₦airaland Forum

rvp20182:
The accepted threshold to become developed is 12k usd per capita although most consider 20k to be the cutoff.South Africa gdp per capita at best is 5k...borderline nearly low middle class..this year with COVID they down to around 4500usd..threshold is 4000usd to 12000usd to be upper middle income. They should worry more about dropping to low middle income

Roan77:
Give me a credible source that listed developed nations, just like you posted the list of developing nations.

jln115:
please dude no more gdp calculations from you

FYI SAs gdp ppp per capita is 13000

rvp20182:
Nairobi replace street sweepers with sweeping machines

rvp20182:
You're obtuse..I don't calculate gdp..its south Africa statistics body that does.Rand weakness plus low productivity has seen your nominal gdp shrink in 10yrs from 450 to 280B..now just 3 times larger than Kenya.Your economy is doing badly and its reflected in rand depreciation

jln115:
I'm pretty sure SAs GDP Nominal is still 350 billion bro ..... And the highest its ever been was 416.

Please indulge me how you calculated 280 billion

Shma2020:
No one will understand this video unless you're a kenyan or an outsider with deep understanding of kenya state of dynamic.


https://www.youtube.com/watch?v=6ych7v3rkVw

This is just another upcoming city at two rivers and nearly all the buldings you'll see on Renders are completed and some under construction .

rvp20182:
Nice - with Ruaka developing into high rises - that area could form a new business district/city.

rvp20182:
This year (2020) I have seen 280B estimates. It's about time we get final figures from South African statistic body - they must be crunching the last Q.

I don't calculate - it's only SA stats body that does that - the rest of us can only estimate based on figures we see

rvp20182:
Look here idio.t. Nobody uses GDP ppp outside their country. It's used for internal purposes. The classification of countries into LDC, LMI, UMI and Developed countries is based on NOMINAL GDP.

To become developed - you need to cross 12,500 usd - at least by world bank - although many consider even higher figures.

South Africa has no hope - given it's gdp per capita - (again keep the PPP for your own internal use) - is 4,500 now - just 500 dollars - before World Bank/Imf/ everyone declares you a LOW MIDDLE INCOME country.

jln115:
I asked how did you come to the figure of 280 billion..... Now quite stalling

jln115:
You see this is why you really shouldn't speak on things you know nothing about!! You just spewing garbage that you simply suck out your thumb!!

Firstly GDP ppp was formulated as to give a fair and more accurate comparison of GDP.........its never intended for "internal" use or what ever dumb sh1t you are referring to.

Secondly:

https://esaro.unfpa.org/en/publications/republic-south-africa-facts-and-prospects

jln115:
I already did

Roan77:
This is what makes you a loser, and a big time clown and a laughing stock, everyone has seen how I have broken and humiliated your empty ego.
When did you give me a source of developed countries?
Or are you talking of the deleted link you sent to me?

rvp20182:
Let me ignore the trash you're posting. Focus on those pictures. You cannot use GDP ppp when threshold is for NOMINAL GDP.

Yes gdp ppp is an attempt to get something equivalent to the dollar - but obviously it has it weakness - and therefore is not accepted.

Nominal gdp is therefore the gold standard here. Obviously there is some use for GDP PPP - for example for internal stuff like tracking poverty etc.

rvp20182:
Where did you get 350B - which is 2019 level - you mean all that contraction and rand depreciation - is nothing to you.

Your economy is expected to contract by jaw dropping 8% - that alone will take out nearly 30-40B out of 2019 figures.

Now add rand depreciation - economic contraction of - 8% + rand depreciation - and you will get South Africa nominal gpd for 2020.

jln115:
what else did he mean by that you ret@rd?

Shaytun:
Late to the club.

Lagos already has this like 4 years ago.

Austine1213:
Planned

Soweto

Wuoche:
But Lagos remains to be the dirtiest city in Africa.

Kuruptnigga:
You're always pissed about Nigeria. Nigeria is not your mate. Go compare your shitthol with other African countries, fool

rvp20182:
Nairobi replace street sweepers with sweeping machines

Wuoche:
But Lagos remains to be the dirtiest city in Africa.

rvp2018:
is that the slum your stay in. That is one huge slumpolis.

https://www.youtube.com/watch?v=3UmfbDsXkLU

Austine1213:
Soweto is developed better than most of your towns and cities

Jamestown123:
Always talking from nyash. Come work hard for like 10 years first save money then come and enjoy Lagos.