EVE General Discussion

I don't see why it should have any impact. CCP's revenue is coming from global customers, not from the handful of EVE players in Iceland. CCP should be quite insulated from the rest of Iceland's economy. A falling standard of living might even benefit them slightly because the (reportedly not too luxurious) salaries they pay their employees would be worth more in Iceland.

That said, afaik the seemingly high former GDP came exclusively from the banking sector, which was basically just a giant bubble and scam. That was never real money, so the lower GDP is just a return to reality.

I expect no impact.
Lower GDP could mean lower wages which could lead to either a) higher profits or b) more employees. However, in practice, you're not in the average market, but a niche where GDP-influence will be limited so that we won't notice anything at all.

Last time I have been learning about economy I have seen that resources like oil and massive dependency on its price for government can cause even military coup.

There was nothing about dependency on online game however, and Iceland have no standing army, so you can sleep peacefully.

Total GDP can be a misleading concept. What you really want to look at is GDP per capita, which shows the average GDP per person in said country.

I'm an economist.

lol IMF

Title does have GDP as a starting point, however I said, "ppp".

GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country in a given period. Each country reports its data in its own currency. To compare the data, each country's statistics must be converted into a common currency. The two most common methods to convert GDP into a common currency are nominal and purchasing power parity (PPP).

Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. It is the original concept of GDP. In Nominal method, market exchange rates are used for conversion. It does not take into account differences in the cost of living in different countries. Fluctuations in the exchange rates of the country's currency may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.

PPP basis arguably more useful when comparing differences in living standards between nations. A haircut in New York is more expensive than in Lima; the price of a taxi ride of the same distance is higher in Paris than in Tunis; and a ticket to a cricket game costs more in London than in Lahore. PPP is an exchange rate at which the currency of one country is converted into that of the second country in order to purchase the same volume of goods and services in both countries. If a hamburger is selling in London for £2 and in New York for $4, this would imply a PPP exchange rate of 1 pound to 2 U.S. dollars. PPP exchange rates are relatively stable over time. Drawbacks of PPP is that PPP is harder to measure than nominal.

Out of 190 countries/economies, 173 have higher GDP in PPP basis and 16 have higher in nominal. For United States both are identical. 22 economies has higher ppp values by 3-4 times.

South Sudan has highest difference between PPP and nominal gdp calculation. GDP (PPP) of South Sudan is 9 times larger than GDP (nominal). South Sudan is followed by Myanmar (4.2) and India (3.8). This value is lowest for Switzerland (0.73).

There is a large gap between nominal and PPP based GDP in emerging market and developing countries. But for advanced countries, difference is much closer. Out of 16 economies which has ppp to nominal ratio is less than one (i.e, ppp value is less than nominal), 8 are among 14 richest and 11 are among 25 richest economies in nominal basis.

~StatisticsTimes.com

What about GDP by decile then? Comparing GDP growth to GDP by decile over time in some countries can be an interesting exercise.

So, you're saying it has no impact on the game?

Now you will no longer need PLEX to play EVE. Forever.

I wonder how much this perpective will influence PLEX prices.

IMF is not a neutral third party vs Iceland and there are reasons for IMF to put pressure on a country that managed banksters in a way that is seen as "inconvenient" to finance brass.