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The PPP ranking reflects local cost of living, which is comparatively low in PR. In nominal terms, it's below NZ and Israel and just ahead of South korea. htt
by jpatokal 9y ago
The PPP ranking reflects local cost of living, which is comparatively low in PR. In nominal terms, it's below NZ and Israel and just ahead of South korea.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
- emodendroket 9y agoWell, still, nobody thinks of South Korea as a poor country, right?
- rayiner 9y agoAlso, in nominal GDP per capita, Taiwan is ranked right next to Slovenia. Which doesn't accurately represent the real standard of living in the two places.