Stat of the Day
G-7 countries, ranked by increase in real GDP per capita, from 1995 to 2005:
United Kingdom........26.7%
Canada................25.9%
United States.........25.6%
France................19.0%
Italy.................14.7%
Germany...............11.2%
Japan..................9.5%
IMF numbers, if you're wondering. (Stolen unceremoniously from Michael Mendel's 'Economics Unbound' blog at BusinessWeek.)
posted by T.R. Cooper @ 10:06 AM
1 Comments:
Mendel's comments on the rankings are a bit disingenuous (or foolish), as he ignores the relative starting points. Growth of 6% above France is not so bad when you consider that the beginning level of PCI was $10 grand higher for the US. Of course, you could pop a big hole in the joy bubble by throwing in growth in inequality over the same period.
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