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China is 4x the population of the US. According to the OECD data, the US ranks #1 in mean PPP household disposable income at $62,300. China doesn't even crack
by TS89 3y ago
China is 4x the population of the US.
According to the OECD data, the US ranks #1 in mean PPP household disposable income at $62,300. China doesn't even crack the top 35.
For PPP Median dispoable income, US ranks #2 at $46,600 (barely below #1 luxembourg), China ranks 42 at $4,900. So in median terms an American somehow has 9.5X more disposable income than vs a Chinese person.
Source; https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c...
I don't really see the GDP PPP per capita as relevant, it's based on so many assumptions. The average American has way, way more money to burn when they travel for example vs the average Chinese person.
The US dollar is the world's reserve currency. There's 0 chance of China taking over the US in this role (population may shrink by half by 2060), I don't see the party that values control over all else ever allowing a free floating currency, and the concept of a bric currency is a joke, like expecting China and India to put aside their differences and make a common currency with an independent central bank... yeah right.
- deleted 3y ago[deleted]
- Retric 3y agoThere’s a lot of different measurements of that are useful on different contexts. PPP is the same adjustment as listing historic GDP in constant dollars. If you want to living standards you might want: Per capita GDP (nominal), Per capita GDP in constant dollars, Nominal per capita GDP PPP (nominal), Per capita GDP PPP in constant dollars. Per capital GDP PPP in constant dollars is the most useful for living standards but nominal numbers are more appropriate when looking at debt loads etc etc.