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Amoxtli@thelemmy.club to World News Non-USEnglish · 5 months ago

Poorest US state rivals Germany: GDP per capita in US and Europe

uk.finance.yahoo.com

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Poorest US state rivals Germany: GDP per capita in US and Europe

uk.finance.yahoo.com

Amoxtli@thelemmy.club to World News Non-USEnglish · 5 months ago
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Mississippi, the poorest state in the United States, is close to surpassing Europe's largest economy Germany's GDP per capita. Euronews Business compares US states with European countries.View on euronews
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  • Blue_Morpho@lemmy.world
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    5 months ago

    I think it is common knowledge that US workers produce more per capita. The problem is that US workers don’t get the benefits or income from that productivity.

  • iii@mander.xyz
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    5 months ago

    The weak EUR also reflects this: from 1.2USD for 1EUR to 1.03USD for 1EUR in 10 years time.

    EU imports a lot of goods (finished products, raw products, fuels), and doesn’t make many products anyone outside of the EU is interested in buying. Germany’s one major industry used to be cars, but that’s dying now that china does it better and cheaper.

    • BatrickPateman@lemmy.world
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      5 months ago
      • Cars are important but far from the only thing Germany exports (machinery, chemicals):
        https://www.deutschland.de/en/topic/business/germany-in-world-trade-most-important-facts-about-imports-and-exports

      • Going through the list quite a big chunk of trade happens with non-EU partners, moat notably US and China bit really from all over the non-EU world https://www.destatis.de/EN/Themes/Economy/Foreign-Trade/Tables/order-rank-germany-trading-partners.pdf?__blob=publicationFile

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