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| Name | Largest Economies in the world by GDP (Purchasing Power Parity ) 2023 |
| Video Uploader | Video From iNFOLENS |
| Upload Date | This Video Uploaded At 20-01-2023 20:17:32 |
| Video Discription | This Video provides the Richest countries in the world ranked by their forecasted GDP (PPP), which is a measure of a country's economic output based on purchasing power parity. Do not confuse a country by nominal GDP. This method takes into account the relative cost of local goods, services, and inflation rates within a country, rather than using international market exchange rates. This can provide a more accurate picture of a country's domestic market when compared to using nominal GDP. However, it is important to note that GDP comparisons using PPP have limitations when measuring financial flows between countries and when comparing the quality of same goods among countries. Additionally, PPP is often used as a gauge for global poverty thresholds and is utilized by the United Nations in constructing the human development index. These surveys, such as the International Comparison Program, attempt to estimate a representative basket of goods by including both tradable and non-tradable goods. It's worth mentioning that certain regions that are not widely considered countries such as the European Union and Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. |
| Category | People & Blogs |
| Tags | richest countries | richest countries in the world | richest country | top economies in the world | largest economy | gdp ppp | gdp 2023 | largest economies of 2023 | gdp | world gdp | world gdp ranking | world gdp ranking 2023 | gdp ranking 2023 | 2023 gdp ranking | world economy 2023 | richest countries in the world 2022 | richest country in the world 2023 | purchasing power parity | gdp comparison | Largest economies in the world |
