Firstly, it greatly shows the damage during the Greek financial collapse in the previous decade.
However, the graph being in PPP presents that the Greek gdp per capita has returned in pre-crisis levels, which is not the reality that the average Greek feels, whereas the nominal metric would have shown that the gpd per capital is still 25% lower (closer to reality imho.
The same metric would have shown that despite Greece’s downfall, it is still ahead, not much though, from all the countries of the selected group. It is probably the more significant cost of living here, which affects the results.
Differences between GDP and GDP PPP?
Romania made a miracle between 2015 and 2022 with brutal growth numbers.
Back in 1992 Romania was poorer than almost all neighbours (including Ukraine) except for Moldova.
Now Romania is not far away from being richer than any of its neigbours, as Hungary is getting very close.
*per capita
Romania🇷🇴🇷🇴💪👏👏
Just look at the difference between Romania and Greece in 1992 and 2021… crazy
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Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?contextual=default&end=2021&locations=HU-GR-BG-RO-HR&most_recent_value_desc=true&start=1992&view=chart
Tigru 🇷🇴 👍🏻
Per capita?
My few observations.
Firstly, it greatly shows the damage during the Greek financial collapse in the previous decade.
However, the graph being in PPP presents that the Greek gdp per capita has returned in pre-crisis levels, which is not the reality that the average Greek feels, whereas the nominal metric would have shown that the gpd per capital is still 25% lower (closer to reality imho.
The same metric would have shown that despite Greece’s downfall, it is still ahead, not much though, from all the countries of the selected group. It is probably the more significant cost of living here, which affects the results.
Differences between GDP and GDP PPP?
Romania made a miracle between 2015 and 2022 with brutal growth numbers.
Back in 1992 Romania was poorer than almost all neighbours (including Ukraine) except for Moldova.
Now Romania is not far away from being richer than any of its neigbours, as Hungary is getting very close.
*per capita
Romania🇷🇴🇷🇴💪👏👏
Just look at the difference between Romania and Greece in 1992 and 2021… crazy