As Legolas says, that is essentially what PPP GDP is, and why I and others prefer it.
Joel Send a noteboard - 16/09/2011 03:59:41 PM
To be honest I don't know what PPP really is but I guess it GDP adjusted for cost of living of the country it is in. The other nominal is probably more valid I just went with the first one I saw. Either way there it is a big difference and there are countries like the Sudan that would be a closer fit.
Validity has a lot to do with the terms in which you're speaking and whom you ask, but PPP is definitely a good attempt at leveling the playing field, IMHO. Remember how much more higher prices are in Scandinavia, and Norway in particular? That difference (some, but not all, of which is higher sales tax; surprisingly, income tax rates are comparable to Americas) means Norway has the 25th highest nominal GDP but 46th highest PPP GDP. Believe it or not, it appears the PPP listing is rather Americocentric; the US is the only country whose nominal and PPP GDP is the same number, which pretty much tells you who came up with the stat (the real shocker is China, whose PPP GDP is roughly twice their nominal GDP.)
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Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!

LoL. Be well, RAFOlk.
A map. Because maps rock. US states renamed to countries with similar GDPs.
- 15/09/2011 03:28:54 PM
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Mine's Belgium
- 15/09/2011 03:39:37 PM
918 Views
- 15/09/2011 03:39:37 PM
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um... is Austria doing well? *NM*
- 15/09/2011 05:10:20 PM
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I'm back in Russia! This is really cool. Wouldn't have thought that Florida = = Australia.
- 15/09/2011 08:06:06 PM
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They mean their GDP in absolute numbers is close to the same size?
- 15/09/2011 08:10:00 PM
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Re: They mean their GDP in absolute numbers is close to the same size?
- 15/09/2011 11:33:56 PM
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Puts TX in pretty good shape though.
- 16/09/2011 03:47:19 PM
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Why does Sweden always have to be the place with a crumbling car industry?
*NM*
- 15/09/2011 09:02:45 PM
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*NM*
- 15/09/2011 09:02:45 PM
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Delaware = Bangladesh?!
- 15/09/2011 09:11:42 PM
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Aren't there about 150 times as many people in bangladesh as in delaware?
- 15/09/2011 09:19:01 PM
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my backyard is bigger than Delaware and has more people in when I have a barbecue
- 15/09/2011 09:47:20 PM
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- 15/09/2011 09:47:20 PM
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Erm.
- 15/09/2011 09:55:08 PM
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Yeah, I don't see how those two figures are even similar tbh. *NM*
- 15/09/2011 10:00:30 PM
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Still a huge enough difference to make you wonder about that map, though...
- 15/09/2011 10:00:40 PM
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yeah I was looking at the PPP number which is 259B
- 15/09/2011 10:08:24 PM
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Re: yeah I was looking at the PPP number which is 259B
- 15/09/2011 10:22:27 PM
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There's a flip side to that, too, though.
- 16/09/2011 04:31:06 PM
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As Legolas says, that is essentially what PPP GDP is, and why I and others prefer it.
- 16/09/2011 03:59:41 PM
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Erm, nevermind.
- 15/09/2011 10:05:13 PM
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Hmm.
- 15/09/2011 10:10:55 PM
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Yeah, I started out by confusing Delaware with Rhode Island and it went from there.
- 15/09/2011 10:20:09 PM
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I have been known to call DE "the Black Hole of Calcutta for incorporation."
- 16/09/2011 03:40:39 PM
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- 16/09/2011 03:40:39 PM
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Connecticut being the UAE seems pretty appropriate in my mind for some reason ...
- 16/09/2011 03:08:23 AM
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Florida?! But that's America's wang! *NM*
- 16/09/2011 01:42:41 PM
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They prefer "The Sunshine State."
- 16/09/2011 07:09:21 PM
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