4 ms·
> Something more than a quibble: while the EU has a higher total GDP, that doesn't translate into a higher purchasing power or standard of living---which can ge
by adamt 17y ago
> Something more than a quibble: while the EU has a higher total GDP, that doesn't translate into a higher purchasing power or standard of living---which can get complicated.
In terms of GDP and purchasing power parity, then Wikipedia says:
* US GDP (PPP) = $14.26 Trillion (2009) [1]
* EU GDP (PPP) = $15.26 Trillion (2008) [2]
[1] http://en.wikipedia.org/wiki/Economy_of_the_United_States http://en.wikipedia.org/wiki/Economy_of_the_United_States
[2] http://en.wikipedia.org/wiki/Economy_of_the_European_Union http://en.wikipedia.org/wiki/Economy_of_the_European_Union
- hga 17y agoAnd when adjusted per capata, based on the above Wikipedia articles for the EU, with the US population from the US article for 2010 (i.e. it's high for this calculation): US GDP (PPP) 14.26 Trillion / 308,951,000 = 46,245 US$ EU GDP (PPP) 15.26 trillion / 498 million = 30,643 US$ Not a small difference....