Wait.. what the fuck??

wait.. what the fuck??
what the fuck is happening???
This looks like some serious she why have i only found out about this now?
GDP per capita went from 67k to 49k in just 3 years this seems bad as fuck, that was 2016 and the trend seems to be continuing

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Australian currency became worthless as the leafs

India super power 2020

I'm genuinely terrified
will our country turn into another ASEAN shithole where sexpats come to have a weekend with our women and supply us with the majority of our income?
Should I be trawling through interpals to find a Norwegian/Irish/US gf to take me away form this soon-to-be shithole?

you rely on the mining industry and nothing else
the short answer is - it will decline a bit

New Zealand will surpass Australia

relax, GDP PPP just hasn't grown. nobodies making more money but nobody is losing any either. it's just the exchange rate fucking with nominal statistics.

The only proper solution is to start killing foreigners in the streets.

>49k
Not that bad desu

>why have i only found out about this now?
first worlders have it so easy. a drop like that here would trigger a social crysis, starvation and
ultimately a government change.

The fact that you didn't even notice it boggles my mind.

PPP is down a little. Was 51k in 2014, now down to 44k

according to your exports you mostly sell your natural resources.. gold, coal, petroleum, copper, iron, etc.
probably the prices fell and then your real GDP

>Absolute state of Australian """"""""industry"""""""""""

Wow, I guess India is the future.

That's what happens when you have a resource based economy.
We've had numerous threads about Russian GDP fall yet nobody noticed Canadian and Australian GDPs.

>australian wine

Well, we're not much better

world bank, the fluctuation is around 1%. probably within their calculating margin of error.

Well in economics at least, 1% can be a pretty big deal.

Don't you have it in every store? Not the most popular, but still present everywhere, at least here in Russia.

Fuck a*Stralia, this was the work of Swedes

you're PPP economy per capita is down 5% versus our's at around 1%. 1% is within a margin of error. 5% is not.

I think we're safe from people who can't even expand an image before saving it.

1% in gdp growth is large. 1% of the size of a overall economy is small.

desu Russia's economy shitting itself has more to do with sanctions than it does with price fluctuations so I dunno what Ivan is on about.

>implying I didn't minimize the image intentionally
I don't want to give a*Ssies anything for free

Yes, prepare your boipucci

Aussie wine is great though
USA wine too

Well I suppose so, but I still feel that 1% is rather significant regardless.

not really desu

Finland is the worst Nordic country.

It has less with the sanctions and more with oil prices.
>86189978
Overall GDP PPP is down by 4%, to be more correct, but it's not a secret your economy is stronger.
The thing is you're also affected by the prices fluctuation on a resource market.

Well that's because you're Finnic

>AUSPOORLIA

Are you saying you were not aware Australian are mineralniggers?

banana republic

ivan, we count from the top to current. your peak was 2013. your drop from 2013-2016 is 5.5%

norway GDP is dropping too

Was about to post it too.

Ch*nks hate you, so they stop investing on your country.

Isn't most of you're economy based on oil or something?

You're right, it's just your peak was in 2014, so I counted starting from 2014.

pretty much, and fish. This country doesn't have a future.

CHINESE OWN YOUR MINES NOW

THEY DON'T NEED TO PAY YOUR FAGGOT WORKERS ANYMORE BECUASE THEY HAVE ROBOTS TAKING STUFF FROM THE MINES AND DRIVING TRUCKS.

Oh come now I'm sure your nation isn't retarded and will diversify the economy, just don't be like Iraq.

>implying Canadian dollar didn't get 25% cheaper since the oil price crash in 2015

Your sovereign wealth fund grew 13.7% in 2017.

cnbc.com/2018/02/27/reuters-america-update-2-norways-wealth-fund-doubles-return-in-2017-as-stock-market-booms.html

It has more of a future than us at least

Is that true?
Norway purposefully refused to let international companies get the oil.
Ausfailians would be retarded to let chineses do that.

Well they already let them get their coal

Well, Russian ruble is now 50% cheaper, so his point still stands.
Talking about GDP PPP, in the period of 2014-2016:
Russia is 3,5% down
Canada is 0,4% up
Australia is 1,7% up
Norway is 9,2% down

no m8, just try to get more investment, it won't be hard in a country like Australia, and try to gain more industry.

I still remember how much Evo Morales had to take when he nationalized their oil. The change was huge.

Only South Australian wine is good.
Other Australian wine is pigswill, and American shit isn't even wine.

see

Could you recommend some brands?

>GDP per capita

Surprising that he didn't get freedomed.

Well they couldn't figure out where Bolivia was so the freedom delivery couldn't be mailed.

aussie and american/californian wine are apparently a thing

Nothing to do with the economy actually shrinking, with resources, NOTHING close to that

AUD just went down against the US $, nothing else, no need to worry

>I'm genuinely terrified

If this is what's got you terrified then you haven't been paying attention to how badly our has government mismanaged our economy for decades.