> The poorest states in US have higher wealth than the GDP/capita of say UK and other western EU countries.
> What does that tell you?
Nothing.
Why would you compare wealth of a state (the aggregate of a stock) with GDP/capita, a per person flow. I mean, it's true, but it's also true that the poorest EU country has greater wealth than the GDP/capita of the richest US state.
Heck, the poorest country even in the process of joining the EU, Montenegro, has $26 billion in wealth, the US state, territory, or federal district with the highest GDP/capita is D.C. with $200,277, which is ~5 orders of magnitude less.
> What does that tell you?
Nothing.
Why would you compare wealth of a state (the aggregate of a stock) with GDP/capita, a per person flow. I mean, it's true, but it's also true that the poorest EU country has greater wealth than the GDP/capita of the richest US state.
Heck, the poorest country even in the process of joining the EU, Montenegro, has $26 billion in wealth, the US state, territory, or federal district with the highest GDP/capita is D.C. with $200,277, which is ~5 orders of magnitude less.
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