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PPP is used solely to compare Portugal to a US federation unit. The economy of Portugal happens in Euro and Tennessee in Dollars, and that is immaterial to this
by namaria 2y ago
PPP is used solely to compare Portugal to a US federation unit. The economy of Portugal happens in Euro and Tennessee in Dollars, and that is immaterial to this argument.
- alephnerd 2y agoPPP is not a useful comparison unit when nominal $-€ conversions and costs are extremely well understood.
- namaria 2y agoWhich US state has an economy of a size comparable to that of Portugal? Does that change when the relative value of Euro to Dollar fluctuates?
- alephnerd 2y ago> Which US state has an economy of a size comparable to that of Portugal Oklahoma, but Oklahoma also only has 40% of the population of Portugal. Despite being in the Western half of Europe, Portugal is economically comparable to an Eastern European country like Poland or Slovakia. The only US territory (not state - even poor Mississippi has a higher median household income and GDP per capita than much of Western Europe excluding Germany and Scandinavia) that is comparable to Portugal is Puerto Rico. In fact, the problems Puerto Rico faces today in the US mirror those that Portugal faces in the EU.
- steveBK123 2y agoIf you are comparing the aid an EU country gets vs the aid a US state gets.. You do not really need to do any PPP or currency conversion. Take the GDP, in local value, against the aid they receive, in local value. Then you have a percent, which you can compare between the two agnostic of PPP/currency/etc.