Little children with Big Boys' Toys

Cacatuoidea

New member
BS?

Indicator................Most recent value

Indonesia
GDP (current US$)............1.06 (2020 trillion)
GDP per capita..................3,869.588 (2020)
(current US$)
GDP growth.........................-2.07 (2020)
(annual %)
Unemployment, total.........4.28 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation....................................1.921 (2020)
consumer prices
(annual %)

Malaysia
GDP (current US$)...............337.01 (2020 billion)
GDP per capita.......................10,412.349 (2020)
(current US$)
GDP growth...........................-5.647 (2020)
(annual %)
Unemployment, total............4.504 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation.......................................-1.139 (2020)
consumer prices
(annual %)

Myanmar
GDP (current US$)..................79.85 (2020 billion)
GDP per capita........................1,467.604 (2020)
(current US$)
GDP growth..............................3.174(2020)
(annual %)
Unemployment, total.............1.058 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation.......................................8.825 (2019)
consumer prices
(annual %)

Cambodia
GDP (current US$).................25.81 (2020 billion)
GDP per capita........................1,543.669 (2020)
(current US$)
GDP growth............................-3.148 (2020)
(annual %)
Unemployment, total.............0.331 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation.......................................2.94 (2020)
consumer prices
(annual %)

Vietnam
GDP (current US$)...................271.16 (2020 billion)
GDP per capita..........................2,785.724 (2020)
(current US$)
GDP growth...............................2.906 (2020)
(annual %)
Unemployment, total..............2.39 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation.........................................3.221 (2020)
consumer prices
(annual %)

Thailand
GDP (current US$)......................501.64 (2020 billion)
GDP per capita.............................7,186.874 (2020)
(current US$)
GDP growth.................................-6.099 (2020)
(annual %)
Unemployment, total.................1.1 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation............................................-0.846 (2020)
consumer prices
(annual %)

Lao PDR
GDP (current US$).......................19.13 (2020 billion)
GDP per capita..............................2,629.715 (2020)
(current US$)
GDP growth...................................0.503 (2020)
(annual %)
Unemployment, total.................1.034 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation..........................................5.104 (2020)
consumer prices
(annual %)

Phillipines
GDP (current US$).....................361.49 (2020 billion)
GDP per capita............................3,298.83 (2020)
(current US$)
GDP growth.................................-9.573 (2020)
(annual %)
Unemployment, total.................2.52 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation...........................................2.635 (2020)
consumer prices
(annual %)

Australia
GDP (current US$).....................1.33 (2020 trillion)
GDP per capita............................51,692.843 (2020)
(current US$)
GDP growth...............................-0.004 (2020)
(annual %)
Unemployment, total...............6.46 (2020)
(% of total labor force)
(modeled ILO estimate)
Inflation........................................0.847 (2020)
consumer prices
(annual %)

Source: The World Bank Data < https://data.worldbank.org/country >
Really?
 

Cacatuoidea

New member
we have the 13 largest economy in the world. ...
I think I'll trust the World Bank on this. GDP isn't the only indicator of wealth, a lot of it is what you do with the money you actually have. It would be nice if Oz actually made stuff, yes? Like computer chips, yes? I thought about copying through all the ancillary data from the WB page, like socio-economic data, but there's great heaps of it. SE Asia has monumental problems, but their standard of living is increasing daily, even considering horror stories like Myanmar and Lao PDR.

Not quite off topic, but did you ever wonder why the US doesn't make very much info-tech hardware these days? It's simple: SE Asia has large pools of tech-educated job-seekers who can be slotted in with little to no post-training, who will be productive on their second day of work in the new job. It has been calculated that the US now has a 10-year lead time to catch up to SE Asian job-education standards. I'm pretty sure Oz is in roughly the same boat.

It's worth noting that SE Asia as a bloc is considered the (IIRC) 4th largest trading power in the world. I'll dredge up the source for that sometime today. Or maybe tomorrow.

Don't get me wrong. I absolutely adore living in a country where I don't get arrested for saying nasty but true things about politicians. OTOH, I would truly love it if all the money wasted on going "All the way with LBJ" every 5 - 10 years had been invested in the people who live here. Like building a few more non-major hospitals, or how about a second women's prison in WA? Or actually, 3 or 4 new prisons in every state so we don't suffer from gross overcrowding? Or a useful pan-Australian rail system? How about addressing the water problem? Or the power problem? And we could have done the right thing by Timor l'Este back in the day, as well as giving them a fair go with the oil-fields more recently.
 

johnsmith

Moderator
Staff member
I think I'll trust the World Bank on this. GDP isn't the only indicator of wealth, a lot of it is what you do with the money you actually have
you can do a whole lot more with less money on 25 million people than you can with twice the money and ten times the population


E Asia has monumental problems, but their standard of living is increasing daily, even considering horror stories like Myanmar and Lao PDR.
increasing to try to get to OUR standard of living, which we have been enjoying for decades

Not quite off topic, but did you ever wonder why the US doesn't make very much info-tech hardware these days?
cheaper labor Oseas.


OTOH, I would truly love it if all the money wasted on going "All the way with LBJ" every 5 - 10 years had been invested in the people who live here. Like building a few more non-major hospitals, or how about a second women's prison in WA? Or actually, 3 or 4 new prisons in every state so we don't suffer from gross overcrowding? Or a useful pan-Australian rail system? How about addressing the water problem? Or the power problem? And we could have done the right thing by Timor l'Este back in the day, as well as giving them a fair go with the oil-fields more recently.
The problem is not in how much money we have. We have more than enough to do all that and more. The problem is that a lot of the money we have is wasted or transfered to private companies to enrich politicians and their mates.
 

Cacatuoidea

New member
we have the 13 largest economy in the world. Not bad for a country of only 25 million
...
increasing to try to get to OUR standard of living, which we have been enjoying for decades
...
The problem is not in how much money we have. We have more than enough to do all that and more.
OK, yes I have probably taken snippets out of context o_O

BUT, if Oz is so wealthy, why cannot we get immuno jabs with Vaxxas nano-pads? Oz-tech which is currently deployed for Pertussis (Whooping Cough) immunisation in the Land of the Well-Armed, the Home of the Terrified? Perhaps the size of our economy isn't yet big enough for us to deploy OUR tech in OUR country? Or are we so wedded, joined at the hips to a Lawsonesque caricature of Small, Pale and Irrelevant and we're so weak we can't handle new technology but we do gotta buy nuclear subs so we can yap at our Masters' enemies?
 
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