This post compares 2020 GDP, 2020 Unemployment and the 2020 Budget, of the United States (red bars), to the rest of the world. Again, we like to think we are Number One; The Economist Magazine of 16 January 2020, the source of our data, may beg to differ:
The US 2020 GDP growth ranked 13th of 44 countries followed by The Economist. Oddly enough this was the same rank posted by the Wall St. Journal for stock market performance. Note Egypt GDP bested Taiwan in 2020!
US unemployment ranked 23 out of the 43 countries posted by The Economist. Thailand, Japan and the Czech Republic had the lowest unemployment rates in the world.
US ranked near the bottom, 37th of 39 countries for our budget deficit, roughly 15% of GDP! Only Brazil (not labeled) and South Africa did worse. Who would figure India would have such a large surplus? Or, the UK would post a balanced budget?
Note that all countries have different economics, politics, policies and history. If nothing else, these results can temper politician claims of superiority.
*The number of countries ranked in The Economist tables vary by category.
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Disclaimer: Posts are for education only and not investment advice, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors.
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