Military spending by various countries all over the world can be measured as each countrys spending percentage of that countrys gross domestic product. A countrys GDP is a total of the value of the services provided in a country and the products that are made there. It does not include the value of items that are imported into that country, but it does include items that are made in a country and exported out of it. The GDP of a country is often considered to be a good indicator of that countrys standard of living.
In general, the Middle East has the highest amount of military spending when compared to the GDP of the countries in that region. Africa is a mixture of countries that spend little and countries that spend nearly as much as the Middle East when compared to their own GDPs. Europe and the Americas spend in the mid range with Mexico and most Central American countries spending the least of these countries when compared to its GDP. Australasia and East Asia are also in the mid-range with Japan spending little compared to its GDP.
Source : http://www.visualeconomics.com
“Inflation rate” is an economic term that refers to changes in a price index. The inflation of a country is the rate of price increase over a set period of time. Most inflation figures are given for the yearly increase in the price index. Inflation affects the purchasing power of the population and affects the economy of a country in countless ways. With a rising inflation rate, a currency unit will purchase fewer goods, necessitating a rise in salaries and other economic changes.
Inflation may seem like a constant issue, but different parts of the world have very different inflation rates. Some countries have double-digit rates of inflation, or even higher rates. Other countries have little to no inflation.
Source : http://www.visualeconomics.com
World MAP illustrating percentages of total budgets allocated for Military, Healthcare and Education.
IBRD and IDA: Two Institutions That Comprise the World Bank
The IBRD is an international organization whose original mission was to finance the reconstruction of nations devastated by World War II. Now, its mission has expanded to fight poverty by means of financing states. IDA is responsible for providing long-term, interest-free loans to the worlds 80 poorest countries, 39 of which are in Africa.
Total IBRD-IDA Lending by Sector
During the 2008 fiscal year, 6 percent went to agriculture, fishing and forestry,
8 percent went to education and 17 percent went to energy and mining.
Another 6 percent went to finance, 7 percent went to health and other social services, 6 percent went to industry and trade and 1 percent went to information and communication. Another 21 percent went to law and justice and public administration, 9 percent went to transportation and 10 percent went to water, sanitation and flood protection.
The net worth of the richest people in the world is the worth of the total assets that each person owns. The net worth includes the assets minus the liabilities. In general, it is the worth of all the persons assets, whether or not they are liquid. The 50 richest people in the world are:
- William Gates III (Bill Gates), United States, net worth $40 billion from software. One of the founders of Microsoft, Bill Gates has been the richest person in the world for most of the years from 1995 to 2009.
Warren Buffett, United States, net worth $37 billion from investments. Investor and Berkshire Hathaway CEO, Warren Buffet has pledged much of his wealth to philanthropic pursuits.
- Carlos Slim Helu & Family, Mexico, net worth $35 billion from telecommunications. Helu is one of the major influences over Mexican telecommunications. In 2007, he was briefly considered the richest person in the world.
- Lawrence Ellison United States Net worth $22.5B from software. Oracle CEO Ellison began in very humble circumstances and built up Oracle form a small business in 1977 to an enormous computer corporation.
Ingvar Kamprad & Family Sweden Net worth $22B from furniture retail. The founder of IKEA, Kamprad started selling matches as a child and built up his retail business into the multinational corporation that IKEA is today.
- Karl Albrecht, Germany, net worth $21.5B from supermarket retail
- Mukesh Ambani, India, net worth $19.5B from petrochemicals
- Lakshmi Mittal, India, net worth $19.3B from steel
- Theo Albrecht, Germany, net worth $18.8B from supermarket retail ………….
Source : http://www.visualeconomics.com/50-wealthiest-people-in-the-world/
A country’s economic worth can be measured in more ways than just its GDP and national debt. It is also important to consider the economic potential that lies in the harvesting of the natural resources within its borders. This map shows the top producing countries of each resource, or the proved reserves in the case of oil and natural gas. Each circle represents the percentage of the world’s total that the country produced in the last two years. Though some of the resources are renewable and some are not, it is interesting to see which parts of the world are rich in resources that are essential to our way of life, and to consider what this map might look like 10 or 100 years from now.