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Canada and Sweden have almost identical GDP per capita: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita https://en.wikipedia.org/wik

• jollybean 4y ago
  Yes, but that's not quite my point. Also - those mean very different things. First - Canada has vast natural resources, which are like 'easy money'. Japan can't rest on the laurels of digging money out of the ground. This actually might be keeping Canada from developing institutions. Second - Government Spending is counted as GDP, which is a fairly odd thing because it's a measure of cost, not value. $1 in Gov. spending could create $10 in value. Or it could create 50 cents. We don't know. Sweden has huge levels of government spending so it's hard to say what kind of value is being created there. It makes all measures of GDP quite difficult.