Which country has the highest purchasing power parity?

Which country has the highest purchasing power parity?

In 2020, Luxembourg had the largest gross domestic product (GDP) per capita at purchasing power parity. The country ranked first with a PPP-adjusted GDP per capita of about 117,983 international dollars.

What is the PPP of China in 2021?

GDP per capita PPP in China is expected to reach 17700.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP per capita PPP is projected to trend around 18210.00 USD in 2022 and 18350.00 USD in 2023, according to our econometric models.

Which country is third position in Purchasing Power Parity?

India retains position as third largest economy in PPP, global actual Individual consumption, capital formation.

Which country has the highest GDP in the world adjusting for purchasing power parity )?

China is the top country by GDP based on PPP in the world. As of 2020, GDP based on PPP in China was 24,142.83 billion international dollars that accounts for 18.36% of the world’s GDP based on PPP.

Which country has highest GDP in 2021?

GDP (Nominal) Ranking

Which is the richest country in the world 2021?

China: China is the most populous nation on the planet. It had the first spot on the list of the richest nations in the world in 2021 surpassing the United States of America.

Which country has the strongest economy in Europe 2021?

With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.

What is Japan’s PPP?

In the long-term, the Japan GDP per capita PPP is projected to trend around 41780.00 USD in 2022, according to our econometric models. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population.

What is the PPP of Pakistan?

GDP per capita PPP in Pakistan averaged 3697.54 USD from 1990 until 2020, reaching an all time high of 4739.47 USD in 2018 and a record low of 2915.90 USD in 1990.

Why is China’s PPP so high?

China has the world’s largest population. When you multiply a medium income per capita by a billion “capita,” you get a large number. The combination of a very large population and a medium income gives it economic power, and also political power.

When did China surpass US in PPP?

The United States and China are the two largest economies globally in both Nominal and PPP methods. US is at the top in nominal, whereas China is at the top in PPP since 2017 after overtaking the US.

What is the PPP of India in 2021?

Based on PPP, the GDP per capita of India is projected at 7,333 International dollars in 2021. It is almost 40% of the world gdp per capita….Projections by IMF.

Which is the richest country in 2030?

Looking ahead, China is expected to pass the U.S. as the world’s largest economy in 2030.

Who has the most purchasing power in the world?

The biggest nation on Earth, China, is expected to keep its top spot as the country with the largest purchasing power on Earth and is on track to more than double its purchasing power by 2060, according to the OECD.

Which is the richest country in the world 2022?

The European country of Luxembourg has been classified and defined as the wealthiest country in the world. These findings are based on the gross domestic product per capita values of the countries.

Which country is No 1 in world?

United States. The United States of America is a North American nation that is the world’s most dominant economic and military power. Likewise, its cultural imprint spans the world, led in large part by its popular culture expressed in music, movies and television.

Which country has the best economy 2022?

Top 15 Countries by GDP in 2022

• United States: $20.89 trillion.
• China: $14.72 trillion.
• Japan: $5.06 trillion.
• Germany: $3.85 trillion.
• United Kingdom: $2.67 trillion.
• India: $2.66 trillion.
• France: $2.63 trillion.
• Italy: $1.89 trillion.