Saturday, November 3, 2018

Relative size of world economies


5 comments:

  1. And that's why when the US economy catches a cold, the rest of the world catches economic cancer.

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  2. These are nominal GDP data, and they are highly misleading. For example, if ppp data are used, Russia’s GDP is about 10% larger than Germany’s. Comparing what the two economies actually produce, the ppp data are more reliable.

    I don’t have the data for China and the US at hand, but I wouuld not be surprised if China’s is as large in ppp.

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    Replies
    1. Larger according to this https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

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  3. Interesting that basically, the economy is divided into thirds between the U.S., Europe and the Orient.

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  4. The colonizers were eager to seek the wealth that lay in Africa.
    I can see the ones that went for the coaling stations for the fleet but for the rest?
    A continent built on diamonds and gold produces almost nothing.
    It's a staggering graph and I was going to put it up at the fount of knowledge.

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