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Interesting, the economic output per capita of Qatar, UAE and SA appears to come from oil resources rather than human capital.
by belltaco 7y ago
Interesting, the economic output per capita of Qatar, UAE and SA appears to come from oil resources rather than human capital.
- adventured 7y agoRight, Singapore is the only hot nation that is also high in economic output per capita and not heavily dependent on oil/gas for their output. Taiwan ($25k output) is also comparable to Australia on avg yearly celsius, it'd be hit or miss to make the top 100 hottest countries list. Thailand has a shot of breaking out of the grouping. They're about as hot as Singapore, and their GDP per capita has climbed to ~$7,200 (up from $2k 17 years ago). Given another 10-15 years I could see them matching something like Hungary or Poland today (~$15k output). And before the crash, for a decade, Venezuela used to be a moderately successful economy and they're also comparable to Singapore on heat (another oil resource state though).