No more no less than GDP. They outline different realities, which are all intere... | Hacker News

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		psalaun 7 months ago \| parent \| context \| favorite \| on: Why does the U.S. always run a trade deficit? No more no less than GDP. They outline different realities, which are all interesting to analyse as a whole.

wqaatwt 7 months ago [–]

PPP on its own is a relatively poor metric and only covers a subset of the economy.

Then when you have semi closed economy like Russia with unclear currency rates (due to external capital inflow/outflow barriers) and convert the figures to USD you can end up with all sorts of wacky numbers

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