If Sweden and Germany Became US States, They Would be Among the Poorest

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Sweden isn’t some sort of Shangri la. It’s cold. It’s dark. It has high rates of depression. Economic freedom levels are low. Taxes are high. And relative to most states in the USA Sweden is poor. Like Arkansas poor.

On the other hand it made Saabs, which I always liked. (Before GM took them over.)

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(From Mises.org)

 

Once purchasing power among the US states is taken into account, we find that Sweden’s median income ($27,167) is higher than only six states: Arkansas ($26,804), Louisiana ($25,643), Mississippi ($26,517), New Mexico ($26,762), New York ($26,152) and North Carolina ($26,819).
We find something similar when we look at Germany, but in Germany’s case, every single US state shows a higher median income than Germany. Germany’s median income is $25,528. Things look even worse for the United Kingdom which has a median income of $21,033, compared to $26,517 in Mississippi.