this post was submitted on 31 May 2024
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[–] MF_COOM@hexbear.net 36 points 3 months ago (4 children)

Isn't GDP PPP per capita the relevant metric? I guess I don't know how to think about GDP PPP at a certain point aren't we just measuring which country has more people

[–] infuziSporg@hexbear.net 32 points 3 months ago* (last edited 3 months ago)

GDP PPP measures something closer to the real value being consumed. It's how big the economy is in a more tangible metric.

Adding per-capita to it answers where people are doing the best, economically, on average. And you're just going to get Luxembourg and Liechtenstein and Norway and Qatar at the top of that list. But a smaller country having a higher average is less significant than the same for a larger country. If you want to see how much clout a country's economy has, and maybe get a proxy for its tax base, you use GDP PPP. If you want to say "my economy could stretch further than your economy", you use GDP PPP.

[–] CyberSyndicalist@hexbear.net 28 points 3 months ago (1 children)

Per capita is relevant to how much treats you can expect, total is relevant to who would win in a fight.

[–] MF_COOM@hexbear.net 14 points 3 months ago

This is a great analogy haha

[–] Hello_Kitty_enjoyer@hexbear.net 8 points 3 months ago* (last edited 3 months ago) (1 children)

total GDP = how much productive stuff can be harnessed by god emperor xi

GDP per capita = a few people in this irrelevant wonderland have cushy lives

[–] AusbildungDerAusbild@hexbear.net 3 points 3 months ago* (last edited 3 months ago)

Always good to have a look at stuff like Gini coefficients (which are a bad indicator, but not useless): https://de.wikipedia.org/wiki/Liste_der_L%C3%A4nder_nach_Einkommensverteilung

How much the acknowledged income of the top 10% is higher than the lowest 10% (so 6,7 means the top 10% have nearly 7 times the income - not wealth! - of the lower 10% of incomes in terms of households of the country. Top income households are typically smaller - in terms of persons per household, not in terms of square meter per household -, so if you look at it from a per person view it will be even worse from our perspective)

[–] zed_proclaimer@hexbear.net 1 points 3 months ago

Overall size of the economy is relevant. More people means a bigger economy, why would you discount that?