Currently 9th in GDP Per Capita among major Economies.
Honestly passing France and Canada in per capita seems doable by 2031 or 2032. France will experience a crunch in government spending due to the ongoing credit downgrade and debt crisis, and Canada is being hit hard by US‘ tariff and economic war since September.
The CAD has weakened considerably so next years‘ average exchange rate will be much weaker vs USD than the current year. If the Iran and Ukraine Wars subside over the next few years and oil prices drop it will enter a structural decline (due to the global renewable and EV transition) so I see Canada being stuck between 60K and 65K for some time
bingo11212 on
Calling Korea a „$50k GDP per capita country“ is the same as sitting down in a room with a billionaire and claiming the average person in there has 500 million.
Yes, it means Korea as an industrial nation has massive export leverage and global trade power. But for the average worker tryig to pay off a mortgage, buy groceries, and working long weeks at a local SME- That 50k number is just a statistical flex.
At the end of the day GDP just counts corporate chip exports, not whats actually sitting in bank accounts. Samsung making billions (or trillions) off AI chips makes the country look rich on IMF spreadsheets, while the vast majority of workers still get squeezed by massive household debt, rising rent, and relatively flat wages.
Ardenwenn on
I think its kinda silly to exclude rich western countries like denmark norway switzerland
Secure-Tradition793 on
Side note: SK did surpass Spain before, until it flipped due to weak KRW.
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Currently 9th in GDP Per Capita among major Economies.
Honestly passing France and Canada in per capita seems doable by 2031 or 2032. France will experience a crunch in government spending due to the ongoing credit downgrade and debt crisis, and Canada is being hit hard by US‘ tariff and economic war since September.
The CAD has weakened considerably so next years‘ average exchange rate will be much weaker vs USD than the current year. If the Iran and Ukraine Wars subside over the next few years and oil prices drop it will enter a structural decline (due to the global renewable and EV transition) so I see Canada being stuck between 60K and 65K for some time
Calling Korea a „$50k GDP per capita country“ is the same as sitting down in a room with a billionaire and claiming the average person in there has 500 million.
Yes, it means Korea as an industrial nation has massive export leverage and global trade power. But for the average worker tryig to pay off a mortgage, buy groceries, and working long weeks at a local SME- That 50k number is just a statistical flex.
At the end of the day GDP just counts corporate chip exports, not whats actually sitting in bank accounts. Samsung making billions (or trillions) off AI chips makes the country look rich on IMF spreadsheets, while the vast majority of workers still get squeezed by massive household debt, rising rent, and relatively flat wages.
I think its kinda silly to exclude rich western countries like denmark norway switzerland
Side note: SK did surpass Spain before, until it flipped due to weak KRW.