Professor Mark J. Perry's Blog for Economics and Finance
Interesting interactive chart for GDP per capita in each country. You can sort by religion (Muslim vs. Buddhist vs. Christian countries), language (English vs. French vs. Spanish-speaking countries), area size, population, etc.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
Unfortunately that chart averages by country instead of weighting the average by population. For instance, in North America, Bermuda is given the same weight as the United States!
Not all that useful.
@Jody, I think the interesting thing about the charts are comparing the individual countries in the different groups. Some of the variations are striking.
It's remarkable, U.S. per capita income is over $10,000 a year more than Western European countries, and the cost of living is lower in the U.S., because of lower prices, interest rates, and taxes, given the U.S. was basically a wilderness 200 years ago, while Western Europe accumulated over 2,000 years of wealth. Also, the vast majority of immigrants to the U.S. were poor.
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