GDP PPP per capita 2017 WE vs. EE

[Magnolia]

About Ireland I've found this on reddit

[–]Sloveniapetardik 53 bodů před 11 dnů
Ireland is totally legit.

[–]BulgariaZmeiOtPirin 30 bodů před 11 dnů
Eurostat:
Although GDP per capita is an important and widely used indicator of countries’ level of economic welfare, consumption per capita may be more useful for comparing the relative welfare of consumers across various countries.
AIC per capita is usually highly correlated with GDP per capita, because AIC is, in practice, by far the biggest expenditure component of GDP.
In this metric Ireland scores 96% of the EU average.
http://ec.europa.eu/eurostat/documen...b-51631f257f83

[–]IrelandBusyPedro 8 bodů před 11 dnů*
IMO it's better to use GNP, since AIC assumes increased consumption = increased welfare which does not account for cultural difference with regard to the importance of consumption.

[–]Chutiyapaconnoisseur 2 body před 11 dnů
account for cultural difference with regard to the importance of consumption.
If that was true, then we'd see the Irish have a larger savings ratio. We don't.
World Bank Data
Notice that the huge jump for Ireland from 2014 to 2015 is related to the 25% growth rate which was driven by corporate inversions. So, it's really 2014 data which is relevant. You guys don't save more than wealthier countries. So consumption is a more relevant metric than GDP per capita for underlying material standard.

načíst další komentáře (1 odpověď)
[–]IrelandRazWud_Thugz 2 body před 11 dnů
GNP is now as useless as GDP is for Ireland
trvalý odkazembednadřazený
[–]IrelandBusyPedro 2 body před 11 dnů
Y?
trvalý odkazembednadřazený
[–]Kongeriget Danmarkaveragemonkey 7 bodů před 11 dnů
Y?
It's funny because Y is the variable for production/income.

[–]Chutiyapaconnoisseur 6 bodů před 11 dnů
Because GNI(or GNP) also grew by over 20% in 2015. Actual consumption is a better predictor of underlying well-being. That is a well-known fact in poverty economics.

[–]Sweden (Raised in the UK)English-Breakfast 28 bodů před 11 dnů
Yeah. Don't get me wrong, Ireland is doing well...but you know the number is skewed when they have a higher GDP per capita than Norway or Switzerland.

[–]EuropeEwannnn 12 bodů před 11 dnů
For reference Irish GDP Per capita between 2005 and 2013 was around $44-48k. In 2014 it was $52k, 2015 $66k, 2016 $69k. It's due to be $85k by 2021. 2015 seems to be the year when things went a bit loopy.
Source.

[–]Chutiyapaconnoisseur 2 body před 11 dnů
2015 seems to be the year when things went a bit loopy.
The year when it grew over 25% in a single year. So, yeah. As /u/ZmeiOtPirin pointed out, Average Individual Consumption is a better measure of true well-being and Ireland is around middle-of-the-pack in that regard. AIC probably grew quite rapidly in 2016, so I'd guess the Irish are close to the 100 median mark.

[Amor Vincit Omnia]

List of European countries by average wage

https://en.wikipedia.org/wiki/List_o...y_average_wage

This is a map and list of countries containing monthly (annual divided by 12 months) gross and net income (after taxes) average wages in Europe in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers.

fuc*** swiss 5040 Euro a month average wage ( net income ...taxes payed )

[Magnolia]

[Magnolia]

fuc*** swiss 5040 Euro a month average wage ( net income ...taxes payed )

Come on they stole Jewish gold and still live from it. How they can even sleep well...

[Amor Vincit Omnia]

Swiss 221

[Not a Cop]

Oh I think they embraced free-market a lot more than most European countries and that helped them get a lot of investment.

Bu-bble, bubble.

[propolis]

I doubt that statistic is true.
According to this link-Average monthly rental cost for apartments in various European cities in 2015 (in U.S. dollars), average rent in Warsaw is about 850 dollars. Average rent in Prague is 540 dollars. It means average rent is more than half of your average monthly wage (around 750 euros).

Comparative prices in various European countries:

[Magnolia]

I doubt that statistic is true.
According to this link-Average monthly rental cost for apartments in various European cities in 2015 (in U.S. dollars), average rent in Warsaw is about 850 dollars. Average rent in Prague is 540 dollars. It means average rent is more than half of your average monthly wage (around 750 euroes).

Comparative prices in various European countries:

You can't think about it that way. People in capital cities usually earn more money than an average income is and of course rents are higher in capitals....

[Magnolia]

btw. it is always better to speak about median than average when it goes about income...

Median income per capita in Europe (PPP adjusted)

[Costas]

Bu-bble, bubble.

Yeah it's weird they grew 25% in 2015