Showing posts with label Graph of Eurozone countries' GDP's since launch of euro showing devastation. Show all posts
Showing posts with label Graph of Eurozone countries' GDP's since launch of euro showing devastation. Show all posts

Friday, November 4, 2011

Graph of GDP of European countries since launch of euro

.
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.