2 ms·
Raw GDP is an absurd proxy for standard of living, you're comparing a country of 70 million to a country of 1.5 million. At the very least you'd need it to be p
by jsnell 11y ago
Raw GDP is an absurd proxy for standard of living, you're comparing a country of 70 million to a country of 1.5 million. At the very least you'd need it to be per capita. Maybe PPP adjusted.
- ux-app 11y agoThanks for pointing this out and you're absolutely right. The per capita comparison is much better, and shows Estonia's economy at 54% smaller [1] (Bulgaria makes for an even starker contrast at 82% smaller per capita [3]) Edit - As a final edit, the largest disparity across standard of living in the EU is between Luxembourg and Bulgaria, and comparing their per-capita GDP shows that Bulgaria's economy is 93.2% smaller [4] This is still a considerable difference between the two countries and yet not everyone has fled from Estonia/Bulgaria. The point though is that there is a very big spread in the standard of living [2] across the EU and yet mass migration is not occurring. [1] - http://www.wolframalpha.com/input/?i=estonia+per+capita+gdp+vs+uk+ http://www.wolframalpha.com/input/?i=estonia+per+capita+gdp+... [2] - http://www.theguardian.com/money/2014/dec/11/uk-living-standards-eu http://www.theguardian.com/money/2014/dec/11/uk-living-stand... [3] - http://www.wolframalpha.com/input/?i=bulgaria+per+capita+gdp+vs+uk+ http://www.wolframalpha.com/input/?i=bulgaria+per+capita+gdp... [4] - http://www.wolframalpha.com/input/?i=bulgaria+per+capita+gdp+vs+luxembourg http://www.wolframalpha.com/input/?i=bulgaria+per+capita+gdp...