-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
2020 report sees India, China as top powers
Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
RabidMongoose
Lifer
The US isn't setting any precedent at all really. This is hardly the first time advancements in military have followed economic improvements.
http://www.cia.gov/cia/publica...ankorder/2003rank.html
http://www.studentsoftheworld....s/wfb/def/2003rank.php
Look at the top 50
Look at the bottom 50
Europe = owned.
The numbers for actual GDP growth rate differ in almost every site, but one thing is for sure. Europe is not growing.
http://www.studentsoftheworld....s/wfb/def/2003rank.php
Look at the top 50
Look at the bottom 50
Europe = owned.
The numbers for actual GDP growth rate differ in almost every site, but one thing is for sure. Europe is not growing.
n/m. The data I saw was for 2005 and that is only if they have a constant flow of their resources, which I doubt will happen. That 30% increase also takes into account the -20% this year and the previous years. Basically it will be good if they can get it to at least pre-war again (which wasnt good to begin with).
RabidMongoose
Lifer
That's because they're going through a war. I would wager that their growth will be better in the future than what it previously was.
RabidMongoose
Lifer
Wow, those growth numbers are pretty surprising. The US seems to be doing pretty damn good, especially among the more developed countries in the world - it's near the top. Seems to be going pretty good.
Europe seems to be suffering from some slow growth. Germany is at -.10 with Switzerland at -0.5!
RabidMongoose
Lifer
I have no idea, but I would imagine that in raw numbers in today's times they should be able to at least match that eventually. At least now the sanctions will be off for them, too.
RabidMongoose
Lifer
I doubt that the Middle East is going to be overtaking Europe any time soon.
I'm kind of curiosu - how much of the Middle East's economy is NOT oil based?
Algeria: $17.8B oil revenue / 66 Billion GDP = 27%
Indonesia: $1.4B oil revenue / 208.2 Billion GDP = .067%
Iran: $23.9B oil revenue / 136.8 Billion GDP = 17.4%
Iraq: $9.6B oil revenue / No Data
Kuwait: $18.7B oil revenue / 35.3 Billion GDP = 52%
Libya: $13.4B oil revenue / 19.1 Billion GDP = 70%
Nigeria: $20.9B oil revenue / 50.2 Billion GDP = 41.6%
Qatar: $9.4B oil revenue / 17.466 Billion GDP = 53.8%
Saudi Arabia: $80.8B oil revenue / 188.479 Billion GDP = 42.8%
UAE: $23.7B oil revenue / 70.960 Billion GDP = 33.3%
Venezuela: $20.6B oil revenue / 84.793 Billion GDP = 24.3%
All of these countries have enough oil to last them for decades. They keep finding more oil there every year and upgrading their reserves. If there was a shortage of oil in these countries the entire global system would collapse. The only country that suffers from a threat to their reserves is Syria. They only have 10 years left, but Syria is not a major oil player.
Slowly these nations invest more money into other sectors of their economy. Each year billions are being invested for education and social programs to help boost the economy from their reliance on oil. Compare these nations to what they were 20 years ago. Each year they continue to grow and each year their reliance on oil is being cut short.
While their investments pay off, Europe continues to stay steady.
For example: Bahrain is investing $100billion into their economy in the next 5 years. $50 billion of that is for non-oil services and $50 billion is related to oil (search for more resources, upgade current facilities, etc).
Most of these nations are seeing growth rates while Europe is seeing no growth.
In 2004 the predict oil revenue from those countries was: $286.4
In 2005 the predict oil revenue for those countries is: $262.5
Yet they all have a growth rate forcast for 2005.
A perfect example is UAE. They only rely on 33% of their GDP for oil revenues. They once used to rely on much more.
The United Arab Emirates (UAE) earned an estimated $23.7 billion in net oil export revenues in 2003, up 30% from 2002 revenues. For 2004 and 2005, the UAE is projected to earn $26 billion each year. As with other OPEC countries, relatively strong oil prices and revenues in recent years have helped to significantly improve the UAE's economic, trade, and budgetary situations. The UAE economy is relatively diversified, having moved increasingly towards services (tourism, banking, re-exports, information technology, etc.). Privatization has moved ahead relatively quickly, and the country has set up the Sharjah Airport International Free Zone to encourage foreign trade and investment. These moves have helped to moderate the effects of fluctuating oil prices (and revenues). The UAE's current account ran a $12.5 billion surplus in 2003; for 2004, an $8.7 billion surplus is expected.
