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The 2017 number was a mistake by me, I wanted to look at inflation adjusted/PPP, and that was nominal. You can clearly see the massive effect of the Russian inv
by Certhas 2y ago
The 2017 number was a mistake by me, I wanted to look at inflation adjusted/PPP, and that was nominal. You can clearly see the massive effect of the Russian invasion of Ukraine and the resulting inflation in the data. If we were looking at nominal values, the opposite is the case: Nominally GDP is rising rapidly:
Nominal:
https://data.oecd.org/gdp/gross-domestic-product-gdp.htm https://data.oecd.org/gdp/gross-domestic-product-gdp.htm
PPP/Inflation adjusted not so much:
https://ourworldindata.org/grapher/gdp-per-capita-worldbank?tab=chart https://ourworldindata.org/grapher/gdp-per-capita-worldbank?...
But pretty much all countries are still well ahead of where we were in 2017. If you feel poorer than in 2017 it's because you're getting less of a larger pie, not because the economy is producing less than it did then.