Cross-Country Real GDP Comparisons

J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/

October 2001


Source: Economist

  • Results for selected countries only...
  • There continues to be a surprisingly, surprisingly large gap between real GDP per capita in the U.S. and real GDP per capita in the other industrial economies.
  • South Korea is now clearly to be counted as among the "industrial" rather than the "developing" countries.
  • If you believe these numbers, then living standards and productivity levels in China and the Philippines today are roughly equivalent to those of the United States in 1925; living standards and productivity levels in India today are roughly equivalent to those of the United States in 1880.
  • Real GDP per capita in Nigeria is now 1/4 of the level of India and 1/7 the level of China. In 1950 Nigeria was arguably the more developed and more prosperous economy.


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