Analysis of Economic Situation

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Presentation transcript:

Analysis of Economic Situation 3. ECONOMIC INDICATORS 3.1. Macroeconomic Indicators

Macroeconomic Indicators Macroeconomics: A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole (national, regional, and global economies) Key issues: national economy output inflation unemployment fiscal problems

National Economy Output Gross Domestic Product (GDP) the monetary value of all the finished goods and services produced within a country’s borders in a specific time period GDP = C + G + I + NX C - private consumption G - government spending I - investment NX - total net exports Variations of GDP nominal adjusted for inflation adjusted for purchasing power parity (PPP) absolute values / relative values

OECD Monthly comparative price levels (January 2017)

GDP Dynamics in % Source: WDI Database, the World Bank.

GDP of Ukraine - constant vs. fixed (2010) prices, in Hryvna Source: WDI Database, the World Bank.

GDP in constant (2010) USD prices Source: WDI Database, the World Bank.

GDP Per Capita in constant USD (2010) prices Source: WDI Database, the World Bank.

Price Stability Inflation is a sustained increase in the general price level of goods and services Hyperinflation: very high inflation (>50% a month) Hyperinflation in Hungary 1946: inflation: 42 000 000 000 000 000% a month (42 quadrillion) the biggest bank note: 100 000 000 000 000 000 000 Pengő (100 quintillion) August 1946 - introduction of Forint with a 1:400 000 000 000 000 000 000 000 000 000 exchange rate (1 Forint for 400 octillion Pengő)

Inflation Rates (in %) Source: WDI Database, the World Bank.

Inflation Rates in Transition (in %) Source: WDI Database, the World Bank.

Labor Market Unemployed Labor market indicators registered real - Eurostat definition: persons age 15 to 74 who are not working have looked for work in the last four weeks are ready to start work within two weeks Labor market indicators unemployment rate: no. of unemployed / labor force registered unemployment rate real unemployment rate employment to population ratio, employment rate: employed / working age population activity rate, labor force participation rate: total labor force / working age population

(Real) Unemployment Rate in 2015 (%) Source: Eurostat.

Activity Rate vs. Employment Rate in 2015 (%) Source: Eurostat.

Unemployment Rate Dynamics (%) Source: Eurostat via Google Public Data, https://www.google.com/publicdata.

General Government Balance in 2015 (% of GDP) Source: Eurostat.

Government Consolidated Gross Debt in 2015 (% of GDP) Source: Eurostat.