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Totally Borked
Industry Role:
Join Date: Feb 2005
Posts: 6,284
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Quote:
Originally Posted by spunkmaster
Hey Mike,
This will shut them up:
New study compares GDP and growth:
EU versus USA
If the European Union were a state in the USA it would belong to the poorest group of states. France, Italy, Great Britain and Germany have lower GDP per capita than all but four of the states in the United States. In fact, GDP per capita is lower in the vast majority of the EU-countries (EU 15) than in most of the individual American states. This puts Europeans at a level of prosperity on par with states such as Arkansas, Mississippi and West Virginia. Only the miniscule country of Luxembourg has higher per capita GDP than the average state in the USA. The results of the new study represent a grave critique of European economic policy.
Stark differences become apparent when comparing official economic statistics. Europe lags behind the USA when comparing GDP per capita and GDP growth rates. The current economic debate among EU leaders lacks an understanding of the gravity of the situation in many European countries. Structural reforms of the European economy as well as far reaching welfare reforms are well overdue. The Lisbon process lacks true impetus, nor is it sufficient to improve the economic prospects of the EU.
EU versus USA is written by Dr Fredrik Bergström, President of the Swedish Research Institute of Trade, and Mr Robert Gidehag, until recently Chief Economist of the same institute and now President of the Swedish Taxpayer's Association.
http://www.timbro.com/euvsusa/ |
Playing with statistics like that is bullshit!
How the hell can you have a GDP for a State??? Those values must be GSPs and are uncorrected for inflation and purchasing credits from the US govt, whereas GDP is corrected for inflation in that country, purchasing power parity per capita, and then internationalised on an international $. If you're going to break down the US into States, then break down things even further and look at individual cities: London for example with a GDP of $52k is second only to District of Columbia.
You can spin figures anyway you want if you're trying to make a point!
Internation GDP per PPP capita:
Code:
Rank Country GDP
$ per capita
1 Luxembourg 69,800
2 Norway 42,364
3 United States 41,399
4 Ireland 40,610
5 Iceland 35,115
6 Denmark 34,740
7 Canada 34,273
8 Hong Kong 33,479
9 Austria 33,432
10 Switzerland 32,571
11 Qatar 31,397
12 Belgium 31,244
13 Finland 31,208
14 Australia 30,897
15 Netherlands 30,862
16 Japan 30,615
17 Germany 30,579
18 United Kingdom 30,436
19 Sweden 29,926
20 France 29,187
21 Italy 28,534
22 Singapore 28,368
23 United Arab Emirates 27,957
24 Republic of China (Taiwan) 27,721
25 Spain 26,320
26 Brunei 24,948
27 New Zealand 24,797
28 Israel 23,474
29 Netherlands Antilles, Netherlands 22,750
30 Greece 22,392
31 Slovenia 21,808
32 Bahrain 21,565
33 Cyprus 21,177
34 South Korea 20,590
35 The Bahamas 20,076
36 Malta 19,739
37 Portugal 19,335
38 Czech Republic 18,341
39 Barbados 17,610
40 Oman 16,862
41 Hungary 16,823
42 Equatorial Guinea 16,507
43 Estonia 16,414
44 Kuwait 16,301
45 Slovakia 16,041
46 Saudi Arabia 15,229
47 Saint Kitts and Nevis 14,649
48 Trinidad and Tobago 14,258
49 Lithuania 14,158
50 Argentina 14,109
51 Poland 12,994
52 Mauritius 12,895
53 Latvia 12,666
54 Croatia 12,325
55 South Africa 12,161
56 Seychelles 12,059
57 Chile 11,937
58 Libya 11,624
59 Antigua and Barbuda 11,523
60 Botswana 11,410
61 Malaysia 11,201
62 Russia 11,041
63 Uruguay 10,720
64 Costa Rica 10,434
65 Mexico 10,186
66 Bulgaria 9,223
67 Romania 8,785
68 Brazil 8,561
69 Thailand 8,368
70 Kazakhstan 8,318
71 Tunisia 8,255
72 Grenada 8,198
73 Turkmenistan 8,098
74 Iran 7,980
75 Turkey 7,950
76 Tonga 7,935
77 Belize 7,832
78 Republic of Macedonia 7,748
79 Belarus 7,711
80 Maldives 7,675
81 Dominican Republic 7,627
82 Saint Vincent and the Grenadines 7,493
83 Namibia 7,478
84 Colombia 7,326
85 Panama 7,283
86 Ukraine 7,213
87 People's Republic of China 7,198
88 Algeria 7,189
89 Gabon 7,055
90 Lebanon 6,681
91 Dominica 6,520
92 Saint Lucia 6,444
93 Cape Verde 6,418
94 Fiji 6,375
95 Samoa 6,344
96 Venezuela 6,186
97 Bosnia and Herzegovina 6,035
98 Peru 5,983
99 Suriname 5,683
100 Albania 5,405
__________________
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