Il PIL pro capite (PPP) della Lituania è ora superiore alla Spagna, al Giappone e alla Nuova Zelanda, e presto si avvicinerà all’Italia e al Regno Unito
https://i.redd.it/aezznz45lxlf1.png
di osalcabb
Il PIL pro capite (PPP) della Lituania è ora superiore alla Spagna, al Giappone e alla Nuova Zelanda, e presto si avvicinerà all’Italia e al Regno Unito
https://i.redd.it/aezznz45lxlf1.png
di osalcabb
19 commenti
That’s what escaping the russiansphere does to a mother******
r/ListsWithJersey
Slovenia mention
My favorite thing about this type of GDP valuation is that the difference between Russia and Estonia is only a couple hundred bucks
Estonia 49671
Russia 49383
And judging by the GDP growth this year for Russia and Estonia, Russia will likely overtake Estonia.
Reminder that PPP and other such measures have gotten increasingly dubious in recent decades.
That said… what Lithuania has achieved is consistency. European economies tend to fall into a trap of growth, overheating, then slow recovery. Harsh credit conditions that take a long time to heal.
Also… Lithuania consistently *wants* economic growth. Its a consensus issue. That’s the case in some countries, but not others.
They’re not necessarily opposed to economic growth… but once you start getting into the details it gets controversial.
Gdp becomes more and more meaningless though. Like if a megacorp decided to move headquarters to lithuania they would shoot up several places and the only change for lithuanians would probably be that a few years later they would have less regulations on working hours, enviromental protection and so on, on account of lobbying.
There’s a very important distinction here; this is PPP that is not as groundbreaking as it sounds
I hate gdp per capita statistics because it hides how unequally the wealth is distributed. Lithuania is highly corrupt and the wealth there is very unequally distributed. [Source](https://economy-finance.ec.europa.eu/document/download/b2eea0d9-a516-4153-82ac-66d150d1ce7e_en?filename=SWD_2024_615_1_EN_Lithuania.pdf).
not even 3 million population, that only shows how GDP per capita is a bullshit statistics.
You should look at the median ppp per capita income: average tells you little, because a couple of billionaires blow it up to the sky.
RIP Slovenia falling behind as usual…
You can’t imagine how bad this government is. It doesn’t care a little about competitiveness and economic advisers. All they know is rising taxes, and they don’t even raise taxes for the rich that much, they raise it for the middle class.
So a number which means nothing.
Pre-covid Lithuania achieved a monstrous peak of 10% growth and they are slowly getting back to it. Good luck to the hardworking Lithuanians!
Also credits to Poland, Czech Republic and Slovenia for being literally among Israel, Japan, Spain, Italy and Saudi Arabia here
PPP doesn’t say much about country’s economy. There is no way in hell Lithuania is doing better than NZ or Israel.
It’s a rather meaningless metric, especially for countries with small populations
Yea-yea, and Russia is ahead of many EU member states until you need to buy something abroad or refuse to accept that Xiaomi = Apple. PPP means that they have access to similar goods. BMW is never equal to Lada, regardless that they are both cars and that is what PPP measures.
Yeah well, GDP in the US is huge but the standard of living is mid at best. So what does this chart even mean?
Poland better than Japan, just, how, wtf.
It has to be flawed metric, no way Poland’s economy is healthier than Japan, especially since we have like no industry that isn’t just cheap labor for the western EU.