European Countries Economies 4-19-24

It is clear that many European governments have not worked with their private sector businesses and citizens to focus on their economies. Instead, they fell victim to UN schemes aimed at empowering the UN to advance UN Agenda 21.  The EU morphed from a post-war Trading Partnership into a globalist government that lives in an ideological bubble. 

The EU increased sales taxes to 20%, temporarily halted fishing, encouraged the Muslim invasion in 2015, took on debt to lower their fossil fuel use, built wind and solar, doubled their energy costs, built their tourist-oriented train systems, paid 0 interest on their debt, printed money to cause inflation and increased their Debt to GDP.

There are 41 countries on my European country list

The EU has 27 member countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

There are 14 European countries are not EU member countries and include: Russia, UK, Switzerland, Norway, Albania, Andorra, Belarus, Bosnia, Iceland, Liechtenstein, Moldova, Monico, Montenegro, Kosovo, Ukraine, Serbia

I put some countries that show up as European on my Middle East List: Armenia, Azerbaijan, Georgia and Turkey.

41 European countries are listed.

24 European countries have Trade Deficits.

14 European countries have Trade Surpluses.

3 had no trade data

6 European countries have a Debt to GDP under 30%.

25 European countries have a a Debt to GDP from 30% to 90%.

7 European countries have a Debt to GDP over 90%.

It is true that Covid disrupted the tourism revenue in Europe and Biden inflicted global inflation by restricting US energy production and invited wars in Ukraine and Israel.

IMF Estimates for 2023

Country           $NGDP   $Per Capita  Population Debt to GDP Trade Bal 

Germany         $4.430T     $52,824      83.295m         66.1%     +$16.6B

UK                  $3.332T      $48,912      67.737m         97.1%     -53B bp

France            $3.049T      $46,315      64.757m        112%       -101B

Italy                $2.186T      $34,146      58.871m        137%       +35.4B

Russia            $1.862T      $13,006    144.444m        17.2%      +$140B

Spain              $1.582T      $33,090      47.520m        112%       -$43.74B

Netherlands   $1.093T      $61,770      17.618m         46.8%      +$96.43B

Switzerland  $905.6B     $102,865        8.797m          41.4%      +45.23B

Poland          $842.2B       $22,393       41.026m        49.3%      +$3.7B

Belgium        $627.5B       $53,657       11.686m        104%       -$13.99B

Sweden        $597.1B       $55,216       10.612m         32.9%     +3.8B sek

Ireland          $589.6B     $112,248         5.057m         44.4%     +$96B

Norway         $543.8B       $99,266         5.474m         44.3%     +$4.9B

Austria          $526.2B       $58,013         8.959m         77.8%     +1.699B

Denmark      $520.8B       $71,402          5.911m        29.8%      +$42.02B

Romania      $350.4B       $18,413         19.893m        47.2%     -2.174B

Czech Rep   $335.2B       $30,475         10.495m        44.0%     +$122.8B

Finland         $305.7B       $54,507           5.546m        73.3%     -$7.73B

Portugal       $276.4B       $26,879         10.248m        112%      -$6.40B

Greece         $242.4B       $23,173         10.341m        160%       -31.1B

Hungary       $203.8B       $21,075           9.604m        73.9%      -$293.8M

Ukraine        $173.4B        $5,225           36.745m       78.4%      -$27.37B

Slovakia       $133.0B       $24,471           5.795m        57.8%      -$6.66B

Bulgaria       $103.1B       $16,087           6.687m        20.0%       +$0.72B

Luxembourg $89.1B      $135,605            654.8k         24.7%      +$28.8B

Croatia         $80.2B         $20,877           4.009m        68.8%      -$1.2B

Lithuania      $79.4B         $28,482           2.718m        38.1%     -$5.35B

Serbia          $75.0B         $11,301           7.149m        55.1%      -$6.79B

Belarus        $68.9B         $7,477             9.498m        32.8%      -$2.4B

Slovenia      $68.4B         $32,350           2.120m         72.3%      -$1.335B

Latvia          $46.7B         $24,929           1.830m         41.0%      -$2.39B

Estonia        $41.8B         $30,998           1.323m        19.6%       -$0.21B

Iceland        $30.5B         $78,837            375.3k         68.9%      -$0.20B

Bosnia         $26.9B         $7,778             3.211m         20.3%       -$3.59B

