Economic League Table Feb 29th
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by Kaleb
Now that the GDP and RER stats are fixed I can get back to my weekly Economic League table! I plan to do an update every Friday.
I will be tracking the top 20 from now on but I'll only show the top 12 (by population) in my table. One reason I am limiting it to the top 12 is that the larger the population the less likely there will be really odd jumps in the stats. e.g both Franch and the Netherlands have had big changes in their stats mainly due to population changes that wouldn't have had the same dramatic effect in a bigger population country.
Starting next week I will also put the weekly percentage changes and position changes in each table.
POPULATION
1 Sweden 3035
2 Norway 1342
3 Indonesia 1269
4 Spain 982
5 Portugal 728
6 USA 670
7 Pakistan 629
8 UK 604
9 Iran 545
10 Romania 543
11 Brazil 451
12 Turkey 430
WORKFORCE
1 Sweden 1455
2 Indonesia 804
3 Norway 791
4 Spain 547
5 Pakistan 416
6 Iran 415
7 Portugal 396
8 UK 329
9 USA 309
10 Romania 308
11 Turkey 261
12 Brazil 163
UNEMPLOYMENT
1 Iran 23.90%
2 Pakistan 33.86%
3 Indonesia 36.62%
4 Turkey 39.21%
5 Norway 41.08%
6 Romania 43.28%
7 Spain 44.34%
8 UK 45.61%
9 Portugal 45.67%
10 Sweden 52.06%
11 USA 53.88%
12 Brazil 63.86%
RER
1 Sweden 10.32
2 Spain 13.2
3 Indonesia 13.59
4 UK 16.03
5 Norway 23.65
6 Romania 34.21
7 Iran 34.68
8 USA 36.38
9 Portugal 36.4
10 Pakistan 47.23
11 Turkey 51.23
12 Brazil 54.51
GDP
1 Sweden 10725.31
2 Norway 4249.03
3 Indonesia 4042.5
4 Spain 4025.14
5 Portugal 2737.79
6 UK 2407.31
7 Pakistan 1871.58
8 Romania 1828.5
9 Turkey 1527.07
10 Brazil 1443.2
11 Iran 1336.41
12 USA 1299.26
GDP/Capita
1 Spain 4.1
2 UK 3.99
3 Portugal 3.76
4 Turkey 3.55
5 Sweden 3.53
6 Romania 3.37
7 Brazil 3.2
8 Indonesia 3.19
9 Norway 3.17
10 Pakistan 2.98
11 Iran 2.45
12 USA 1.94
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And GDP/Worker
1 Sweden 7.37
2 Spain 7.36
3 UK 7.33
4 Portugal 6.92
5 Norway 5.37
6 Indonesia 5.03
Interesting how close the top 3 all are
Great job. Very appreciated 😁
The UK\'s unemployment rate is shocking. We need some companies to stay level 1 and hire new citizens. (Only the people that arn\'t dead)
Most of those unemployed ppl are inactive. But what we should do is ask everyone to advertise in every article they write to let ppl join the forum. There there are job treads where ppl can find work.
It would be interesting to know the employment stats for all active citizens. In Belfast 7 are employed out of 8 active citizens. (One just moved here from Belgium and is currently looking for a job).
I think quite a few of the unemployed are inactive as the NHS has at least 5 job invites out there possibly even 10, I have started to work on the assumption only 1/3 people will respond.
@brodie - you\'ll notice that the unemployment rate doesn\'t bear any relation to GDP/capita or GDP/worker. most of the big economies have a very similar unemployment rate. but you\'re right, we still need to do something about it!
Hey Kaleb, keep up the good work!
Again, I\'ve done the translation to pt-BR, you can view it here: http://www.erepublik.com/article-110572.html
We win!! Nice article Kaleb as usual.
It\'s always fun to look at the various numbers this game has. It\'s also nice to have this easy list, too. Good work.
Asia win the 4 first employment rate. Great
@sem: yeah! Asia does have the top 4 employment rates!
@Carradine: it\'s interesting how close the GDP/worker stats are between Spain, Sweden and the UK. we all have medium tariffs, strong exports and an active currency exchange. goes to show that free markets actually perform the best! the countries that are the worst are the ones who have tried to organise their labour or block out foreign trade.
The GDP is expressed in Gold on eRepublik stats, but in my opinion I think they are on the local currency. Please, correct me if I am wrong.
\" @sem: yeah! Asia does have the top 4 employment rates! \"
Hmm is Turkey considered in Asia or Europa ?
@Chris - GDP is expressed Gold. The gold figure is worked out by adjusting all LCs according to PPPs. this works very well for domestic economies but is not quite as good at calculating the wealth gain from exports. That would be better calculated according to AER (Average Exchange Rates) but that\'s too difficult to calculate. But the PPP system is pretty good in my opinion.
GDP comparisons in real life have the same problems. Do you compare currencies by the rate they trade against each other or buy what you can actually buy with that currency in the local economy?