Filipino migrant workers contribute significantly to the Philippines economy through their remittances.
Azerbaijan was once one of the poorest republics in the Soviet Union. Thanks to the Baku-Tbilisi-Ceyhan oil pipeline, money is flowing, and Azerbaijan is now one of the wealthiest.
Italy’s economy experienced little growth starting in the late 1990’s, when the country’s manufacturing was overtaken by competitors in Asia.
Japan’s nominal gross domestic product (GDP) which is not adjusted for price and seasonal variations, was worth US $1.286 trillion dollars in the second quarter of the year (April-June), as compared to China with US $1.335 trillion dollars of the same quarter.
When a country’s economy is declining, recession usually follows. Anyone can easily notice in the decline of gross domestic product (GDP), increase of unemployment rate, decrease in trade which last up to six months to one year.