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What would be for you a gdp per capita which makes a european city wealth/rich(ok,I know gdp per capita is not perfectly accurate,but it's a good start).30.000 euros would be enough for you?
What would be for you a gdp per capita which makes a european city wealth/rich(ok,I know gdp per capita is not perfectly accurate,but it's a good start).30.000 euros would be enough for you?
Looking at GDP per capita for cities is meaningless, because the wealth can be concentrated among some rich people, or taken by the government. For instance London has a very high gdp per capita, but the people living in London are not that rich. I would rather look at GDP per capita (PPP) for the whole country. This is how I would rank it
GDP per capita does not represent the wealth of people, it represents the value added produced in an area, divided by the number of the people living in this area.
GDP is calculated at workplace, a poor worker produces more than a wealthy retired.
An area with a high number of job but a low number of inhabitants will have a much higher GDP per capita than a very residential area, no matter the wealth of the population.
GDP per capita does not represent the wealth of people, it represents the value added produced in an area, divided by the number of the people living in this area.
GDP is calculated at workplace, a poor worker produces more than a wealthy retired.
An area with a high number of job but a low number of inhabitants will have a much higher GDP per capita than a very residential area, no matter the wealth of the population.
A few good examples:
GDP per capita, PPP adjusted, EU=100 (data from Eurostat):
But Starnberg is probably the most affluent Kreis in Germany.
GDP per capita is not a good measurement for the wealth of the population. Eurostat publish also a different measurement (Actual individual consumption):
But all those comparisons fail because of flawed PPP adjustments. Eurostat isn't even able to collect accurate figures for food prices in different European countries.
Last edited by lukas1973; 03-07-2016 at 04:31 AM..
Looking at GDP per capita for cities is meaningless, because the wealth can be concentrated among some rich people, or taken by the government. For instance London has a very high gdp per capita, but the people living in London are not that rich. I would rather look at GDP per capita (PPP) for the whole country. This is how I would rank it
This is still not perfect because a country could have a few very well developed rich areas, but then the rest of the country is very poor and rural. I think you should look at the subdivisions of the country, especially if it's a large country.
This is still not perfect because a country could have a few very well developed rich areas, but then the rest of the country is very poor and rural. I think you should look at the subdivisions of the country, especially if it's a large country.
If that is the case, then the country is richer on average.
Looking at subdivisions doesn't work. For instance an area could have high GDP per capita due to oil, but the wealth gained from the oil is shared to the whole country. Another example would be an area with a lot of rich people, that area will have higher GDP per capita, even though the wealth is created elsewhere.
Just look at your link about Russia, the richest area is Tyumen Oblast, not Moscow. This area is supposedly as rich as Norway. Lets take a look at their capital Tyumen. Does it look very rich, like Norway is?
Norway has nicer natural surroundings, but to be fair... Oslo's residential architecture is not that much different than what's in those Russian photos. It doesn't have the taller buildings but the shorter buildings in the photo are quite similar to what you'll see in Oslo (and all of Scandinavia and Germany for that matter).
Another example would be an area with a lot of rich people, that area will have higher GDP per capita, even though the wealth is created elsewhere.
You don't know how GDP work because it is precisely the opposite.
It not the wealth of the people that matter but where the wealth is created (where people work).
A very residential suburb with a wealthy population will have a low GDP per capita.
A business area with a small and poor population will have a high GDP per capita.
Norway has nicer natural surroundings, but to be fair... Oslo's residential architecture is not that much different than what's in those Russian photos. It doesn't have the taller buildings but the shorter buildings in the photo are quite similar to what you'll see in Oslo (and all of Scandinavia and Germany for that matter).
So you are trying to prove that this area in Russia is similar to Norway by picking the worst area you could find in Oslo. It still looks way better. And actually the majority of Norwegians live in houses, not apartments.
If pictures are not enough for you, we can compare standard of living too. According to Numbeo this "superrich" city Tyumen has much lower purchasing power. Obviously regional GDP is not a good indicator.
Quote:
Originally Posted by Minato ku
You don't know how GDP work because it is precisely the opposite.
It not the wealth of the people that matter but where the wealth is created (where people work).
A very residential suburb with a wealthy population will have a low GDP per capita.
A business area with a small and poor population will have a high GDP per capita.
Actually you know nothing about how GDP work. GDP is calculated by adding all transactions together in a certain area. If a rich person buys a expensive gold watch, then GDP increases.
Rich people tend to buy expensive things, so its not hard to guess what happens with the local GDP per capita.
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