Purchasing power parity (PPP) is a concept found in macroeconomics. Using PPP, economists seek to calculate the cost of items across various different countries and currencies. Looking for a helping ...

Ever wonder why a McDonald’s burger costs much more in the US than in India? Of course, because people earn higher incomes on average in the US. But the technical term for this is purchasing power ...

India has overtaken Japan to become the world’s fourth-largest economy, with the GDP estimated at $4.18 trillion. The rise ...

Purchasing Power Parity is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. For ...

The International Comparison Program (ICP) comparisons of gross domestic product (GDP) are based on the value of an individual item equaling the product of its price and quantity (that is, the ...

In this article, we shall discuss the 50 poorest countries based on GDP per capita (2023 PPP). To skip our detailed analysis of global poverty and the efforts underway to alleviate poverty rates and ...