It's here boys, European GDP per capita PPP for 2018. Data for GDP per capita nominal will be out later this year

?

You an illegal?

>PPP is still superior
Only on a per capita basis

Nope, I just work minimum wage and not even full time.

GDP is pretty useless when it comes to tax havens and countries with a lot of natural resources, especially oil, so ignore Ireland, Switzerland, and Norway.

France, Britain and Germany pouring trillions of dollars for our infrastructure as well as literally none of our gdp being spent on military as well as foreign investors. Muh it's just noise from le ebil american companies is just a cope started by nordic country's upset at how badly they'd been surpassed by a country that was africa tier 20 years ago.
fake news

Spain surpassed italy a year ago

Attached: GDP Spain Italy.png (600x421, 28K)

PPP is meme shit

Next year we will get you, Swedecucks and I*clanders

Pootugal showing out strong yet again

How is Belarus, a literal socialist shithole, doing better than most of the Balkans, Ukraine, and Moldovia?

>Greece behind Latvia, Slovakia and Hungary

lmao, that's a place well earned
fuck you Greek people

Political stability maybe?

Pretty surprised how good Spain and Italy are actually doing.
Good job, tho.

Having Germany and Italy as markets right at your door does not seem like a bad thing to me...
Also millions and millions of German tourists spending shitloads of money there.

>Poland doing worse than everyone around it except Ukraine and Belarus

Attached: not ppp.png (1142x792, 217K)

the numbers changed quite a lot from last year's numbers

Attached: 2018-08-11 01_49_17-List of sovereign states in Europe by GDP (PPP) per capita - Wikipedia.png (1821x786, 310K)

Pretty similar still, but that is last years data.

stop using PPP for fuck's sake

Because you are looking at two different metrics, nominal and PPP. The current PPP stats have changed by 2000 dollars for most countries in Europe since 2017.

t. butthurt italiANO

Why not?

Attached: nj6ZxnSigqc.jpg (958x960, 232K)

you're right, just saw that after posting

PPP is especially good inside the EU because of how streamlined regulations are giving very similar qualities of products and services.

Explain to me what the fuck GDP actually is

because it depends on the local prices, it doesn't show how much a country is really worth

But we're looking at per capita GDP ITT, so we don't care about "how much a country is really worth".

Romania to literally overtake Greece in 2-3 years.

Attached: 1506929982084.jpg (800x800, 163K)

how much money you have

a single person from that country then, doesn't change a thing

how about opening the wiki article yourself?
there are various ways of determining it

do you think the average German would be any richer if tomorrow his wage, rent, grocery prices etc. all increased by 100x?

Nominal GDP = sum of currency value of domestic investment + domestic consumption + net exports + government spending

Real GDP = same as above, but adjusted for domestic price inflation

Natural Real GDP = same as above, but a theoretical value where inflation neither accelerates nor decelerates

Romania is also higher than Croatia

Bit surprised 2bh

We gonna be part of the poor Eastern Europe in 2020

We should be at at least 45k, its 30 years since communism, so no excuse

Quite emberesing tbqh

Sometimes I wonder if it is really our slavic genepool that we just suck

We should just look at Germany and Nordicks and copy their mentality

Eastern Europe is growing rich, some parts of it. Baltics, Hungary, Slovenia, and Czech republic especially.

Way more useful for measuring the standard of living would be median salary along with cost of living.

>rich
GDP doesn't measure wealth or living conditions

That would be total wealth of a nation not GDP.

We've been way too tight fiscally until recently. Romania has really good interests rates. We finally started borrowing. Also increased our R&D budget a lot. Also new oil and gas discoveries in the Black Sea.
A new Chevron-Petrom offshore plant literally was inaugurated today.
Government is shit, but the socio-economic context is so fucking good for us it's unbelievable.

Attached: 300px-HIMARS_-_missile_launched.jpg (300x225, 10K)

And the west gets rich at almost the same rate. Finland's been on decline ever since the 2008 crash and the fall of Nokia.

Now imagine how surprised you will be once Bulgaria and Belarus surpass this shithole in 2-3 years time

thats the point. nominal makes usa look better but i even concede that ppp is more useful to measure standard of living

see

that's true, but it's a good proxy for the standard of living if it's adjusted to the cost of living (PPP)

And Poland.

Yes.

Russia's life expectancy : 71
Romania's life expectancy: 77.

