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Please check https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) where the World Bank, IMF
by aclsid 8y ago
Please check https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) where the World Bank, IMF and the CIA, they all agree China is on top now. But I'm truly impressed how that fact seems to offend people here based on the downvotes these replies get.
- skinnymuch 8y agoPPP isn’t the actual amount. That’s why people are talking rightfully about nominal. Facebook makes money based off your nominal money, not an algo based PPP since it’s not a real number. All those organizations you mention all agree USA is still on top for nominal GDP. I unfortunately think you’re projecting with the people getting offended bit.
- aclsid 8y agoOk in there you have a point. I ended up doing some more reading about this and saw this https://bigthink.com/politics-current-affairs/china-worlds-biggest-economy-2020?rebelltitem=3#rebelltitem3 https://bigthink.com/politics-current-affairs/china-worlds-b... So you are right with the nominal distinction, and if I was wrong about that, then the downvotes probably reflected that more than any opinion of mine.
- skinnymuch 8y agoEven then, when India or China overtake, they’ll still be poor countries in many ways. Only a fraction of their populations will have disposable income at a level that companies can expect to get. Of course you don’t need all the people in the country to have (disposable) money since their populations are so big. And companies like PinDuoDuo in China have shown they can become $30B public companies with a profit in 2 years by mainly targeting poorer or more rural Chinese.