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the fastest growing economies are almost all in poor countries with lots of people, and that's because wealth is spreading out. the rich countries can't get any richer and their population growth is low, but the poor countries can get a lot richer and they already have lots of people. it doesn't take a lot of wealth to turn a country with a per capita gdp of a couple thousand dollars into a world power if it has more than a hundred million people.
With increased globalism, there is a certain amount of money that is required to feed and shelter an individual. So, a country with a billion people and per capita income of 8,000 a year vs. a country with 200 million people and a per capita income of 40,000 a year have vastly different impacts on the global economy. At 8k a year the majority of the population is spending all of their money on food, gas, electricity and not on buying a new toyota.
Lastly, fast growing <> sustained growth until they reach 1st world levels.
Your claims of all the per capitas leveling out is like going to opening day for baseball and seeing a guy hit a home run. You then declare he's heading towards 162 home runs for the year.
Untrue. There are a lot of countries with a higher GDP per capita : sweden, norway, luxembourg, monaco, etc...
again, untrue, the Eurozone has got this year a gdp per capita higher than the US one. Eurozone is 320 millions of people.
of the 10 biggest economies in the world (or G8 countries) the US has the highest gdp per capita and the difference is about 5-10 thousand dollars. The biggest country in Europe with a higher gdp per capita than the US has about 10 million people.
the Eurozone which has 320 million people had a gdp of about 3.5 trillion dollars smaller than the US in 2006. At that time I think the US had less than 300 million people.
The EU (which includes the UK) has a slightly larger economy than the US but has about 200 million more people.
With increased globalism, there is a certain amount of money that is required to feed and shelter an individual. So, a country with a billion people and per capita income of 8,000 a year vs. a country with 200 million people and a per capita income of 40,000 a year have vastly different impacts on the global economy. At 8k a year the majority of the population is spending all of their money on food, gas, electricity and not on buying a new toyota.
Lastly, fast growing <> sustained growth until they reach 1st world levels.
Your claims of all the per capitas leveling out is like going to opening day for baseball and seeing a guy hit a home run. You then declare he's heading towards 162 home runs for the year.
how many of the world's major economies have ever had a gdp per capita that has exceeded America's ? I think the biggest economy is the Netherlands which has about 10 million people.
US gdp per capita is still really high, if it had the same population as places it's competing against (EU and China) there'd be no reason to think it was anywhere close to losing its place at the top. If the US had the same population as the EU its gdp would be about 40 percent bigger.
gdp per capita doesn't get you a lot of power on the world stage, a big economy does.
in terms of where the world's focus is it doesn't matter what a country's gdp per capita is or their population the total size of the economy is what gives it an edge on the global stage. the world's focus is being taken off of the high gdp per capita low growth countries and onto poor countries with lots of people like China, India, and Brazil.
of the 10 biggest economies in the world (or G8 countries) the US has the highest gdp per capita and the difference is about 5-10 thousand dollars. The biggest country in Europe with a higher gdp per capita than the US has about 10 million people.
the Eurozone which has 320 million people had a gdp of about 3.5 trillion dollars smaller than the US in 2006. At that time I think the US had less than 300 million people.
The EU (which includes the UK) has a slightly larger economy than the US but has about 200 million more people.
Could you post the sources for comparison please? I tried unavailingly to research the numbers above.
So the premise is that if Bermuda or Qatar or Canada etc. double their population that their gdp will double and per capita income will remain the same?
So the premise is that if Bermuda or Qatar or Canada etc. double their population that their gdp will double and per capita income will remain the same?
Not sure about Bermuda and Qatar but Canada should have no problem. The unemployment is low there's lots of jobs in the west and lots of land to live on.
Canada can't double their population at one time it would have started out larger 50-60 years ago.
Their gdp per capita would not have been less than half of what it is now which means their economy would be larger.
The reason that government is so ef'd up is because they do the very same thing--sit around with a bunch of statistics and charts and meaningless data-- growth-per-capita, income per household, child per couple, average square footage of the average dwelling, median life span, average car payment, daily calorie intake--and come up with erroneous conclusions from which they derive misbegotten policies which screw everybody even further.
You people should run for public office. You'd fit right in.
The reason that government is so ef'd up is because they do the very same thing--sit around with a bunch of statistics and charts and meaningless data-- growth-per-capita, income per household, child per couple, average square footage of the average dwelling, median life span, average car payment, daily calorie intake--and come up with erroneous conclusions from which they derive misbegotten policies which screw everybody even further.
You people should run for public office. You'd fit right in.
Sweet. If elected president of whatever country you are referring to, I will appoint you the Curmudgeon Czar so you can rant about squirrels stealing your bird food and the high cost of polydent.
of the 10 biggest economies in the world (or G8 countries) the US has the highest gdp per capita and the difference is about 5-10 thousand dollars. The biggest country in Europe with a higher gdp per capita than the US has about 10 million people.
the Eurozone which has 320 million people had a gdp of about 3.5 trillion dollars smaller than the US in 2006. At that time I think the US had less than 300 million people.
The EU (which includes the UK) has a slightly larger economy than the US but has about 200 million more people.
PARIS (Reuters) - The U.S. economy lost the title of "world's biggest" to the euro zone this week as the value of the dollar slumped in currency markets.
Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro.
today it's even not 1.56 but 1.60..
Do you understand what it means ?
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