[Asia-Pacific] Economy Snapshot

Day 1,389, 07:49 Published in USA USA by Stranger Here Myself


This current Special Edition gives you the latest Asia-Pacific HitBig Index rankings: an indicator of purchasing power parity of top wage offers in various countries. Read on to discover how the index is calculated and what does it actually measure.

After taking a quick glance on Europe, as well as the Top 20 (most populated) countries of the New World, now we turn West, and take a look on the Asia-Pacific region.



1) Indonesia HitBig Index: 3.59 (+0.59 since Day 1,366), G/D : 3.85
2) China 2.99 (+0.03), 4.46
3) Russia 2.68 (+0.63), 5.52
4) South Korea 2.75 (+0.58), 5.1
5) Republic of China (Taiwan) 2.48 (+0.05), 5.85
6) Japan 2.13, 6.13
7) New Zealand 1.87, 5.88
8 ) Australia 1.74, 7.19
9) Philippines 1.54, 5.75
10) Malaysia 1.26, 9.01
11) North Korea 0.69, 17.24
12) Singapore 0.62, 14.49
13) Thailand 0.41, 26.32

The economic powerhouse of the region is undoubtedly Indonesia. Highly competitive wages and a moderate price level of commodities make the most populated country of the region a local (if not global) superpower. China, Russia, South Korea and Taiwan are also doing all right, their economic performance have all improved since the last Snapshot. Japan, battling with an invasion from the East still maintains a healthy economy, while down to the South countries in Indonesia's neighbourhood are struggling in an economic sense too. North Korea and Thailand have the highest income taxes in the region (25😵, while Singapore (and again North Korea) are scoring low because of the relatively high market prices. Given the current top Job Market offer, a worker in Thailand has to work almost a month for a Gold - unless he decides to pick up an offer in Indonesia and make almost seven times as much there.



As explained in ThingBig's European Economy Snapshot, HitBig Index is an indicator of the purchasing power parity of top wage offers outstanding:

"The HitBig index is inspired by The Economist's Big Mac Index, a semi-humourous illustration of purchasing power parity, the amount of time that an average worker in a given country must work to earn enough to buy a Big Mac.

Our HitBig Index is somehow different though. It actually shows how many 'Big Hits' a worker taking the top wage offer in a given country could afford. 'Big Hit' means here five hits with a Q5 weapon plus five units of Q5 food to cover the wellness loss.

Thus, the HitBig index of a given country is a calculated indicator based on top Job Market offers and top quality commodities. Note that actual wages may differ."



I have also added another indicator: the G/D ratio - the number of days a worker accepting the top wage offer has to work for a Gold - practically an indicator of Gold parity value of wages. Multiply it by ten and you’ll get the number of days a worker has to work to save up for a Q1 finished goods company - an important indicator of a country's potential for economic growth.