Tourism is increasingly becoming a major industry for many countries. International travel is growing in many emerging countries due to rising income levels and easier access to travel abroad. Globally, tourism spending totaled US$1.03 trillion in 2011 for increase of 3.8% over 2010 levels. The top three countries in international tourist arrivals ranked in order are France, …
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During the great recession between 2006 and 2009 the unemployment rate in advanced countries increased more than in emerging countries. However the change in unemployment between developed countries rates has varied significantly. Some countries such as Australia and Japan fared better while countries like Spain, Ireland, etc. experienced a strong growth in the unemployment rates. …
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U.S. companies save more than governments and individuals. This is especially true in the past few years as companies started hoarding cash instead of reinvesting them or distributing them to investors. According to one estimate, U.S. corporation held more than $1.7 Trillion in cash and equivalents at the end of March this year. The chart below shows the gross national savings between …
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The current population of U.S. is about 314 million or about 5% of the world’s total population. The 15.0$ Trillion U.S. economy is the largest in the world and accounts for nearly one-fourth of the world’s total GDP. Though the U.S. is separated from the rest of the world by oceans on two sides, an …
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Source: The World Bank