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Thing is that PPP is only for basic stuff (food, energy), and not tech stuff. A phone in Russia is not cheaper, and in fact all the imported goods are not cheap
by mahkeiro 5y ago
Thing is that PPP is only for basic stuff (food, energy), and not tech stuff. A phone in Russia is not cheaper, and in fact all the imported goods are not cheaper.
- ausudhz 5y agoDepends what phone. if you're importing it yes, is not cheaper. If is a local brand most likely yes. Also what you say is not even true > Elementary PPP calculation The PPP estimation process begins with the participating economies collecting prices for items chosen from a common list of precisely defined items. These common lists include both regional items, priced in a specific region, as well as global items, priced in all ICP regions. These two sets of prices cover the whole range of final goods and services included in GDP: household consumption expenditures, government consumption expenditures, and gross capital formation expenditures. https://www.worldbank.org/en/programs/icp/brief/methodology-calculation#i.%20Elementary%20PPP%20calculation https://www.worldbank.org/en/programs/icp/brief/methodology-...
- mahkeiro 5y agoOf course it contains global stuff but the weight of these are rather small in the basket of goods. First will come, basic necessities, housing, health, etc.