GDP Comparison - Nominal vs PPP (1980~2025)
3:51
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GDP Comparison - Nominal vs PPP (1980~2025)
This video shows the top 20 countries based on nominal GDP and the top 20 countries based on PPP GDP. PPP (Purchasing-Power Parity) GDP is not simply converted into dollars and compared with the GDP calculated in each country's currency units, but reflects the level of prices of each country. Unlike GDP in which income is simply expressed in ...
9K viewsFeb 7, 2021
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Over the past 123 years, Global GDP in purchasing power parity (PPP) has significantly changed. Developed economies like the United States, Japan, and European nations continue to have high GDPs (PPP). Asian countries like China and India have grown their economies quickly. China made financial changes in the late 20th century, and India made policy changes to increase their gross domestic product (GDP). GDP in Purchasing Power Parity (PPP) is a measure that adjusts a country's gross domestic pr
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