3 ms·
Not quite sure what you're getting at, but that claim is not true. The US economy was roughly comparable in size to the EU's 15 years ago but is now nearly 1/3
by AlchemistCamp 3y ago
Not quite sure what you're getting at, but that claim is not true. The US economy was roughly comparable in size to the EU's 15 years ago but is now nearly 1/3 larger than the EU + UK, or about 1/2 larger than the EU without the UK: https://www.ft.com/content/80ace07f-3acb-40cb-9960-8bb4a44fd8d9 https://www.ft.com/content/80ace07f-3acb-40cb-9960-8bb4a44fd...
- deepsun 3y agoSeems like the difference is in PPP vs Nominal. Numbers are hard. Matching the numbers: US / EU / Europe: Nominal [1]: 27.0 / 18.4 / 25 PPP [2]: 15.5 / 14.6 / 21 My point was that EU is higher than #6, as well as Germany, whatever the metric. But, as I was corrected below, they meant "sixth" as share, not as rank. [1] https://www.imf.org/external/datamapper/NGDPD@WEO/USA/EU/EUQ https://www.imf.org/external/datamapper/NGDPD@WEO/USA/EU/EUQ [2] https://www.imf.org/external/datamapper/PPPSH@WEO/USA/EU/EUQ https://www.imf.org/external/datamapper/PPPSH@WEO/USA/EU/EUQ