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To: BroJoeK

Interesting - if you Google Per Capita Income by Country, you get $15k per year for Russia from Wikipedia, for 2024.


33 posted on 01/01/2025 7:10:12 AM PST by BobL
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To: BobL
BobL: "Interesting - if you Google Per Capita Income by Country, you get $15k per year for Russia from Wikipedia, for 2024."

Right -- per capita is an average income, where Vladimir Putin and other oligarch billionaires are averaged in with factory workers and waitresses.

By contrast, median income is: half make more, half make less, and so it's not changed by how wealthy the wealthiest Russians are.

Remember, the original question was -- the cost of a dozen eggs, which in the US averages $3.65 and in Russia $1.40.
But, when we compare even Russia's nominal GDP per capita of $14,953 to the US $86,601, the US is 5.8 times more, which makes the US equivalent to Russia's $1.40 about $8.10 per dozen.

But GDP per capita is not the best measure -- median income certainly is, and by median income comparisons, Russia's $1.40 eggs would cost $17 in the US.

Nominal GDP per capita
The US ranks #6 after Luxembourg, Switzerland, Ireland, Norway and Singapore.
Russia ranks #65:


38 posted on 01/02/2025 2:47:25 AM PST by BroJoeK (future DDG 134 -- we remember)
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