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Thread: GDP PPP per capita 2017 WE vs. EE

  1. #21
    Member propolis's Avatar
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    Quote Originally Posted by Magnolia View Post
    btw. it is always better to speak about median than average when it goes about income...

    Median income per capita in Europe (PPP adjusted)

    GDP per capita (what you posted in the first post) has nothing to do with yearly salary - income (what you posted in the last post). By the way, that map you posted is based on very outdated or wrong data.
    GDP should be market value of all final goods and services produced in a period. The figures could be easily manipulated and widely distorted for political or other reasons or simply using wrong methods of calculations. As I said, it has nothing to do with monthly/yearly salaries.
    Also, salaries should be compared with prices, rents, etc. to get the real buying power of an employed worker.

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    Quote Originally Posted by Danielion View Post
    And I'm surprised by how rich Ireland seems to be.
    The have one of the most open economies in the world. They are also English speaking and get a lot of companies and investment from places like the US.



    Not sure how the change of government in the US and Brexit will affect Ireland. They are both worrying as far as Ireland is concerned. Trump does have a big golfing complex in the west of Ireland though.

    He is planning to build a wall here.




    Kind of a blight on the natural landscape but that's progress for you.


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    Ujku i Beratit Ujku's Avatar
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    I didn't know that Ireland was so rich.

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    According to this statistics, worst off economically are fake creations like Moldova, Bosnia, FYROM, and Ukraine. Not suprising. And a good lesson for the future.

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    Quote Originally Posted by Amor Vincit Omnia View Post
    Map of sovereign states in Europe by GDP per capita based on international dollars (PPP) 2015 from the World Bank


    https://en.wikipedia.org/wiki/List_o...PP)_per_capita

    Luxembourg 101,926 $
    Moldova 5 038$
    Amateurs.

    The GDP PPP per land area of Monaco is 3.11 ( billions of $ per square kilometer) with a global rank of 1.

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    Veteran Member Magnolia's Avatar
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    Quote Originally Posted by propolis View Post

    GDP per capita (what you posted in the first post) has nothing to do with yearly salary - income (what you posted in the last post). By the way, that map you posted is based on very outdated or wrong data.
    GDP should be market value of all final goods and services produced in a period. The figures could be easily manipulated and widely distorted for political or other reasons or simply using wrong methods of calculations. As I said, it has nothing to do with monthly/yearly salaries.
    Also, salaries should be compared with prices, rents, etc. to get the real buying power of an employed worker.
    :-)
    It was Omnia Vincit Amor who started posting other economic indicators I continued with it. And yes everything is related to everything.
    GDP PPP is not a perfect index but it is easy for assessment. Indeed it has some explanatory value when comparing countries together.

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    Quote Originally Posted by Magnolia View Post
    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....
    So if you have an average monthly rent of 540 euros, you should add average monthly bill for electricity, gas, water, etc. (around 80 euros), so you can conclude that the average citizen of your country spends 80% of salary for housing each month.

    Quote Originally Posted by Magnolia View Post
    :-)
    It was Omnia Vincit Amor who started posting other economic indicators I continued with it. And yes everything is related to everything.
    GDP PPP is not a perfect index but it is easy for assessment. Indeed it has some explanatory value when comparing countries together.
    What you posted is not economic indicators, but some silly maps. Look at the map of supposed purchasing power you posted. You really think that Kosovo has a higher standard of living than Russia, Hungary and many other countries???

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    Veteran Member Magnolia's Avatar
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    Quote Originally Posted by propolis View Post
    So if you have an average monthly rent of 540 euros, you should add average monthly bill for electricity, gas, water, etc. (around 80 euros), so you can conclude that the average citizen of your country spends 80% of salary for housing each month.
    - as I said before; in Prague people earn more money than an average wage is and rents are of course higher. In smaller cities (towns) rents are 1/2 or even 1/3 of the Prague's average (for example in Liberec 252 euros).
    - it is good to notice that it is normal here to have own house/flat - so you don't have to rent it..

    What you posted is not economic indicators, but some silly maps. Look at the map of supposed purchasing power you posted. You really think that Kosovo has a higher standard of living than Russia, Hungary and many other countries???
    So you want to tell me that a map can't have the same informative value as a tab, right?

    The map you are talking about is "Local Purchasing Power" not a standard of living...


    Who you are (What was your last nickname)? Why are you so butthurt? Where are you from?

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    Quote Originally Posted by Magnolia View Post
    - as I said before; in Prague people earn more money than an average wage is and rents are of course higher. In smaller cities (towns) rents are 1/2 or even 1/3 of the Prague's average (for example in Liberec 252 euros).
    - it is good to notice that it is normal here to have own house/flat - so you don't have to rent it..

    So you want to tell me that a map can't have the same informative value as a tab, right?

    The map you are talking about is "Local Purchasing Power" not a standard of living...

    Who you are (What was your last nickname)? Why are you so butthurt? Where are you from?
    The percentage of owner occupied flats/houses were 47% in 2001. Today, probably even less. It is normal for young couples to rent or buy flat/houses if they don't want to live with their parents, so it means they must pay rent or mortgage payment. You are the one who posted maps of supposed 'purchasing power', so if you want to discuss it, you must know what affects purchasing power. Stick to the topic and refrain from ad hominem attacks such as "why you are so butthurt" (usual tactic of those who are not capable of having a civilized discussion). Who I am is totally unimportant to you. I could be from the planet Mars. It will not change anything.

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    Quote Originally Posted by Costas View Post
    Clear divide.

    Slovenia and Czechia seem to be catching up with Italy and Spain though, that's interesting.

    I'm always surprised by how poor Moldova is.

    Like in South America we always talk about how poor Bolivia is but then Moldova is even poorer.. that's shocking.
    Slovenia and Czechia are Third World compared with Spain and Italy.

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