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> nominal GDP per capita of only $3,700. GDP is not a good measure of whether people have their needs met or not, doesn't factor in COL > in a poor country w
by insane_dreamer 2y ago
> nominal GDP per capita of only $3,700.
GDP is not a good measure of whether people have their needs met or not, doesn't factor in COL
> in a poor country with very limited opportunities for upward mobility
on the other hand, with its economy growing and an open-minded leadership, opportunities for enterprising young people would generally be greater
> youth unemployment rate is 16%
to put that in perspective, that's about the same as the EU
- snowwrestler 2y agoAnd it is a big problem for the EU as well.
- notahacker 2y agoThe PPP adjusted for COL puts Bhutan roughly on a par with Sri Lanka or Indonesia, which suffice to say are countries where a lot of people don't get their needs met. There's plenty of intra-EU migration driven by youth unemployment, and I suspect that the Bhutanese unemployment benefits - if they exist at all - aren't as generous. And I think the Llotshampa might have something to say about how open minded the Bhutanese leadership really is...