The Middle Class of Emerging Markets (stats)

Some stats from an article today by Barney Gimbel called The New New World Order.

The 54 developing markets surveyed by Global Insight will post a 6.7% jump in real GDP this year

  • down from 7.5% last year
  • The 31 developed countries will grow an estimated 1.6%

The middle class in China is expected to multiply sevenfold by 2020

  • to 700 million people

The middle class of India is expected to multiply by tenfold

  • to 583 million people

New homes require building materials

Since 2000 the prices of steel, oil, and copper quadrupled

Wal-Mart’s (WMT, Fortune 500) international sales grew 17.5% this year

  • triple the US
  • now constitute 24% of the company’s total revenue, up from 8.9% a decade ago

Inflation

India inflation rose to above 8% in May

  • below 4% last August

Chinese inflation was 7.7% in May

  • up from 1% in early 2006

Ukraine and Venezuela see inflation at 30%
Vietnam is experiencing 25% inflation

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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