what GDP PPP means
In: 2
GDP PPP is the “raw” Gross Domestic Product (GDP) adjusted for Purchasing Power Parity (PPP). GDP measures what an economy produces in terms of final goods and services. Since different economies have different price levels, the PPP adjustment is to try to adjust the GDP by what that amount would purchase according to a somewhat standard basket of good. This is done to give a comparable measure of a quality of life afforded by that GDP.
Latest Answers