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The difference in per-capita GDP between the poorest and wealthiest US states is small compared to EU nations. I did some quick research: Luxembourg GDP Per Ca
by throwayyy479087 4y ago
The difference in per-capita GDP between the poorest and wealthiest US states is small compared to EU nations. I did some quick research:
Luxembourg GDP Per Capita: 114,370
Ireland GDP Per Capita: 83,990
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Romania GDP Per Capita: 12,510
Bulgaria GDP Per Capita: 9,850
vs:
New York GDP Per Capita: 93,463
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Mississippi GDP Per Capita: 42,411
Yes, NY transfers wealth to Mississippi but the scale of transfer and the relative number of wealthy states vs poor (there's like 5 in the deep south) means the dynamic is completely different. Without significant development in ex-Soviet states I'm not sure how the EU can hold together longterm.
- mojuba 4y agoNeither Romania nor Bulgaria use the Euro as a currency. I meant literally the Eurozone - https://en.wikipedia.org/wiki/Eurozone https://en.wikipedia.org/wiki/Eurozone
- vandreas2 4y agoThere is significant development in ex Soviet states https://tradingeconomics.com/romania/gdp-per-capita https://tradingeconomics.com/romania/gdp-per-capita https://tradingeconomics.com/estonia/gdp-per-capita https://tradingeconomics.com/estonia/gdp-per-capita https://tradingeconomics.com/bulgaria/gdp-per-capita https://tradingeconomics.com/bulgaria/gdp-per-capita https://tradingeconomics.com/poland/gdp-per-capita https://tradingeconomics.com/poland/gdp-per-capita https://tradingeconomics.com/lithuania/gdp-per-capita https://tradingeconomics.com/lithuania/gdp-per-capita
- mdemare 4y agoLuxembourg is extremely small, and Ireland's GDP is artificially high due to tax evasion by multinationals. Excluding those, the richest country in the Eurozone is Denmark, at $61000 per capita, and the poorest is Poland, at almost $16000 per capita.
- mojuba 4y agoPoland is not in the Eurozone, and as I said in the sibling comment, neither is Romania or Bulgaria. Eurozone is mostly wealthy countries, so the parent commenter's argument doesn't work here.