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Ralph L's avatar

I see braille signs in hallways and elevators and wonder how the blind find them.

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E. H. Hail's avatar

Per-capita GDPs:

.

[2014]

- 100: Poland

- 100: Hungary

- 100: Russia

(the three had equal per-capita GDPs as recently as 2014, according to the World Bank (with Russia's higher than the others for 2011-2013).

.

[2024]

- 176: Poland

- 164: Hungary

- 105: Russia

.

Supposedly most of that impressive-looking 2014-to-2024 GDP per-capita growth for Poland occurs after 2022. The line resembles very much what happened in the mid-2000s before the 2008-09 crash. (Thereafter, Poland was able to exceed its 2008 high-water mark only by 2018.)

_________

UPDATE 1: Some suggest a portion of Poland's +76-point growth by 2024 (2014=100), especially the unusually high growth of 2023-24, is driven by increased military spending after 2022. (The Ukraine War: the same ultimate reason why Russia has had zero net growth in that decade.)

There are lots of other things going on, naturally. In the long-run, it's a catch-up effect and clearly tied to the German economy. Measuring by labor productivity-per-hour, the numbers are less-impressive-looking than GDP per-capita, because Poland's workers work far MORE [thanks, AM] on-the-clock-hours than do Western European workers.

UPDATE 2: See further comments and explanation of why Nominal and not PPP is the basis for these comparisons, here:

https://www.stevesailer.net/p/diversity-in-poland-the-blind/comment/160686585

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