We asked Chat GPT to analyze our IBCircle World Poker results over the years versus IMF actuals… This is what it came up with!
IBCircle World Poker in action
Overview
The IBCircle (IBC) endeavors to provide information and resources to businesses operating in the global marketplace. The IMF (“International Monetary Fund”) is an international organization that provides financial assistance to countries experiencing economic difficulties.
Background
The data garnered during the IBC’s annual World Poker event (January, each year) shows the rankings of countries by IBC attendees as compared to IMF actuals for 2020, 2021, and 2023 to-date+. The IBC focuses on the factors that are most important for businesses, such as the ease of doing business, the quality of infrastructure, and the level of corruption. The IMF, on the other hand, focuses on the factors that are most important for the economy as a whole, such as the size of the economy, the level of debt, and the rate of inflation.
The data shows that there is a significant correlation between a country's business environment and its economic strength. Countries with strong business environments tend to have strong economies, and vice versa. This is not surprising, as a strong business environment provides several benefits for businesses, such as access to capital, educated and/or skilled labor, a stable legal system with strong laws and regulations that protect property rights and promote competition, and a favorable tax environment. These benefits, in turn, help businesses to grow and create jobs, which contributes to economic growth.
IBC Members Guestimates vs. Actual GDP Growth
The data provided by IBC and garnered from the IMF via Google Bard (AI agent) shows that many of the countries that rank highest in the IBC and IMF are also the countries that have strong legal and regulatory environments, skilled workforces, and favorable tax environments. These countries are well-positioned to succeed in the global economy. Also, many top growth countries are in the northern hemisphere, especially Asia, with a few exceptions being in northern Africa and the southern ASEAN countries.
Here is a more detailed analysis of the data:
+ Small countries were not included in the analysis due to the potential for large percentage point swings in GDP due to their size
2020
In 2020, the top five countries in the IBC rankings were:
1. China
2. Kazakhstan
3. Vietnam
4. Uzbekistan
5. India
The top five countries in the IMF rankings were:
1. India
2. Philippines
3. Malaysia
4. Vietnam
5. China
As you can see, there is a strong correlation between the two rankings. China, India, Malaysia, Philippines, and Vietnam all rank high in both the IBC and IMF rankings. These countries all have strong legal and regulatory environments, skilled workforces, and favorable tax environments.
2021
In 2021, the top five countries in the IBC rankings were:
1. Indonesia
2. Vietnam
3. China
4. USA
5. South Korea
The top five countries in the IMF rankings were:
1. India
2. China
3. Vietnam
4. Bangladesh
5. Indonesia
Again, there is a strong correlation between the two rankings. China, Indonesia, Philippines, South Korea, Thailand, Vietnam, and Bangladesh all rank high in both the IBC and IMF rankings. These countries all have strong legal and regulatory environments and skilled workforces.
2023 to-date
In 2023, the top five countries in the IBC rankings were:
1. China
2. India
3. Brazil
4. Mexico
5. Vietnam
The top five countries in the IMF rankings were:
1. India
2. China
3. Vietnam
4. South Korea
5. Canada
Once again, there is a strong correlation between the two rankings. China, India, and Vietnam all rank high in both the IBC and IMF rankings. These countries all have strong legal and regulatory environments, skilled workforces, and favorable tax environments.
Overall, the data you provided shows that there is a strong correlation between the IBC and IMF rankings. Countries that rank high in the IBC tend to also rank high in the IMF. This suggests that there are certain factors that are important for both business success and economic stability. These factors include a strong legal and regulatory environment, a skilled workforce, and a favorable tax environment. Countries that have these factors in place are well-positioned to succeed in the global economy.
However, there are some exceptions to this trend. For example, in 2021 and 2023 to-date, the USA was in the IBC’s top rankings but did not rank in the top 10 in the IMF rankings.
Overall, the data provided provides a valuable overview of the factors that contribute to business success and economic stability. By understanding these factors, businesses can make informed decisions about where to locate and operate, and shows that IBC members have a keen sense of the evolving global marketplace.