GDP numbers for 2018 are out

GDP numbers for 2018 are out

>Italy, Spain, NZ behind South Korea
lmao
I hope this fate will never happen to my own country

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>tfw spanish heritage

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are you retarded?
iutaly is ahead of sk

Fuck off. I thought you meant in nominal terms and I got excited. Pretty sure we've been ahead in ppp terms for a while

Isn't PPP more accurate?

what's the difference between nominal and PPP in simple words please?

why is macao that high anyway? its literally the memest nation state of all

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PPP is way more important
I would rather have the purchasing power of a citizen of Brunei than that of an Israeli for example

Maybe so since nominal is heavily affected by national currency fluctuations but nominal is what all normies use when comparing cunts

nominal = the dollar amount, a Norwegian 20 Euro kebab is somehow 4 times as good as your French 5 Euro kebab
PPP = cost of living taken into account, a Norwegian 20 Euro kebab is as good as your French 5 Euro kebab

>he cares about meaningless metrics

>nominal
How much money you make
>PPP
How much money you make adjusted for their purchasing power (people in Russia make less money than Americans on average, but bread in Russia might cost less)

GDP PPP is retarded anyway because gdp is basically just measuring economic relevance and has a pretty shit correlation with peoples actual wages

micro states aside, it's a good indicator of the purchasing power of people's wages

This is absolute bullshit. I lived in Ireland for half a year and everyone seems to be poor and famished. They all tell me their country feels dirty poor and when I look at these charts they are rich as fuck? The money is not reaching the citizens.

Figures are meaningless for places like Ireland & Luxembourg that are Corporate tax havens.

Ireland's median income is lower than the UK

Yea because I would totally be better off want want to be in fucking Saudi Arabia over Germany..

if you know what gdp is, it's quite obvious that tax heavens are a special case
on average you would be able to afford more goods, that's what the indicator says

When are you taking the ISLAMIC pill?

damn irish are fucking rich, it must fucking suck to be a brit cuck and having to look over to ireland where they live in their green paradise, while you make shit wages and cost of living is higher than ireland's

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I still would prefer Italy or Spain as a place of living.

Is Luxembourg a mini Switzerland?

Gdp is not a measure of individual prosperity. Countries that produce more are generally more prosperous. In our case, a large percentage of our Gdp represents little or no real prosperity. i.e Intellectual property held by an Irish domiciled subsidiary of a large multinational.
The last recession was rough for us. Wages are rising again, but rents have risen in tandem.

PPP is good for per capita GDP, nominal is good for overall GDP.

Could you tell that to the Irish? They keep coming over by the thousand every year.

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Half of the entire list needs a huge fuck off asterix next to them

Only for the food

GDP is the biggest meme in the world, it's just banks and companies moving money around

Incomes for normal people have been stagnant for decades

Would still rather live in NZ than Germany

>ahead of the french
all is as it should be