„GDP was never intended to be a measure of wellbeing or progress. There are many things that GDP does not measure at all which contribute significantly to our collective wellbeing, such as caring, domestic activities, and the natural environment.“
george6681 on
Cool chart. Worth noting that this is nominal GDP per capita. If you look at GDP per capita in PPP terms, Cyprus keeps the same position (28th) and also ranks slightly above the EU average and above countries like the UK.
PPP adjusts for local price levels, so it can be informative for comparing material living standards across countries. Especially within Europe
never_nick on
Biggest wealth inequality – there I fixed it
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
4 Kommentare
Kibris #1 yay 😊
„GDP was never intended to be a measure of wellbeing or progress. There are many things that GDP does not measure at all which contribute significantly to our collective wellbeing, such as caring, domestic activities, and the natural environment.“
Cool chart. Worth noting that this is nominal GDP per capita. If you look at GDP per capita in PPP terms, Cyprus keeps the same position (28th) and also ranks slightly above the EU average and above countries like the UK.
PPP adjusts for local price levels, so it can be informative for comparing material living standards across countries. Especially within Europe
Biggest wealth inequality – there I fixed it