In this “very large” edition of Brookings Data Now: Brazil’s very large economy; video’s very large portion of the Internet; the very large number of U.S. jobs created and destroyed in one year; the very large student loan debt amount; and Africa’s economic growth that is not producing very large (or any) gains in employment.
World rank of Brazil’s economy, in terms of GDP
Brazil’s GDP in terms of US$ is ahead of Italy’s, a G7 nation, and on a per-capita basis surpasses China’s, one of the other BRICS countries.
Amount of Internet traffic attributable to video streaming
And videos are not just about entertainment anymore; they now include education and health care.
Number of private sector jobs created or destroyed in each quarter of 2012
In this churn, only 600,000 net jobs were created each quarter of 2012.
Outstanding U.S. student loan balance in 2013 (at least)
This amount exceeds any other type of household debt except mortgages.
Nigeria’s expected economic growth in 2014
Despite Nigeria’s growth outlook, and that of other parts of sub-Saharan Africa, it has failed to lead to job creation.