GDP Per Person

The Age of BRIC Nation has arrived The chart suggest the change in GDP per person in last decade. BRIC nation have shown commendable growth in GDP person ( also consider the population of these countries )

Source - The Economist

GDP and Recession

An interesting data, Whenever real GDP growth of US falls less 2 %. It is followed by a recession.
Amercian GDP growth is very much near that pivotal 2 % mark. if GDP shrinks any further, a deep slowdown may be in offing

World Economic Outlook-IMF

The two-speed recovery continues. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the euro area periphery are contributing to downside risks. In many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows. Most developing countries, particularly in sub-Saharan Africa, are also growing strongly

Energy Use Per Unit GDP

"Energy intensity is converging across the world

THE energy required to produce a unit of GDP is falling in most countries around the world. As countries industrialise, energy-intensive businesses make up a bigger share of the economy. Peaks generally correlate to the high point of heavy industry, before lighter industry and higher value-added businesses (such as services) begin to replace old-fashioned smokestack manufacturers. This often coincides with gains in energy efficiency, too. According to BP’s "Energy Outlook 2030", published on January 19th, globalisation will lead to a similar level of "energy intensity" across the globe by 2030, despite wild divergence in the past, as energy is traded freely and consumption trends and technologies spread."

The Economist

The Growth Machines

The GDP growth rate of african countries continues to impress. I think the 2 reason which will continue to be in africa is 1) Natural resources and 2) Population

"MUCH has been written about the rise of the BRICs and Asia’s impressive economic performance. But an analysis by The Economist finds that over the ten years to 2010, six of the world’s ten fastest-growing economies were in sub-Saharan Africa. On IMF forecasts Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10m as well as Iraq and Afghanistan, which could both rebound strongly in the years ahead). Over the past decade the simple unweighted average of countries’ growth rates was virtually identical in Africa and Asia. Over the next five years Africa is likely to take the lead. In other words, the average African economy will outpace its Asian counterpart."

Says The Economist