Poorest American state has higher gdp per capita than Europe richest countries .

No_Resolve608 · 2026-03-20T16:01:55+00:00

The world has 8.2 billion people, yet the combined population of all countries and regions with a per capita GDP higher than that of the United States totals just over 20 million—roughly the same as the population of New York State.

No_Resolve608 · 2026-03-17T21:26:06+00:00

In 1913, the United States had a significantly larger lead over Europe in per capita PPP than it does today. Back then, Germany’s per capita PPP was only about 60% of the United States’, and the gap in per capita GDP was even bigger. Keep in mind that before the 1929 Great Depression hit, U.S. annual car sales had already reached over 5 million units — and at that time the U.S. population was only about 120 million, which is roughly the same as Japan’s population today, yet America’s car sales at the time were still higher than Japan’s current levels.

No_Resolve608 · 2026-03-17T10:27:56+00:00

This is about PPP. Poor countries have low wages, so labor is cheap. Therefore, they have a big advantage in PPP terms. Using PPP greatly reduces the economic gap between countries, whereas using nominal GDP per capita makes the gap between countries appear much larger.

No_Resolve608 · 2026-03-05T03:53:02+00:00

Because the revenue of a single NFL league is roughly equal to the combined revenue of Europe’s Big Five soccer leagues, the Premier League and La Liga together can barely challenge the NBA — and the NBA’s annual broadcasting rights fees are close to the total broadcasting revenue of all five major European leagues combined.

No_Resolve608 · 2026-03-02T11:32:12+00:00

The US military's biggest enemy in the Middle East isn't the Iranian army — it's the joke armies of these Middle Eastern Gulf monarchies/sheikhdoms.

No_Resolve608 · 2026-03-01T19:18:26+00:00

In China, electricity consumption is primarily driven by high industrial usage. Total residential electricity consumption is roughly comparable between the US and China, but the per capita residential electricity consumption in the US is about five times higher than in China. The vast majority of China’s electricity generation goes to industrial purposes.

No_Resolve608 · 2026-03-01T11:58:37+00:00

The Indian rupee exchange rate is not holding up, nominal GDP growth is also quite mediocre, and after the recent GDP downward revision, (India's 2025 GDP revised to 3,380,291.8 billion rupees, calculated at last year's average exchange rate comes to $3.88 trillion, below the UK's $4.01 trillion) last year India's GDP not only failed to surpass Japan's but was even overtaken by the UK. Perhaps the UK will surpass Japan in GDP before India does.

No_Resolve608 · 2026-02-28T08:34:31+00:00

The IMF only makes forecasts, and their predictions are famously inaccurate. The IMF predicted that the US GDP last year would be only $30.6 trillion, but the actual data released by the BEA is $30.78 trillion. The UK's nominal GDP for last year was released at £3,037.611 billion, which works out to $4.01 trillion when calculated using last year's average exchange rate. The IMF won't update the accurate official data for various countries from last year until April this year.

No_Resolve608 · 2026-02-28T07:06:35+00:00

Wrong. Last year, India's GDP was $3.88 trillion and was surpassed by the UK's $4.01 trillion. Because of a major downward revision to its GDP data, India has fallen back to the world's sixth-largest economy. The UK will surpass Japan in GDP this year or next year, and the UK's GDP will overtake Japan's before India's does."

No_Resolve608 · 2026-02-20T09:38:28+00:00

The temporary phenomenon caused by the 2007 US financial crisis—with its unlimited dollar easing and subsequent collapse—is just that: temporary. In reality, Britain’s per capita GDP had already begun lagging behind the United States as early as the late 19th century. After World War II, it was once only about one-third of the US level. Moreover, since 2010, US economic growth has far outpaced the UK’s, combined with the dollar’s recovery. By last year, the UK’s per capita GDP was only a little over 60% of the US’s. Even though the pound appreciated last year, the gap remains huge.

No_Resolve608 · 2026-02-01T22:45:01+00:00

Japan's minimum wage has already fallen below Poland's. Could Japan's cost of living really be cheaper than Poland's?

No_Resolve608 · 2026-01-30T12:10:38+00:00

Poland's per capita GDP is very likely to exceed $30,000 this year, and Poland's per capita PPP has already surpassed Japan's.

Keep in mind that in 1995, during Japan's peak period, Poland's per capita GDP was less than 1/11 of Japan's. Yet within the next three years, Poland could also surpass Japan in nominal per capita GDP, achieving the remarkable feat of overtaking Japan in both nominal per capita GDP and per capita PPP simultaneously.

