CAVOK@lemmy.world to Europe@feddit.orgEnglish · 22 hours agoPoland is nearly as rich as the UK. How has it caught up so fast?www.thetimes.comexternal-linkmessage-square36fedilinkarrow-up1175arrow-down14file-text
arrow-up1171arrow-down1external-linkPoland is nearly as rich as the UK. How has it caught up so fast?www.thetimes.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 22 hours agomessage-square36fedilinkfile-text
minus-squaresucius@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-24 hours agoLook anywhere else other than the article and you’ll see that’s not true GDP per capita =! GDP per capita PPP
minus-squareTempermentalAnomaly@lemmy.worldlinkfedilinkEnglisharrow-up2·3 hours agoYou’re confusing nominal us dollars and adjusting for price and inflation, or what the OECD calls Purchasing Power Parity (PPP). This is what the article uses and is more meaningful than nominal gdp per capita. Here’s another source. Also uses the OECD’s PPP.
Look anywhere else other than the article and you’ll see that’s not true
GDP per capita =! GDP per capita PPP
You’re confusing nominal us dollars and adjusting for price and inflation, or what the OECD calls Purchasing Power Parity (PPP). This is what the article uses and is more meaningful than nominal gdp per capita.
Here’s another source. Also uses the OECD’s PPP.