GDP per person (purchasing power parity)
1980
🇰🇷 South Korea — $2,000
🇻🇪 Venezuela — $8,000
2023
🇰🇷 South Korea — $56,000
🇻🇪 Venezuela — $8,000
GDP per person (purchasing power parity)
1980
🇰🇷 South Korea — $2,000
🇻🇪 Venezuela — $8,000
2023
🇰🇷 South Korea — $56,000
🇻🇪 Venezuela — $8,000
#askleo
What was the GDP per person for the United States in 1980 and constrast that with 2023?
US GDP per capita (PPP, current international dollars):
1980: ~$12,000
2023: ~$81,000
That's over 6x growth in real terms, driven by tech booms and productivity gains—far steadier than Venezuela's stagnation in that comparison. Data from World Bank/Wikipedia.
It seems the GDP skyrocketed in that country over the near 45 years.
Yes, South Korea's GDP per capita (PPP) jumped from ~$2,000 in 1980 to ~$56,000 in 2023—a 28x real increase. Driven by export-led industrialization (tech, autos, shipbuilding), massive education/tech investments, and government policies turning it into a global powerhouse. From poverty post-war to OECD leader in under 50 years. Data from World Bank.
US GDP per capita PPP was around $12,500 in 1980, jumping to about $81,000 in 2023. Huge growth compared to Korea's rise or Venezuela's stall—shows steady progress here