18 Brazil -3.8%
19 Iran -4.2%
20 France -12.3%

GDP
1 Sweden 12743.85
2 Indonesia 6334
3 Spain 4663.4
4 Norway 4340.8
5 UK 3817.94
6 Italy 3394.32
7 Pakistan 2991.44
8 Romania 2868.75
9 USA 2328.55
10 Portugal 2305.82
11 Iran 2299.4
12 Austria 2089.35
13 Turkey 2075.85
14 France 1552.13
15 Brazil 1341.79
16 Canada 1201.93
17 Netherlands 1076.8
18 Venezuela 1020.67
19 Ireland 671
20 Argentina 647.64

Sweden still dominates the GDP figures but whereas it used to have an economy bigger than the next 3 nearest competitors this is no longer the case! Indonesia is starting to establish itself as the clear number 2 economic power, replacing Spain that had previously held this position over several weeks.

Italy also shows it is not just able to pull people in but can also flex some real economic muscle.

GDP GROWTH
1 Austria 552.7%
2 Italy 182.3%
3 Indonesia 115.9%
4 Romania 79.2%
5 Turkey 76.2%
6 Venezuela 74.3%
7 Canada 72.7%
8 Iran 62.5%
9 Netherlands 47.4%
10 Sweden 39.3%
11 Brazil 38.8%
12 USA 31.5%
13 UK 30.4%
14 Spain 28.4%
15 Norway 21.7%
16 Pakistan 20.7%
17 Ireland 20.0%
18 France 16.9%
19 Portugal 12.9%
20 Argentina 8.3%

For the first time ever, all countries in the ELT show positive economic growth! Austria and Italy come top due mostly to their surging popluation. The big winners among the established economic powers though are Indonesia and Romania.

Indonesia is an interesting case and I was wondering why their economy is suddenly doing so well... For many months Indonesia's economy had been underforming, in my view largely due to an overemphasis on food production. The oversupply in the global economy meant that food prices we very low compared to other products. With the dramatic turnaround in the global economy from a situation of overproduction to underproduction food is suddenly in short supply in many countries and Indonesian exporters have had a chance to make big bucks!

RER
1 Ireland 6.25
2 Brazil 11.77
3 Spain 13.54
4 Sweden 14.24
5 Iran 15.01
6 UK 20.52
7 Norway 21.05
8 Netherlands 24.47
9 France 27.25
10 Canada 28.21
11 Romania 28.52
12 Indonesia 31.6
13 Turkey 32.22
14 USA 37.81
15 Pakistan 40.99
16 Venezuela 45.66
17 Argentina 47
18 Italy 51.43
19 Portugal 76.2
20 Austria 98.98

Ireland maintains the lowest prices in Erepublik with Portugal and Austria at the other end. Gold is currently selling at a rate of 1 to several hundred PTE which begs the question: is PTE Erepublik's equivalent to the Zimbwean dollar?

RER CHANGE (Inflation/Deflation)
1 USA 74.0%
2 Romania 32.1%
3 Argentina 25.7%
4 Spain 24.9%
5 Austria 24.6%
6 Portugal 22.1%
7 Italy 18.9%
8 Sweden 17.4%
9 Norway 15.4%
10 UK 12.3%
11 Venezuela 10.9%
12 Canada 10.2%
13 Turkey 7.6%
14 Pakistan 1.5%
15 Indonesia -8.9%
16 Netherlands -11.1%
17 France -13.6%
18 Ireland -27.3%
19 Iran -30.3%
20 Brazil -50.7%

If you ever needed proof that we are currently seeing serious global inflation here it is! Never before have prices been increasing so fast. Governments will now need to be very careful with taxation levels and devaluing their currency (a favourite tactic in several countries it seems...). Whilst inflation is harmful it is certainly a much better problem to have to deal with than the serious deflation most economies had been facing in previous months.

GDP/Capita
1 France 6.02
2 UK 5.39
3 Spain 5.21
4 Sweden 5.08
5 Norway 4.93
6 Turkey 4.54
7 Indonesia 4.36
8 Iran 4.25
9 Portugal 3.96
10 Brazil 3.89
11 Pakistan 3.88
12 Venezuela 3.74
13 USA 3.54
14 Netherlands 3.43
15 Ireland 3.41
16 Canada 3.37
17 Italy 3.35
18 Romania 3.17
19 Austria 2.82
20 Argentina 2.5

France pips UK to the top spot this time, but mainly due to a recent decrease in population. Indonesia, once embarassingly at the bottom of the list, is now a respectable 7th.

GDP/Capita Change
1 Austria 120.5%
2 Indonesia 73.4%
3 Turkey 63.9%
4 Brazil 50.5%
5 Norway 47.2%
6 Sweden 45.4%
7 Italy 41.7%
8 Venezuela 33.5%
9 France 31.3%
10 Portugal 29.6%
11 Iran 24.6%
12 Spain 21.5%
13 UK 21.0%
14 Netherlands 20.1%
15 USA 18.3%
16 Romania 17.0%
17 Canada 11.8%
18 Ireland 9.1%
19 Pakistan 5.0%
20 Argentina -19.3%

Here there is clear proof that Turkey's economy is actually performing rather well. If they carry on at this rate they may well get themselves into the top 5 in terms of economic output per person. France, Spain and UK, traditionally the top in terms of GDP/Capita are being outstripped in terms of growth by their big economic rivals, will Sweden be able to regain the top spot it hasn't had for a long while?

GDP/Worker
1 France 10.35
2 Spain 8.68
3 Iran 8.45
4 UK 8.28
5 Sweden 7.96
6 Turkey 6.78
7 Indonesia 6.76
8 Norway 6.56
9 Brazil 6.55
10 USA 6.49
11 Canada 5.98
12 Portugal 5.85
13 Ireland 5.59
14 Netherlands 5.49
15 Pakistan 5.48
16 Venezuela 5.26
17 Romania 5.09
18 Italy 4.75
19 Argentina 4.29
20 Austria 4.11

When you take out the inactive citizens from the picture Iran's economic output actually looks pretty good, coming in a proud 3rd after France and Spain. Expect to see Italy and Austria rise from the bottom as their workforce gains in skill and productivity. And will Romania manage to turn it's recent boost in population in productive workers?