FYI

Real quick for those interested…

And, a warning about comparisons between us, Canada, and the Americans….

1/ in comparisons of GDP or PPP, purchase price parity, remember we DON’T pay for Healthcare and they do, and American Healthcare is the most expensive in the world. So, yes, they have ‘$18 000’ more to spend than we do. But, one trip to the Hospital erases those funds avail for spending.

American GDP https://tradingeconomics.com/united-states/gdp-per-capita-ppp 400% above the World Average, around $74 000 per person.

We’re much less, about $53 000 per person.

AND

2/ just found about this idea of ‘owner occupied rents imputed to GDP’ and I am wondering how it works.

Understand, first, ‘rent’ is not actually productive and second, estimates of ‘possible’ rents on properties not actually offered FOR rent are sums added to the GDP. Understand? Places not actually rented are considered part of the GDP

Definition from the Government of Canada: https://www150.statcan.gc.ca/n1/pub/15-548-x/2006001/ind/realestate-immobilier

To quote: Gross imputed rents are calculated on the basis of the growth rate in the net stock value of owner occupied dwellings, obtained from the Census. Census stock figures are extended forward by interpolation on the basis of the number of new dwellings completed less the number of dwellings destroyed. These interim estimates are subsequently reconciled with the benchmark housing data that are provided by Censuses.

Don’t actually understand. Word jumbles at work? For those who do…