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Economic Statistics

Swammerdami

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How about a thread NOT to debate economic or political controversies, but just to display simple economic data? I'll start with a
List of countries by GDP (PPP) per capita.
Have I mentioned that I think I have a slight(?) case of autism?
Flights of useless fancy?
In a recent thread someone mentioned  List of countries by GDP (PPP) per capita; I thought to myself "Let's understand PPP a little;" I Googled; I extracted a manageable list from said Wikipedia page.
Let me stress that this was IRRELEVANT to any points I or anyone else was making in the Political thread. I just exercised the craft of extracting awk'able data from a Wiki page, just as others might do some knitting or bite their fingernails. Extracting this data isn't quite as trivial as it might seem; I was pleased to build this list in less than a half-hour, less time than I spent on these comments.
Normally I'd just abandon the work in a folder somewhere and forget about it, but I thought "Having gone to the bother, perhaps a fellow Infidel will find the list useful." So here it is.

The Wiki page didn't show PPP, which I needed only for the comments about Thailand. I clicked and clicked at Wiki and finally found a useful PPP list at  List of IMF ranked countries by GDP -- an odd title for the page with a good PPP list, but I'm used to Wikipedia being . . . odd.

Notes:
1. I show the average of IMF and CIA estimates. I have omitted several, mostly smallish, countries.
2. Singapore and Ireland have misleadingly high GDP. This is due to their use as corporate tax havens: corporate shenanigans inflate official GDP numbers. (Some other tax havens were "smallish" so discarded when I opted for this more manageable List of 151.)
3. Numbers for Syria, Cuba, North Korea are 6-year old CIA estimates.
4. PPP can be VERY misleading.
5. Being familiar with Thailand I conclude with some comments about its numbers.

  • $112413 Singapore
  • $110367 Ireland
  • $99487 Qatar
  • $76434 Switzerland
  • $72186 United_Arab_Emirates
  • $70864 Norway
  • $68198 Brunei
  • $67690 United_States
  • $63093 Hong_Kong
  • $62872 Denmark
  • $61957 Netherlands
  • $59383 Iceland
  • $59290 Austria
  • $57367 Germany
  • $57288 Sweden
  • $55446 Australia
  • $55132 Belgium
  • $52979 Finland
  • $51863 Canada
  • $50714 Kuwait
  • $50051 Saudi_Arabia
  • $49410 Bahrain
  • $49198 European_Union
  • $49100 France
  • $48731 United_Kingdom
  • $47937 South_Korea
  • $47001 Taiwan
  • $46625 New_Zealand
  • $45236 Israel
  • $45106 Japan
  • $45031 Italy
  • $43609 Czech_Republic
  • $43234 Slovenia
  • $41429 Lithuania
  • $41375 Spain
  • $40863 Estonia
  • $38610 Puerto_Rico
  • $37333 Poland
  • $37133 Portugal
  • $36566 Hungary
  • $34460 Slovakia
  • $34225 Oman
  • $34012 Latvia
  • $33579 Turkey
  • $33448 Romania
  • $32025 Croatia
  • $31883 Greece
  • $30885 Panama
  • $29756 Malaysia
  • $29233 Russia
  • $28063 Kazakhstan
  • $26093 Chile
  • $25789 Bulgaria
  • $24416 Uruguay
  • $22887 Argentina
  • $22268 Costa_Rica
  • $21142 Serbia
  • $20560 Dominican_Republic
  • $20404 Belarus
  • $20170 Mexico
  • $19207 Thailand
  • $18845 China
  • $18216 Equatorial_Guinea
  • $17599 Botswana
  • $17187 Turkmenistan
  • $16944 Georgia
  • $16099 Bosnia_and_Herzegovina
  • $16046 Colombia
  • $15892 Brazil
  • $15579 Albania
  • $15531 Iran
  • $14699 Armenia
  • $14622 Libya
  • $14391 Moldova
  • $13979 Egypt
  • $13528 South_Africa
  • $13414 Paraguay
  • $13365 Sri_Lanka
  • $13363 Ukraine
  • $13286 Peru
  • $13019 Indonesia
  • $12576 Kosovo
  • $12555 Mongolia
  • $12300 Cuba
  • $12012 Algeria
  • $11988 Bhutan
  • $11531 Ecuador
  • $11488 Lebanon
  • $11465 Dominica
  • $11095 Tunisia
  • $10887 Jordan
  • $10854 Iraq
  • $10637 Vietnam
  • $9338 El_Salvador
  • $9172 Philippines
  • $9165 Guatemala
  • $8916 Bolivia
  • $8483 Laos
  • $8354 Morocco
  • $7406 Venezuela
  • $7196 India
  • $6827 Angola
  • $6392 Bangladesh
  • $6227 Nicaragua
  • $6040 Ghana
  • $5962 Mauritania
  • $5934 Honduras
  • $5877 Palestine
  • $5798 Ivory_Coast
  • $5631 Pakistan
  • $5392 Nigeria
  • $5235 Kyrgyzstan
  • $5161 Kenya
  • $4891 Cambodia
  • $4665 Myanmar
  • $4637 Syria
  • $4238 Nepal
  • $4225 Sudan
  • $4185 Papua_New_Guinea
  • $4041 Republic_of_the_Congo
  • $4009 Cameroon
  • $3706 Senegal
  • $3554 Zambia
  • $3552 East_Timor
  • $2987 Tanzania
  • $2983 Haiti
  • $2867 Ethiopia
  • $2846 Guinea
  • $2664 Lesotho
  • $2627 Zimbabwe
  • $2609 Uganda
  • $2468 Rwanda
  • $2428 Burkina_Faso
  • $2404 Mali
  • $2359 Togo
  • $2318 Yemen
  • $2228 Afghanistan
  • $1839 Eritrea
  • $1786 Sierra_Leone
  • $1700 North_Korea
  • $1645 Madagascar
  • $1609 Chad
  • $1544 Malawi
  • $1533 Liberia
  • $1328 Mozambique
  • $1321 Niger
  • $1267 South_Sudan
  • $1214 Democratic_Republic_of_the_Congo
  • $1061 Somalia
  • $994 Central_African_Republic
  • $782 Burundi

I am effectively spending dollars in Thailand (although they are dollars left over from the 20th century) so PPP is irrelevant to my personal spending. The above table shows a 3.5 ratio between USA GDP.PPP and Thailand's. With a 100/35 PPP ratio, the non-PPP GDP per capita ratio is almost exactly 10:1.

GINI plays a role when converting GDP per capita to wage or salary estimates. Thailand's GINI was somewhat higher than USA's when I first started looking 2 or 3 decades ago, but is now less than USA's. Still the GINIs of the two countries are about the same, so 10:1 is a useful rule-of-thumb for estimating a fairly broad range of wages and salaries.

Thailand's PPP=35 becomes 100 when pricing iPads or gold bullion, 68 for Big Macs. Gasoline prices depend on subsidies and taxes; the gasoline PPP is now about 100 -- prices the same as USA. (Diesel fuel was subsidized ca 1990, a reason large pick-ups were popular!)
 
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It does an interesting job of providing relative strength of African states; not surprisingly the three Sub-Saharan states who were in the world cup this year are all among the strongest African nations.

It's heartbreaking to see those near the bottom. Not great places to live.
 
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