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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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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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.
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 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.
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.
This means that almost every country as far from the equator as Japan is near or above the world average GDP per capita, and almost every country closer to the equator than Japan is near or below the world average.
The results change a little whether you use nominal GDP per head (ie, just the plain numbers ) or PPP adjusted (to take account of different price levels) but the are a number of countries in Europe with higher GDP per capita than Germany.
If we analyze by annualizing that 203% growth in the consumer market, GDP per capita will have to grow at a rate of 6% and consumer spending will grow at 7.8% between now and 2020, outpacing GDP growth by nearly 2%, consistently for the next 8 years.
Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies.
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