Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
COMPARING NATIONAL ECONOMIES – Read the full article here.
One way of trying to get an idea of the wealth of a nation is to take its Gross Domestic Product (GDP), which is generally agreed as a sensible measure of economic value, and then divide it by the number in the country’s population.
Now this is neither a perfect nor precise measure, but it does give you a different view on the varying values of nations and the potential spending power of their populations. There are of course some weird anomalies.
So let’s start with the USA. Its GDP is currently $17,419bn and with a population of 319mn that would mean that in theory, each American citizen has a value of $54,600. That is the value of their slice of the American pie.
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