The History of GDP Per Capita by Country (1960-2021) 

6 times

Accepted. But not

All thanks to indian "democracy" system

That is due to much more efficient government with long term plans,some other contries has similar experience like Korea which used to controlled by the millitary man for 10s years. But the secret of the world is that , the developed coutries are ahead of other contries 200 years ago. Nothing do with the so called freedom and democrocy, just check what thoes contries do 200 years ago, and you will know why they get rich.

@@kakaxifx4913 Bro Indian government is focusing on Indias growth But the problem is only Indians know foreigners don't know

確かに

Ну так они в потолок уперлись в потолок и дальше никак

可惜

잃어버린 30년

@@user-zx9ro4rb3m Exactly

Cause it’s the only thing western countries can’t be surpassed... but it is as pointless as the total gdp, the important thing is how money is distributed

@@nicolocarpanzano2327 GDP per capita explains the money distribution...

They serve a different purpose.. Total GDP = How rich a COUNTRY is // GDP per capita = How rich the PEOPLE in a country are. Example: Swiss people are richer than Chinese people, HOWEVER, China is richer than Switzerland. One shows how well the money is distributed within a country and the other how much money a country can afford to spend.

@@tuabuelaentanga8454 no it’s simply gdp/number of people. You can have 10 pepole: 9 with 0$ and 1 with 100$, the gdp per capita is 10. Same thing if you ave 10 people with 10$ each.

@@titus_philemon yep but you can have few people with a huge amount of money anda many people with nothing

Sorry Joe but Chine GDP per people is not 12.500 US Dollars per person

@@byan8257 You bliend

@@byan8257 Are you blind ??

@@byan8257 yeap you are right, it's 12551 in the end not 12500.

It’s really not that surprising. It will start to slump again this decade. I’m expecting to see a decent rally in India tho.

I remember when I was 7(2004）, my teacher earned 400rmb a month. it's only 50 dollars per month.

China had lower GDP per capita than most African countries in 1990s, most because China devalued its currency a lot for exporting benefits, and China definitely had better infrastructure than those countries in that periods.

@@coryplum5375Most because Chinese people's hard work and patience.

I bet China will be Superpower at 2022 Dec 22 7:13pm UTC 💪

Amazing what you can do if you really don't care about the environment and the government really doesn't care what you think.

Nice good job huh

@@blizardgamer676 As an Indian its not good for us but happy for Bangladesh, they have faced a lot in the history. We got independence in 1947 and they got in 1971. They catched up very well and yes I know India is going to grow very rapidly but we really want Bangladesh to grow equally. Lets compete Bangladesh, we both have a very bright future and probably we can change the image and fate of South Asia.

China And India Will Rise Again In Future 😂 No One Can Stop Them

Measure PPP per capita

Lol 2550 gdp per capita is not a big deal you are still considered poor . Look how European countries are doing

The most innacurate "Videos" ever

@NAME Bullshit. Your a ccp agent or something. Argentinas problem was that there was no moderate and stable government for a long time. It has nothing to do with Us. And Yes, good to keeping china a middle income country. A powerful china is bad for the world.

@NAME It's always someone else's fault. It still doesn't explain how other Latin American countries managed to catch up and even surpass Argentina.

@@basedchad6035 lol, hes a chinese aggent for speakong historical truth about argentina? Lol, another brainwashed yankee

@NAME tienes razón name , en este país la izquierda solamente quiere ganar la presidencia para quedarse en el poder , no mejorar el país, la derecha está más empeñada en caerle bien a los EEUU como un simple sirviente , es más este país no tenía deuda hasta hace el 2016-2018 un gobierno opositor a la eterna e inútil izquierda y aún mas corrupta.

@@KillerChair1 so explain why every single country in South America has been interfered with by the US army at least once? They literally bombed presidential palaces siding with coups. They have been banned by the United Nation because they were too invasive.

Wow

Yeah, because nominal GDP (per capita) is completely useless. If you have an overvalued currency, your nominal GDP (per capita) will be way higher than it should be. The only one that matters is GDP PPP per capita.

Yes because Chiang Kai-shek, the man who made Taiwan a Tiger of Asia, died, and the CIA murdered Chung Hee Park, the man who made South Korea an economic powerhouse, and of course Marxists destroyed the Estado Novo of Portugal to ruin the tremendous success of Salazar.

