October 12, 2001

A Link to One of My "Interesting Graphs"

Cross-Country Real GDP Comparisons 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. Posted by DeLong at October 12, 2001 09:54 PM | TrackBack

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