The Macro Ledger
Every economy, counted. A global comparative economics publication for professionals who need to understand how countries actually compare.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 21 | Founded | 3 months ago | Last Issue | 13 days ago |
| Active | |||||
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themacroledger.substack.comLatest Issues
The 19x R&D Gap: Israel to Mexico
Israel spends 5.6% of GDP on R&D. Mexico spends 0.3%. That 19x gap captures the divide between economies that invest in innovation and those that do not.
OECD MSTI data for 2022 shows S. Korea at 4.9%, the US at 3.5% and Japan at 3.3% in t...
Under Pressure: OECD's June 2026 Outlook
The OECD’s June 2026 Outlook shows the energy shock splitting economies into two camps: energy importers slowing and domestic-demand economies holding.
Three key findings:
- Japan’s growth was cut by 0.8pp, the largest G7 downgrade, d...
The World’s Household Debt Map, Q3 2025
Household debt is money that people owe. Mortgages, car loans, credit cards, personal loans. The BIS adds all of it up for 32 economies and divides by GDP. The result is one number per country: how much households owe relative to what the e...
IMF Spring 2026 Forecast: Growth Down, Prices Up
Key figures
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GDP: €4.2T
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Growth: 0.2%
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CPI: 2.2%
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Unemployment: 3.4%
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Debt/GDP: 61%
IMF cuts 2026 growth for 17 of 19 G20 economies as energy inflation keeps rates on hold across the G7.
Three key finding:...
The Energy Shock Has Reshaped the Global Balance of Payments
The IMF’s April 2026 World Economic Outlook puts the spread between the highest and lowest G20 current account positions at 17.4 percentage points of GDP. Norway sits at the top with a surplus of 14.0% of GDP. The United States sits at the...
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Every economy, counted.
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