@@DSocha-cu4qw Both are important. Both are showing different part of whole picture. You can’t just decide that one is what matters and the other one doesn’t. When someone creates valuable industry (lets say software development) people in that industry tend to have more money, that usually inflates prices for rest of local economy. Since they have more money they can outbid others and buy local houses, which makes prices of those houses higher. To be able to afford them other jobs demand raises as well, so everything becomes more expensive. That’s why GDP per capita PPP is important, because cook, barber or mechanic do the exact same work as cook, barber or mechanic from poorer country. So from that point of view with less money you can still get same life. But there is still that valuable industry (usually multiple of them) that is putting more revenue into that economy. So that economy is in fact richer. They can buy more stuff in terms of import. It’s not like some country just happens to overvalue their currency (usually when they do, they can’t keep it up long before it falls). Disregarding nominal GDP per capita takes away this insight.

And Russia, China, India, Pakistan, all of South America, all of Africa (excluding Gabon) and lots of other places

I feel you I'm from LATAM :c

becuase of conflict and dictators that mismanaged them. Sad to a country go down that road.

I bet China will be Superpower at 2022 Dec 22 7:13pm UTC 💪

Pero si casi toda América hispana esta en verde.

@中国历史 China no 1中國 🇨🇳👍🔥

印度如果能成为我们的消费市场，其实挺好的，毕竟14亿人。

@@nacy8563 Very soon you are gonna lose your market🤣

I want the same

@@travelmanicsandy3925 In 2021, India's imports from China also increased by 28% from US $68.4 billion in 2019 to US $87.5 billion. Since then, in 2021, the total foreign trade between India and China has reached 110.4 billion US dollars, and the (trade) deficit with China has increased from 51.2 billion US dollars in 2019 to 64.6 billion US dollars.

@@nacy8563 plz d9nt think about business think about peace

The Saddam effect

Why you just talk about Iraq and not syria smh...Syria use to be really good even in modern history

Thanks to American democracy

@@mujtabarashid3847 The United Sanctions of America effect

@Анастасия Борисова what are you talking about, saddam invaded kuwait and was subsequently kicked out by an international coalition. It is entirely saddam's fault.

I think Singapore is higher than that. Ireland also changed dramatically from the 1960s to now becoming third or second in the world in gdp per capita

@@precision2190 it changes every year Sometimes it can go as low as $45k and sometimes as high as $100k

Much thanks to Mr. Lee Kuan Yew! A visionary leader that does not come around often. You Singaporeans are so lucky for having him!

@@az0989ejdje “as low as 45k” those words show you have it good.

@@UnstoppableEmpire lol

Unfortunately that's not what's happening in India rn. Instead the government focuses only on giving agenda for their parties

Thats exactly what people with brain like Sundar Pichai, Indrana Noori, Satyam Nadela etc did. and guess what, Indians are still taking credit for them booting the country. What a bunch of losers!

You gotta understand that development happens there where there isn’t development yet. India will likely be similar to China the next booming economy in the next 30 years with a relatively stable government. China meanwhile is slowing down. If you’re Indian and you want better living standards then go somewhere else, if you want to ride that development wave I’d stay. Just because India hasn’t developed much especially compared to the rest of the world in the last 80 years doesn’t mean it won’t in the future.

It's doesn't mean stagnated. It just means India developed at the same pace as most countries in the world while China developed faster than most countries in the world. You're commenting as if India didn't develop at all after 1960.

Basically what every sane person (including me) is trying to do.

The UK and the US can answer your questions

@@gulijim8080 nop as an argentinian i can aswer that years of populist politics whit not real intenton of solve country problems in the large run dont care the politic side there is no argentine politic who want to risk hes carrer to solve the problems and when someone try you find out how even people of hes party trys to savotage it aka macri whit the laboral reform the only one or two thing he tried during hes governament

They focus on "social justice" nowadays instead of solving their economic shortcomings

@@edwardcardozo8325 the social justice is propaganda for a couple privileges on buenos aires in the rest of the country everything or is private or are services like shit at the price of gold on misiones electricity is like 300% more expensive than buenos aires and it's funny because yacyreta is like 100 km of misiones

@@gulijim8080 shifting the blame to other won't solve anything

Ye s loOK India 2021

So your country wants to realize “ common prosperity “?🤣

@@jacktam7673 what is so funny about that? Why not give it a try?

