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The '''Great Trenadian Miracle''' ({{wp|Galician language|Galego}}: {{lang|gl|Gran Milagre Trenadiano}}), also known as the '''Trenadian socioeconomic boom''' was the term coined by historians and economists to designate the period of massive economic growth and social prosperity in [[Trenado]], between the 1970's and the early 2000's. It is common for historians to define [[Rosemaria de Castro]]'s first administration (1973—1980) as the starting point for the country's development, though sources consider the Felix Mazon administration (1965—1972) to have kickstarted the era. | The '''Great Trenadian Miracle''' ({{wp|Galician language|Galego}}: {{lang|gl|Gran Milagre Trenadiano}}), also known as the '''Trenadian socioeconomic boom''' was the term coined by historians and economists to designate the period of massive economic growth and social prosperity in [[Trenado]], between the 1970's and the early 2000's. It is common for historians to define [[Rosemaria de Castro]]'s first administration (1973—1980) as the starting point for the country's development, though sources consider the Felix Mazon administration (1965—1972) to have kickstarted the era. | ||
[[File:14530072733 f6db7a4220 k.jpg|thumb|right|250px|[[Montevideu]] during the early 1980's.]] | [[File:14530072733 f6db7a4220 k.jpg|thumb|right|250px|[[Montevideu]] during the early 1980's.]] | ||
During this time period, Trenado's {{wp|GDP}} rose from 2-8% each year, with the highest percentage occuring in 1974 (around 11%). The {{wp|Human Development Index|HDI}} also grew in an accentuated manner, as the country stood among the 10 best-developed nations in the world. Between 1995 and 1997, Trenado had the best HDI in the world, with an average of 0.892. After the {{wp|2000s commodities boom}}'s effects began to lose further impact in the Trenadian economy, added to the political instability caused by the [[2004 Trenadian presidential crisis|presidential crisis]], the Great Trenadian Miracle is considered to have ended between 2004 and 2006. | During this time period, Trenado's {{wp|GDP}} rose from 2-8% each year, with the highest percentage occuring in 1974 (around 11%). The {{wp|Human Development Index|HDI}} also grew in an accentuated manner, as the country stood among the 10 best-developed nations in the world. Between 1995 and 1997, Trenado had the best HDI in the world, with an average of 0.892. After the {{wp|2000s commodities boom}}'s effects began to lose further impact in the Trenadian economy, added to the political instability caused by the [[2004 Trenadian presidential crisis|presidential crisis]], the Great Trenadian Miracle is considered to have ended between 2004 and 2006 giving way to the [[2000s socioeconomic crisis in Trenado|socioeconomic crisis]]. | ||
{{History of Trenado}} | {{History of Trenado}} | ||
[[Category:Events in Trenado]] | [[Category:Events in Trenado]] | ||
Revision as of 20:59, 28 September 2024
The Great Trenadian Miracle (Galego: Gran Milagre Trenadiano), also known as the Trenadian socioeconomic boom was the term coined by historians and economists to designate the period of massive economic growth and social prosperity in Trenado, between the 1970's and the early 2000's. It is common for historians to define Rosemaria de Castro's first administration (1973—1980) as the starting point for the country's development, though sources consider the Felix Mazon administration (1965—1972) to have kickstarted the era.
During this time period, Trenado's GDP rose from 2-8% each year, with the highest percentage occuring in 1974 (around 11%). The HDI also grew in an accentuated manner, as the country stood among the 10 best-developed nations in the world. Between 1995 and 1997, Trenado had the best HDI in the world, with an average of 0.892. After the 2000s commodities boom's effects began to lose further impact in the Trenadian economy, added to the political instability caused by the presidential crisis, the Great Trenadian Miracle is considered to have ended between 2004 and 2006 giving way to the socioeconomic crisis.
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