I will leave a lot of my money there after war end’s 🇺🇦🇱🇹
It’s always great to see a Eastern European country growing beyond the shadow of the Soviet Union.
Wow, impressive by Lithuania
If you predicted this in 1980 people would take you to a mental institution.
So, despite all what media says, Europe is actually getting stronger compared to the world!
Obviously very impressive but it’s important to note that PPP is a bit of a dodgy measure that measures a lot of things *quite well* but measures nothing *very well*.
Can you have a very good life in LT nowadays? Sure. Is the average Lithuanian as rich as the average Japanese person now? No, and it’ll be some decades yet.
It will most definitely not surpass Japan in 2023.
Lithiuania experienced over 20% inflation in 2022 so far. Japan sits at 3.6%.
This data is old and does not reflect current situation at all.
With PPP this is a bit sketch. But Lithuania is indeed doing well.
Lol that’s PPP
PPP is a flawed matrix though. Japan is much more wealthy than Lithuania.
Well thats what Shinzonomics will do to you.
Fair play to them. Despite being sanctioned by China, they still pulled through.
More importantly, Japan is increasingly not a good benchmark. Its economy has been stagnating for almost thirty years.
Germany, which isn’t doing great either, and which only has 2/3s of Japan’s population, is even on track to surpass Japan in absolute GDP: [https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=JP-DE](https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=JP-DE).
Population wise? Are they increasing or decreasing?
17 comments
Source: [World Bank](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=LT-JP).
Kudos
Wow. Lithuania STRONK! 😉
I need to sit and look what had happened here.
Lietuva strong
I will leave a lot of my money there after war end’s 🇺🇦🇱🇹
It’s always great to see a Eastern European country growing beyond the shadow of the Soviet Union.
Wow, impressive by Lithuania
If you predicted this in 1980 people would take you to a mental institution.
So, despite all what media says, Europe is actually getting stronger compared to the world!
Obviously very impressive but it’s important to note that PPP is a bit of a dodgy measure that measures a lot of things *quite well* but measures nothing *very well*.
Can you have a very good life in LT nowadays? Sure. Is the average Lithuanian as rich as the average Japanese person now? No, and it’ll be some decades yet.
It will most definitely not surpass Japan in 2023.
Lithiuania experienced over 20% inflation in 2022 so far. Japan sits at 3.6%.
This data is old and does not reflect current situation at all.
With PPP this is a bit sketch. But Lithuania is indeed doing well.
Lol that’s PPP
PPP is a flawed matrix though. Japan is much more wealthy than Lithuania.
Well thats what Shinzonomics will do to you.
Fair play to them. Despite being sanctioned by China, they still pulled through.
In nominal GDP per capita, Japan is still 70% higher than Lithuania’s: [https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=JP-LT](https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=JP-LT)
More importantly, Japan is increasingly not a good benchmark. Its economy has been stagnating for almost thirty years.
Germany, which isn’t doing great either, and which only has 2/3s of Japan’s population, is even on track to surpass Japan in absolute GDP: [https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=JP-DE](https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=JP-DE).
Population wise? Are they increasing or decreasing?