@@nathanlin2263 because it’s just like turning water into oil. It’s delusional and daydreaming thoughts.

@@jacktam7673 this is communism and this is what CCP is doing now.

Another example: - Chile have a higher GDP per capita than Brazil, therefore Chileans can afford more vacations, buy larger houses & work less hours than Brazilians. - Brazil have a larger total GDP than Chile, therefore Brazil can stay at war for much longer, afford more social programs and host larger events than Chile.

@@titus_philemon china has bigger population than Switzerland if Switzerland population is like china than Switzerland will be 100 time richer than china

@@mohamedbinrahidkhankhaledb4066 not necessarily. It’s not easy to make 1.4 billion people that rich.

@@mohamedbinrahidkhankhaledb4066 Right... But is not. So China is richer!! Population is also a resource... If Switzerland couldn't get their population up, that's Switzerland's fault. Plus, 1 rich person divided by a country of 3 million people would make everybody look rich (as in reality, is just 1 person). But a country of 213 million would need SEVERAL rich man to even make a dent.

@@titus_philemon It costs $20 for a haircut in Swiss while only cost $3 in Thailand. GDP = Goods + services + government spending + net trade. True GDP should be Goods + net trade only. A country also can run government spending deficit for higher GDP but that is fake GDP. US ran $8 trillion government spending deficit in 2019. Subtract that and the US GDP would drop by 33%.

Thumara desh ki halath deko pehle

@@mohammed_sadiq. apne desh ko bachao India Mai rehna hai tu hijab ko bhul jao or apni aukaad Mai raho nahi tu Pakistan dafa hojao 😁😁😁🤣🤣🤣

love from china😃

你好 巴基斯坦

love from CHINA

GDP growth of India is good from 2003 Chinas GDP growth is good from 1985

Bot

@@amscrt 😂😂 you can close your eyes but you need to understand India is sick.. Indian government was sleeping till 1990s.. Literacy rate in India is 76%, IQ 83 Infrastructure: nill as compared to China.. Trade 1/10th of China... Exports of India are equal to Vietnam.. Lack of transport, Lack of Skilled labours in country of 1.4billion people... Health care budget is not even comparable to China... When they had 3$ trillion economy.. BJP have made people believe to that Hindus are in Danger 😂😂 That funny to see that region like Tibet and Xin jiang have Bullet trains but in India even Maharashtra and UP have one😂 India have no hope to be next China in today's scenario... Bangladesh and Vietnam have more potential to support Businesses as compared to India

@@mrrandom347 Good?? Compare growth rate of India of today and China when they had 3$ trillion economy

@@stilxfound3813 Ya fairly true

The pound is much more valuable than the dollar yet it has little to no effect.

The pound is much more valuable than the dollar yet it has little to no effect.

I agree GDP per capita depends on the value of money qatar and the USA have similar GDP per capita but qatari people receive $600000 a year as a basic income and medical and education are all free Much higher quality of life than the average american

And if raise the minimum wage GDP per capita goes up I hate this Thats because per capita GDP goes up, but prices go up even more The progressive president of korea is an fool

@@start3215 This is one of the most stupid comments I think i have ever seen 😂, There’s thousands of other statistics that disagree, Median disposable income per capita is just one, there’s also more household wealth, 10% of American adults are millionaires, we don’t live in commie blocks either we live in the second biggest houses in the world, much more job opportunities, best universities, higher quality education, higher salaries. I can go on and on.

I'm glad you have some money

Happy for you brothers. You are doing great

Very small countries btw my respect for your growing economy

lol

Ok

Thats what happens when america kicks down your door to spread Freedom(tm)

😭😢

Bro check iraq in 1991 from dark green to dark red in 1 year

hope it's the same with india🙏

China made everything cheaper so other poor country have a chance to grow instead of being stuck

Saludos desde argentina

What about Trinidad🇹🇹😔 my small island is sad and suffering in the Caribbean

@@myyoutubechannel9137 love to Trinidad, you people are humorist and having a beautiful country , specially love for DJ bravo,Narine,Pollard and all the Caribbean cricketers.

What about others

Thanks man from Brazil 🤝🤝

Wow that’s crazy

Nah not accurate

You call Kazakhstan, Chile, and Bulgaria rich countries?

