Mereja.Forum

[Abaymado]

Developing countries are showing huge differences in GDP(ppp) and it will continue in contrast as the developed countries remain stagnant. All African countries should understand that increasing the output of local product starting from tomato to more complicated technological product will rise its GDP(ppp).

In order to make more clear, GDP(ppp) compares the living standards of individuals in different countries. In other words it compare the
purchasing power of citizen for particular product in every county.
For example if we assume the total tomatoes produced in Ethiopia and USA are one and 100 million ton per year respectively; and its price are 0.3 and 1 dollar respectively.
GDP(ppp) for tomatoes calculated as:
Ethiopia: 1*0.33= 0.33 million
USA: 100*1= 100 million
So by doing the same calculation for all product produced locally in the country and adding all, will give us GDP(ppp). From this we can understand that all African countries can increase the output of local agricultural product hugely.

In contrary GDP(nominal) is based on the purchasing power of individual for international goods like computer, TV sets, ..
As developing countries have not developed yet the capacity to produce huge quantities and qualities of such products, the population in this developing countries will more or less depend on overseas's products. As a result developed nations will have high GDP(nominal)'

In summary , developing countries have a chance to dwarf the developed countries in their GDP(ppp). In order to improve the GDP(nominal), the developing countries should make a lot of endeavor to produce international products locally.

Africans, what are you waiting for?

[Abaymado]

This is amazing information, this is the reason why developing countries's GDP(ppp) will definitely continue rise.


https://www.numbeo.com/cost-of-living/c ... ted+States

Cost of living in United States is 32.08% higher than in Ethiopia (aggregate data for all cities, rent is not taken into account).

Rent in United States is, on average, 160.42% higher than in Ethiopia.


Restaurants [ Edit ] **************************************************************Range

Meal, Inexpensive Restaurant ***************************************15.00 $**** 8.00-27.00
Meal for 2 People, Mid-range Restaurant, Three-course *******55.00 $*** 30.00-100.00
McMeal at McDonalds (or Equivalent Combo Meal) **************8.00 $**** 6.69-10.00
Domestic Beer (0.5 liter draught) *********************************5.00 $**** 3.00-7.50
Imported Beer (0.33 liter bottle) *********************************6.00 $**** 4.00-9.00
Cappuccino (regular) *****************************************************4.25 $**** 2.00-6.00
Coke/Pepsi (0.33 liter bottle) ****************************************1.88 $**** 1.39-3.00
Water (0.33 liter bottle) ***********************************************1.54 $**** 1.00-2.25

Markets [ Edit ]

Milk (regular), (1 liter) ***********************************************0.85 $**** 0.45-1.70
Loaf of Fresh White Bread (500g) **********************************2.72 $**** 1.32-4.73
Rice (white), (1kg) ******************************************************4.06 $*** 1.96-7.72
Eggs (regular) (12) ******************************************************2.36 $*** 0.99-4.22
Local Cheese (1kg) *****************************************************10.99 $*** 5.51-22.05
Chicken Fillets (1kg) ******************************************************9.03 $*** 4.30-16.53
Beef Round (1kg) (or Equivalent Back Leg Red Meat) **************12.37$*** 6.61-19.84
Apples (1kg) *************************************************************4.61 $*** 2.16-8.82
Banana (1kg) *************************************************************1.58 $*** 1.01-4.41
Oranges (1kg) *************************************************************4.11 $*** 1.65-10.47
Tomato (1kg) *************************************************************4.30 $*** 1.76-7.69
Potato (1kg) *************************************************************2.69 $*** 0.88-6.61
Onion (1kg) *************************************************************2.70 $*** 1.10-5.00
Lettuce (1 head) ******************************************************1.63 $*** 0.99-3.00
Water (1.5 liter bottle) ***********************************************1.84 $*** 1.00-3.00
Bottle of Wine (Mid-Range) ****************************************12.00$*** 7.50-20.00
Domestic Beer (0.5 liter bottle) *****************************************2.33$*** 1.07-4.29
Imported Beer (0.33 liter bottle) **********************************2.94$*** 1.45-5.00
Cigarettes 20 Pack (Marlboro) *****************************************8.00$*** 6.00-