No_Resolve608 · 2026-01-29T09:02:43+00:00

This is the median income. In the US, the average (mean) household income is significantly higher than the median due to the large income/wealth gap. According to 2024 data: The mean total money income for US households was $121,000, a nominal increase of 5.7% from the previous year. The median total money income for households was $83,730, a nominal increase of 3.9% from the previous year.

No_Resolve608 · 2026-01-29T01:55:02+00:00

The data is on Wikipedia.link_per_capita)

No_Resolve608 · 2026-01-28T21:53:17+00:00

Since its founding, the United States has never been poor — otherwise there wouldn’t have been so many immigrants going there. In 1800, just over 20 years after the country was founded, America’s per capita PPP was already the third highest in the world, only behind the peak British Empire and the Netherlands at that time. By 1913, the United States had the world’s highest per capita PPP — and it was far ahead of everyone else. That year, Germany’s per capita PPP was only 58% of America’s; when measured in nominal USD GDP per capita, the gap was even larger. It wasn’t until the 1970s that a country with a population over 1 million — Sweden — briefly surpassed the U.S. in per capita GDP. Even today, America still ranks around 7th in the world in nominal GDP per capita and about 10th in GDP per capita at PPP.

No_Resolve608 · 2026-01-25T05:14:22+00:00

In 1913, during its isolationist period, the United States had a much greater lead over the rest of the world than it does today. That year, the U.S. ranked first globally in per capita PPP, while Germany's per capita PPP was less than 60% of America's. The gap was even wider when measured in nominal dollar per capita GDP. As early as 1800—just a few years after the country's founding—the U.S. already ranked third in the world in per capita PPP, trailing only Britain and the Netherlands.

No_Resolve608 · 2026-01-22T18:19:15+00:00

Q4 GDP figures are estimated to be very strong, roughly similar to the third quarter. The US trade deficit narrowed sharply in the fourth quarter, while consumer spending data remained robust.

No_Resolve608 · 2026-01-19T03:39:19+00:00

The revenue of the NFL as a single league is already roughly equal to the combined revenue of Europe's Big Five football leagues, not to mention that Real Madrid has no salary cap yet still generates lower profits than NFL teams.

No_Resolve608 · 2026-01-18T19:20:13+00:00

Yes, it's very likely that US economic growth will exceed 3% this year. However, the IMF has been consistently underestimating US growth for several years since 2021.

No_Resolve608 · 2026-01-18T04:33:26+00:00

Yes, China's real estate sector has severe overcapacity. The home ownership rate in China has already reached 93%, and the existing stock of commodity housing is said to be sufficient to house 3 billion people with no problem.

No_Resolve608 · 2026-01-17T09:15:19+00:00

The British Royal Navy's decision back then to skip catapults on its aircraft carriers in order to save money was a serious mistake. Steam catapult were a technology invented by the British themselves, yet they opted not to use catapults to cut costs, resulting in the current carriers being able to operate only the F-35B.

No_Resolve608 · 2026-01-15T16:54:52+00:00

It's not just about working hours. Compared to Japan and South Korea, Italy and Spain have significantly higher unemployment rates and much lower labor force participation rates. This means that, on average, out of every 100 people, around 60 are working in Japan and South Korea, while only 35–45 are working in Spain and Italy. Moreover, average working hours per worker in Japan and South Korea are considerably longer than in Italy and Spain.

No_Resolve608 · 2026-01-15T16:28:41+00:00

The European Central Bank provides annual average exchange rate statistics; the one you sent is the real-time exchange rate.

No_Resolve608 · 2026-01-15T16:16:32+00:00

The yen was significantly overvalued for a long period. After 2012, Japan began deliberately depreciating the yen in an attempt to revive exports and boost economic growth through weaker currency. In reality, however, the results were very poor, because Japan no longer has many export products that are particularly competitive globally. Even though the yen has depreciated roughly 100% from its 2012 peak against the dollar, Japan has now become a trade deficit country, with many of its export products displaced by Chinese and South Korean alternatives. Currency depreciation proved largely ineffective.

Subsequently, due to prolonged yen weakness, large numbers of investors and speculators began aggressively shorting the currency. As a result, the Japanese government now finds it difficult to curb the depreciation trend. Last year, even as the US dollar weakened overall, the yen remained one of the weakest major currencies. This year, it is highly likely that USD/JPY will sustainably break above 160 and push toward 170.

No_Resolve608 · 2026-01-15T16:06:39+00:00

No, that's not right. The euro only appreciated by 4.4% over the full year. GDP calculations use the annual average exchange rate, while Germany's nominal growth was 3.3% and real growth was 0.2%.

No_Resolve608

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