3 ms·
> The right metric for international comparisons is purchasing power parity (PPP)-adjusted output MER is the right metric for most uses. But for comparing grow
by beefman 2y ago
> The right metric for international comparisons is purchasing power parity (PPP)-adjusted output
MER is the right metric for most uses. But for comparing growth no currency conversion is needed, obviously.
In every period to 2023 from 1995 (1995-2023, 1996-2023, 1997-2023 etc) US GDP growth has exceeded EU GDP growth.
US output is 59% higher than in the year 2000. EU output is 36% higher. (Constant local currency data from the respective governments.)