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The hamburger standard MORE COUNTRIES Data for the countries below are not provided in printed editions of The Econo atest 2.90 Aruba Argentina 1.48 1.50 49 Belarus Australia 2.27 1.12 170 1.86 Colombia 2241 Britain 3.37 1.545+16 Costa Rica 2.61 233 1.10 Croatia Chile 2.18 483 25 China 3.59 Estonia 2.27 ech Rep,2.1319.527F 2,35 1.4 4.46 9.57 Georgia 1.62 Euro area3.28*1.061+13 Honduras Hong Kong 1.54 4.14 -47 Iceland 6.01 15 Hungary Jamaica 1.88 39.0 Indonesia 1.77 39 dan3,65089 26 Kuwait alaysia 1.33 208 Lebanon 1483 New Zealand 2.65 1.50 8 Lithuania 2.26 Philippines 1.23 23.8 Macedonia 1.84 32.8 Poland 1,63 2,17 Moldova 1,93 793 ssia 1. 45 50Moco00.260.82 ngapore 1.92 1.14 Nicaragua 2.19 11.9 63159 South Africa1.864.28-36Nmy5.1812.2 South Korea 2.72 1.103 6 Pakistan 1.90 37 3.94 10.3 Switzerland 4.90 Saudi arabia 0.64 Taiwan 2425923aka198228-32 Slovenia 2,42 17 2.581.362069 Sni Lanka 1, 48.3 Ukraine 10.3 "At current exchange rates tPurchas' ng-power party #Average of New York, Chicago, San Francisco and Atlanta sOllars per pound Weighted average of member countries tt Dollars per euro Sources: McOonald's: The Economist Weight watchers The global economic picture thus looks hugely different when examined through a PpP lens. Take the pace of global growth. anyone wanting to calculate this needs to bundle together countries growth rates, with each one weighted according to its share of world gDP. Using weights based on market exchange rates, the world has grown by an annual average of only 1.9% over the past three years. Using PPP, as the iMF does, global growth jumps to a far more robust 3. 1% a year. The main reason for this difference is that using ppp conversion factors almost doubles the weight of the emerging economies, which have been growing much faster. Measured at market exchange pPP they account for almost hal ht for less than a quarter of global output. But measured using rates, emerging economies accouWeight watchers The global economic picture thus looks hugely different when examined through a PPP lens. Take the pace of global growth. Anyone wanting to calculate this needs to bundle together countries' growth rates, with each one weighted according to its share of world GDP. Using weights based on market exchange rates, the world has grown by an annual average of only 1.9% over the past three years. Using PPP, as the IMF does, global growth jumps to a far more robust 3.1% a year. The main reason for this difference is that using PPP conversion factors almost doubles the weight of the emerging economies, which have been growing much faster. Measured at market exchange rates, emerging economies account for less than a quarter of global output. But measured using PPP they account for almost half
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