Monday, January 15, 2007

How Much Richer is Australia than Estonia?

Obviously as a developing country, Estonia still isn't as rich as Australia. I often wonder just how much richer Australia is. According to the IMF, the answer is just under twice as rich. Well, that's in terms of GDP per person anyway. Australia has the 14th highest GDP per person, whereas Estonia ranks 43rd. Interestingly, in the 1930's Estonia was wealthier than Finland, which now ranks one place above Australia. Just shows how far 50 odd years of communism will set a country back. Well, at least it means the beer is cheaper here than in Melbourne, which is a good thing for me right now!!!

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