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How much does the world cost? (pg. 2)
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| Renzo |
Speaking of currency, the Euro is at $1.56 right now in relation to the American dollar.
WOW...that is crazy. When I was a foreign exchange consultant, it was right at $1.20 and that seemed like a lot at the time. |
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| nchs09 |
| quote: | Originally posted by Lira
I think Google can buy it. |
Ya, but we can overthrow the google goverment like a proper latin american country :D |
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| Stef De Roux |
| quote: | Originally posted by nchs09
Ya, but we can overthrow the google goverment like a proper latin american country :D |
I sense bay of pigs in web 2.0 |
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| diggerz |
| quote: | Originally posted by Krypton
EU: $14.38 trillion
USA: $13.84 trillion
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i call b.s
show me the source
how odd,
14.38
13.84
both figures have the exact same numbers. |
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| Krypton |
| quote: | Originally posted by Lira
Source? How come Brazil costs roughly the same as its GDP? I'm no expert in economy, but isn't it just the total market value of all final goods and services produced within the country in a given period of time? If so, 1.8 trillion would be just cost of everything produced last year, and you'd have to spend a tad bit more to afford everything produced previously :conf: |
GDP is the purchasing power of a country. The assets which can be collateralized. Source is the CIA World Factbook.
| quote: | Speaking of currency, the Euro is at $1.56 right now in relation to the American dollar.
WOW...that is crazy. When I was a foreign exchange consultant, it was right at $1.20 and that seemed like a lot at the time. |
Good for American exporters, that's for sure! |
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| diggerz |
sketchy source.
but
read on
http://futurist.typepad.com/my_webl..._gdp_grew_.html
| quote: | A breakdown of the wealth creation, by country (in direct currency conversion, not purchase power parity (PPP)) :
United States : 25.0%
EU (a collection of 24 separate countries) : 12.6%
China : 9.5%
Japan : 5.8%
India : 3.0%
Russia : 2.5%
Rest of World : 41.6%
A large economy with a slow growth rate, like that of the EU, produces a similar portion of the pie as a small economy with a high growth rate, like that of China. This also means that India and China will soon be contributing a much larger percentage of the pie, as their currencies appreciate through increased exports.
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dated :( |
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| diggerz |
i heard a journalist from DW claiming that the E.U does not have the resources that the U.S has, making the E.U very dependable of U.S economies.
Currency rates mean to me. not exactly, but there are other factors to consider. |
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| Krypton |
| quote: | Originally posted by diggerz
i heard a journalist from DW claiming that the E.U does not have the resources that the U.S has, making the E.U very dependable of U.S economies.
Currency rates mean to me. not exactly, but there are other factors to consider. |
I'm looking specifically at the purchasing power of all potentially collateralized assets in each country/union! |
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| diggerz |
| Ok, but those assets don't really mean anything until they/and if they can be liquified into purchasing power matter (cash), what assets were included/ excluded ? and how many of those are owned by the government ? I'm in bed, will check on that tomorrow |
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| Krypton |
| quote: | Originally posted by diggerz
Ok, but those assets don't really mean anything until they/and if they can be liquified into purchasing power matter (cash), what assets were included/ excluded ? and how many of those are owned by the government ? I'm in bed, will check on that tomorrow |
Woah dude, relax! These are estimates. GDP changes everyday as asset values change. Go have a look at the CIA World Factbook. |
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| diggerz |
| quote: | Originally posted by Krypton
Woah dude, relax! These are estimates. GDP changes everyday as asset values change. Go have a look at the CIA World Factbook. |
Yes, but if you are going to post a statistic, always show your source. At least that's what they taught me to do.
Numbers on their own are misleading.
(I'm very relaxed right now, hmmm) |
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| diggerz |
| Thanks for sharing. :cool: |
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