S. Korea, Taiwan expected to top Japan in GDP per capita in 2027, 2028

[Mista]

 

[FairAndUnbiased]

Well, I would imagine that it gives a rough gauge of price levels no matter how imperfect it is, and thus a more accurate indicator of living standards. Taiwan's having half of US's price levels and lower price levels than the mainland doesn't seem outrageous to me.

Also, their currency is being held down and isn't in line with their fundamentals; they have among the highest current account surplus as a % of GDP and they are achieving it consistently for many years.

View attachment 809313

Taiwan Likely to Stay on Watchlist in Next U.S. FX Report

Taiwan’s soaring trade surplus means it is likely to stay on the U.S. Treasury’s foreign exchange watchlist when the next report is released, continuing the scrutiny on the island’s currency policy.

www.bloomberg.com

A pity. Countries like SK are gonna face steep population decline while countries which can barely feed itself and depend on aid are seeing population explosion.

Why would China having higher prices than Taiwan be reasonable?

 

[Mista]

Why would China having higher prices than Taiwan be reasonable?

I would say not unimaginable based on personal experience rather than say reasonable, since China as a developing economy should have lower prices.

Personal experience. 2nd tier cities already have similar general price levels as Singapore, with more expensive housing but cheaper transport. Taiwan is generally cheaper than Singapore and the 2nd tier Chinese cities at least.

 

[FairAndUnbiased]

I would say not unimaginable based on personal experience rather than say reasonable, since China as a developing economy should have lower prices.

Personal experience. 2nd tier cities already have similar general price levels as Singapore, with more expensive housing but cheaper transport. Taiwan is generally cheaper than Singapore and the 2nd tier Chinese cities at least.

But then that's cherry picking prices in tier 1/2 cities and extrapolating them to the entire economy.

I posted a source that showed Taiwan having higher prices than China in all categories.

Cost Of Living Comparison Between China And Taiwan

www.numbeo.com

 

[Mista]

But then that's cherry picking prices in tier 1/2 cities and extrapolating them to the entire economy.

I posted a source that showed Taiwan having higher prices than China in all categories.

Cost Of Living Comparison Between China And Taiwan

www.numbeo.com

Like I said, it's not unimaginable if someone comes and tell me Taiwan is cheaper than China because China is already not that cheap even in smaller cities from first hand experience.

Again, Numbeo isn't that accurate. I can tell you the list for SG is BS. Property prices cited there is 4x or 5x of what the average Singaporean is paying.

Forget about PPP. Have you been to Taiwan?

 

[FairAndUnbiased]

Like I said, it's not unimaginable if someone comes and tell me Taiwan is cheaper than China because China is already not that cheap even in smaller cities from first hand experience.

Again, Numbeo isn't that accurate. I can tell you the list for SG is BS. Property prices cited there is 4x or 5x of what the average Singaporean is paying.

Forget about PPP. Have you been to Taiwan?

The entire discussion is about the accuracy of the PPP multiplier, not about who has anecdotally been to Taiwan with a small sampling of prices.

 

[Mista]

The entire discussion is about the accuracy of the PPP multiplier, not about who has anecdotally been to Taiwan with a small sampling of prices.

And? Your point is using numbeo and determine that Taiwan's price levels can't be 0.48x of the US's because it's a developed economy? You have more accurate numbers than the economists who derive the PPP multiplier? Or because it doesn't makes sense to you and therefore the number must be fudged?

 

[FairAndUnbiased]

And? Your point is using numbeo and determine that Taiwan's price levels can't be 0.48x of the US's because it's a developed economy? You have more accurate numbers than the economists who derive the PPP multiplier? Or because it doesn't makes sense to you and therefore the number must be fudged?

The economists could be politically motivated to achieve certain weightings and end rankings. After all the rail length statistics were proven false in the sloppiest way so who knows what could be happening with more opaque statistics.

USA rules, China drools – USA build 70000 km of railways in a single day!

List of countries by rail transport network size by "Wikipedia" from 2022-01-12 by "Wikipedia:usflag:" the day after, that is 2022-01-13 USA build 70000 km of railways in a single day! :usflag: USA speed :usflag::usflag::usflag::usflag: Wherever you look USA :usflag:is well ahead of China...

defence.pk

 

[aziqbal]

I am sorry

Taiwan may match the GDP per capita but they can never match Japanese innovation and technology

South Korea may come close but can never surpass the Japanese

Qatar has higher GDP per capita than Japan does it mean Qatar is better than Japan ? No never

plus Japans population is 125 million

 

[Mista]

The economists could be politically motivated to achieve certain weightings and end rankings. After all the rail length statistics were proven false in the sloppiest way so who knows what could be happening with more opaque statistics.

USA rules, China drools – USA build 70000 km of railways in a single day!

List of countries by rail transport network size by "Wikipedia" from 2022-01-12 by "Wikipedia:usflag:" the day after, that is 2022-01-13 USA build 70000 km of railways in a single day! :usflag: USA speed :usflag::usflag::usflag::usflag: Wherever you look USA :usflag:is well ahead of China...

defence.pk

"Could be politically motivated". Is that the best you can come up with? So because it doesn't makes sense to you, the numbers must be fudged because of political reasons? Lololol.

 

[FairAndUnbiased]

"Could be politically motivated". Is that the best you can come up with? So because it doesn't makes sense to you, the numbers must be fudged because of political reasons? Lololol.

You admit that certain statistics were false or misleading when it came to Singapore due to different reported consumption habits vs. what is actually happening on the ground.

So why is that sort of questioning not applied to everything?

 

[Mista]

You admit that certain statistics were false or misleading when it came to Singapore due to different reported consumption habits vs. what is actually happening on the ground.

So why is that sort of questioning not applied to everything?

Just because certain statistics can be fake doesn't mean I have to apply the same reasoning and doubt everything. Like I said, Taiwan's price levels being half of the US's doesn't seem outrageous to me in the first place. Unlike you guys, I don't hate Taiwan.