Some relatives refuse to believe me when I tell them that Lithuania is richer than Japan in terms of GDP per capita at purchasing power parity.
Lithuania is a rich country now. Of course, nothing is ever perfect, but it’s an impressive progression since 1990 🙂
tipyi on
This is purchase power parity (PPP) adjusted, I.e. also takes into account the cost of goods and services. In simple terms, the salary might be bigger in many more countries on the map, yet you will be able to buy less with it as things and services are more expensive there.
Lithauen on
Probably because its [almost] no children to split it further
extra_scum on
Surprised about Italy
saules_miestas on
now do income inequality, gdp on paper looks good but is misleading and can not portray the real human experience
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Is this an accurate metric?
Source?
Some relatives refuse to believe me when I tell them that Lithuania is richer than Japan in terms of GDP per capita at purchasing power parity.
Lithuania is a rich country now. Of course, nothing is ever perfect, but it’s an impressive progression since 1990 🙂
This is purchase power parity (PPP) adjusted, I.e. also takes into account the cost of goods and services. In simple terms, the salary might be bigger in many more countries on the map, yet you will be able to buy less with it as things and services are more expensive there.
Probably because its [almost] no children to split it further
Surprised about Italy
now do income inequality, gdp on paper looks good but is misleading and can not portray the real human experience