inflation transformation interactive game

Gross domestic product (GDP) World Bank, international-$ at 2017 prices.

GDP per capita from the World Bank vs.

GDP per capita World Bank, constant US$.GDP Maddison 2020 world regions stacked area.CO₂ emissions per capita vs GDP per capita.Access to a financial account or services.World GDP over the last two millennia OWID based on World Bank and Maddison.Gross domestic product (GDP) Penn World Table, international-$ at 2017 prices.GDP per capita Penn World Table, international-$ at 2017 prices.GDP per capita Maddison Project Database, international-$ at 2011 prices.GDP per capita World Bank, international-$ at 2017 prices.In this entry we will also look at this more recent time and will also study the inequality between different regions – both in respect to the unequal levels of prosperity today and the unequal economic starting points for leaving the poverty of the pre-growth past. Comparisons over time and across borders are complicated by price, quality and currency differences, as explained below.įrom the long-term perspective of social history, we know that economic prosperity and lasting economic growth is a very recent achievement for humanity. More precisely, it is the monetary value of all final goods and services produced within a country or region in a specific time period. The Gross Domestic Product (GDP) of an economy is a measure of total production.

Income measures are merely one way to understand the economic inequality between countries and the changing prosperity over time. Growth is often measured as an increase in household income or inflation-adjusted GDP, but it is important to keep in mind that this is not the definition of it – just like life expectancy is a measure of population health, but certainly not the definition of population health. While the definition of economic growth is straightforward, it is extremely difficult to measure it. Economic growth describes an increase in the quantity and quality of the economic goods and services that a society produces and consumes.

Inflation transformation interactive game