@@ThisCapybara relatively speaking

@@ThisCapybara they are rich

Happy about what? That you're not very very very poor, but very very poor?

@@eeddie25 I don't think he is Bangladeshi

Uncle Sam said no to you, i feel you, sadly..

That's the cost of a US-sponsored color revolution.

Not sure what this video was doing, syrias gdp per capita was the same as vietnam today.

@@UnstoppableEmpire syria was rich but the people poor There was money but with a spicific group of people

@@ahmadanbar4473 And nothing changed, it just got worst😞

I thought its third after brunei😅

To tell the truth, Malaysia would be poorer than Africa if there were no Chinese, Malays should be grateful to the Chinese for their contributions, and the Chinese control 80% of Malaysia's economy

it's okay without chinese. We still could grow up with our soo many resources. We might not be like nowadays, but we will never be like africa.

@@adadisini2898 Stop bragging, why do Malays implement unfair policies to protect Malays? ? The first country in the world where the majority ethnic group is protected, and then the ethnic minorities drive the development of the entire country. Malays are famous for being lazy and not smart. They recognize the reality without the development and contribution of the Chinese. Malaysia is nothing. Singapore also depends on the Chinese. The Chinese are the best in the world.

@@adadisini2898 If Malaysia had a Chinese prime minister, Malaysia would be one of the most developed countries in the world. Sadly, the Prime Minister of Malaysia is Malay so Malaysia is not as developed as Singapore

Probably bc much of Europe just came out of a war

@@randomstuff7668 In 1912 Argentina had the 5th highest GDP per capita (PPP, the only one that matters, not nominal) in the world. There was no war in 1912.

@@DSocha-cu4qw who was ahead of Argentina?

@@DSocha-cu4qw what about 6 years later, after the end of the Great War

@@DSocha-cu4qw It is said that when Europeans think someone is rich, they say the person is as rich as an Argentine And now Argentina is stuck in endless debt and inflation, what a shame

Both very poor very expensive . Costs of life are unsustainable there .

India in ppp terms is 11.35 trillion It means India controlled it's inflation better then the world.

Even India changed

ما اسم دولتك ؟

Can you give your no1 reason why you don’t like the Chinese government?

@Arthur Smith the people's efforts are definitely bigger no doubt, if China has a small population it won't had gotten to the phase like nowadays.

Have neighbors like Hong Kong, Taiwan, South Korea and Japan helped. Many low wage factories in Hong Kong and Taiwan moved to China.

Why you dislike CCP? Your government is incompetent and will never achieve what CCP does for it's country.

@@molamola8305 haha look at this CCP bot

Thats what the fall of the USSR does to the economy

Gorbachev’s staffs are bribed by promised shares of state-owned firms

@@bens4801 no, countries were better without the ussr, even russia got better

yeah fall of USSR made it worse.

@@69amogus420 more like the money went into the oligarch's hands

Am also Belgian ✌

Soy argentino

China now 18% share for global Gdp

@@Cuocsongphonui with me: More Population=higher GDP

@@thuyvannguyenthi1459 so VietNam 100 milion people.. but the size of enocomy only same size of Singapore.. with 5 milion people.. wtf do you ep it.. other .. India with 1,4 bilion people share 17,75% of the world' population .. but the economy only 4% of the world' enocomy 'enocomy... so you said.. More populatuon = higher Gdp.. how about VietNam 100 milion people.. ( gdp nominal 380 bilion us dolar , India 1,4 bilion people.. gdp 3 trilion us dolar, indonesia.. 275 milion people gdp 1,3 trilion Us dolar.. ) lol how about it

@@thuyvannguyenthi1459 California, the State california has GDP similar to India yet they only have 39 million people and germany has 83 or 82 million people and was soo F**kin destroyed after ww2 yet they today they have a higher Gdp han India and dont use British rule as why india failed its not that, because India had an open economy before China but theyre growth was much slower and worse, than any other country in the world. its because of its goverment who yes are democratic but corrupt and Btw Chinese goverment is much more corrupt than India but they still grow well its because the leaders although evil they know growth in India tbh idk why theyre growth is slow i mean they have a huge coastline theyre geography is good and they have good relations with west but however they still cant

Even Indians g.d.p was worse in the past

Inflation

@@golonawailus4312 capitalism

@@NoVisionGuy the Fed

No its not richer its inflation. Im from Europe and i was richer in the 90's then iam now with a lower GDP

@@tormentor6737 so you are saying china should outsource its industry and let the aggressive financial capitalism take over the country like it happened in USA?

