May 17, 2015
When did Down Under overtake the Mother Country? Real GDP Britain, Australia and New Zealand 1820–2010
When did Down Under overtake the Mother Country? Real GDP Britain, Australia and New Zealand 1820–2010
Pretty quickly according to figure 1. Britain, Australia and New Zealand quickly had similar standards of living in the middle of the 19th century until about 1880. Australia was richer for about 20 years until the great Federation drought took the wind out of its sails.
Figure 1: British, Australian and New Zealand GDP per capita (1990 Int. GK$), 1820 – 2010
Source: The Maddison-Project, http…
View On WordPress