Albania        $21.9B         $8,057             2.832m         59.2%       -$4.5B

Malta           $20.3B        $38,715             535.1k         52.3%        -4.6B

Moldova     $16.0B          $6,411             3.436m         32.1%        -4.2B

Macedonia  $15.8B         $7,672             2.086m         51.0%        -2.8B

Monico         na               na                        36.3k           na              na

Andorra       $3.692B      na                        80.1k           na               na

San Marino $1.998B       na                       33.6k            na               na

Total EU     $19.35T

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

https://en.wikipedia.org/wiki/List_of_European_countries_by_population

https://tradingeconomics.com/country-list/government-debt-to-gdp?continent=europe

Trade balance: goggle search.

This data gives us a look at how countries are dealing with their basic economies. The cost of providing water, food and shelter and living standards vary widely. Countries with the largest populations and the least resources are more difficult to manage. Maintaining law and order is required.

Norb Leahy, Dunwoody GA Tea Party Leader

Government Citizen Compact 4-18-24

So, here’s the deal.  As Individuals we have free will and are completely responsible for ourselves.

We will need to provide ourselves with occupational choices we will do well and enjoy doing. We will need to ensure that we have clean water, food and shelter. If our paychecks can’t handle this, we will need a 2^nd job. We need to know how to know if our government is rotten or not. We need to elect  people who are not rotten or stupid. 

Government needs to listen to us citizens and not live in a bubble. They work for us and they need to know how to run a good economy to give us a chance to be self-supporting. If they fail, we need to fire them.

The players in every economy include families to provide food and shelter, a private sector of businesses to provide food, houses and needed products and a government to provide defense, infrastructure and the rule of law.

The Family is the basic economic unit of the economy. Individuals are responsible for themselves to become self-supporting. Families should help family members in need. Citizens are responsible for themselves and their families and their duty to be informed enough to recognize cause and effect with common sense.

The Private Sector is responsible for providing products and services needed by families and businesses. They produce food, houses, tools, appliances, clothing, home furnishings, medications and other products and services. They produce technology that improves productivity. Utilities provide electricity, natural gas and phone service. Railroads are unfortunately included in the private sector and are failing to maintain their equipment.

Governments need to attend to their economies. They need to maintain a trade balance and avoid war, unnecessary debt and inflation.

The best economic system is the Free-Market where prices are controlled by supply and demand. Managed economies don’t work as well.

Countries with a weak connection between government and citizens are vulnerable to failure.

Countries that impose abuse on citizens are vulnerable to citizen revolt at the polls or in the streets.

Governments are typically responsible for infrastructure to provide clean water, sewers, roads, bridges, highways and roads. Railroads are on their own, because they own the ageing tracks.

States provide laws, courts, prisons, records of licenses, economic development, harbors, highways, state roads and public colleges with few useful occupational courses.

Counties provide records of Deeds, voter registration, vehicle registration, leaky water and sewer systems, road and bridge maintenance, fire fighters, police and failing public schools

Cities provide zoning, road maintenance, construction permits, trash removal and police.

So, how are we doing?  In the US, we need to fire Biden and rehire Trump to close the borders, drill for oil and natural gas, build the pipelines, lower the cost of energy and reduce our trade deficit. We also need Republicans to have majorities in the House and Senate. 

Norb Leahy, Dunwoody GA Tea Party Leader

 

Annual Income by Country 4-17-24

 Annual income includes all earned income. Gross annual wage is annual average salary.

This data reflects household income. Monaco has the highest Annual income with a population of 36.3 thousand in a popular European casino destination. Bermuda is also a small population tourist center. These are not normal economies.

The next group of countries with high Annual income have small populations of skilled citizens.  Norway has a population of 5 million. Switzerland has a population of 8.7million. Luxembourg is a banking center and has a population of 654 thousand. Ireland has a population of 5 million and a corporate tax at 12% and is the headquarters of most US companies selling to Europe. Higher Annual income and wages are a function of skilled, productive citizens and wise governments.

