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Taking the IMF PPP GDP per capita figures for Romania are $41,029 and the UK are $56,836. So even using the PPP multiplier for the UK as a whole (which will und
by laurencerowe 3y ago
Taking the IMF PPP GDP per capita figures for Romania are $41,029 and the UK are $56,836. So even using the PPP multiplier for the UK as a whole (which will underestimate for poorer regions with lower housing costs) that would put even the UK's poorest region on a par with Romania at $41,391.
(Nominal figures aren't completely useless. They reflect purchasing power for globally traded consumer goods.)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
- gumballindie 3y agoThat’s still quite an issue, considering Romania is not a prime example of economic development. Puts things into perspective.