Posted on 01/27/2008 4:20:38 AM PST by tomjohn77
1 Luxembourg $ 80,800 2007 est. 2 Qatar $ 75,900 2007 est. 3 Bermuda $ 69,900 2004 est. 4 Jersey $ 57,000 2005 est. 5 Norway $ 55,600 2007 est. 6 Kuwait $ 55,300 2007 est. 7 United Arab Emirates $ 55,200 2007 est. 8 Singapore $ 48,900 2007 est. 9 United States $ 46,000 2007 est. 10 Ireland $ 45,600 2007 est. 11 Guernsey $ 44,600 2005 12 Equatorial Guinea $ 44,100 2007 est. 13 Cayman Islands $ 43,800 2004 est. 14 Hong Kong $ 42,000 2007 est. 15 Switzerland $ 39,800 2007 est. 16 Iceland $ 39,400 2007 est. 17 Austria $ 39,000 2007 est. 18 Andorra $ 38,800 2005 19 Netherlands $ 38,600 2007 est. 20 British Virgin Islands $ 38,500 2004 est.
Just interesting facts that could start a discussion. Lately I have heard from a friend that wage in the US is as bad as in South America. Well, $25000 a year after a college degree is not much.
All the 8 countries on the list above the U.S.A. don’t have the combined population of half of our states.
Please give me Apples to Apples.
(Everybody in Norway probably works for NOKIA)
Whooo-boy. How informative. Now, how about defining what “PPP” is and what it supposedly means?? As it is, the posted information is just useless gibberish.
Wait, where’s Sweden on that list? I thought its socialist economic policy made everyone well off and was a beacon of hope for the world! /s
What is PPP and does this take in consideration cost of living? I just turned down a job in St Thomas for more than I can make here, but cost of living was double.
When you have everything paid for by the government, why would you need a big salary?
Nokia is a Finnish company.
Norway is there due to oil revenue, much like Kuwait, only with a better non-oil base.
Lay out the PPP between Florida, California and Mississippi for a baseline.
PPP = Purchasing Power Parity (Not point-point protocol, for you nerds).
It attempts to take into account both income and costs.
I don’t see Canada and our gov’t is ever citing such lists to prove it’s best.
A PPP exchange rate varies depending on the choice of goods used for the index (CPI). Hence, it is possible to deliberately or accidentally bias a PPP exchange rate by the choice of a bundle. Indeed, it may be hard to construct equivalent representative bundles for the consumption habits of very different societies. PPP could also have difficulty accounting for differences in quality between goods in one country and equivalent goods in another, see: consumer price index."
Dear Euro-freeper:
This week started with European and Asian markets plunging in panic and hysteria, many thought the world would end.
American markets, went up.
Any questions?...
(PS: $25,000 pays rent for a year, on either US coast.)
Ok. First of all, the “best economy” is a completely meaningless phrase. You are writing here about the highest per capita income based on purcase price parity.
Note to the other Freeper about what PPP actually stands for.
Secondly, the comparison of small, oil rich nations to the United States is ludicrous. If you compare the PPP income of these nations to the oil rich areas of Alaska or Texas or perhaps to the high income areas of the US like San Francisco or New York, you would find the overwhelming lead rests in the US. For that matter, there are some extremely wealthy pockets elsewhere in the world as well.
So, if you would like to comment on American relative economic wealth and well-being, perhaps it is more sensible to compare the amount of money Americans spend on energy. If an American wastes huge amounts of money heating and cooling their giant house and/or powering their extremely large vehicle, one can then ask is the quality of life actually higher, or do Americans merely require more wealth to achieve a similar level of comfort that more modest climates - such as most of Europe - can deliver without such a large expeniture of resources on energy.
I do not really know the answer to my own question, but I know it is a much smarter way of relative comparison than the bludgeon of comparing what are essentiall city-states with a continental nation.
On the other hand, it is probably dark most of the time where you are, so you are no doubt bored.
Go here to see the GDP by PPP Comparisons
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29
Go here to see the COMPLETE list per capita...
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita
Only because the US is the most socialist country when it comes to the financial markets.
You mean Norway is water-based?
Norway's numbers are skewed by the low population and the *huge* revenues from the oil wells in Norwegian waters.
How can you make a meaningful comparison between a couple of Channel Islands and the United States? Also, I wonder how much of the Cayman Islands wealth is from money laundering.
I will say there is one interesting point made here and that is to illustrate how wealthy Ireland has become. An amazing testimony to the power of low taxes and free enterprise. A lesson it’s neighbors are determined not to learn.
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