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Many wrinkles here.

First, one should probably look at GNP (or even GNI) rather than GDP to reduce the distortionary impact of foreign direct investment, company headquarters for tax reasons, etc.

Next, need to distinguish between market rate and PPP, as you highlight.

Lastly, these are all measures of output (per capita), while productivity is output per input, in this context output per hour worked. There the differences are less pronounced.



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