I like how we keep pretending that Luxembourg is an actual country and not just tax heaven for Amazon mixed with laundromat for South American drug cartels.
It’s impressive how enduring the Soviet and Ottoman financial legacies are.
Greece on the same level as Bulgaria and Turkey as high as Czechia and Estonia.
Russia still having that high of a PPP just doesn’t feel right. Is it being so huge and intercontinental that makes that possible?
Quite a bit skewed for Turkey due to Turkish Lira being overvalued right now.
According to the IMF, Ukraine’s GDP in 2023 was $431.4 billion in PPP terms, making it the 22nd largest economy in Europe.
I like how we keep pretending that Armenia and Georgia are in Europe, but Azerbaijan isn’t.
Some Russia info:
The wealthiest region of Russia is almost as wealthy as Luxembourg.
The poorest regions of Russia are almost twice poorer than Ukraine.
“Average” doesn’t matter for such a country.
Because of globalisation GDP is an awful proxy. GNI+ is a much better measure with the + removing distortions like Amazon for Luxembourg or Aviation for Ireland, or Financial Services for England.
I would ask what Bosnia Hercegovina is doing, but the answer is probably nothing.
Ukraine – getting bombed by Russia constantly
Moldavia – neighboring Ukraine, having a communist state within
Kosovo – still not being recognized by half the world
Bosnia – one country, three governments
Then you have Albania – mediterranean country with great beaches, great climate, huge resources and around 100 years without any major war.
Albanians are Albania’s hugest enemies, we should have had Greek level economy by now.
I always thought PPP is a made up metric for poorer countries that want to pretend to be richer. Poland being shown as equal to Spain or Czechia is hilarious, in reality they’re not even close (I’m Polish).
Not that long ago we considered Greece to be part of “Western Europe”.
Yeah, we know
If Armenia is in Europe, why not Azerbaijan?
Look i hate Erdogan as much as the next guy but you guys are confusing two different things. Turkey has an inflation problem, it always had. It doesn’t mean Turkish economy isn’t growing. IMF forecasts Turkish GDP PPP will overtake France and Britain in 2028 and will be the 3rd biggest economy in Europe after Germany & Russia.
What you don’t see in these statistics is what it took to get there. Erdogan’s whole economy program is growth, growth, growth. And it caused a runaway inflation, immense inequality problem, government supporters got rich, pro-opposition people got way poorer, middle-class & doctors & engineers running to Europe, poor people taking a plane to Mexico and running to Texas etc. etc.
So yeah, this particular picture is nice, but you don’t see the ‘whole picture’. It’s not about ‘lol Turkey is cooking the numbers again’, it’s about what Turkey sacrificed to get here.
Why is Britain and France so poor?
Include Kazakhstan but not Azerbaijan, the subliminal messages with these maps are as insipid as they are lame.
Azerbaijan?
GPT per Capita does not mean that avarage person is reach.
We should look at Midian Wealth.
Cries in Ireland,it’s all a scam!
Ireland? Is that just MNCs skewing GDP figures?
PPP foundation??
Azerbeidzjan can’t into Europe:(
Holle
East EU has caught up nicely! 🙌
Do irish wages reflect that high gdp or is it mostly multinationals moving money?
It’s weird that Ukraine is lowest and they come with v6’s to the Netherlands. While in Holland we struggle to maintain a 4 cilinder 🤷🏻♂️
28 comments
I like how we keep pretending that Luxembourg is an actual country and not just tax heaven for Amazon mixed with laundromat for South American drug cartels.
It’s impressive how enduring the Soviet and Ottoman financial legacies are.
Greece on the same level as Bulgaria and Turkey as high as Czechia and Estonia.
Russia still having that high of a PPP just doesn’t feel right. Is it being so huge and intercontinental that makes that possible?
Quite a bit skewed for Turkey due to Turkish Lira being overvalued right now.
According to the IMF, Ukraine’s GDP in 2023 was $431.4 billion in PPP terms, making it the 22nd largest economy in Europe.
I like how we keep pretending that Armenia and Georgia are in Europe, but Azerbaijan isn’t.
Some Russia info:
The wealthiest region of Russia is almost as wealthy as Luxembourg.
The poorest regions of Russia are almost twice poorer than Ukraine.
“Average” doesn’t matter for such a country.
Because of globalisation GDP is an awful proxy. GNI+ is a much better measure with the + removing distortions like Amazon for Luxembourg or Aviation for Ireland, or Financial Services for England.
I would ask what Bosnia Hercegovina is doing, but the answer is probably nothing.
Ukraine – getting bombed by Russia constantly
Moldavia – neighboring Ukraine, having a communist state within
Kosovo – still not being recognized by half the world
Bosnia – one country, three governments
Then you have Albania – mediterranean country with great beaches, great climate, huge resources and around 100 years without any major war.
Albanians are Albania’s hugest enemies, we should have had Greek level economy by now.
I always thought PPP is a made up metric for poorer countries that want to pretend to be richer. Poland being shown as equal to Spain or Czechia is hilarious, in reality they’re not even close (I’m Polish).
Not that long ago we considered Greece to be part of “Western Europe”.
Yeah, we know
If Armenia is in Europe, why not Azerbaijan?
Look i hate Erdogan as much as the next guy but you guys are confusing two different things. Turkey has an inflation problem, it always had. It doesn’t mean Turkish economy isn’t growing. IMF forecasts Turkish GDP PPP will overtake France and Britain in 2028 and will be the 3rd biggest economy in Europe after Germany & Russia.
What you don’t see in these statistics is what it took to get there. Erdogan’s whole economy program is growth, growth, growth. And it caused a runaway inflation, immense inequality problem, government supporters got rich, pro-opposition people got way poorer, middle-class & doctors & engineers running to Europe, poor people taking a plane to Mexico and running to Texas etc. etc.
So yeah, this particular picture is nice, but you don’t see the ‘whole picture’. It’s not about ‘lol Turkey is cooking the numbers again’, it’s about what Turkey sacrificed to get here.
Why is Britain and France so poor?
Include Kazakhstan but not Azerbaijan, the subliminal messages with these maps are as insipid as they are lame.
Azerbaijan?
GPT per Capita does not mean that avarage person is reach.
We should look at Midian Wealth.
Cries in Ireland,it’s all a scam!
Ireland? Is that just MNCs skewing GDP figures?
PPP foundation??
Azerbeidzjan can’t into Europe:(
Holle
East EU has caught up nicely! 🙌
Do irish wages reflect that high gdp or is it mostly multinationals moving money?
It’s weird that Ukraine is lowest and they come with v6’s to the Netherlands. While in Holland we struggle to maintain a 4 cilinder 🤷🏻♂️
So how reliable is this data actually?