For 2004, the UAE is expected to export around 2.2 million bbl/d of oil, down 4% compared to 2003 export levels. Real growth in the UAE's gross domestic product (GDP) is projected at 4.0% for 2004 and 4.6% for 2005, similar to the estimated 4.5% real growth experienced during 2003.
For each nation it is different in the method they use to get the oil out. It depends on how far down the oil is in the ground. Saudi Arabia's oil is very easy to retrieve and therefore they have huge oil revenues (33% of Opecs oil). Other nations have the oil, but they are not able to pump it out as fast as Saudi Arabia because their oil is harder to retrieve. Oil is different for each nation as well. Lots of countries have sulfer and other stuff mixed in their oil that will lower the price on the market.
Countries who do not have the luxury that Saudi Arabia has, have turned their attention to other sectors for revenue.
For 2004, the UAE is expected to export around 2.2 million bbl/d of oil, down 4% compared to 2003 export levels. Real growth in the UAE's gross domestic product (GDP) is projected at 4.0% for 2004 and 4.6% for 2005, similar to the estimated 4.5% real growth experienced during 2003.
For each nation it is different in the method they use to get the oil out. It depends on how far down the oil is in the ground. Saudi Arabia's oil is very easy to retrieve and therefore they have huge oil revenues (33% of Opecs oil). Other nations have the oil, but they are not able to pump it out as fast as Saudi Arabia because their oil is harder to retrieve. Oil is different for each nation as well. Lots of countries have sulfer and other stuff mixed in their oil that will lower the price on the market.
Countries who do not have the luxury that Saudi Arabia has, have turned their attention to other sectors for revenue.
RabidMongoose
Lifer
Can you provide your source?
It seems that they are all very heavily involved with oil. There is probably very little development outside of the oil industry.
It's not hard to grow when you're at the bottom of the barrel. Europe is near the top and growth would be harder to achieve.
The chances of the Middle East surpassing Europe as a whole in economy, technology, and so on is likely slim to none in 20-50 years.
Stunt
Diamond Member
Aimster those oil revenues are highly misleading...i can't believe you can even begin to look at their economies like that.
First of all the oil is the backbone of the economy. Take oil away and there is no investment in the country. Nobody investing equipment and infrastructure to extract the oil, nobody will have money to go to stores to buy goods and services.
GDP is the productivity of the whole nation. Without the only true industry in the middle east, no money will be redistributed to other areas of the economy.
To get a glimpse of what the ME would be like without oil, i'd say halfway between africa and asia. The geography is similar to africa with the same challenges inherent in that regoin...but at the same time it has a large population with the same problems that such countries like pakistan is experiencing. They cannot attract labour intensive manufacturing because their standard of living is artificially higher due to resources.
Now...dont get me wrong. Oil in the ME will continue to flow for years. Especially with new tar sands technology that such countries like canada and china are working on. They have along while to get other economies going. I find it wierd that the ME's Debts are insanely high. They seem to be living beyond their means even with the huge revenues from oil.
First of all the oil is the backbone of the economy. Take oil away and there is no investment in the country. Nobody investing equipment and infrastructure to extract the oil, nobody will have money to go to stores to buy goods and services.
GDP is the productivity of the whole nation. Without the only true industry in the middle east, no money will be redistributed to other areas of the economy.
To get a glimpse of what the ME would be like without oil, i'd say halfway between africa and asia. The geography is similar to africa with the same challenges inherent in that regoin...but at the same time it has a large population with the same problems that such countries like pakistan is experiencing. They cannot attract labour intensive manufacturing because their standard of living is artificially higher due to resources.
Now...dont get me wrong. Oil in the ME will continue to flow for years. Especially with new tar sands technology that such countries like canada and china are working on. They have along while to get other economies going. I find it wierd that the ME's Debts are insanely high. They seem to be living beyond their means even with the huge revenues from oil.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
