Friday, November 4, 2011

Graph of GDP of European countries since launch of euro

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5/12/11, "In graphics: The eurozone's crisis," BBC

"Annual GDP growth - percentage change from previous year" Graph

"Gross domestic product (GDP) is the value of all the goods and services produced by a country.

This chart shows how much GDP has grown, or contracted, every year

  • since the launch of the euro.

It shows very clearly the damage caused to the whole of the eurozone by the financial crisis.

Notice that while Portugal did not experience a huge dip in 2009, its GDP growth was relatively low for much of the previous decade, which made the big infrastructure projects it was pursuing difficult to afford.

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