3 ms·
Most of the difference is explained by the numbers of hours worked, since the GDP in purchase parity per hours worked is within 10 % between US and countries li
by cdavid 4y ago
Most of the difference is explained by the numbers of hours worked, since the GDP in purchase parity per hours worked is within 10 % between US and countries like France or Germany: see e.g. https://data.oecd.org/lprdty/gdp-per-hour-worked.htm https://data.oecd.org/lprdty/gdp-per-hour-worked.htm.
So those countries, implicitly or explicitly, made the choice so substitute income for more leisure. Whether that makes them richer/poorer depends on your perspective.