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Depends how you count. China is significantly bigger if you use the methodology of a consumer market as "having people who spend more than $11 a day" or if you
by alwayseasy 3y ago
Depends how you count. China is significantly bigger if you use the methodology of a consumer market as "having people who spend more than $11 a day" or if you use PPP.
If you use "Household final consumption expenditure" then the EU is larger.
To chose the relevant definition of a "consumer market", usually what matters is where is the product made, the impact of distribution cost in the market and where are the profits going? For Alphabet, HFCE is the most relevant metric, because they're American and their product is software.
But sure, use a political definition that doesn't work for software.
- blibble 3y ago> Depends how you count. the metric the EU itself used to describe itself as the world's largest economy > But sure, use a political definition nominal GDP, again, the metric the EU used itself since the UK left the EU's nominal GDP is smaller than the US and China
- alwayseasy 3y ago> the metric the EU itself used to describe itself as the world's largest economy I'm sorry but they don't describe themselves that way. When they did it was GPD/capita: https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/eu-position-world-trade_en https://policy.trade.ec.europa.eu/eu-trade-relationships-cou... Anyway you completely evaded the topic. We're talking about "consumer markets".