I thought others might be interested in the following information:
A country by country financial comparison for one year, 2011, in U.S. dollars. GDP = Gross Domestic Product = all spending in each country.
GDP per capita = the average GDP for each person in the country.
Annual GDP per capita of the United States…$46,380, population 315 million.
Annual GDP per capita of BRICS (Brazil, Russia, India and China):
Brazil $8,220, population 194 million; Russia $8,690, population 149.9 million; India $1,030, population 1200 million; China $3,680, population 1400 million.
Average is $5,405 GDP per capita of BRICs.
So..my questions: Is the U.S. 8.58 times as expensive as the average of the BRICs nations? How does the U.S. acquire (create) so much extra money to spend? If the U.S. is indeed 8.58 times as expensive as the average of the BRICs nations, how will we ever compete with them in a global market?
Source: The World Pocket Atlas (Metro Books) N.Y. 2011 Edition
Steven G. Carlson
Grand Marais
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