2015 GDP

my only thought is that Switzerland cuts an impressive figure

good for the uk

I just hope by the time China will rule the planet they'd fix their autism.

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>>53387440
>11th again

>>53387440
Kinda meehhh

>>53387440
>Mexico above Argentina in first chart by a large margin
>Argentina not even listed in second chart

Argentina loses again :^)

>>53387440
>Russia below Asstralia
RUSSIABOOS ON SUICIDE WATCH

So, can /int/ explain GDP PPP to me?

My thoughts:
Say WashingMachinia, a hypothetical country, produces nothing but 100 washing machines a year. In Washingmachinia money, this is worth 100 Capsules (the local currency of Washingmachinia), which is equal to $400. So it has a nominal GDP of $400.
However in America, those 100 washing machines would cost $800. So the GDP PPP is $800.

Correct?

>>53388495
GDP nominal is used when it suits you.
GDP PPP on the other hand is used when it suits you.

That's how I understand it.

>>53387440
>have 1.2 billion people
>barely more GDP than us
How

>india
wow ! now imagine if they added loos to the economy !

>>>53387440 (OP)
"Last year, as we were doing the hard work of imposing sanctions along with our allies, some suggested that Mr. Putin's aggression was a masterful display of strategy and strength,” Obama said.
Maybe becouse you kill my ecomonic?

>>53388996
>>53388204

>>53388996
>>53389043
You're all poor anyway, not like you would notice any difference.

>>53388093
>poland

Of course

>>53387626
We are still under-performing, this isn't good enough

>>53388579
Okay guys here's the simple nominal versus PPP answer to settle the perrenial debate.

Nominal:
Lots of fluctuations
Exchange rates are generally not free floating
Doesn't measure living standards well
Accurate for trade measurement and financial services

PPP:
Measures living standards well
Less volatile
Inaccurate for trade and financial services
Overestimates some countries economic power (power being ability to utilize the economy to make other countries do what you want)

The best measurement:
An IMF based measurement of the nominal GDP value in terms of the six major currencies averaged over 5 years. This averages the best traits of both PPP and nominal.

>>53389833
>3 years

Also, if you actually think Putin has an affect (positive or negative) on the economy, you might as well compare 2000 to 2015.

>>53387750
We've been losing for a while now, my friend

Why is spain so high just nuke us we can't do anything since the empire started to fall apart

>>53391412
>Why is spain so high

Our government is good at faking data.

>switzerland
>8m ppl
>677b


god we're such a fuck up

>>53390748
>Measures living standards well
>India at number 3
I have to call bullshit Tbh farn

finland loses again :D

>Argentina
>579 billion dollars
I don't think so, exchange rate ARS/USD went down like 50% in just one day.

>>53392591
you know that the graph at the OP isn't GDP per capita? it's just GDP of the entire country so obviously India will have a relatively high GDP (1.2 billion people)?

btw it's shit Poland is not even in top 20 anymore

>>53387440
How are Germany so fucking successful? They only have what 80million?

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>>53392736
This :D

>>53393603
They're USA's prostitutes, just like Canada.