Monday, February 28, 2011

Which countries match the GDP, population and exports of Chinese provinces? + Which countries match the GDP and population of America's states?

[mEDITate-OR:
believe that all "states" are the same.
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And, then realize that being in The Great "State" of Californication is unlike any other.
And, then realize that it is simply not true, or just.
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These two Economist "interactive graphs" present some stunning comparisons.
Fun to do, very interesting to see.
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Which countries match the GDP and population of America's states?
IT HAS long been true that California on its own would rank as one of the biggest economies of the world. These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis. But how do other American states compare with other countries? Taking the nearest equivalent country from 2009 data reveals some surprises. Who would have thought that, despite years of auto-industry hardship, the economy of Michigan is still the same size as Taiwan's?
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Which countries match the GDP, population and exports of Chinese provinces?
China is now the world’s second-biggest economy, but some of its provinces by themselves would rank fairly high in the global league. Our map shows the nearest equivalent country. For example, Guangdong's GDP (at market exchange rates) is almost as big as Indonesia's; the output of both Jiangsu and Shandong exceeds Switzerland’s. Some provinces may exaggerate their output: the sum of their reported GDPs is 10% higher than the national total. But over time the latter has consistently been revised up, suggesting that any overstatement is modest.
What about other economic yardsticks? Guangdong exports as much as South Korea, Jiangsu as much as Taiwan. Shanghai’s GDP per person is as high as Saudi Arabia’s (at purchasing-power parity), though still well below that in China’s special administrative regions, Hong Kong and Macau. At the other extreme, the poorest province, Guizhou, has an income per head close to that of India. Note that these figures use the same PPP conversion rate for the whole of China, but prices are likely to be lower in poorer provinces than in richer ones, slightly reducing regional inequality.
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Which countries match the GDP, population and exports of Chinese provinces?
http://www.economist.com/content/all_parities_china
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Which countries match the GDP and population of America's states?
http://www.economist.com/blogs/dailychart/2011/01/comparing_us_states_countries
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