The Richest Countries in the World by GDP Per Capita PPP

The Richest Countries in the World by GDP Per Capita PPP @CityGlobeTour ********************************* GDP per capita PPP (Purchasing Power Parity) is a measure that takes into account the relative cost of living and inflation rates between countries. It is often used to compare the economic well-being and standards of living across different nations. GDP per capita PPP provides an estimate of how much goods and services an average individual can afford in a particular country, adjusted for purchasing power. To calculate GDP per capita PPP, the total Gross Domestic Product (GDP) of a country is divided by its population. The GDP is adjusted using the purchasing power parity exchange rate, which accounts for differences in the cost of living between countries. This adjustment allows for a more accurate comparison of living standards across nations. GDP per capita PPP is generally considered a more reliable indicator than GDP per capita at exchange rates, as it account