Jul 1, 2011
Is the US really that rich?
As blogged on Carpe Diem, according to new BEA data on GDPs per capita at PPP exchange rates, US states are way richer than European countries. Of course PPP exchange rates are not perfect to capture standards of living as ham in the US is not the same as ham in Italy. But still...
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2 comments:
A more accurate comparison would be between the US states and similar administrative levels (states, provinces, regions) in other countries.
you're right... some regions in Europe such as Bavaria, or those around big cities such as Paris and London are probably way richer than their country as a whole.
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