Did you take accumulating debt into account?
The budget only shows added debt per year.
For example, Indrala's deficit isn't 132,015,503,848 INS...
It's 132,015,503,848 INS per year.
Siggon Kristov wrote:By the way, did you use my Currency Converter spreadhseet?
And I realize the rankings are based only on GDP, but there needs to be some form of index which represents the health, instead of only the size, of an economy.
I would love to see GDP per capita, and I would love debt to play a role.
YankeeHater wrote:I created my own adjusted GDP rankings. GDP (in LOD) = Consumption + Investment + Total Revenue - Deficit (if any). Figures are in billions of LOD.
YankeeHater wrote:I simply noted I have my own method to account for people gaming the system.
In replacement of government spending I use total revenue because in theory they should be balanced.
Huge deficits would cause inflation, but the current system doesn't factor that in when converting to LOD. If we used ACTUAL macroeconomics, these currencies would collapse and I subtract deficits from GDP to account for this.
YankeeHater wrote:Yippee you have a chart.
According to your method of calculating GDP, nations with long term deficit spending are rewarded.
Can a government which borrows 50% of its GDP every year be the most powerful economy forever?
I'd like to see you try to convince nations with surpluses to finance your debt. I doubt you could.
You'd have to print more money and devalue your currency.
I never said the way I did it was an actual indication of GDP; I said it was adjusted GDP.
No, it's not perfect, but your method is far more flawed.
Neutral observers would conclude that long-term debtor nations with debts likely hundreds of times the size of their GDPs are the poorest nations - not the wealthiest.
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