Gumshoe Mystery

Hi everyone. Sorry I have been gone for a while.

I found this the other day, its a couple months old but it still makes for some interesting reading. I don't know where Australia would come in, but Britain now has a higher GDP on a per capita basis than the United States
according to an Oxford Economics consultancy report.

This is the first time this has happened since the 19th century when Britain was the richest country in the world and had the world's largest economy.

In 2008, Britain's GDP per capita will be £23,500, compared to £23,250 for the United States. Britain has grown in wealth over the last few decades much more rapidly than the US, Germany and France. In the early 1990s, Britain's GDP per capita was 34% below America's, 33% lower than Germany's and 26% lower than France's.

Now, Britain's GDP per capita is just above that of the US, and 8% above Germany (£21,665) and France's (£21,700).

Not only are the British now richer than their American counterparts, but the standard of living of the British now also outstrips that of Americans, although the report noted that Americans still benefit from lower prices than prices in Britain.

With an adjustment made for this purchasing power parity, the average American has more spending power than his UK counterpart and pays lower taxes. However, the British typically have significantly longer holidays than Americans as well as access to free healthcare.

No doubt so many Australians want to come back to England!

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Iconoclast

Link please.

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vagrantnomad

No doubt so many Australians want to come back to England!

ahaahhahahahahhahahahhhhhhhh , tell him he's deamin.

Gumshoe Mystery

The report is linked below. I wasn't exaggerating. I am sure the weather in Australia would be worth at least an extra few thousand quid if they had taken that into account

http://business.timesonline.co.uk/to...cle3137506.ece

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Chessic-Adventures

It would be interesting to see whether on a per capita basis there are more Australians going to the UK or more Pommies coming to Australia. I suspect more Pommies coming but can't say that for sure.