Despite their collective expertise, markets are apparently destined to repeat history as irrational exuberance is followed by equally irrational despair. Periodic bouts of economic chaos are the inevitable result.
Financial crises have been an unfortunate part of the industry since its beginnings. Bankers and financiers readily admit that in a business so large, so global, and so complex, it is naive to think such events can ever be avoided. A look at a number of financial crises over the last 40 years suggests a high degree of commonality: excessive exuberance, poor regulatory oversight, dodgy accounting, herd mentalities, and, in many cases, a sense of infallibility.
Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.
What is the expenditure approach? The expenditure method to calculating GDP is an approch that totals consumption, investment, government spending, and net exports (exports minus imports).
Historical Data 1970-2012 GDP at current US$ GDP at current PPP int.$ Real GDP Growth GDP Ranking GDP by country GDP per capita GDP per capita Ranking General indicators of economic development: charts, tables, rankings, maps, historical data See also: Agriculture | Commodities | Demographics | Economics | Education | Energy | Environment | Exchange Rates | Food Security | Foreign Trade | Healthcare | Land Use | Poverty | Research and Development | Telecommunication | Tourism | Transportation | Water | World Rankings
Source: UN National Accounts
Source: IMF World Economic Outlook, April 2014