Quote:
Originally posted by ControlThy
Can you eleborate?
It is a well known fact that GDP per capita of EU citizens is quite a bit lower than US citizens, the main cause is lower productivity by our labor force.
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If you take the dollar fall into account the GDP per capita is about the same level in most of Western Europe compared to the US.
Example:
2002 - Exchange rate 1.06 Euros per dollar
USA $36300
Germany $26200
France $26000
UK $25500
Belgium $29200
Netherlands $27200
Norway $33000
Italy $25100
Adjusted for todays exchange rate (0.79 Euros per dollar)
USA $36300
Germany $35100
France $34800
UK $34200
Belgium $39100
Netherlands $36400
Norway $44200
Italy $33600