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Poland overtakes Taiwan and the Netherlands... [17]
the Netherlands, Taiwan, Switzerland
I wonder what method of calculating GDP was employed. When checking the same IMF stats for countries in terms of both nominal and PPP GDP, these are the results:
1) Netherlands: $1.080T & $1.290T
2) Taiwan: $790B & $1.7T ($790B goes a much longer way in Taiwan than it does in Europe)
3) Switzerland: $841B & $739B (extremely strong Swiss franc is a big factor in the "haircut").
Meanwhile, these are the stats for Poland:
Nominal: $748B
@ Purchasing Power Parity: $1.7T
So what do we have? Poland does not have an economy larger than any of the three countries listed, when we use straight nominal numbers, without indexing for anything else. Only when comparing PPP numbers does Poland tear ahead.
I'm fine using PPP, but am a little frustrated that nobody wanted to use PPP when discussions were centered on the Russian economy. Instead it was: "ahahaha, Russian GDP halved after Crimea". In terms of PPP, Russia has a larger economy than UK, France, Italy, and only slightly smaller than Germany. I doubt anyone on this forum would treat that number seriously.
Also, Taiwan has a little north of 20M people, NL - 17M, and Switzerland - 8M. A little sad to compare yourself to them, no?
As to the statistic claiming Poland attracted more "greenfield" investment than China - I just don't know what to say. It's a meaningless statistic. Foreign Direct Investment flows to China amounted to $189B in calendar year 2022. In addition, the Chinese state invested an additional $218B into fixed asset investment projects. I won't scare you with the number for how much Chinese households invested.
Poland recorded $25B in FDI flows during 2022. So this "greenfield" either has some very narrow and stupid definition, or is defined only as "greenfield" flows outbound from the other 26 EU countries. With a stretch, I'm willing to believe that during that year Poland attracted more European investment than China - given the context. But there is simply no way Poland can compare to China in terms of overall investment. Neither can tbh US, India, Brazil, or Indonesia.