Economic Growth Comparison
Economic Growth Rate
United Kingdom- .2% (est. 2012)
Germany- .7% (est. 2012)
Brazil- .9% (est. 2012)
United States 2.2% (est. 2012)
World- 3% (est. 2012)
Germany- .7% (est. 2012)
Brazil- .9% (est. 2012)
United States 2.2% (est. 2012)
World- 3% (est. 2012)
Is this a Problem for the UK?
The United Kingdom has a low growth rate for a developed country. Most countries have a substantially higher growth rate. It gets overshadowed by many European countries and especially in by the United States. It is also just a fraction of the average economic growth that the world does. They need to make more growth to make a more successful economy.
Reasoning
Germany- Geological Location
Brazil- Major oil producing country
United States- Highly Industrialized country
World- Gives average of every country
Brazil- Major oil producing country
United States- Highly Industrialized country
World- Gives average of every country