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by ComputerGuru 3172 days ago
In a country like Brazil, there are people that would very desperately like those $25 precisely because of aforementioned disparity.

But that's the problem with a naive metric like GDP, which suffers from every documented problem with arithmetic mean.

Median income would paint a starkly different picture for the likes of India and Brazil.

1 comments

Brazil is actually ranks in the top half of country's by per capita earnings at 8,840. http://databank.worldbank.org/data/download/GNIPC.pdf

The median income is a little over half that at ~4,800$ per year. But no single person or family's income when distributed among the population would change that much.