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by hartator 729 days ago
GDP per capita of EU used to be higher than the US.
2 comments
mariusor 729 days ago
And then poorer countries joined the EU. I'm not an economist but I think that's how it's supposed to work.
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rsynnott 729 days ago
I'm not sure that's ever been true on PPP? It may have been on a nominal basis from time to time due to a weak dollar (1 EUR hit 1.60 USD or so during the financial crisis), but that's of limited interest for the average person.
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