Re: per capita GDP numbers : bogus?



yarmfelder@xxxxxxxxx wrote:
> Hi folks,
>
> Recently I noticed that the per capita GDP
> for France as compared to the USA was once
> very close. In 1991, France was only a tiny
> bit behind the USA. However when I look at
> the recent numbers, the USA's per capita GDP
> seems to have skyrocketed. This makes little
> sense to me however, because the US dollar
> has taken such a nosedive in the past 2
> years.
>
> Can someone tell me what is *really* going on
> with this metric?
>
> Thanks,
> yf
>
> Also, a link to some data
> http://www.econstats.com/weo/V011.htm

Is the data you saw adjusted to purchasing power parity (PPP)?
If it is, it will take into account how much stuff you can buy per
dollar, so exchange rate fluctuations are eliminated.

.

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