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UK has the highest real GDP growth among its European peers since 2010.

by Tycho 3y ago

dan-robertson 3y ago
Based on world bank data and taking into account PPP[1], UK real gdp rose 14% from 2010 to 2021. Belgium, Germany, Netherlands were up 15%. Norway 18%, Switzerland 19%, Denmark 20%, Sweden 25%. The UK was close to the EU average. Results are similar if you ignore PPP. [2] I’m not really sure where your numbers came from but I assume the ranking is a bit sensitive to the time boundaries (ie recovery from gfc and pandemic) so I don’t know how relevant it would be even if I had found the same results as you. I found the uk looks a bit better for growth from 2010 to 2019, which ignores some pandemic recovery failures mentioned in the OP and Germany’s larger 2009-2010 growth. [1] https://ourworldindata.org/grapher/national-gdp-wb?tab=chart&stackMode=relative&time=2010..latest&country=AUT~BEL~DNK~EST~OWID_EU27~FIN~FRA~DEU~GRC~ISL~HUN~ITA~LVA~LTU~GBR~UKR~CHE~SWE~ESP~ROU~POL~PRT~NOR~NLD~LUX https://ourworldindata.org/grapher/national-gdp-wb?tab=chart... [2] https://ourworldindata.org/grapher/national-gdp-constant-usd-wb%20?tab=chart&stackMode=relative&time=2010..latest&country=AUT~BEL~DNK~EST~OWID_EU27~FIN~FRA~DEU~GRC~ISL~HUN~ITA~LVA~LTU~GBR~UKR~CHE~SWE~ESP~ROU~POL~PRT~NOR~NLD~LUX https://ourworldindata.org/grapher/national-gdp-constant-usd...
- Tycho 3y ago
  The data is from IMF. It’s to 2023 not 2021. The Treasury tweeted about it. https://twitter.com/hmtreasury/status/1683866075224571905 https://twitter.com/hmtreasury/status/1683866075224571905 The peers are Germany, Spain, Italy, France. Ie other large countries.
theironhammer 3y ago
Ireland has a very high GDP yet the majority of people are not well off . If all that GDP growth is going into the hands of just a few players what's the point?
nine_k 3y ago
The UK may be still high up, but the problem is the apparent downward trend. The whole point, as I understand it, is to research what happens in the (still) rich and advanced nations which (slowly) lose their riches and advancements.
jbjbjbjb 3y ago
The whole of Europe is on the decline
- sebazzz 3y ago
  The whole West I'd say. Power is shifting to China and the Middle East.
  - asdadsdad 3y ago
    yeah. The Middle East is a quiet underdog people have not been paying much attention, but the Arab world is really powerful

UK has the highest real GDP growth among its European peers since 2010.

by Tycho 3y ago

UK has the highest real GDP growth among its European peers since 2010.

Based on world bank data and taking into account PPP[1], UK real gdp rose 14% from 2010 to 2021. Belgium, Germany, Netherlands were up 15%. Norway 18%, Switzerland 19%, Denmark 20%, Sweden 25%. The UK was close to the EU average. Results are similar if you ignore PPP. [2] I’m not really sure where your numbers came from but I assume the ranking is a bit sensitive to the time boundaries (ie recovery from gfc and pandemic) so I don’t know how relevant it would be even if I had found the same results as you. I found the uk looks a bit better for growth from 2010 to 2019, which ignores some pandemic recovery failures mentioned in the OP and Germany’s larger 2009-2010 growth. [1] https://ourworldindata.org/grapher/national-gdp-wb?tab=chart&stackMode=relative&time=2010..latest&country=AUT~BEL~DNK~EST~OWID_EU27~FIN~FRA~DEU~GRC~ISL~HUN~ITA~LVA~LTU~GBR~UKR~CHE~SWE~ESP~ROU~POL~PRT~NOR~NLD~LUX https://ourworldindata.org/grapher/national-gdp-wb?tab=chart... [2] https://ourworldindata.org/grapher/national-gdp-constant-usd-wb%20?tab=chart&stackMode=relative&time=2010..latest&country=AUT~BEL~DNK~EST~OWID_EU27~FIN~FRA~DEU~GRC~ISL~HUN~ITA~LVA~LTU~GBR~UKR~CHE~SWE~ESP~ROU~POL~PRT~NOR~NLD~LUX https://ourworldindata.org/grapher/national-gdp-constant-usd...

Tycho 3y ago
The data is from IMF. It’s to 2023 not 2021. The Treasury tweeted about it. https://twitter.com/hmtreasury/status/1683866075224571905 https://twitter.com/hmtreasury/status/1683866075224571905 The peers are Germany, Spain, Italy, France. Ie other large countries.

theironhammer 3y ago

Ireland has a very high GDP yet the majority of people are not well off . If all that GDP growth is going into the hands of just a few players what's the point?

nine_k 3y ago

The UK may be still high up, but the problem is the apparent downward trend. The whole point, as I understand it, is to research what happens in the (still) rich and advanced nations which (slowly) lose their riches and advancements.

jbjbjbjb 3y ago

The whole of Europe is on the decline

sebazzz 3y ago
The whole West I'd say. Power is shifting to China and the Middle East.
- asdadsdad 3y ago
  yeah. The Middle East is a quiet underdog people have not been paying much attention, but the Arab world is really powerful