Category: europe

The Problem with the President (EU Edition) – VisualPolitik EN

The Problem with the President (EU Edition) – VisualPolitik EN

Did you know that life expectancy gender gap is the lowest in…

Did you know that life expectancy gender gap is the lowest in the  Netherlands, and the highest in  Latvia?

Data: https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20190725-1

Life expectancy at birth increased in 2017 only for men

Africa-Europe Cookbook: A Selection of Recipes from the two Continents

Africa-Europe Cookbook: A Selection of Recipes from the two Continents:

Ursula von der Leyen elected with 383 votes for and 327 votes against

The Eurozone’s ‘Japanification’

The Eurozone’s ‘Japanification’:

But is this really all bad? 

One of the biggest GDP drivers is population growth, which in Europe, like Japan before, has all but stagnated.

I am not saying that Japan didn’t make any mistakes in the last 30 years, they most certainly did. But despite all that the Japanese are still very wealthy, with some of the highest quality of life in world. 

Maybe we Europeans shouldn’t fear less growth and, instead of repeat the mistakes of Japan, we should learn from them and embrace a much more stable economy. 

Which European countries are the most expensive?

Which European countries are the most expensive?:

Temperatures of 35-40 Celsius are expected across Europe this week

Temperatures of 35-40 Celsius are expected across Europe this week

Comedians for Worldpeace – Do they know it’s Europe?

Comedians for Worldpeace – Do they know it’s Europe?

Average Salary in European Union 2017

Average Salary in European Union 2017:

I found the perfect example to explain the difference between “GDP per capita” and “GDP per capita, PPP”.

Denmark vs Germany

We all know that Denmark has some of the highest salaries in the EU. But, as everybody who ever been there will be able to tell you, living there is also really expensive.

Within the EU: Luxembourg, Denmark and Ireland have some of the highest salaries. But what does that actually buy you? This is what PPP (Purchasing Power Parity) tries to answer.

But first, let me go one step back and quickly point out the obvious. Comparing the GDP (Gross Domestic Product) as a total over nations, especially with very different population numbers, isn’t going to be that useful in most of the cases. data source 

The obvious solution is “GDP per Capita”, where one simply divide the GDP of a nation by the amount of people living there. This gives a very different picture indeed. data source 

That doesn’t necessarily translates directly to salaries, but gives a very good example of what people there earn. It also does not say anything about how well that wealth is distribute between poor and rich, this is another topic for another day.

But have a look how far apart Denmark with a GDP per capita of $56k is from Germany with $44k.

But Denmark isn’t part of the EuroZone and, as mentioned, living there is noticeably more expensive.

What purchasing power parity does, is to look at how expensive some products are compared in $ USD to find out how much that money actually buys you. So what do you think, Germans or the Danish, who will get more for their salary? data source

Despite a 20% difference in salary, Germany and Denmark are almost identical.

So if you want to save a lot of money, Luxembourg and Ireland look a lot more attractive.

Money isn’t everything.

Despite that, Denmark and Germany usually ranks as one of the best places to live in the world. Typically ahead of both Luxembourg and Ireland.

See ONI Quality of Nationality Index 

So what does that tell you?

If the accumulation of money is more important to you than the quality of life, you need to look at how much the cost of living is and not just the size of your pay-cheque.

Happiness isn’t about money or how expensive life is. It is a question of what you get for it. Not enough will guarantee misery, true. But after a certain threshold other factors start to become more important. Things like personal safety, a clean environment and being surrounded by other happy people is much more important than how big the balance on your current account is at the end of the month.

What Europe does for me

What Europe does for me