4 ms·
I think these calculations are essentially horseshit. Norway is an oil company with a nation state subsidiary. Salaries and purchasing power are significantly
by Mizza 3y ago
I think these calculations are essentially horseshit.
Norway is an oil company with a nation state subsidiary. Salaries and purchasing power are significantly lower than the in US. Is there an alternative to GDP that doesn't include externally invested oil profits?
- epolanski 3y agoWhy do people feel personally offended by these statistics? It's a GDP per capita with some adjustment ranking. Don't understand why is it triggering you. The news isn't about average salary or purchasing power.
- kwhitefoot 3y agoIn Norway we distinguish between offshore and onshore GDP [1]. The ool income goes straight into the oil fund and that does not invest in Norway and neither does a large amount of the income generated from it get spent in Norway. So yes, there is an alternative, just do the statistics properly. [1] https://www.ssb.no/nasjonalregnskap-og-konjunkturer/nasjonalregnskap/statistikk/nasjonalregnskap/artikler/bnp-fastlands-norge-tok-seg-opp-igjen-i-mai https://www.ssb.no/nasjonalregnskap-og-konjunkturer/nasjonal...
- RadixDLT 3y agoit's not just Norway, all the oil rich countries float to top on this list. So indeed they are calculating how rich is the country's bank accounts because the money is distributed through social services, which is basically free money.