Infographic Of The Day: Does Your Country's Production Still Stack Up When You Consider Purchasing Power?
Beyond a country’s gross domestic product, economists also like to look at a metric known as purchasing power parity. Where per capita GDP shows roughly how much money individual people have, PPP demonstrates how much people can afford. PPP tries to give as much of an apples-to-apples comparison of what things cost in one country compared to another, controlling for factors like differences in currency valuations and inflation.
Source: http://econintersect.com/pages/infographics/infographic.php?post=201905220510
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