I use Google to research economic data, history and politics. I rely on data to reach conclusions and use the data I find reliable. Most postings are out-of-date when I look for current data. GDP is a critical measure of the economy of countries and states and I prefer Nominal GDP because it reflects the actual dollar amounts reported to measure the Grose Domestic Product. I prefer reporting GDP by year. GDP is also reported as “Real GDP” and “PPP”, but this calculation includes inflation and is higher than the actual number recorded. I consider this as obfuscation to obscure and misrepresent the data. I never use “Real GDP”.
There are limits to the Nominal GDP data I find. It
includes combined business transactions by government and the private
sector. I need to separate these to see
if private sector spending is rising or sinking. I use government spending and subtract it
from Nominal GDP to track private sector spending.
I also like to include the reported Populations of
countries and states along with Nominal GDP as a check against reported Per
Capita GDP data by dividing GDP by Population.
I find historical economic data useful to show the trends
and direction of the data. I report this
by year. It reveals periods of inflation and high taxation due to government
overspending. I expose spending patterns
by President.
I find most government websites useless except the Commerce
Department where I can find the US Trade Balance history that includes US$
Imports, Exports and Deficits.
The US government uses Fiscal Year to report data and I
prefer Calander Year, because it’s less confusing. I believe this obfuscation
is intentional. The government doesn’t want the voters to know the data.
I routinely include the web address of postings I find on
Goggle. Data updates are slow to missing on Google, so I post updates to data a
month or two after the yearend.
Finding Illegal Migration data is difficult. I believe we
have about 20 million Illegal Immigrants living in the US, who migrated between
1980 and 2020. I believe we also have between 12 million and 16 million living
in the US who migrated from 2021 to 2024. This includes migration across the
Mexican Border, Canadian Border and Direct Air Flights.
The
Data I have been reporting in my series of articles on Countries includes:
$Nominal
GDP
$Per
Capita GDP
Population
$Debt
to GDP
%Inflation
%Unemployment
%Labor
Force Participation
Land
Area sq miles
Arable
Land sq miles
%
Urban population
%
Rural population
$Exports
$Imports
$Trade
Balance
$National Debt
Per Capita GDP is not the average wage or household income. It is simply the result of dividing the GDP by the Population.
The National Debt we use in determining Debt to GDP is the cumulative debt assumed by the government.
Comments
I believe this data is useful to understand what countries are dealing with to stabilize their economies. I am struck by the similarities in the difficulties encountered across the globe. It is clear that Biden’s reduction in US oil production created a global inflation that reaches every country. It is also clear that civil disorder and violent protests are planned attacks on the countries that experience them. I believe that government overspending and taxes need to be reined in to stabilize the economies of many developed countries.
Those who travel to other countries are good resources to add to the picture and refine the information we see from the data. There are limits to the data. I am reminded of the statistician who drowned in a lake with a mean depth of 3 feet.
Norb Leahy, Dunwoody GA Tea Party Leader
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