European Nations by GDP PPP Per Capita, 2008 vs 2022, Inflation Adjusted
Note:-
This post is made to highlight how much European nations were affected
by the Financial Crisis of 2008 and how well have they recovered from it
after nearly 15 years and how much an economy has grown during the span
of the last 15 years.Also in
last post of mine on this topic, many people asked me to adjust these
GDP figures for inflation as that is a way better metric , so here is
the post for it with updated data.The
2004 batch of EU has significantly closed its gap with the Western
Europe,while Romania and Bulgaria have shown significant growth as
well(check last slide to see the clear change/growth).Greece
was the worst affected nation by the Financial Crisis of 2008,with them
having near GDP Per capita levels to Spain in 2008 and now as of
2022,they got the GDP Per capita levels closer to Romania,Bulgaria now.Italy and Spain haven’t recovered from the Financial Crisis of 2008 yet as well.
Ukraine has seen another lost decade due to invasion,corruption, not much growth.
Data is from World Bank.