Nel 2023, l’UE ha riacquistato il suo status di seconda economia più grande del mondo, superando la Cina, dopo aver perso il titolo a favore della RPC nel 2021
Nel 2023, l’UE ha riacquistato il suo status di seconda economia più grande del mondo, superando la Cina, dopo aver perso il titolo a favore della RPC nel 2021
This must be some exchange rate shenanigans, because China grew by 5% last year, whereas the EU grew by less than 1%.
LuukR on
China’s economic data was always fake to begin with
Cuidads on
China has most likely overinflated its official GDP for many years. This compounds over the years and their GDP is therefore probably off by a lot (Roughly estimated to be 60% smaller according to the article below).
Therefore, China’s GDP has probably never been larger than the EU.
Notwithstanding the known issues of Chinese accounting of macroeconomic figures, and the economic situation in both China and the European Union, it is refreshing to see hundreds of millions of people escaping poverty.
It is a big responsibility to maintain and even grow the welfare of the people, but it is a more interesting game than correctly guessing the opportunities available to a household based on simply the size & fertility of the land they cultivate and/if they hire labourers in their fields.
Stock-Variation-2237 on
no no no, you are doing it wrong. Here we only bash Europe and say how bad we are.
TorsteinTheFallen on
EU chart looking like 🥴
After_Ad_3741 on
The EU is not a singular economy
2001-Odysseus on
Good. Now let’s set our eyes on that #1 spot, because surpassing China is like doing better in life than the old bully you had back in school. It feels good, but you always knew Biff’s streak would be over.
pineapple_juice_love on
Upcoming US cabinet making sure we’ll claim our number 1 slot soon enough
IllegalBallot on
But…but…. PPP???
Witext on
Taking PPP (purchasing power parity) into account, China surpassed the EU in 2013, but since Chinese economic data is disputed, if we say Chinese GDP is actually off by 20%, they still surpassed the EU (accounting for ppp) in 2022
HgnX on
EU still does it badly. The report from Draghi was shocking. It’s more that Chinas reports are off
15 Comments
This must be some exchange rate shenanigans, because China grew by 5% last year, whereas the EU grew by less than 1%.
China’s economic data was always fake to begin with
China has most likely overinflated its official GDP for many years. This compounds over the years and their GDP is therefore probably off by a lot (Roughly estimated to be 60% smaller according to the article below).
Therefore, China’s GDP has probably never been larger than the EU.
Here is a video on it:
https://youtu.be/A5A5Eu0ra3I?si=PhfAiEwpssJ5GkbR
It goes through this research paper
https://www.journals.uchicago.edu/doi/10.1086/720458
gdp from china isnt really reliable
Shouldn’t Brexit give a larger drop?
Notwithstanding the known issues of Chinese accounting of macroeconomic figures, and the economic situation in both China and the European Union, it is refreshing to see hundreds of millions of people escaping poverty.
It is a big responsibility to maintain and even grow the welfare of the people, but it is a more interesting game than correctly guessing the opportunities available to a household based on simply the size & fertility of the land they cultivate and/if they hire labourers in their fields.
no no no, you are doing it wrong. Here we only bash Europe and say how bad we are.
EU chart looking like 🥴
The EU is not a singular economy
Good. Now let’s set our eyes on that #1 spot, because surpassing China is like doing better in life than the old bully you had back in school. It feels good, but you always knew Biff’s streak would be over.
Upcoming US cabinet making sure we’ll claim our number 1 slot soon enough
But…but…. PPP???
Taking PPP (purchasing power parity) into account, China surpassed the EU in 2013, but since Chinese economic data is disputed, if we say Chinese GDP is actually off by 20%, they still surpassed the EU (accounting for ppp) in 2022
EU still does it badly. The report from Draghi was shocking. It’s more that Chinas reports are off
So whole union against one country wow!!1