Historical GDP per capita

Daily reminder GDP(nominal) is the correct way to measure a country's wealth not PPP

>>71969550
I doubt this is PPP, but you're wrong anyway.

>>71969591
No. Spagettinigger

>>71969659
Ok, maplesyrupnigger, but this is not what I made this thread for.

>>71969659
yes you are you retarded leaf

>>71969712
It is now. >:^)

>>71969550
You use PPP to compare countries

>>71969928
PPP is trash

>>71969463
>pinktugal

>>71969928
If you study economics Nominal is all that matters.
Poorfag cunts gtfo.

>>71969964
Both have their uses, but PPP is good for comparing different countries to each other.

>>71970074
You are retarded mate
You talk about how you are an econ student but you spout utter dribble
Let's say the uk becomes a US state
We would have the lowest GDP yet the highest living standards
And The highest PPP

It is an outdated formula

>>71970144
Nein.

>>71970185
Yes. Because UK is poorfag compared to california.

>>71970185
Absolutely wrong. You would have the lowest GDP per capita with PPP figured in

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>>71969463
really makes you think

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>>71970370
If you adjusted for PPP we would be higher m8
Read
https://mises.org/blog/if-sweden-and-germany-became-us-states-they-would-be-among-poorest-states
The economist did a good paper on it around 2 years ago but I can't find it

>>71969463
>ukraine
Makes you want to import a gf from over there huh

also
>UK
top kekson

>>71970540
That's why the EU needs to go

>>71970185
GDP is used, among the other things, as a measure of wealth because it is equal to both the total expenditure and the total income/profit, other than the actual product value. But it's obvious that both expenditure and income have different meanings in different countries, that's why PPP is used.

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>>71970532
UKPOORFAGS BTFO

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>>71970641
can't be arsed to check but i'm willing to bet my pinkie finger blind it started waaaay before EU, probably right after WW2

unless you're baiting utilizing the non-eu rhetoric going ballistic in england, in which case job well done harry

>>71970669
Once again though the data doesn't really fully adjust for all out expenses
For example we give the most in foreign aid 0.8% of our economy
While in the us forign aid is a federal thing
I can go on but if you wanted to get really autistic with it we would be higher

>>71970795
Just baiting m8
Also right after ww2 we were broke as fuck

>>71970811
Cope

>>71970796
GDP doesn't either?
Uk is currently going though a bout of high employment low productivity yet our GDP has yet to change

>>71970811
BUTTHURT
New Pakistan on damage control.

>>71970936
>pretends to be an ECON student
>LE BUTHURT XDXDDDXDZDZXS
kill your self you autist
Your a quart aren't you?

>>71969463

Wtf spain?!

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>>71971000
>PPP is adjusted for inflation and currency changes
>Doesnt correctly measure a country's real GDP
>Higher PPP and lower nominal usually means buying something imported via US dollars is more expensive