Cold Countries average a higher GDP per capita. For one degree fall in temperature, the GDP per capita rose by $762. This arises due to various factors, as mentioned in the video.
There was a video by Economics Explained, but all the service of the video is exactly what not to do in a video. The videos are terrible at drawing conclusions and the statistical impact is merely scratching the surface.
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In order to truly know what defines this rise in GDP per capita, take a look at the video down below.
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This post is tagged under: economy, gdp, gdp growth, gross domestic product, rich countries, cold countries are richer, hot countries poor, climate affecting gdp