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> Shouldn't the world's richest nation be doing better? I think you'll find that the US is the 9th richest country in the world: https://www.gfmag.com/global-
by Jaruzel 10y ago
> Shouldn't the world's richest nation be doing better?
I think you'll find that the US is the 9th richest country in the world:
https://www.gfmag.com/global-data/economic-data/richest-countries-in-the-world?page=12 https://www.gfmag.com/global-data/economic-data/richest-coun...
Us Brits are way lower, at #27 (and falling due to brexit no doubt).
- morninj 10y agoThe United States is far ahead if you measure by nominal GDP.
- lorenzhs 10y agoBut GDP per capita is a pointless measure if you don't correct for the cost of living. The more interesting number is when you correct for how much you can actually do with the money earned. That's PPP (purchasing-power-parity), the measure in the article. Note that that doesn't measure quality of life. Qatar may take the top spot in that ranking, but has large amounts of foreign workers employed under some not-so-nice conditions. Almost 90% of the population are foreign workers with temporary residence status: https://en.wikipedia.org/wiki/Demographics_of_Qatar https://en.wikipedia.org/wiki/Demographics_of_Qatar
- soperj 10y agoThe US has a bunch of foreign workers employed under some not great conditions either(maybe not compared to Qatar?).
- wehadfun 10y agoQatar, Lux, Sing, Hong Kong, Brunei, are more like cities then countries. I doubt the UAE is counting their slaves in their GDP numbers. Norway and Kuwait are probably the only real countries in the list that are ahead of US.