... With an outbreak of comparable severity to France, as judged by per capita deaths – 458 to 464 – its economy has weathered much better, a fall of 9.5% compared to France’s 19.0%.
Real GDP per capita removes the effects of price changes. Real GDP per Capita . So far, if that is the issue, our performance shapes up extraordinarily well. Interestingly, the SK death rate is 5x higher than the US’s. I also compared the death (and case rates) excluding Italy. Figure 1: Percentage change in Real Gross Domestic Product, Second Quarter 2020. Another worthwhile analysis would consider the common sense observation that the US, South Korea, and Europe had their first cases at roughly the same time. GDP From Public Administration in the United States decreased to 2211.40 USD Billion in the first quarter of 2020 from 2226.80 USD Billion in the fourth quarter of 2019. Sweden's GDP increased by 0.1% in the first quarter, when seasonally adjusted and compared to the final three months of 2019. Brian comments:I compared the Wuhan virus death rate as a percentage of the population in Western Europe and South Korea to the US death rate. Finally, on a political note: the Democrats had better be careful about trying to blame President Trump for whatever damage the Wuhan virus ultimately does in the U.S. The number of Western European deaths per million of population is 29x higher than the US’s and 9x higher if Italy’s data is excluded from those calculations.As you would expect with the higher testing in S Korea, the case rate is much higher (9x) in SK than in the US.
NOTE: All 2020 and later data are UN projections and DO NOT include any impacts of the COVID-19 virus.Chart and table of the U.S. death rate from 1950 to 2020. UK gross domestic product (GDP) in volume terms was estimated to have fallen by 2.0% in Quarter 1 (Jan to Mar) 2020, the largest fall since Quarter 4 (Oct to Dec) 2008. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. It may also reflect other factors independent of mitigation efforts, such as our lower population density, lower smoking rates, and lower proportion of multiple generations of families living together.Population density: The U.S. is a vast, relatively underpopulated country. United Nations projections are also included through the year 2100. If you didn't use real GDP, you might think the country experienced growth when it really just suffered from rising prices. Chart and table of the U.S. death rate from 1950 to 2020.
I created the table below to calculate the per capita case and death rate in each country as of March 17th as reported by the Worldometers website. I created the table below to calculate the per capita case and death rate in each country as of March 17th as reported by the Worldometers website.I converted Brian’s table, as it relates to mortality, into a simple bar chart that shows deaths per million of population; click to enlarge:The data suggest that the U.S. is, so far, doing extraordinarily well (but, perhaps, at too high a cost, which is a subject for another post).
According to a study, Serbia’s mortality rate was at its lowest in the 1960s, where it was between 8 and 9 deaths per 1,000. That allows you to compare one country's GDP per capita over time. In countries like Italy, younger family members who catch the coronavirus but aren’t particularly sick bring it home, where it may be fatal to a grandparent. But that is largely a state and local issue, and not one that the Democrats are likely to raise.
United Nations projections are also included through the year 2100. Criticisms of our governments’ performance will need to be more subtle: In my opinion, we have gone overboard in constraining normal economic and social activity, to the great detriment of many millions of Americans. I think this information is relevant because there is almost no reporting that uses comparative analysis weighted for population. The data and analysis are real. For 2018, the U.S. real GDP per capita was $62,795. Canada gdp per capita for 2017 was $45,149, a 6.68% increase from 2016.
During the beginning 21st century, the rate was much higher, reaching 14 deaths per 1,000 at its highest. Please check your download folder. I don’t know what it portends for the future. United Nations projections are also included through the year 2100.
Maybe it just takes longer for the virus to percolate through our population and for our per capita mortality rates to catch up. Figure 2: Covid-19 deaths per million.