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Only by nominal, by PPP the difference doesn't seem that different. US is $30 trillion by PPP, the EU is $29 trillion.
by someNameIG 2y ago
Only by nominal, by PPP the difference doesn't seem that different. US is $30 trillion by PPP, the EU is $29 trillion.
- ETH_start 2y agoPPP statistics don't account for the lower value of ersatz products/services. They artificially equate the value of product/service suites across countries, instead of relying on market price signals to gauge value.