4 ms·
Here's Venezuela's great GDP/capita: http://www.google.it/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:VEN:COL:BRA&hl=en&dl=en#!ctype=
by stefantalpalaru 11y ago
Here's Venezuela's great GDP/capita: http://www.google.it/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:VEN:COL:BRA&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:VEN:COL:BRA:CHL:ARG&ifdim=region&hl=en_US&dl=en&ind=false http://www.google.it/publicdata/explore?ds=d5bncppjof8f9_&me...
And the terrible living conditions for the general population: http://www.bbc.com/news/world-latin-america-19649648 http://www.bbc.com/news/world-latin-america-19649648
Correct me if I'm wrong, but GDP includes government spending so if the government increases the public debt in order to spend more, the GDP increases without any relation to the value of goods and services.
And then there's the downright manipulation done in the European Union by introducing estimates for prostitution and drug trade to cater for differences between countries where those are part of the official economy and those where they are completely in the black market.