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Showing posts with label MF October 2024 Report. Show all posts
Showing posts with label MF October 2024 Report. Show all posts

Wednesday, October 23, 2024

Professor Robert MacCulloch: NZ's Stagnant GDP as 184th out of 195 countries in the world....


IMF October 2024 Report Issued Today Ranks NZ's Stagnant GDP as 184th out of 195 countries in the world

The IMF has reported how much GDP is growing in 195 countries across the entire world. New Zealand is stagnant, at 0%, whilst nearly every other country is surging ahead. For 2024, Tables A1 to A5 (in the link below) show our ranking is 184th out of 195 countries. There are 11 nations doing worse than us: Argentina, Finland, Slovak Republic, Estonia, Haiti (civil war), Kuwait, Sudan (civil war), South Sudan (civil war), Yemen (civil war), Ireland (that has until this year been one of the world's fastest growing economies) and Austria. In terms of our Current Account balance, measuring exports minus imports as a fraction of GDP, we are 3rd lowest out of 41 developed nations, with Greece and Cyprus below us.