Comment Comment by mrb Note this chart shows nominal dollars, not PPP-adjusted. The EU has certainly kept up with the US when looking at PPP GDP from 2008 to 2022:US grew from $14.8T to $25.5TEU grew from $14.3T to $24.3TWhat that means is that the prices of goods are inflated in the US compared to similar goods in the EU. That's all.Want something interesting? Look at China who grew from $10.0T to $30.3T over the same period (!)Sources: https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat... https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat... https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat... parent mrb 3 years ago
US grew from $14.8T to $25.5T
EU grew from $14.3T to $24.3T
What that means is that the prices of goods are inflated in the US compared to similar goods in the EU. That's all.
Want something interesting? Look at China who grew from $10.0T to $30.3T over the same period (!)
Sources: https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat... https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat... https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...