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Re: Purchasing power 2007

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  • Martin Votruba
    ... The EU doesn t have the final 2007 data for that, Ben, but their 2008 estimates may not be too far off. Using those, the US at 150% would be after Norway
    Message 1 of 5 , Dec 13 1:14 AM
      > where would the US fall if it were compared?

      The EU doesn't have the final 2007 data for that, Ben, but their 2008
      estimates may not be too far off. Using those, the US at 150% would
      be after Norway that is estimated to reach 180% this year, and ahead
      of Ireland at 140%, and Switzerland at 137%. For comparison, these
      are the relative purchasing power estimates for Central Europe for 2008:

      137% Switzerland
      125% Austria
      111% Germany
      _82% Czech R.
      _71% Slovakia
      _62% Hungary
      _55% Poland

      I put a map of the Slovaks' relative wealth within Europe here (down
      on the left):

      <http://www.pitt.edu/~votruba/qsonhist/regionalwealth.html>

      The EU estimate places the purchasing power in Slovakia at about the
      level of Portugal this year. (To use GDP for that is just an
      approximation -- differences in taxation, employment, health and
      social services, and other factors affect people's real capacity to buy.)


      Martin
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