Comparison Of Real Economic Growth As Expressed By GDP And GDP Per Capita

There is an obvious difference in the estimates of real economic growth as expressed by real GDP and GDP per capita. The former includes the growth in population, which may be related to different sources: higher birth rates, lowering mortality rate, and net migration. There are countries with the population growing exponentially, e.g. the USA.

Some developed countries do not demonstrate significant population growth. A few countries have a negative population growth forecast in the coming decades, e.g. Germany. It is interesting to compare real economic growth in developed countries using both variables.

A series of figures below present various cases and illustrate the difference between the studied developed countries. We also present a table summarizing the study. The main goal is to highlight the importance of the growing population for fast economic development.

The extensive economic growth is not unlimited, however. The US population is currently growing at a slower rate than in the 1990s even with intensified migration processes. 


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