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You should learn basic economics. International GDP calculation are different country by country! French method does not include what other European countries include like some immaterial goods, drug, prostitution.
And you know why?
Just to be smaller in terms of GDP to avoid paying too much money to EU.
But yes most European countries use a similar method.
PS: GDP and GDP per capita are useless to compare different countries.
Median and average wealth per adult is much more accurate.
No, you obviously don't understand the matter. It doesn't make sense to compare GDP figures by just using the exchange rates. The price level in all those areas differs strongly. For example, the rent for a ramshackle hut in rural Massachusetts is much higher than the rent for a nice state-of-the-art house in rural France. It's absurd that a run down house is allegedly more valuable than a state-of-the-art house.
with a euro / dollar at 1.11 it is true!
But don't forget GDP calculation is very different between the USA and France.
USA added a lot of immeterial goods to boost GDP.
China did it yesterday too...and added 125 billion euros thanks to a new calculation method...
Did you know that with some methods you can easily boost your GDP by 20%?
It's plain dumb to compare the GDP of two countries or areas by using the exchange rate. The GDP in California is boosted by absurd high prices, especially rents. A tiny 10m² "apartment" in San Francisco contributes after those GDP statistics more to the GDP than a nice 80m² apartment in Lyon. Even Paris is ridiculous cheap compared to San Francisco.
LOL, why you don't understand that the living standard in Europe is independent from the exchange rate EUR/USD? The prices in our stores aren't in USD.
It doesn't matter whether the GDP of California is higher or lower than the GDP of France. You can't compare the GDP of those areas by using the exchange rate.
No, you obviously don't understand the matter. It doesn't make sense to compare GDP figures by just using the exchange rates. The price level in all those areas differs strongly. For example, the rent for a ramshackle hut in rural Massachusetts is much higher than the rent for a nice state-of-the-art house in rural France. It's absurd that a run down house is allegedly more valuable than a state-of-the-art house.
Location, location, location. One of the fundamentals of real estate.
Which is one of the many reasons that I don't live in a huge metro area in a 600 square foot apartment.
EUR/USD was already 1.4 and it came down all the way here and QE is continuing
It'll probably be 0.8-0.9 before 2020.
Cause Germans don't let them operate there
No. Many large American companies had issued bonds in 2008 in Euro (because of lower interests). Those bonds are payable in 2018. Then companies will demand much more Euros to be able to pay the bonds. The Euro will raise.
Meanwhile the Euro zone achieves large current account surpluses and the debt as a percentage of GDP is falling. The situation is completely different in the U.S. The U.S. has huge current account deficits and debt as a percentage of GDP is raising and raising.
No. Many large American companies had issued bonds in 2008 in Euro (because of lower interests). Those bonds are payable in 2018. Then companies will demand much more Euros to be able to pay the bonds. The Euro will raise.
Meanwhile the Euro zone achieves large current account surpluses and the debt as a percentage of GDP is falling. The situation is completely different in the U.S. The U.S. has huge current account deficits and debt as a percentage of GDP is raising and raising.
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