@@tormentor6737 You are wrong. High Income doesnt mean higher standard of living. What people dont realize is that many of these high income countries also have insane living costs and citizens pay huge taxes. products also cost a lot. A better metric for quality of life is PPP than nominal GDP> The quality of life is measured by how much money you are left at the end of the month after all the expenses, rather than how much money one is payed. China has extremely low cost of living compared to western countries and one might even say they have comparable standards of living. Another thing is is messed up about GDP is its an average meaning it doesnt show the wealth redistribution which is very unequal in most of the western countries. Basically if you take away the richest 30% of USA you will end up with a 3rd world country GDP. Those richest 30% are insanly raising the GDP average.

I agree. Also during the Mao era it is also suppressed since most industrial and agricultural assets are not priced on capital markets at all and thus not counted into gdp. The accounting is simply different. Conversly part of the reason why China grew so much in the late 90s was because of capitalization drive countrywide where things started to get counted.

Bangladesh was not even a country during mughal

@@User_47536 He mention that

Bang ladesh was never world's top economy during Mughal times. Mughals des troyed Bang ladesh. Today's Bang ladesh had the best economy during Ancient India times i.e. during Gupta and Mauryan times...

During the era of the Mauryan empire (contained modern day Afghanistan, Pakistan, Bangladesh and India) All countries that were in its territory were prosperous. India had 1/3rd of world economy then! Mughals reduced it to a 1/4th of the world economy. Don't be stupid.

GoGo Asean, this time is our time to shine

Congratulation malaysia. But Indonesia will overtake after Stopped export Minerale to Europe, and 2024 after Indonesia smelter done, Indonesia will be the biggest world minerale finished exportir. (Fact, Indonesia have so many Resources)

Japan back then was economically strong. It used to be on third place in GDP per capita among OECD countries just below Luxembourg and Switzerland. It is sad how the current economical state of Japan has become. I hope Japan can recover and be strong again as it used to be during mid 80s to mid 90s. Dont get me wrong, Japan economy is obviously not bad but yeah, has been stagnating for almost two decades isn’t an ideal thing. Best of luck to Japan!

Better yet, buying power, only index that really matters.

@@RogerRamos1993 buying power IS GDP PPP

@@calvyncraven1141 But the better metric is median or average salaries. Spending that many times benefits no one is counted in GDP.

@@RogerRamos1993 median salary is not very applicable in China as well as the price of goods varies greatly from one city to another.

@@calvyncraven1141 That's way comparing cities is better than comparing countries. Country comparisons are only a starting point when discussing which are the best countries to have a family, to find a job, to pursue a an academic career (?), etc...

Is just another FAke vídeo as as Almost everyone in NET . You Will not find One good quality Stuff about real truth on this World if is not from me cause Whole World is ignorant brainwashed

Bro ur not even Indian

中国分配不均。底层跟印度一样 过得很辛苦

@@user-tz2yu4gx7z u r from ?

@@user-tz2yu4gx7z 目前只有北欧不是这样，美国差距更大

@@user-tz2yu4gx7z 幼稚了，美国差距更大。国内只是竞争巨大，真的要活下来，比美国容易多了。

I have been following China's gdp too

Fuck the soviet union, bunch of commies

@@PolishGod1234 u mad bro? Watch more proamerican television

@@bidlogun7796 Poland has been under vommunism from 1945 to 1989, so 5hat's enough to make me consider communism to be shit

@clouds And your state is destroying monuments of heroes, who died fighting in WW2. I didn't even say a thing about Poland. Why do you immediately spray all your sh*t on me?

@@PolishGod1234 and? You've only given me a numbers, what should I get out of it. Or you one of those, who thinks communism is crap, because of Stalin's era or because the guy on TV said it. Well, maybe If everyone stinks of sh*t, then maybe it's you who f**ked up?!

A mi igual.

Latin America is very western they can immediately accept economic reforms because they always look at North America.

Asia is also very populated but there is massive reforms in Asia compare to Africa it takes time to see the changes.

