O, thanks for your lucid insight. What's GDP, is it that gross something?
Personally I prefer subtle to gross and its repercussions to individual standard of living.
So, you are not talking about anything per capita, but rather absolute numbers of 60 million Italians vs. 3 million Singaporeans. And you conclude the output of Italians is higher.
How very fascinating indeed! That must be the reason that the average salary in South Korea is about 5 times higher than in Italy.
Originally Posted by NickW
Now, for your reference, the Italian economy measured by output GDP is larger than those of Singapore, South Korea and Taiwan put together.