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Oldenbarnevelt
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in the Dutch swamps
Sep 2001 time: 06:16
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Much more interesting than the GDP (yes, populous countries have a large GDP ) is the GDP per capita. Now here's the top 50 of 1999, from the same website:
1. Luxembourg 34,200
2. United States 33,900
3. Singapore 27,800
4. Switzerland 27,100
5. Monaco 27,000
6. Norway 25,100
7. Belgium 23,900
8. Denmark 23,800
9. Iceland 23,500
10. Austria 23,400
11. Japan 23,400
12. Canada 23,300
13. France 23,300
14. Netherlands 23,100
15. Liechtenstein ¹ 23,000
16. Germany 22,700
17. Kuwait 22,500
18. Australia 22,200
19. United Kingdom 21,800
20. Italy 21,400
21. Finland 21,000
22. Sweden 20,700
23. Ireland 20,300
24. Bahamas, The ¹ 20,000
25. San Marino ² 20,000
26. Israel 18,300
27. Andorra ³ 18,000
28. United Arab Emirates 17,700
29. Brunei 17,400
30. New Zealand 17,400
31. Spain 17,300
32. Qatar 17,000
33. Taiwan 16,100
34. Cyprus ¹ 15,400
35. Portugal 15,300
36. Greece 13,900
37. Malta 13,800
38. Bahrain 13,700
39. Korea, South 13,300
40. Chile 12,400
41. Czech Republic 11,700
42. Slovenia 10,900
43. Malaysia 10,700
44. Mauritius 10,400
45. Argentina 10,000
46. Nauru (1993 est.) 10,000
47. Northern Mariana Islands ³ 9,300
48. Saudi Arabia 9,000
49. Palau ² 8,800
50. Mexico 8,500
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Colon
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Antwerp, Colon's Chocolate Canard Country
Jan 1970 time: 06:16
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quote: 6. Norway 25,100
7. Belgium 23,900
8. Denmark 23,800
9. Iceland 23,500
10. Austria 23,400
11. Japan 23,400
12. Canada 23,300
13. France 23,300
14. Netherlands 23,100
15. Liechtenstein ¹ 23,000 |
Hah! 
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Roman
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Bratislava, Slovakia
Sep 2000 time: 05:16
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quote: Originally posted by Mark L
GDP per capita also doesn't say everything. Cost of living, and things like education and health care need to be taken into account. Also, the low exchange rate of the Euro probably has a lot to do with it too (though Luxembourgh is still extremely high, but it used to be a lot higher than in the US).
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These are PPP figures, so they do take into account the cost of living, education, healthcare, etc. US is doing so well because of the size of its market and its pro free market policies. These figures are old anyway, the US is even better now ($36,400), while Europe has hardly grown. Since the prices are already taken into account, the exchange rate of the Euro has nothing to do with the US and European rankings.
Perhaps the new Euro currency will enable Europe to take advantage of the economies of scale on the level of the US, but if Europe truly wants to catch up, it needs to start embracing the free market more.
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Dauphin
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Caught in a tuna net
Jan 1970 time: 05:16
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quote: Originally posted by Mark L
GDP per capita also doesn't say everything. Cost of living, and things like education and health care need to be taken into account. Also, the low exchange rate of the Euro probably has a lot to do with it too (though Luxembourgh is still extremely high, but it used to be a lot higher than in the US). |
On a related issue, what is the spread of the wealth in the various countries like. If two countries have the same GDP per capita it could be split in a variety of proportions:
e.g GDP per capita $20,000; population 10m
1) Everyone earns $20,000
2) 1m earns $110,000, the other 9m earn $10,000.
3) 1m earns $191, 000 the others $1,000
OK that not be how it would work out but you get the idea.
Basically given that the US has a lot of multi-millionaire income people how much does that skew the results? Include in the fact that the income divide is a lot smaller in Europe and the ROTW.
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