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> but overall consistent growth Gunna need to inflation adjust that one bud, its not decline, but it is not great. https://data.worldbank.org/indicator/NY.GDP
by blitzar 11mo ago
> but overall consistent growth
Gunna need to inflation adjust that one bud, its not decline, but it is not great.
https://data.worldbank.org/indicator/NY.GDP.PCAP.KN?locations=GB https://data.worldbank.org/indicator/NY.GDP.PCAP.KN?location...
- mytailorisrich 11mo agoThat shows a decline compared to 2019: 35,193 in 2019, 35,108 in 2024. Overall GDP is up over the period because of population growth. All as per my original comment.
- blitzar 11mo agoI am far more concerned that it is not meaningfully changed since 2007 - the year that iPhones came into existence.
- graemep 11mo agowe did have the financial crisis and covid in that time. On the other hand, I think this chart shows a clear long term trend all the same: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?end=2024&locations=GB-FR-DE-IT&name_desc=false&start=1961&view=chart https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?end=2...
- graemep 11mo agoThanks, I meant to link to a constant number. It still debunks the post I replied to. its not great, but very similar to the closest comparable economies: https://data.worldbank.org/indicator/NY.GDP.PCAP.KN?end=2024&locations=GB-FR-DE-IT&name_desc=false&start=2004&view=chart https://data.worldbank.org/indicator/NY.GDP.PCAP.KN?end=2024...
- mytailorisrich 11mo agoWhy do you feel the need to "debunk" my comment especially when the data do show the decline of GDP per capita I mentioned? Of course you'll always be able to claim that I was wrong by picking a suitable baseline year... But why? My point was to highlight how the lack of growth is a big issue. Do you have something constructive to discuss on the topic of the article?
- graemep 11mo ago> Why do you feel the need to "debunk" my comment Because its wrong. Look at the graph. it shows some years of decline (Covid and the 2008 financial crisis) but overall there has been growth over the long term. If you are now claiming "growth has been too low" I agree that the UK's economy, like other western European economies, has been stagnant with only 7% growth over the last decade.
- mytailorisrich 11mo agoExactly as predicted you are now claiming that I am still wrong by picking a suitable timescale instead of discussing the point. As already said in another comment the graph does show a decline as 2024 is still below 2019, especially with a drop in 2023 (which corresponds to the highest annual population growth on record). I don't know why you are doing that (using narrowest possible interpretation of what I wrote to "prove me wrong" and "debunk") but you are not commenting anything constructive or substantial.
- graemep 11mo agoOK, so your claim of decline is true if you carefully pick the right timescale. I do not think that approach is reasonable. The UK economy (in common with other European economies) did badly in 2023 which proves what exactly?
- mytailorisrich 11mo agoI didn't pick a timescale, you did. I wrote that "the GDP per capita has been declining", which is has and you provided the graph that shows it. Obviously I meant currently/recently... Again, what are you trying to achieve by attacking me so disingenuously?