China Tops Purchasing Power Rankings; Asia-Pacific Leads in Economic Productivity
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Purchasing power parity (PPP) measures the relative value of currencies and economic productivity between countries. The top country by PPP is China with over $34 trillion.
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The Asia-Pacific region has the highest GDP (PPP) at $84.82 trillion. The Pacific Islands and Caribbean have the lowest at $314 billion.
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Supply chain disruptions caused by conflicts impact companies like Alibaba, Tesla, and Tesco that rely on shipping. This can drive inflation up.
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The Netherlands, Malaysia, Philippines, Nigeria, and Bangladesh round out the bottom 5 countries on the list of the top 30 countries by purchasing power parity.
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The US remains the undisputed leader in private wealth creation and accumulation, with $67 trillion in liquid investable wealth. However, China leads by GDP (PPP).