Top Countries by GDP and How Purchasing Power Parity (PPP) Changes the Game
When we talk about the world’s largest economies, Gross Domestic Product (GDP) is usually the first metric that comes to mind. However, did you know there’s more than one way to measure a country’s economic strength? While nominal GDP reflects market exchange rates, GDP based on Purchasing Power Parity (PPP) offers a clearer picture of a country’s true economic size by accounting for cost of living differences.