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Purchasing power

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  • votrubam
    The United Nations has released its latest comparative numbers concerning human development in over 180 countries. One of the indicators is per-capita GDP
    Message 1 of 1 , Oct 5, 2009
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      The United Nations has released its latest comparative numbers concerning human development in over 180 countries. One of the indicators is per-capita GDP expressed in purchasing power. It is not the average income, nor anything tourists experience based on the rate of exchange between currencies, but it is an approximate hint at the relative wealth of the people. Here's a comparison of purchasing power in Central Europe in 2007 with Slovakia set at 100:

      203 Switzerland
      186 Austria
      171 Germany
      120 Czech R.
      100 Slovakia
      _94 Hungary
      _80 Poland

      By comparison, the US was at 230 and Norway with the highest human development index in the world was at 266.

      The differences between the Central European nations were fairly small with all the human development indicators factored in (education, longevity, etc.):

      109 Switzerland
      108 Austria, Germany
      103 Czech R.
      100 Slovakia, Poland, Hungary

      The US stood at 109, Norway at 110.

      Martin
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