EuroNews:
Trump said America?s economy was better than Japan?s and he was probably right
9 November 2017
Is it possible, as Trump’s statement suggests, to compare two countries’ economies and which indicators would we use to do so? GDP per capita is considered a baseline when comparing two economies. Using this measure, Trump’s comments are founded, with the US ahead of Japan in rankings from both the International Monetary Fund (US:11th place, Japan:28th place) and the World Bank (US:9th place, Japan:22nd place). This is, however, a very basic comparison, according to Gianmarco Ottaviano, professor of Economics at the London School of Economics, who told Euronews that a deeper analysis of the two economies would include several indicators including GDP growth, productivity and net export performance, among others.