this post was submitted on 05 Feb 2024
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cross-posted from: https://infosec.pub/post/8004138

How do you measure the economic success of a country?

By one classic measure, GDP per capita shows individual economic prosperity. But comparing countries simply by this metric doesn’t tell the whole story. To get a better idea of living standards, it helps to look at how far your money will go along with adjusting for labor productivity.

This graphic shows the world’s richest countries by three different measures, based on data from The Economist and Sondre Solstad. All figures are in U.S. dollars.

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[–] [email protected] 1 points 9 months ago

I expected the 2 missing countries of the G8 (Japan, Russia), as well as South Korea to be in that top 26. I was also thinking that Canada would be higher.

Taiwan is also missing, but apparently it's because official statistics aren't available for political reasons.