https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Social_market_economySocial market economy - Revision history2026-08-19T06:45:53ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Social_market_economy&diff=420673&oldid=prevCleanupBot: /* Economic performance */clean up, typos fixed: 1996-2020 → 1996–2020 (2), a EU → an EU (2)2023-08-28T16:43:15Z<p><span class="autocomment">Economic performance: </span>clean up, typos fixed: 1996-2020 → 1996–2020 (2), a EU → an EU (2)</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 22:13, 28 August 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Economic performance ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Economic performance ==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>In 1996, while the US nominal GDP per capita was $29,968, the EU nominal GDP per capita was $19,752.<ref name="StatisticsTimes">{{Cite web|url=https://statisticstimes.com/economy/united-states-vs-eu-economy.php#:~:text=As%20of%202021%2C%20The%20per,for%20data%20available%20since%201966.|title=Comparing United States and European Union by Economy}}</ref> Twentyfour years later, in 2020, the US nominal GDP per capita was $63,544 while the EU nominal GDP per capita was $33,928. The EU nominal GDP per capita was about two thirds (66%) of the US one, in 1996. In 2020, the EU nominal GDP per capita dropped from two thirds to about a half (53%) of the US one. In nominal terms, a European citizen has become 20% poorer with respect to a US citizen, over the period <del style="font-weight: bold; text-decoration: none;">1996-2020</del>. During the 24 years between 1996 and 2020 it has become relatively cheaper for a US citizen to stay in the EU, and it has become relatively more expensive for <del style="font-weight: bold; text-decoration: none;">a </del>EU citizen to stay in the US.<ref name="StatisticsTimes" /> Over this period of 24 years, from 1996 to 2020, the [[consumer price index]] has increased by 65% in the US,<ref>{{Cite web|url=https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-|title=Federal Reserve Bank of Minneapolis, Historical data from the era of the modern U.S. consumer price index (CPI)}}</ref> and by 51% in the EU.<ref>{{Cite web|url=https://fred.stlouisfed.org/series/CP0000EZ19M086NEST|title=Federal Reserve Bank of St. Louis, Harmonized Index of Consumer Prices}}</ref> According to the consumer price index then, despite livelihood expenses have grown 14% less for <del style="font-weight: bold; text-decoration: none;">a </del>EU citizen compared to a US one, in the period <del style="font-weight: bold; text-decoration: none;">1996-2020</del>, the EU citizen has become, nominally, 20% poorer.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>In 1996, while the US nominal GDP per capita was $29,968, the EU nominal GDP per capita was $19,752.<ref name="StatisticsTimes">{{Cite web|url=https://statisticstimes.com/economy/united-states-vs-eu-economy.php#:~:text=As%20of%202021%2C%20The%20per,for%20data%20available%20since%201966.|title=Comparing United States and European Union by Economy}}</ref> Twentyfour years later, in 2020, the US nominal GDP per capita was $63,544 while the EU nominal GDP per capita was $33,928. The EU nominal GDP per capita was about two thirds (66%) of the US one, in 1996. In 2020, the EU nominal GDP per capita dropped from two thirds to about a half (53%) of the US one. In nominal terms, a European citizen has become 20% poorer with respect to a US citizen, over the period <ins style="font-weight: bold; text-decoration: none;">1996–2020</ins>. During the 24 years between 1996 and 2020 it has become relatively cheaper for a US citizen to stay in the EU, and it has become relatively more expensive for <ins style="font-weight: bold; text-decoration: none;">an </ins>EU citizen to stay in the US.<ref name="StatisticsTimes" /> Over this period of 24 years, from 1996 to 2020, the [[consumer price index]] has increased by 65% in the US,<ref>{{Cite web|url=https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-|title=Federal Reserve Bank of Minneapolis, Historical data from the era of the modern U.S. consumer price index (CPI)}}</ref> and by 51% in the EU.<ref>{{Cite web|url=https://fred.stlouisfed.org/series/CP0000EZ19M086NEST|title=Federal Reserve Bank of St. Louis, Harmonized Index of Consumer Prices}}</ref> According to the consumer price index then, despite livelihood expenses have grown 14% less for <ins style="font-weight: bold; text-decoration: none;">an </ins>EU citizen compared to a US one, in the period <ins style="font-weight: bold; text-decoration: none;">1996–2020</ins>, the EU citizen has become, nominally, 20% poorer.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>This might however be partly explained by a number of poorer countries joining the EU in the 2000s, as well as a shift away from social market economy towards neoliberal austerity.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>This might however be partly explained by a number of poorer countries joining the EU in the 2000s, as well as a shift away from social market economy towards neoliberal austerity.</div></td></tr>
</table>CleanupBothttps://en.bharatpedia.org/w/index.php?title=Social_market_economy&diff=419512&oldid=prevAjay Kumar: Created a new article2023-08-27T09:36:31Z<p>Created a new article</p>
<a href="//en.bharatpedia.org/w/index.php?title=Social_market_economy&diff=419512">Show changes</a>Ajay Kumar