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US vs China GDP (PPP) & Military Spending Graphs

Data from World Bank

Gross Domestic Product (GDP) Purchasing Power Parity (PPP) for top seven countries in the world:
http://i56.tinypic.com/5m...

Military spending US vs China:
http://i53.tinypic.com/ru...



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I'm sure the numbers are wrong.

Looking at that again. The only thing the GDP (PPP) is good for is comparing one country to another, because all numbers are probably equally wrong.

So it's the relation that might be useful, rather than the actual numbers themselves.

Scary how inflated thoe numbers are according to SGS - I can see where a 9/11 even would be "needed" at the beginning of the century.

Congress has been pretendiong that the GDP is growing

I think Congress tracks the GDP because it is a decent measure of tax revenues.

But if the economy has been shrinking the tax revenues are also. But wait theirs QE...

It's pretty screwed up.

I see you point. As long as the same measure is used the comparison is more meaningful.

Free includes debt-free!

The main thing that surprised me is how close China is.

Close to passing the US. While our economy is going down, theirs is going straight up. The media and government act as if China is still way behind, and not even close to catching up yet.

Well, if you only look at GDP, that appears to be true with the US at $14 trillion and China at only $5 trillion:
http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_c...

However, it's now clear that GDP alone is deceptive, especially when it's measured in dollars not adjusted for inflation!

When you look at the GDP (PPP) China is skyrocketing towards passing the US in matter of years, with the US at $14 trillion and China at $9 trillion. Why would the collectivists not want us to know this? So we will continue wasting the money we don't have and not being concerned about the situation?

Normally you would expect media to fear monger, right? Maybe it's a ruse against the rest of the world - pretending nothing is wrong when things are collapsing?

It's definitely an eye opener for me.

I had a feeling something was wrong with this Google GDP graph:

http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_c...

Looking into it further I found that the problem with the above Google graph is that GDP is in US dollars and not adjusted for inflation.

While the GDP PPP is not adjusted for inflation either, it is at least adjusted for purchasing power, and gives a more accurate comparison between countries.

Now how come when you do a Google search for "GDP PPP" you don't get a nice top result for a Google Graph like when you do for plain GDP?

Central planners use these numbers?

GDP PPP -hmm something I don't know, yet.

Free includes debt-free!

I was searching and saw that CIA uses GDP PPP, not GDP

https://www.cia.gov/library/publications/the-world-factbook/...

Here is what they say:

This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

https://www.cia.gov/library/publications/the-world-factbook/...

Which doesn't necessarily lend it any more credibility.

:P

It looks like maybe you can upload data to Google yourself and create a Google chart:
http://www.google.com/publicdata/admin

I'll give it a try. But maybe I should try using the Shadowstat stats? Are you a subscriber? It looks like you have to log in to get the data.

It also looks like they don't have anything other than rate of change in GDP?