South Korea: The only middle power of its kind

Re:South Korea: The only middle power of its kind by yorwba on Tuesday August 03, 2021 @09:53AM (#28049174)

Economically, Japan's GDP per capita (measured in 2010 US$) was 39,240 in 1991 and grew to 49,000 in 2019, a 25% increase. Yes, it's slower growth than before, but slow growth is still growth, not stagnation. For comparison, New Zealand was at 38,345 in 2019: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?end=2020... (also threw in the graph for South Korea)

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Re:South Korea: The only middle power of its kind by Clewza313 on Tuesday August 03, 2021 @11:32AM (#28050411)

During that time the USD has suffered around 88% inflation measures by CPI, so in real terms that implies they're going backwards.

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Re:South Korea: The only middle power of its kind by oezi on Tuesday August 03, 2021 @02:05PM (#28052181)

When my parents went to Japan in the eighties they were shocked that coffee in Tokyo was 4 times as expensive as in Germany. When I visited in 2016 I was similarly shocked that a vending machine Coca Cola costs half of what it costs in Germany. Japan's deflation has led the country to be very affordable.

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Re:South Korea: The only middle power of its kind by spfzero on Tuesday August 03, 2021 @01:48PM (#28052015)

That's inflation in US prices. It may not be transferrable to another country, where various things cost more/less, and rise/fall differently through the years.

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