No, it’s not. It’s just a different perspective. In some aspects it does reveals real economic power, but in other ways it can vastly exaggerate a country’s eco

No, it’s not. It’s just a different perspective. In some aspects it does reveals real economic power, but in other ways it can vastly exaggerate a country’s economic power. Having hundreds of millions of poor near-subsistence farmers will add quite a lot to a country’s GDP (PPP), but does not make that country more powerful on the international stage. I’d argue that PPP is more misleading than meaningful.you Like, you can get an apartment built really cheaply in China. Yes, your money goes further there. But there’s also a much higher risk that the building is very low quality and will fall apart in a short time. And what’s more, you’re not actually buying and fully owning it. The land is leased from the government