The data up to 2024 is accurate, and predictions after 2024 are for reference only, thank you for watching the video. If you enjoy exploring data-driven stories like this, subscribe to RankX for more fascinating videos about the world around us! 🌍✨ 🔔 Subscribe here: www.youtube.com/@RankXOfficial/?sub_confirmation=1
We need more indicators for the wealth or power of a country. Imagine you build very durable goods, like houses, buildings, roads, cars etc. so that you don't have to produce many of them and don't need much maintenance to keep them in good functioning state without expert maintenance repair people. That would mean your GDP would go down, while living standards would stay the same or even go up. Or take African traditional houses: they can be built in a matter of days with material that is available for free in the direct environment all year round.
Glad my little country showed-up on the list, but would a 'per capita' number be more relevant?
There will be a GDP per capita PPP video coming soon. Stay tuned.
India ❤
The data up to 2024 is accurate, and predictions after 2024 are for reference only, thank you for watching the video.
If you enjoy exploring data-driven stories like this, subscribe to RankX for more fascinating videos about the world around us! 🌍✨
🔔 Subscribe here: www.youtube.com/@RankXOfficial/?sub_confirmation=1
We need more indicators for the wealth or power of a country. Imagine you build very durable goods, like houses, buildings, roads, cars etc. so that you don't have to produce many of them and don't need much maintenance to keep them in good functioning state without expert maintenance repair people. That would mean your GDP would go down, while living standards would stay the same or even go up. Or take African traditional houses: they can be built in a matter of days with material that is available for free in the direct environment all year round.