Latin America could be much richer without American capital.

Did you really expected Latin America to be on the same level as Africa?

Commodity prices collapsed and so did the Soviet economy. The whole thing was so crazy inefficient that they were even buying grain from North America, lol. The recovery also came due to the economic reforms of the 90's. Now that Russia turned to fascism and state capitalism there's been no economic development since like 2013.

@@numetal_samurai Изучите структуру поставок СССР. Закупалось кормовое зерно низкого качества для корма домашнего скота, зерно высокого качества взращивалось и употреблялось самостоятельно и в нем не было нужды, так как покрывало потребность населения. Россия не обращалась к фашизму, она его победила в 1945 в Европе.

@@numetal_samurai I'm not familiar with the claim that USSR used to import grain from US. Thankfully, today Russia is one of the largest exporter the grain. As i can see worst economic situation in Russia used to be during the 90s "economic reforms". Russia hit the rock bottom. All these oligarch that we see in Russia are the product of the 90s "economic reforms". They can thank good, old, drunken Boris for their wealth. Regarding "Russian return to fascism", as far as i know Russia fought against fascism. Former fascist are today best American friends. And for the end let say something about state capitalism. This system saved US from Great Depression in the 30s, thanks to F.D.Roosevelt. And China is a classical example of state capitalism aldo many in the west stil believe that China is communist country.

You seem to forget that the brutal switch from subsidized and planned economy to market economy never happens smoothly. Decline is a part of the transition. Then there is the part of managing it, which can be handled greatly (damage limitation) or poorly (bankruptcies everywhere).

@@mladenmamic187 коммунистическая идеология и социалистический способ ведения экономического хозяйства в СССР потерял инерционное движение вверх и стал пожирать самого себя, как паразит на теле организма. Экономические реформы и экономический коллапс 90-х был заранее запланирован, чтобы сбросить старую коммунистическую элиту СССР, как надоедливого паразита. Кит чтобы избавиться от паразитов, которые ослабляют его здоровье перестаёт питаться и голодает, прекращая всякую физическую активность. В той же ситуации сейчас находятся США, чтобы избавиться от паразитарно разросшейся старой элиты, которая была заточена на противостояние с СССР, США надо переболеть и прекратить всякую активность, чтобы оздоровить экономику, идеологию и тд.. В США начинается коллапс экономики, который был в СССР в 90-е годы, вместе с собой США потянут вниз Европу и другие зависящие от неё страны.

@Hyderabad Ball mapping cost China province.. per capital high like Taiwan

@Hyderabad Ball mapping Democracy cannot bring about progress. Only progress can bring about democracy.

Lo que pasa es que Chile era un pais socialista, o sino hubiera sido el pais mas rico de sudamerica por decadas.

@@jensenhillbrook2968 En que momento Chile fue socialista?

No is not . Is very poor . So expensive .

@@emanuelferraz7865 per capita income there is now higher than in the UK.

@@sabrinarodrigues629 that is lie . About uk is very poor i have family from London and ireland . They are liars and very Corrupt . My family there accept that cause is Truth . They are distorted .

@@sabrinarodrigues629 that is why they go to Índia China Portugal cause uk is extremely poor with 20 million people under Extreme poverty on national and World levels . And uk is ONLY 52 million not 68 million . 68 million is with irelands and other parts scotland wales etc even they lie on their real economy population And size . Many in uk are from indian, Chinese other descendances from bangladesh sri Lanka Pakistan nigeria other Former colonies etc not only Former colonies .

Democracy cannot bring about progress. Only progress can bring about democracy.

@@nacy8563 SAD but true. India is technically more free than China but still poorer even though at the beggining they were as poor as the other

Вперёд от США вы не рабы.

@@lybovismirnova3465 We dont speak Russian my friend

@jaha chan Yeah I guess it pretty much depends on country's import share in the trade balance. In my country though (south east asian), I would say 80% of primary and second goods are affordable and domestically produced. Only luxury items are not, like high fashion or sports car. Also, a lot of countries right now are increasingly less dependent on dollar with the appearance of bilateral swap agreement, which eliminates us dollar as an intermediaries currency in transaction. Especially in south east asia, most countries here have swap agreement with China, from which they import almost all basic neccesity tools like Air conditioner, laptop, smartphone, in a fair price