4 ms·
GDP per capita of EU used to be higher than the US.
by hartator 2y ago
GDP per capita of EU used to be higher than the US.
- deleted 2y ago[deleted]
- mariusor 2y agoAnd then poorer countries joined the EU. I'm not an economist but I think that's how it's supposed to work.
- rsynnott 2y agoI'm not sure that's ever been true on PPP? It may have been on a nominal basis from time to time due to a weak dollar (1 EUR hit 1.60 USD or so during the financial crisis), but that's of limited interest for the average person.