Global Trends and Patterns in Income, Life Expectancy and Education
Global Trends and Patterns in Income, Life Expectancy and Education
Content GDP (PPP) 1 Life expectancy 9 Education 17 Summary 24
GDP (PPP)
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of standard of living. Being one of three components of HDI (Human Development Index) GDP can also be used to measure trends and patterns of income. Furthermore, GDP is very unevenly distributed between continents and within them. Therefore it is crucial to remember that from a general rule there always exceptions.
From 1980 till 2009 global GDP value has increased significantly, however this increase was not linear. Between 1980 and 1985 there was a significant drop in global GDP ~10%-because of "early 1980s recession" after that, up to 1995 the increase was quite even ~3.5% per 5 year. Nevertheless value from 1985 was not reach until 2000. Looking on the Global GDP (Graph.2) we can observe very rapid increase of GDP vale between 1995 and 2005(this dates are not exact as data was collected every five years). Events which occurs around this dates are quite easily to spoil. Around 1995 communist regime in Europe ended and around 2005 world crisis started. After 2005 the increase was very slow ~1.8%. We have to be aware of the fact that this global trend in each part of the world had it own pattern. Therefore I will describe each continent on its own.
Starting from Africa it is important to notice that average GDP in Africa is still below line of 4000$PPP. A Graph.1 for Africa is less complicated than the global one. Up to 1995 the increase was almost negligible but quite recently it is over 16%. It may seems that the gap between "reach" and "poor" is decreasing, unfortunately no. In 1980 gap between Africa and world average was ~6600$PPP while in 2009 it was ~7800$PPP. As you can see Africa is not
Content GDP (PPP) 1 Life expectancy 9 Education 17 Summary 24
GDP (PPP)
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of standard of living. Being one of three components of HDI (Human Development Index) GDP can also be used to measure trends and patterns of income. Furthermore, GDP is very unevenly distributed between continents and within them. Therefore it is crucial to remember that from a general rule there always exceptions.
From 1980 till 2009 global GDP value has increased significantly, however this increase was not linear. Between 1980 and 1985 there was a significant drop in global GDP ~10%-because of "early 1980s recession" after that, up to 1995 the increase was quite even ~3.5% per 5 year. Nevertheless value from 1985 was not reach until 2000. Looking on the Global GDP (Graph.2) we can observe very rapid increase of GDP vale between 1995 and 2005(this dates are not exact as data was collected every five years). Events which occurs around this dates are quite easily to spoil. Around 1995 communist regime in Europe ended and around 2005 world crisis started. After 2005 the increase was very slow ~1.8%. We have to be aware of the fact that this global trend in each part of the world had it own pattern. Therefore I will describe each continent on its own.
Starting from Africa it is important to notice that average GDP in Africa is still below line of 4000$PPP. A Graph.1 for Africa is less complicated than the global one. Up to 1995 the increase was almost negligible but quite recently it is over 16%. It may seems that the gap between "reach" and "poor" is decreasing, unfortunately no. In 1980 gap between Africa and world average was ~6600$PPP while in 2009 it was ~7800$PPP. As you can see Africa is not