What Is Purchasing Power Parity? In academic terms, purchasing power parity is the rate of currency conversion which must occur between two economies to equalize the cost of a basket of goods between ...

GDP PPP of any country reflects the overall purchasing power and cost of living, offering a clearer picture of a nation's economic reality. And when it comes to Asia, everyone knows how its economy is ...

Richest Countries in Asia by GDP PPP: Asia’s economy is booming like never before — now making up nearly 40% of the global economy. GDP (PPP) measures the total economic output of a country, adjusted ...

The population of BRICS nations currently exceeds 3 bln people, Kirill Dmitriev said, adding that "it equals 40% of global population" MOSCOW, October 17. /TASS/. The share of BRICS countries may ...