| Jim Whitney | March 16, 2011 |
Applying the Ricardian Model Are some countries too poor to trade? (Data = 1990)
| Country | Real GDP per capita ($1985) |
Openness (X+M) as share of GDP (%) |
Population (millions) |
| Western hemisphere | |||
| U.S. | $18,054 | 21.5% | 250.4 |
| Belize | 3,464 | 0.2 | |
| Bolivia | 1,658 | 7.2 | |
| Chile | 4,338 | 13.2 | |
| El Salvador | 1,824 | 5.2 | |
| Guatemala | 2,127 | 9.2 | |
| Uruguay | 4,602 | 3.1 | |
| LOW: | |||
Asia and Pacific |
|||
| Bangladesh | 1,390 | 108.3 | |
| Laos | 1,385 | 4.1 | |
| Mongolia | 1,842 | 2.2 | |
| Philippines | 1,763 | 61.5 | |
| Sri Lanka | 2,096 | 17.0 | |
| LOW: | |||
Africa |
|||
| Lesotho | 972 | 1.8 | |
| Mozambique | 760 | 15.7 | |
| Rwanda | 756 | 6.9 | |
| Sierra Leone | 901 | 4.1 | |
| Sudan | 757 | 25.1 | |
| Zimbabwe | 1,182 | 9.8 | |
| LOW: | |||
Online source: Penn World Tables data
series by topic (Unavailable: Western Hemisphere: Haiti, Cuba; Asia: Afghanistan
Cambodia, Micronesia, Nepal, Uzbekistan, Vietnam; Africa: Somalia)
Alternative hardcopy source: United Nations. Statistical Yearbook:
40th edition. (HA/12.5/.U63/1993)