The Economist - GDP 2013

[xdrive]

I am surprised that Japan's GDP per capita is so much lower than Australia. I mean science and entertainment, etc. Japan beats Australia. I cannot think of anything worthwhile Australia is good at, lol. I guess a country with small population but rich resources does wonder for your GPD.

I am also surprised that China's GDP has increased so much. I remember like yesterday when China's GDP just surpassed that of Japan.

It isn't all about resources. We have a lot of other industries that have made us rich. Even in the 1920's Australia has a higher standard of living than most countries in the world.

 

[kbd-raaf]

It isn't all about resources. We have a lot of other industries that have made us rich. Even in the 1920's Australia has a higher standard of living than most countries in the world.

We also have crazy tax rates, I pay $60,000 in taxes :|