Global Economy 7-20-24

This post concludes my reports on the economies and problems in countries I since April 2024 to July 2024. 

There are many lessons to learn and use to understand how problems experienced by the countries on the Globe can be rectified. There are similarities in the developed countries like overspending on unnecessary things. Underdeveloped countries continue to battle destabilization due to political factions, Terror Groups, Drug Cartels and overspending. Printing money and causing inflation is a mistake all countries make. The economic collapse that follows hyperinflation can be seen in Venezuela and Zimbabwe. Failed countries like Somalia and Haiti that cannot be stabilized suggests breaking them up to be absorbed by neighboring countries. Neighboring countries have a vested interest in fixing the Failed countries on their borders to avoid disruptive refugee migration and being infected by the Terror Groups and Drug Cartels.

The scorecards for these countries include the economic data and the reasons for their destabilization.

Nominal GDP and Population by Continent:

Continent     Nominal GDP      Population

US                  $26.95T         339,996,563

Europe           $19.95T         741,760,503

China             $17.70T      1.409,670,000

Rest of Asia   $15.50T      2.455,920,877

Middle East    $5.10T          489,689,549

S America      $4.01T          442,466,432

Africa             $3.145T     1.488,799,225

Total             $72.405T

My Global Total tabulated above includes data from 2022. It is also missing countries in South America where recent data was not available on google. Data from 2023 was hard to find, but the data I included in the countries was close enough for horseshoes and grenades.

The Global Population is reported to be 8,045,311,447

https://www.google.com/search?q=global+population+2023&sca_esv=ce03073efbde2536&ei=kc6XZo

Global Nominal GDP is reported as

2023 $105.44T  

2022 $101.23T

2021 $97.53T

2020 $85.58T

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD

The poorest continents in GDP are Africa, South America and the Middle East. The highest populations are in China, the Rest of Asia and Africa.

Global Inflation has been caused by Biden’s war on energy, fueled by the Climate Change Hoax. Restricting the production of US oil and natural gas accounts for most global inflation. Oil is needed to make gasoline used to ship goods and natural gas is used to make nitrogen for crops.

Inflation is highest in the following countries.

Country      %Inflation   Continent

Zimbabwe     284.94      Africa

Venezuela    210.00      S America

Cuba           166.75       S America

Sudan         154.91       Africa

Ethiopia      102.00       Africa

Turkey         73.13        Middle East

Argentina    72.37        S America

Sri Lanka    48.19        Asia

Suriname   47.56        S America

Yemen       43.85        Middle East

Iran            39.99        Middle East

Inflation is highest on 4 continents.

4 in S America, 3 in Africa, 3 in the Middle East, I in Asia.

There are 1490 hydroelectric plants in the US, 87 in Africa,

Currently, 12% of the energy output in the region comes from hydroelectric power plants. So far, Egypt leads the region’s installed capacity, followed by Lebanon, Iran, Iraq, and Syria. These are the countries that share the most abundant rivers in the Middle East.

Norb Leahy, Dunwoody GA Tea Party Leader