Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's kind of laughable to compare States to countries in USD. Those countries you are comparing your States to don't in large part use your currency. I get paid in Canadian dollars and purchase or sell everything in my country in Canadian dollars. The only time I use USD is well - when I travel to the United States. Therefore, it would be more useful to me to convert my countries GDP from the USD figure above to a CAD dollar figure.
He just wanted to convert the data in the table to Canadian Dollars.
PPP is far more complex than what he was suggesting.
I don't think that's what he was asking.
"Those countries you are comparing your States to don't in large part use your currency. I get paid in Canadian dollars and purchase or sell everything in my country in Canadian dollars."
I don't think that's what he was asking.
"Those countries you are comparing your States to don't in large part use your currency. I get paid in Canadian dollars and purchase or sell everything in my country in Canadian dollars."
Literally word for word
"Therefore, it would be more useful to me to convert my countries GDP from the USD figure above to a CAD dollar figure."
"Therefore, it would be more useful to me to convert my countries GDP from the USD figure above to a CAD dollar figure."
Well, mine was word for word too. Maybe the person will chime in with what they were looking for. My point (and I believe the other poster's) is comparing GDPs of nations in $s is not particularly useful, hence PPP.
Well, I'm referring to size obviously. You need a certain amount of space to actually produce things. The Netherlands is much smaller than nearly all US states. Good luck starting a farm or a factory in the Netherlands whereas you can do that much more easily in the US.
Considering way more than half of the Netherlands is actually not working, being either retired or on some sort of welfare program, I'm still surprised all but 4 US states have a lower economical output than the Netherlands.
Are you serious? The Netherlands has one of the best workforces in the world and is highly productive. Far more equal and efficient than the USA.
The youth unemployment rate in the Netherlands is 7%. In the USA it's 8.5%.
The employment rate of the percentage of people with a job compared to the total percentage of working aged adults is 76% in the Netherlands and 60% in the USA.
The number of people on disability in the Netherlands is 10% compared to over 20% in the USA.
The number of people getting welfare from the government in the Netherlands is 2.7% compared to almost 33% of Americans getting some sort of welfare - mostly food stamps but across the board the USA has far more welfare and disability issues.
So GDP is useful when you travel in the US? I thought it was waaaay bloated numbers to you? But you did not refute the Canadian figure used in the previous thread. So all seems
I don't get what you are saying but i'll elaborate and hope it clarifies things for you.
GDP PPP (Purchasing Power Parity) Is more useful than nominal GDP because it accounts for localized factors such as relative cost of living and inflation rates rather than just exchange rates.
An example: Australia and Canada are comparable 1st world countries. According to the IMF, The nominal per cap GDP in Australia is 55,707 USD per year while Canada is only 45,077 per year. A 10K USD per year difference. This is very significant however when you account for cost of living and inflation rates between the two, the IMF ranks the GDP per cap PPP is 49882 USD for Australia and 48,142 USD for Canada. The difference is far less significant and is more relevant a measure to a person on the ground living in either country rather than a nominal rate.
Multinational or even domestic employers are aware of this stuff and adjust their salaries to account for these things.
Why would you care how much I pay for a can of coke in Canadian dollars when I buy that in Canada. I don't care how much you pay in USD for a can of coke in your State - it doesn't impact me. What impacts me is costs of goods in Cad dollars here. You should care about Canadian dollars when you come to Canada. With the exchange rate the way it is you'd probably be pretty happy about it. That said, if your employer relocated to Canada - they'd probably adjust your salary to account for localized Cost of Living, taxes etc.
If I had my way, i'd be making my CAD income in Canada but live in Thailand or Malaysia.. My money would stretch waaaaaay further there as would yours. That is called living large buddy!
Are you serious? The Netherlands has one of the best workforces in the world and is highly productive. Far more equal and efficient than the USA.
The youth unemployment rate in the Netherlands is 7%. In the USA it's 8.5%.
The employment rate of the percentage of people with a job compared to the total percentage of working aged adults is 76% in the Netherlands and 60% in the USA.
The number of people on disability in the Netherlands is 10% compared to over 20% in the USA.
The number of people getting welfare from the government in the Netherlands is 2.7% compared to almost 33% of Americans getting some sort of welfare - mostly food stamps but across the board the USA has far more welfare and disability issues.
Wow shocking and sobering statistics. I had no clue the number of people on disability in the U.S is 20% - that's crazy! Imagine if half of them went off disability entered the workforce.
Wow shocking and sobering statistics. I had no clue the number of people on disability in the U.S is 20% - that's crazy! Imagine if half of them went off disability entered the workforce.
Forget that America have more immigrants
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
