This week, more and more the media is mentioning Zimbabwe’s name when discussing Greece’s economic problems and the debt crisis that’s risking it being forced out of the Eurozone. Yesterday’s Bloomberg headline had:
Greece Misses $1.7 Billion IMF Payment, Joining Zimbabwe’s Ranks
For many, it has raised the question: How exactly do the two economies compare? Which is (or has seen) a worse crisis? Here are some facts we put together:
Both are very small countries with Zimbabwe slightly larger.
2. Unemployment Percentage:
Zimbabwe: Around 80%
Greece: Ranked 69/175 globally.
Zimbabwe: Ranked 156/179 globally.
Measures a country’s economic performance. Calculated by either adding up everyone’s income during the period or by adding the value of all final goods and services produced in the country during the year.
5. GDP Per Capita
6. GDP Growth