Turkey outperforms Germany economically in the 21st century

 

Maddison project database (MPD) is a famous source of real GDP data for the whole world. Let's compare real GDP per capita for Turkey and Germany in 2022 as presented by the MPD (2023 version). The most recent period of relatively free development, say the 21st century, in these two countries can be best presented by the cumulative growth of real GDP per capita. Instead of presenting just the difference in the levels between 2022 and 2000, we show in Figure 1 the cumulative growth well illustrating the economic events in the 21st century. Overall, Turkey has been showing a higher growth in the real GDP per capita than Germany.  This is an outstanding result considering the fact that the media often describe Turkey as a failed economy. It is not! Turkey is running its economy effectively.

An average Turk added $16,000 to the pocket. German only $14500

Figure 1. Cumulative growth in real GDP pc since 2000. 

Iran vs. Israel. Economic growth in the 21st century

 Maddison project database (MPD) is a famous source of real GDP data for the whole world. Let's compare real GDP per capita for Iran, Israel, and Russia in 2022 as presented by the MPD (2023 version). Figure 1 presents the evolution of 3 curves and definitely shows the overall dominance of Israel with $36,649 in 2022. Iran had $18,473 and Russia $25,437.

Figure 1. Evolution of real GDP per capita (MPD) 

The most recent period of relatively free development, say the 21st century, in all studied countries can be best presented by the cumulative growth of real GDP per capita. Instead of presenting just the difference in the levels between 2022 and 2000, we show in Figure 2 the cumulative growth well illustrating the economic events in the 21st century. Overall, Russia has been showing the highest growth in GDP per capita, i.e. the most efficient economic growth. Iran, despite millions of sanctions, and Israel show similar figures. In 2023, the economic growth in Israel effectively stopped and the estimates for this year shown be negative. Moody's shifted Israel rating to Ba1 with negative expectations. The 21st century was not too much successful for Israel and Iran.

Figure 2. Cumulative growth in real GDP pc since 2000. 

Russia leads so far in the personal income growth in the 21st century - $16,000 is added in each pocket to buy and to save. 

 

The global majority is waiting for total annihilation in the promotion of the globalists' depopulation concept.

 the best strategy for the survival and prosperity of the human beings is to provide the best nutrition and education for all children worldwide, without exceptions. This is optimal to find the people who can resolve the challenges. This is the communist/socialist idea to take children from parents for the prosperity of each and every. Capitalism is the opposite to this idea - suppress any possibility for the overall prosperity and to fix own superiority. Currently, the best idea in this direction is to decrease the global population to 1-2 billion. An no rivals to their domoinance. China, partially, follows the socialist idea and now Harvard and Co try to suppress this wave. The world, as we know it, is in danger of privatization by capitalists of the top caliber. China and Russia are "revisionists" (Blinken). This is the best and absolutely definition rooted in the centuries. India is not ready yet to undertstand and shares interests between the US and "revisionosts". The global majority waits. It is waiting for total annihilation in the promotion of the  depopulation concept. 

Share of Labour Compensation in GDP at Current National Prices for United States

This graph from the St.Louis Fed says more that million words about the labor status in the US.  This curve ends in 2019. Interesting to see the next period of COVID-19. Personal income in 2020 was larger than GDP in two quarters.