Here’s a little puzzle for you. Can you match the countries with their per capita GDPs? The countries illustrated in the graph are Australia, Canada, Euro area, Japan, New Zealand, U. S., and U. K. Click on the graphic for the answer.
What Can You Tell From Real Per Capita GDP?
September 2, 2015
Consider Japan. All sorts of very well-informed people have been whining about how terrible Japan’s economy is. It’s doing just about the same as other “rich” countries. Better than we are especially when you take the Gini coefficient, a measure of income inequality, into consideration.
One of the differences is that although Japan’s economy is growing very slowly, its population is slowly shrinking. Something to think about.
Got Australia, New Zealand,UK and EU correct. Didn’t expect Japan to be ahead of the US.
Steve
I knew that Japan would be doing well because I had recently read a couple of pieces on the subject. Japan has problems, but they’re no where near as bad as publicized. (Just as their meteoric rise was over-hyped in the 1980s, for that matter.)
It’ll be interesting to see how well Australia does with a collapsing Chinese economy.