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The US is top 10 in PPP gdp per capita, and almost all of the states that are higher up are either tiny oil and gas states (eg Qatar, Brunei, Kuwait) or small s
by Armisael16 4y ago
The US is top 10 in PPP gdp per capita, and almost all of the states that are higher up are either tiny oil and gas states (eg Qatar, Brunei, Kuwait) or small states that focus on financial services for much larger areas (Luxembourg and Ireland for the EU, Singapore for the indopacific).
Seriously, the highest population in any state with a higher GDP per capita than the US is the UAE.
#1? Maybe not, but it's certainly pretty close in any useful discussion.
- shuckles 4y agoDo you know if the petro state per capita figures include the migrant/indentured workers employed there?
- Armisael16 4y agoPer capita figures do include full-time residents, even migrant workers. They do not capture international commuters (most relevant for Luxembourg, which gets something like half its workforce from neighbors).
- Retric 4y agoThe US economy is more focused on finance and fossil fuel extraction than Ireland, which easily beats the US in terms of PPP per capita. Remove resource extraction and financial services from all economies and the list does look different, but the US’s position is still far from #1. Also, PPP comparisons between countries are rather suspect as costs for housing, food, etc vary widely across the US. There’s plenty of ways to run these numbers but the results are surprisingly arbitrary.