3 ms·
Very interesting. Here is a link that explains the PPP measure in greater detail. https://www.investopedia.com/updates/purchasing-power-parity-ppp/ https://www.
by MichaelMoser123 4y ago
Very interesting. Here is a link that explains the PPP measure in greater detail. https://www.investopedia.com/updates/purchasing-power-parity-ppp/ https://www.investopedia.com/updates/purchasing-power-parity...
Actually the big mac index is a kind of PPP like measure.
I thought it was a stretch to compare the economy of Russia and Germany, however it seems to make sense, as the PPP per capita of Germany vs Russia is 54076$ vs 27903$ while the population is 83 million vs 144 million.
Other interesting details:
The GDP per capita of Russia vs Ukraine is 10125$ vs 3726$ (ratio of 2.7)
The PPP per capita of Russia vs Ukraine is 27903$ vs 13110$ dollars (ratio of 2.12)