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 GDPBrazil’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. |
|
| 30% |
Amount of Internet traffic attributable to video streamingAnd videos are not just about entertainment anymore; they now include education and health care. |
| 13.4 million |
Number of private sector jobs created or destroyed in each quarter of 2012In this churn, only 600,000 net jobs were created each quarter of 2012. |
| $1.2 trillion |
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 2014Despite Nigeria’s growth outlook, and that of other parts of sub-Saharan Africa, it has failed to lead to job creation. |
Commentary
Brookings Data Now: Brazil’s Economy Is 7th Largest in World
May 8, 2014