Five charts to start your day

Ireland versus the United Kingdom

Here’s an interesting chart from World of Statistics. It’s Ireland versus Britain. Ireland, the Celtic Tiger, boasts a GDP per capita that would make Croesus blush: a staggering $103,685, more than double its larger neighbour' the United Kingdom at $48,867.

However, if you dig a little deeper, Ireland’s workers only pocket a mere 30.6 percent of this GDP, while their British counterparts claim a heftier 59 percent slice of a much larger pie.

Ireland's meteoric rise owes much to its role as a corporate tax paradise, luring tech giants and pharma behemoths to its shores.

The result? A GDP figure inflated by accounting gymnastics and profit-shifting, creating a statistical mirage of prosperity. Meanwhile, across the Irish Sea, Brexit-battered Britain grapples with stagnant wages and a cost-of-living crisis. Its more diversified economy has struggled to find its footing in a post-EU world.

The lessons are clear: GDP per capita, that darling of economists, can be a fickle friend. Ireland's dual economy – a thriving multinational sector alongside struggling domestic industries – highlights the perils of chasing headline figures at the expense of balanced growth. For Britain, a higher labour share offers cold comfort amidst broader economic malaise.

Both nations face challenges, but GDP data from the UK seems more grounded in reality.

Source: World with Statistic

Coming up:

• Alphabet income statement visualised

• Tech has been trading at valuation multiples last seen in 2002

• Electric vehicles are piling up at dealerships

• Internet speeds across Europe vary wildly

If you like the sound of that line up, this is usually a paid newsletter. You basically get all my best ideas daily. Hit the subscribe button if you are interested and this will be sent to your inbox daily.

---