Eupedia Forums
Site NavigationEupedia Top > Eupedia Forum & Japan Forum
Results 1 to 2 of 2

Thread: When did each country reach a GDP per capita of $5000 or 10,000 historically?

  1. #1
    Satyavrata Maciamo's Avatar
    Join Date
    17-07-02
    Location
    Lothier
    Posts
    9,682


    Ethnic group
    Italo-celto-germanic
    Country: Belgium - Brussels



    Post When did each country reach a GDP per capita of $5000 or 10,000 historically?

    If you ever searched for a country's GDP per capita chances are that you saw a chart showing its evolution over the years. For example the United States had a GDP per capita (PPP) of $54,000 in 2017, but only $37,000 back in 1990 (measured in constant 2011 International Dollars), about the same as Portugal in 2021. If we go back to 1960 the US GDP per capita of $18,000 (still using 2011 International Dollars), about the same as Botswana or Equatorial Guinea today, and a bit less than China. So Botswanans are as wealthy today as Americans were when John F. Kennedy was president. This puts things into perspective.

    Even better, if we go back to the great golden age of Victorian Britain, say in 1870, British people were the wealthiest in the world, but their GDP per capita was... only $5700! That's lower than countries like Syria, India, Bolivia or Angola today.

    That made me wonder when each country reached some wealth threshold in history? For instance, at what point did people enjoy a living standard equivalent to $10,000 in constant 2011 international dollars? An international group of scholars worked on the so-called Maddison Project to estimate the GDP per capita of various countries and region at various points in time in the last 2000 years. You can see the data here and here. Based on this, I listed the chronology of countries first reaching the $10,000 bar. Incidentally this was the approximately world's average GDP per capita from 2011 to 2017.

    When did each country first reach a GDP per capita of $10,000 (in 2011 international dollars)?


    1. United States 1913
    2. Switzerland 1931
    3. New Zealand 1938
    4. United Kingdom 1940
    5. Australia 1941
    6. Canada 1942
    7. Denmark & Sweden 1949
    8. Netherlands 1953
    9. Belgium & Norway 1955
    10. France 1956
    11. Germany 1957
    12. Finland 1960
    13. Japan 1966
    14. Israel 1968
    15. Ireland 1971
    16. Portugal & Spain 1972
    17. Russia & Czechia 1973
    18. South Korea 1987
    19. Mexico 1991
    20. Poland & Turkey 1996
    21. Brazil 2002
    22. South Africa 2007
    23. China 2011


    Now let's see when these countries reached half that level of wealth. It has been theorised that democracies become more stable once a country has reached $6000 of GDP per capita as explained in this thread. The $5000 per capita threshold is also approximately when most democratic countries became democracies in the first place (with the notable exception of the United States, which was much earlier). Countries like Nigeria, Pakistan, Honduras or Palestine that had a GDP per capita around $5000 in 2018.

    When did each country first reach a GDP per capita of $5,000 (in 2011 international dollars)?


    1. United Kingdom 1859
    2. Australia 1868
    3. New Zealand 1871
    4. United States 1873
    5. Belgium 1882
    6. Netherlands 1883
    7. Switzerland 1886
    8. Canada & Denmark 1902
    9. Austro-Hungary & Germany 1906
    10. France 1909
    11. Sweden 1923
    12. Norway 1928
    13. Finland 1936
    14. Italy 1940
    15. Ireland 1948
    16. Czechoslovakia 1949
    17. Israel 1951
    18. Japan 1957
    19. Spain 1958
    20. Russia 1959
    21. Greece & Poland 1960
    22. Portugal & South Africa 1962
    23. Mexico 1963
    24. Brazil 1971
    25. Turkey 1973
    26. South Korea 1977
    27. China 2001


    You can see the difference of economic growth between countries. It took 81 years for the UK to pass from $5000 to $10,000 per capita, but only 10 years for South Korea or China, and 9 years for Japan!
    Check this selection of my best forum topics
    My book selection
    ---Follow me on Facebook and Twitter --- My profile on Academia.edu and on ResearchGate ----Check Wa-pedia's Japan Guide
    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    "What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone?", Winston Churchill.

  2. #2
    Elite member
    Join Date
    07-09-14
    Location
    Poland
    Posts
    5,427

    Y-DNA haplogroup
    R1b-L617
    MtDNA haplogroup
    W6a

    Ethnic group
    Polish
    Country: Poland



    So before WW2 Japan did not have >$5000 ???
    There are words which carry the presage of defeat. Defence is such a word. What is the result of an even victorious defence? The next attempt of imposing it to that weaker, defender. The attacker, despite temporary setback, feels the master of situation.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •