Re:Why America's economy is soaring ahead of its rivals
by dukeyukey on Thursday December 05, 2024 @11:29AM
(#42329668)
> The average citizen in EU is much better than the one in China/India despite what the PPP numbers suggest as GDP per captaincy matters more.
I mean, the PPP numbers say the average citizen in the EU is way better off thant he average in India or China, so eh?
Re:Why America's economy is soaring ahead of its rivals
by cscurmudgeon on Friday December 06, 2024 @12:30PM
(#42341912)
No they don't. By PPP, China comes out #1.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
GDP PPP is meaningless for both geopolitical power and what it means for the average citizen.
The average citizen in EU is much better than the one in China/India despite what the PPP numbers suggest as GDP per captaincy matters more.
China and Russia resort to bartering due to US sanctions because GDP matters, and not GDP PPP [1].
PPP should be used to compare only similar countries like USA/Canada/UK or those in EU. Or countries in SEA.
[1] https://www.intellinews.com/china-russia-to-reintroduce-bart...