Speaking of Perspective

There was an article on zero hedge that featured an sorted list of the per capita GDP of European countries. I save it here because it was a bit of a shocker to me. Not only how poor Ukraine is (the point of the article) but who was rich. Luxembourg as #1, totally expected. Where the rich Swiss keep their money. Ireland as #2 – wow. I didn’t see that coming. More than twice the UK and nearly 50% higher than the US ($62K). Malta – that’s another think again. And by the way, look at Russia at #31. You would think that Vlad should have better things to do than to try to take over an even poorer country.

2022-04-01_10-15-01

Source: The World Bank Databank, GDP per capita, PPP via Zero Hedge

By reality, on April 2, 2022 at 9:36 am, under Asset Classes, Commodities, Energy, Income & Consumption, International, Rogues and Rascals, The Economy, Truth and Trivia. 2 Comments
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Comments

  • Vlierbloesem  On April 2, 2022 at 6:54 pm
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    But in the rich countries not all people are rich.
    In the poor countries not all people are poor.

  • reality  On April 2, 2022 at 7:05 pm
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    True. But I’m still scratching my head how Russia can have a better Gini index (38) than USA (41) given the staggering concentration of wealth in a few oligarchs and the overall poverty. I guess the USA must have a much bigger group of second level wealthy, behind the Bezos, Gates, Buffett, etc., but still very rich. Ukraine, by the way, has a very low Gini index. Ukrainians are pretty much all poor.