Wednesday, June 29, 2016

Brexit in figures


                                                     Brexit in figures

     Great Britain
    European Union
Inflation (CPI) p.a.
               0.1%
               0.5%
Population
             65 million
               508 million
GDP
           $ 3 trillion
              $ 18 trillion
Per Capita income
           $ 46,000
              $ 35,000
GDP Growth
               2.3%
                 1.3%
Below Poverty Line
                16.6%
               17%
Unemployment Rate
                 5.4%
                9.6%
Current Account Balance
        Deficit $ 60 billion
         Surplus $ 280 billion
Fiscal Deficit
                 4.38%
                2.9%
Exports
           $ 503 billion
               $ 3,182 billion
Imports
           $ 783 billion
               $ 2,902 billion


                   GB
                   EU
India’s exports to
            $ 8.8 billion
                $ 44 billion
India’s imports from
            $ 5.1 billion
                $ 43 billion

Annual trade between GB and UK is $ 575 billion.

BREXIT is in a way a vote against immigration. GB receives immigrants mainly from Romania, Poland, Spain, Portugal, Lithuania and Italy in descending order. There is net immigration from  GB to Austria.

 Per Capita income in Euro
 Unemployment Rate
UK
32,000
5%
Romania
  3,000
7%
Poland
  8,000
8%
Spain
20,000
22%
Portugal
12,000
12%
Lithuania
  6,000
9%
Italy
20,000
12%
Austria
28,000
5%

The table above demonstrates that lower p.c. income and / or higher unemployment rate in other EU countries are causing an exodus into GB. Brexitters want to stop this.
EU started with 6 members, 4 languages, 177 million people and $ 1.6 trillion (2014 prices) GDP. Now it has grown to 28 members speaking 24 languages, 505 million people with $ 19 trillion economy.


USA and EU: American investment in EU is 4 times their investment in entire Asia. EU investment in the USA is 8 times their investment in India and China combined.

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