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Big Mac-ronomics: What The Price of a Big Mac Reveals About Purchasing Power Around the World


"Technically, a member of the BOP is part of the largest but poorest groups of the world's population, who live with less than $2.50 a day and are excluded from the modernity of our globalised civilised societies, including consumption and choice as well as access to organised financial services. Some estimates based on the broadest segment of the BOP put its demand as consumers at about $5 trillion in Purchasing Power Parity terms"


The World's Richest Countries And Biggest Economies, In 2 Graphics

2010 GDP Per Capita in US Dollars. Notes: GDP per capita (purchasing power parity), 2010. *Qatar figure is for 2009, the most recent year available. Source: World Bank Credit: Lam Thuy Vo / NPR


China surpasses US as world's largest economy based on key   China has surpassed the US in terms of GDP based on purchasing power parity (PPP), becoming the largest in the world by this measure, International Monetary Fund estimates show.   In 2014 China reached $17.6 trillion or 16.48 percent of the world’s purchasin...

This chart shows government spending using OECD data that is adjusted using the purchasing power parity (PPP) exchange rate. Data from the OECD is used to chart total government expenditures for various Eurozone countries in U.S. dollars for the period of 1995 to 2010.

from The Independent

Move over America: China overtakes US as world's biggest economy (kind

China has finally overtaken the USA as the world's biggest economy - at least when the figures are adjusted for Purchasing Power Parity.