Ukraine is rich. Russia is poor. (Interesting twitter thread):

[bluewater]

107. So now it's down to semantics? Seems so. LOL

"Affordability is not the same as purchasing power. Affordable to whom?"

And based on what measure of income? It is apparent CEO World is going by gross income per capita, like the UN report, so CEO World's idea of "affordability" is not as meaningful as purchasing power.

I had to laugh at that.

"Affordable to whom?"

Um, the average citizen that all the quality of life rankings say they are based on, including the one you like?



But on to the second part of your last reply, that all the rankings I presented, including the two from the UN, were "going by gross income per capita" and that was bad because of income inequality in Russia.

Well, you all ready blew off the UN ranking that took income inequality into account, right?

But, OK, if you check the methodology of the ranking you favor, you will find that it bases its "purchasing power" numbers on, wait for it, the average gross income per capita too!



But let's press on an put the final nail in the coffin of your last argument, namely the claim that rankings that use gross national income per capita and showed Russia was richer than Ukraine were "distorted" by differences in income inequality. Vast differences.

That simply is not true. Several reliable studies show that while income inequality is indeed less in Ukraine, it's not that much less to account for the vast difference in gross national incomes, where Russia's is over three times as large as Ukraine.

Let's look at some GINI Index rankings, where the Gini index is " a quantified representation of a nation's Lorenz curve. A Gini index of 0% expresses perfect equality, while index of 100% expresses maximal inequality."

Country GINI Median income(daily)

United States 41.4 $48.90

Russia 37.5 $17.10

Ukraine 26.1 $10.20

The US is included for comparison.

To be honest, Ukraine's is quite good and in the lowest (best) grouping of nations. The US and Russia are both one tier up (worse) from that. SO Russia's GINI is about 43% worse than Ukraine's.

That GINI number doesn't seem to be enough to make up for the greater difference in gross national incomes:

Russia $10,690 per capita

Ukraine $3,540 per capita

Russia's Gross National Income per capita is 3 times that of Ukraine.

But income inequality is not a measure of how rich a country is or how impoverished its lower earning citizens are, consider the case of the US for example.

So included in that table is the median daily income for the US, Russia, and Ukraine.

Huh, look at the median income, which by definition means there are as many values greater than that number as less than and is therefore less susceptible of being "distorted" by a small number of extremely rich earners as an average value might be.

Russia's median daily income is greater than Ukraine's.

Go figure.

So much for Russia being impoverished compared to Ukraine.

Well, looking back on all the posts I think one thing can clearly be said, Russia is definitely NOT "impoverished" compared to Ukraine as you originally claimed supporting "Sergej" and his tweets.

Quite the contrary, a strong case can, and I think has, been made that Russia is, in fact, the richer of the two.

Maybe that's why very reputable sources have been saying that Ukraine is one of the three poorest countries in Europe:

15 poorest countries in Europe with the lowest GDP per capita

GDP (Gross Domestic Product) per capita reflects the average wealth of each resident in a given country. It is obtained by dividing the country's gross domestic product, adjusted by inflation, by the total population. Here is a ranking of European countries by wealth.

1. Kosovo - GDP per capita $10,766
2. Moldova - GDP per capita $12,325
3. Ukraine - GDP per capita $12,377
...
11. Russia - GDP per capita $26,456

https://www.msn.com/en-xl/africa/other/15-poorest-countries-in-europe-with-the-lowest-gdp-in-2021/ar-AAPplFU

so much for "Sergej's" twitter stream as a reliable news source...