Povelty

half the countries of the EU were part of the former soviet union if you didn't know m8

Why is your economy smaller than Israel's despite having a population 12 1/2 times larger?

Still no excuse
USA is only half white, while Europe is over 90% white
How does it feel to have a smaller economy than a nonwhite nation with a much smaller population?

I dunno, maybe because agriculture sells less compared to diamonds and crude oil I guess?

How does it feel from giving aid to Korea back in the 50s to receiving aid from Korea in modern times?

>asking why Jews are rich
Woo boy

en.wikipedia.org/wiki/Next_Eleven
>Korea being the only developed country in the Next Eleven
is it time to learn korean?

I didn't even know that. Nobody here probably asked for aid except the money-hungry politicians.

>Nearly 40 percent of the whole Korean GDP is stacked up by Samsung and Hyundai

It sounds like the nation of South Korea exists just to be enslaved and exploited by these gigantic corporations, as opposed to the belief most Koreans have that SK is a first world developed country at last.

>PPP is a meme, it just inflates numbers for shitting streets, etc
PPP does have its value. For instance Western Europeans are still underestimating Russia. If you only need to pay Russian wages instead of German wages, you can afford a lot more weapon systems for the same amount of money. Which is why it is silly to assert that Russia's economy is as small as Italy's when in fact it is almost as big as Germany's and bigger than either the UK's or France's.
Same thing when comparing military expenditure of the US with the expenditure of other countries like China.

>GDP nominal shows the actual wealth in nation
No. It does show the sum of the prices of all goods and services that have been traded for money in official ways within a country during a year. Thus, it includes things like goverment spending for disaster relief. If e.g. a hurricane causes damages worth $100bn in the south of the US, these damages don't reduce the GDP as they're only estimates. But the extra government spending to alleviate even part of those damage does increase the GDP, even though the net wealth from that event may still be negative.
And GDP does not show e.g. two nerds exchanging Magic the Gathering cards or when I give my neighbor's son 10 bucks for mowing my lawn, even thought that's trade i.e. it is for mutual benefit which means it contributes to increasing wealth, because these 10 bucks don't turn up in any official statistic.
GDP also doesn't show things like how good the weather or how beautiful the landscape is, which I would count to the wealth of a nation.