Economic miracle is an informal economic term for a period of dramatic economic development that is entirely unexpected or unexpectedly strong. Economic miracles have occurred in the recent histories of a number of countries, often those undergoing an economic boom or described as a tiger economy.

Great Divergence

• Commercial revolution (c. 1000–1760)

• Industrial Revolution (c. 1760–1840)

• Second Industrial Revolution (c. 1870–1914)

Post-World War II

• Swiss miracle (c. 1940s–2000s)

• Japanese economic miracle (c. 1950s–1973)

• Trente Glorieuses (France, c. 1945–1975)

• Record years (Sweden, c. 1947–1974)

• Wirtschaftswunder (West Germany and Austria, c. 1950s–1970s)

• Mexican miracle (c. 1940s–1970s) — term not used by economists

• Belgian economic miracle (1945–1948)

• Greek economic miracle (1950–1973) — eventually followed by downturn

• Italian economic miracle (c. 1950–1973)

• Spanish miracle (1959–1974)

• Costarrican Ochomogo economic miracle (1950–1979)

Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore, c. 1960s–1990s)

• Miracle on the Han River (South Korea, c. 1962–1997)

• Taiwan Miracle (1961–2000)

Later

Tiger Cub Economies (Indonesia, Malaysia, Thailand, the Philippines, and Vietnam, c. 2010s–present)

• Indonesian economic boom (1976–present)

• Malaysian miracle (1971–1997)

• Philippine economic boom (1986–present)

• Thai economic boom (1985–1997, 2001–2006)

• Đổi Mới (Vietnam, 1986–present)

• Brazilian Miracle (1968–1973)

• Miracle of Chile (1975–2010)

• Economic liberalisation in India (1991–present)

• Reform and opening up (China, 1978–present)

• Massachusetts Miracle (1980s)

• Polish economic miracle (1992–present)

• Gulf Tiger (Dubai city, c. 1990s–2008)

• Celtic Tiger (Ireland, c. 1995–2007)

• Belarusian economic miracle (1996-2014)

• Baltic Tiger (Estonia, Latvia, or Lithuania, c. 2000–2007)

• Tatra Tiger (Slovakia, 2002–2007)

• 2000s Turkish economic boom (Turkey, c. 2000–2018)

• Adriatic Tiger (Slovenia, 2004–2009)

• Carpat Tiger (Romania, 1991–2009)

References

Bibliography