Country/Region	Ø Annual income	Ø Gross annual wage
Monaco	186,080 $
Bermuda *	125,210 $
Norway	95,520 $	68,071 $
Switzerland	95,490 $	97,258 $
Luxembourg	89,200 $	79,651 $
Ireland	79,730 $	55,742 $
United States	76,770 $	77,464 $
Denmark	73,520 $	67,745 $
Qatar	70,120 $
Iceland	68,660 $	87,334 $
Singapore	67,200 $
Sweden	63,500 $	47,786 $
Australia	60,840 $	64,326 $
Netherlands	60,230 $	55,012 $
Austria	55,720 $	51,773 $
Israel	55,140 $	49,036 $
Finland	54,930 $	49,113 $
Hong Kong *	54,370 $
Germany	54,030 $	47,836 $
Belgium	53,890 $	54,757 $
Canada	52,960 $	60,954 $
United Kingdom	49,240 $	50,209 $
United Arab Emirates	49,160 $
New Zealand	49,090 $	51,073 $
San Marino	47,120 $
France	45,290 $	43,888 $
Macao *	43,680 $
Japan	42,440 $	34,578 $
Italy	38,200 $	33,179 $
South Korea	36,190 $	36,086 $
Spain	32,090 $	30,636 $
Cyprus	31,520 $	27,789 $
Slovenia	29,590 $	31,348 $
Saudi Arabia	27,680 $
Estonia	27,120 $	22,804 $
Czechia	26,100 $	21,253 $
Portugal	25,950 $	21,386 $
Lithuania	23,870 $	25,390 $
Slovakia	22,070 $	18,159 $
Latvia	21,850 $	21,019 $
Greece	21,810 $	17,020 $
Hungary	19,010 $	14,306 $
Poland	18,900 $	17,013 $
Romania	15,570 $	15,677 $
Chile	15,360 $	19,759 $
Bulgaria	13,350 $	11,361 $
Costa Rica	12,920 $	17,841 $
China	12,850 $
Russia	12,750 $
Malaysia	11,830 $
Argentina	11,590 $
Mexico	10,820 $	9,859 $
Turkey	10,640 $	11,621 $
Montenegro	10,480 $	11,143 $
Kazakhstan	9,620 $	8,081 $
Serbia	9,290 $	11,103 $
Brazil	8,140 $
Bosnia and Herzegovina	7,660 $	11,120 $
Thailand	7,230 $
Belarus	7,210 $	7,452 $
South Africa	6,780 $
North Macedonia	6,660 $	9,758 $
Colombia	6,500 $	8,978 $
Ecuador	6,300 $
Armenia	5,960 $	6,489 $
Azerbaijan	5,660 $	5,929 $
Georgia	5,600 $	6,347 $
Moldova	5,500 $	6,094 $
El Salvador	4,720 $
Palestine	4,610 $
Indonesia	4,580 $
Ukraine	4,260 $	5,160 $
Egypt	4,100 $
Vietnam	4,010 $
Iran	3,980 $
Philippines	3,950 $
Morocco	3,670 $
Sri Lanka	3,610 $
Bangladesh	2,820 $
India	2,390 $
Uzbekistan	2,190 $	4,215 $
Nigeria	2,160 $
Zimbabwe	1,710 $
Cambodia	1,690 $
Cameroon	1,640 $
Haiti	1,610 $
Pakistan	1,560 $
Nepal	1,340 $
Myanmar	1,270 $
Sudan	760 $
Somalia	600 $
Afghanistan	380 $

https://www.worlddata.info/average-income.php

Comments

This post includes family income data from 92 countries. China and India have the largest populations. These are “low wage low cost” countries with large urban cities and vast rural farmlands. The lowest income countries are primarily in Africa, Asia and the Middle East. Family income is higher in developed countries with generational wealth, resources and high productivity. Citizen capability and incentives provide the motivation to maintain higher income. War and disruption have a devastating effect on family income.

Governments have a responsibility to support increases in productivity and provide food aid if necessary. Governments that don’t provide support for citizens’ families are inviting disruption. Countries with high GDP. low family income and high citizen abuse are asking for trouble from their citizens. This is not the case in countries where the citizens understand their countries’ limitations.

Inflation is disrupting most countries and its causes are clearly traceable to Biden’s war on fossil fuels to support the Climate Change Hoax invented by the UN. The Global Warming scam is clearly traceable to UN Agenda 21. There is no conclusive proof that CO2 in the atmosphere has any serious effect on weather. Solar activity is the culprit. We have seen little change in the cycles of weather events we’ve always seen.

Norb Leahy, Dunwoody GA Tea Party Leader