But we're missing all those hundreds of billionaires I guess : ((

Attached: 1503449331894.jpg (974x864, 346K)

It's the tax haven for European (shell) companies

>doesn't know what GDP per capita PPP is

there are much better indicators for that, GDP isn't disposable income, wage or anything like that

more wine sir?

Do you want Polish plumbers on your beaches?
Word harder, southrons or Germans tourists will remain in a constant state of disgust when there are e*stern "Europeans"

>literally none of our gdp being spent on military

This wouldn't make the slightest difference to gdp you utter bellend

Attached: 1528838730172.png (800x800, 1.36M)

WHORE WINE

Attached: 1503448217544.png (584x607, 310K)

okay thats called MEDIAN INCOME IN PPP. then still you have to choose between household or personal income which has its problems too. you think PhD economists are all retarded? we know each metric has pros and cons

Can someone explain this map to me? Is this supposed to be the average yearly income? Because 56k a year is 4.6k a month and that's ridiculous.

Do you think you'll overtake Orbánistan in the near future?

I personally hope so, the Mongol butthurt will be fucking amazing if that happens.

>PPP

whoever keeps using GDP per capita PPP for general discussions on Jow Forums is retarded, PhD or not

How the fuck is 4.6k a month ridiculous in NL ? My cousin makes almost 5k as a welder at Damen in NL with highschool + tradeschool. Also PPP = GDP adjusted for how much shit you can buy with the currency.

If I understand you correctly you are just dismissing GDP ppp, the most used stat by the economists because Italy looks bad?

No one here is talking aboht wages, living standards etc.

We are talking about GDP ppp and you chimp out like sone butthurt nigger

>not last
2018 was a good year

Attached: ptpicardia.jpg (760x553, 78K)

As much as I hate Hungarians, business and cooperation are booming between our countries hardcore. And they are kind of trustworthy. I hope they keep growing even faster because they're our gateway to Western trade and we need them to be rich too.

Also they buy a shitload of Romanian stuff.

>living standards etc.

thanks for proving that you don't even know what GDP PPP is about

LIES! ITALY RICH!

260 USD MORE THAN SPAIN! (5 years ago)

Attached: median income ppp.png (480x840, 37K)

please stop. please

you realise that Italy looks worse with nominal then PPP, right? Poorer country usually do

Heh. European gdp based on US dollars.

Cute.

Exchange rates exist, you fucking retard. It's a wiki article picture. and the dollar is the most recognizable currency.

>being able to produce and consume more goods and services doesn't mean your standard of living is higher

As long as dollar is tied to oil, so will everything else as well.

Swiss POORFAGS LMAOOO

>Norway tops us with more than 20k

At last I know the pain of eastern europe

Attached: IMG_2192.jpg (750x642, 78K)

no, you have to understand that PPP is built with a specific purpose in mind, and for general discussions is better to use nominal

His statement is retarded, but remember these things are indirectly, not directly, correlated.

here we go
>doesn't count because muh corporate tax rate x1000
there saved you the time

now I'm sure you're just trolling
No, poorer countries usually look BETTER if you take the cost of living into account

e.g. you can see that Switzerland's value is decreasing while Romania's value is increasing, which makes perfect sense

Eastern Europe didn't have capitalism until 1991, what's your excuse?

where is turkey? they are europe too

Fuck you and fuck your utopias.

>No, poorer countries usually look BETTER if you take the cost of living into account

but that's what I said

you retard

So Russia is not that bad? Jow Forums told me Russia was the poorest country in the region.

Nom you said the opposite.
Learn to express yourself, Terroni.

Valid: GDP Per Capita PPP (because GDP Per Capita doesn't matter as it's not evenly distributed)

Not valid: GDP PPP (would only be valid if countries existed in a vacuum where everything was the same price as inside their borders)

Debate me

Attached: umm frog.jpg (261x193, 14K)

This is a bit misleading.
Italy is a bit better off than Spain, for example. And so are we compared to some Eastern bros

you guys are arguing about the irrelevancy of PPP
but doesn't it depend on what was trying to imply?

t. boomer

>poorer countries look worse with nominal than PPP
>poorer countries look better if you take the cost of living into account (PPP)

that's the same concept you dense kraut

Turkey isn't Europe except for the Western Istanbul so it's of no use to include it.

GDP PPP is very good inside the EU and the EEC because we have basically the same standards and regulations for goods and services.
For grand multi-faceted global comparisons, it's bad, yes.

If you compare Romanian food quality to Russian food quality...well, you'll get food poisoning.

>with the currency.
if this was true, e.g. Luxembourg and Greece would have the same factor
It's calculated per country, not per currency