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In PPP (Purchasing Power Parity) they will, in real dollars China is forecasted to but India won't be close. As a US based tech company my customers pay me in r
by bretpiatt 8y ago
In PPP (Purchasing Power Parity) they will, in real dollars China is forecasted to but India won't be close. As a US based tech company my customers pay me in real dollars so we use real vs. PPP for our market size analysis.
https://www.statista.com/statistics/271724/forecast-for-the-countries-with-the-highest-gross-domestic-product-gdp-in-2030/ https://www.statista.com/statistics/271724/forecast-for-the-...
In real dollars the US ($19T) still has a substantial lead on China ($12T) today so the 2030 forecasts assume continued substantial growth for China.
https://data.worldbank.org/indicator/ny.gdp.mktp.cd?year_high_desc=true https://data.worldbank.org/indicator/ny.gdp.mktp.cd?year_hig...
- JumpCrisscross 8y ago> As a US based tech company my customers pay me in real dollars Transactions occur in nominal dollars. “Real” is an adjustment made so nominal figures at different points in time can be compared.
- bretpiatt 8y agoI suppose we could debate about if I'm paid in real or nominal dollars for my tech I sell to folks. Today I'm paid in nominal dollars, over my 10 years of history it's real ones. The core point is I'm not paid in PPP dollars from India with a 17/1 PPP adjustment over the US. https://en.m.wikipedia.org/wiki/Real_versus_nominal_value_(economics) https://en.m.wikipedia.org/wiki/Real_versus_nominal_value_(e... https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm https://data.oecd.org/conversion/purchasing-power-parities-p...