Poorest US state rivals Germany: GDP per capita in US and Europe
Poorest US state rivals Germany: GDP per capita in US and Europe
Mississippi, the poorest state in the United States, is close to surpassing Europe's largest economy Germany's GDP per capita. Euronews Business compares US states with European countries.
The poorest US state's Gross Domestic Product (GDP) per capita is higher than that of Europe's top five economies, except for Germany. However, Mississippi competes closely with Germany, with a difference of just €1,500.
GDP is a worthless measure of an economy.
Please share your, much more realistic measures!
There's a lot of good suggestions, but for a more direct replacement, instead of GDP per capita (which is similar to mean income), I prefer median income. I don't care about the average income (which can be inflated by the ultra-rich), I care about the income of the average citizen.
Unemployment minus underemployment, poverty levels, homelessness level, per capital debt, etc.
Maby one that values happines, health, etc over shareholders profits.. All that Gdp is in the pockets of the rich.
Bhutan's Gross National Happiness.
Murders per capita (giving and receiving).
The extent of wealth inequality in the United States versus Europe makes GDP per capita a useless figure, given that most of the wealth only benefits the 0.01%. After taking it out of the equation and accounting for ridiculous health care costs (the lowering of which via universal healthcare would free up substantial financial resources to fuel the growth of other sectors of the economy), even Eastern Europe could be considered prosperous in comparison to Mississippi.
euronews is owned by a company allied with authoritarian despot Viktor Orban, I’d stop sharing it.
And yet somehow most people would rather live in Germany.
Amazing eh?how many of them really know what the difference is? most only know the stereotypes and not the reality of living there. I've spent about a week in both - enough to know that both are actually nice places and that the common stereotypes are like all a gross exaguration with only a little truth.
As someone who moved from the US to Germany almost two years ago I'd like to chime in here for anyone wondering if the two countries are really similar.
They're not, Germany is way better. Maybe not for everyone, definitely not in all aspects, but it's like teleporting to the future by 30 years.
I've lived in Kansas, Iowa, California, Florida, Colorado. I'm now living in Baden-Württemberg. Simply by moving to Germany I now walk or train everywhere (no car), my vacation doubled (6 weeks not including holidays), I have worker protections (it's not as easy to fire me), unemployment would cover something fuckin crazy like 80% of my current salary if I was fired (I'm not worried about this but what a relief to know society wouldn't just grind me up if I got a short streak of bad luck), medicine is easier to get and healthcare is a marginal cost every month (compared to self hundred in the US), I make slightly more money after conversion and my take home is roughly the same (so the whole taxes are so high thing is offset by cost of living and line items being removed like healthcare and car). The grocers are better here but the restaurants were almost universally better in the US, at least compared to where I'm currently living. I have a quick path to citizenship, people speak great English in general (but I'm learning German cause I want this to be a permanent move). And I can make day trips to multiple countries' major cities by train.
It's night and day. Again, it's not all sunshine and rainbows, it's not necessary the best at things everyone may care about, but the average metric rose a meaningful amount simply by crossing a border (lol to simplify the process).
The US is just way behind in the metrics that matter, human-centric, quality of life metrics. I say all of this not to say "wow US bad", to gloat or what have you, but to say "it can get better and it could get better quickly if political power was redistributed to those who cared about quality of life instead of GDP or their stock portfolio.
AMA
It's neat to game the numbers like that.
Now do happiness, life expectancy, and more things other than filthy lucre.
ha, mass transit across the entire country and then some, healthcare thats better than the US.. and they dont tolerate nazis..
seems like its more than worth it to live in germany than the US