Also, both real GDP and real GDP per capita would be more than 50% higher today.
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One way of checking that is to look at GDP per capita for the country.
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Those wages are in the range of 49% of GDP per capita to 83% of it.
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Note that GDP per capita in the 2000s was the second lowest for the last 110 years.
In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia.
All of the GDP per capita PPP values were taken from the World Bank Database and refer to 2011.
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"In terms of GDP per capita, it is certainly getting poorer or not developing as fast, " the EIU's Thaker added.
Over the last five years the country has prospered and the GDP per capita has increased by a substantial amount.
The real shocker: Ireland's GDP per capita now tops England's by 15% and is second only to Luxembourg's in Europe.
It has the population of Saudi Arabia, the GDP of Algeria and GDP per capita similar to that of South Africa.
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But the most intriguing figure (besides GDP per capita, which is the most important, and Corruption, the most damming) is internet usage.
This chart shows US GDP per capita from 1948-58 and Russian GDP per capita from 1998-2008 (the last year available in the dataset).
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Remember that the U.S. GDP is still nearly three times that of China, and U.S. GDP per capita is more than 10 times more.
From 1985 to 2009, real GDP per capita rose by 43 percent, so per-enrollee spending on higher education has approximately kept pace with that.
As the storm raged, its link to the greenback held tight, and GDP per capita fell by much less than it did in neighboring countries.
They found that, over the long haul, economies with slower GDP per capita growth produced better real returns on shares than faster-growing ones, and vice versa.
Supporting evidence: In 2010, the United Nations ranked China 92nd on its Human Development Index, and the IMF places it 94th in terms of GDP per capita.
Aggregated population statistics and data on GDP per capita and disposable income correlate poorly with the size of specific income segments, a core determinant of the attractiveness of consumer markets.
The country's GDP per capita was then two-thirds of England's.
Watch countries exposed to runaway food price inflation such as those with a low GDP per capita and a very high percentage of food relative to total household consumption.
Yet expected real GDP per capita growth of 4% annually over the next five years in a country of 1.1 billion means a lot of customers to go around.
Clearly and obviously the people living and working in the country cannot all, in aggregate, earn more than that GDP, not each individually more than the GDP per capita.
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In the case of Russia, the early years of the Yeltsin administration saw the Russian GDP per capita falling about 50%, and the dismantlement of the major industrial parks.
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The U.S. may be richer per capita, but if unemployment keeps up as the IMF expects then median income and wages will continue to decline even if GDP per capita goes up.
The remaining 110 million people have a gdp per capita of 8500 which is a bit lower than russian average of 1300 but still higher than romanias and bulgrarias 8400 and 7100.
Of the top 10 urban regions in the world in terms of GDP per capita all but one Abu Dhabi in the United Arab Emirates are located inside the United States.
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The 1.5 million inhabitants of Erdos, a city rich in natural resources in the otherwise poor western part of the country, will have a higher GDP per capita than Hong Kong in three years time.
Petersburg and the energy-rich Khanty-Mansi Autonomous area (Yugra), Tyumen Region and Yamalo-Nenets Autonomous Area have together they have 30 Million people and have a gdp per capita fo 31, 000 dollars in 2011 (i calculated my self).
Telecomunicaces de So Paulo serves a market of 34 million people in the state of So Paulo, which, if it were a nation, would be the richest in Latin America in terms of GDP per capita.
While the Wall Street Journal (and others) look at China on a GDP per capita or the average spending power of the populace, these sources are overlooking the spending size of the upper middle and upper classes.
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