Warsaw better than London
21:13
Marcel Fratzscher, professor of macroeconomics at Humboldt University and head of Berlin's Deutsches Institut für Wirtschaftsforschung (DIW), found artwork in the German WELT that shows that when it comes to the difference between the capital and the rest of the country, Warsaw has even surpassed London.
GDP per capita in Warsaw is 2.21 times greater than the average GDP per capita for Poland. In Great Britain, famous for its centrality of capital, for London it is "only" 1.76 times more.
Of course, Berlin is the loser of the competition, because it faces an uphill task. First, it is the capital of an extremely decentralized country. Secondly, it is a relatively poor city, because there is no money for it, such as in Frankfurt, Munich or even Hamburg.
And the head of DIW himself writes: "Germany was one of the few countries in the world where GDP per capita in the capital was below the national average. This has now changed due to Berlin's impressive economic boom in the last decade."
The data shows only the centralization of business activity in the country. The problem in this case is that Warsaw is a relatively small capital without as much as 13 percent residents of the whole country like in Great Britain or over 30 percent as in Armenia, but just 5 percent. Therefore, there is a fear that the cream of Warsaw glitz is consumed by a very small group of people.
