Concept: July 17, 2022. List of First 10 Countries by GDP, Adjusted by PPP, as measured in 2020
Here is the list of countries by GDP (Gross Domestic Product) in US$, adjusted by PPP (purchasing power parity). This is IMF data.
The concept of PPP is useful because when converted to local currencies, the US$ is able to purchase different amounts of the same goods, based on the conversion rate of the local currency.
| Rank | Country | GDP(PPP) US$ (trillion) |
|---|---|---|
| 1 | China | 30.2 |
| 2 | United States | 25.3 |
| 3 | India | 11.7 |
| 4 | Japan | 6.1 |
| 5 | Germany | 5.3 |
| 6 | Russia | 4.4 |
| 7 | Indonesia | 4.0 |
| 8 | United Kingdom | 3.8 |
| 9 | Brazil | 3.7 |
| 10 | France | 3.7 |
It is interesting to see how this changes over time. Asian countries are increasing their share, Western countries are decreasing it.
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
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