this post was submitted on 14 Jan 2024

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"We are the largest economy in Europe, despite pressure from every side": Russian President Putin (m.economictimes.com)

submitted 10 months ago by intelshill@lemmy.ca to c/worldnews@lemmy.ml

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[–] Tosti@feddit.nl 18 points 10 months ago (1 children)

Purchase Power Parity only works domestically. Once you venture out in the world, things cost what they cost, no matter how little your populace makes.

[–] slaacaa@lemmy.world 2 points 10 months ago* (last edited 10 months ago)

It makes zero sense, but of course tankies will be happy to parade it around. The are well after the 50th in GDP per capita PPP, and probably much lower if would look at actual consumption. In total GDP, outside of top 10