![](https://www.economist.com/img/b/640/1018/90/media-assets/image/20230415_FBC726.png)
America’s outperformance has translated into wealth for its people. Income per person in America was 24% higher than in western Europe in 1990 in ppp terms; today it is about 30% higher. It was 17% higher than in Japan in 1990; today it is 54% higher.
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