Economic miracle
Economic miracle is an informal economic term commonly used to refer to a period of dramatic economic development that is entirely unexpected or unexpectedly strong. The term has been used to describe periods in the recent histories of a number of countries, often those undergoing an economic boom, or described as a tiger economy.
Post-World War II
See Post-war economic boom.
- Record years in Sweden, from 1946-47 to 1974, in which the GDP per capita increased from around USD 1500 in 1947 to USD 24000 in 1974.
- Wirtschaftswunder - Post-World War II economic growth in Austria and West Germany
- Trente Glorieuses - Post World War II economic growth in France (c. 1945-1975)
- Greek economic miracle (c. 1950s-1970s)
- Japanese post-war economic miracle (c. 1955-1975)
- Italian economic miracle (c. 1950-1973)
Later
- Spanish miracle (1959–1974)
- Four Asian Tigers (Taiwan, South Korea, Hong Kong, Singapore, c. 1960s-1990s)
- Miracle on the Han River (South Korea, c. 1962-2007)
- Taiwan Miracle
- Tiger Cub Economies (Indonesia, Malaysia, the Philippines, and Thailand)
- Brazilian miracle (1968–1973)
- Miracle of Chile (c. 1970s-present)
- Chinese economic boom (1978–present)
- Massachusetts Miracle (1980s)
- Gulf Tiger
- Anatolian Tigers (Turkish cities)
- Celtic Tiger (Ireland, c. 1990s-2001, 2003–2006)
- Nordic Tiger (Iceland)
- Indian economic boom (1991–present)
- Baltic Tiger (Estonia, Latvia, Lithuania, c. 2000–2008)
- Tatra Tiger (Slovakia, c. 2000–2008)