Purchasing Power of US Dollars in Other Countries

One popular macroeconomic analysis metric to compare economic productivity and standards of living between countries is purchasing power parity (PPP). PPP is an economic theory that compares different countries' currencies through a "basket of goods" approach.

Purchasing Power Ranking Based on 2021 Data


Based on data of 

from [1].  The below table ranks the purchasing power of using US dollars to purchase the same basket of goods in different countries.  For example, 

In Columbia, you can purchase 2.76 times of the same basket of goods as you do in USA.

Country Purchasing Power of USD
Georgia 3.37
Zambia 3.23
India 3.19
Turkey 3.18
Madagascar 3.18
Indonesia 3.01
Colombia 2.76
Russia 2.69
North Macedonia 2.67
Cameroon 2.45
Albania 2.41
Romania 2.38
Senegal 2.35
Morocco 2.33
Bulgaria 2.30
Argentina 2.20
Brazil 2.14
Poland 2.10
Saudi Arabia 2.10
South Africa 2.06
Mexico 2.02
Hungary 1.96
Croatia 1.94
Costa Rica 1.87
Lithuania 1.82
Chile 1.76
Czech Republic 1.68
Latvia 1.67
Singapore 1.60
Slovak Republic 1.56
Estonia 1.54
Greece 1.54
China (People's Republic of) 1.54
Slovenia 1.49
Portugal 1.48
Malta 1.43
Cyprus 1.38
Spain 1.35
Korea 1.35
Hong Kong, China 1.33
Italy 1.29
European Union (27 countries, 2020) 1.27
Euro area (19 countries) 1.20
France 1.17
Germany 1.14
Belgium 1.14
Netherlands 1.10
Austria 1.10
Japan 1.09
Ireland 1.07
United Kingdom 1.05
Finland 1.02
Canada 1.00
United States 1.00
Luxembourg 0.99
Sweden 0.98
Denmark 0.95
New Zealand 0.95
Australia 0.92
Norway 0.89
Israel 0.85
Iceland 0.84
Switzerland 0.83


References

Comments

Post a Comment

Popular posts from this blog

Dallas-Fort Worth: Travelling and Billing on North Texas Toll Roads (NTTA)

Image
If you visit the  Dallas-Fort Worth area, you could have the following options driving on its toll roads: Driving your own car Order a TollTag  (i.e., either a sticker or a hardcase)  in advance  Pay by  ZipCash later Renting a car Use the TollPass service provided by a car rental company For example, here is the information from one car rental company (note that this information may vary): $3.95 per usage day, not to exceed $19.75 per rental period Note that this is the administration fee which doesn't include your unpaid tolls Open a short-term  Zip-Pass account with NTTA   By calling NTTA Customer Service at 972-818-NTTA (6882) Move your hardcase TollTag (not available to the sticker ones) temporarily to a rental car  The reason is that some roads or toll stations in NTTA ( North Texas Toll Roads ) coverage area are " electronic payment only " and this may be the only way to pay your ...
Read more

Larry Fink's Bold Economic Forecast: Tariffs, Uncertainty, and the Future of Globalization (Aug 3, 2025)

Image
Larry Fink's Predictions For The Next Seven Years (YouTube link ) When Larry Fink was asked what macro or geopolitical trends he thought the world elites might be underestimating, he responded,  "I have no idea what the next seven days are going to be, but I'm very confident in the next seven years." In the video above, BlackRock CEO  Larry Fink  outlined his predictions for the next seven years, emphasizing the need for a reimagined "Globalization 2.0."  Key Takeaways Here’s a summary of his key points: Globalization’s Mixed Legacy: Fink acknowledges that globalization has lifted millions into the middle class over the past 25 years but has left many segments of society behind, fueling populism (e.g., Brexit). He advocates for a new globalization model that broadens economic benefits to include those previously excluded. U.S. Policy and Tariffs: The U.S. is disrupting traditional globalization and alliances through aggressive tariff policies. Fink predic...
Read more

How to Apply for a New Texas Driver License?

Image
To apply for a new Texas Driver License, it involves three steps: Vehicle Inspection Car Registration and Title Driver License In this article, I will describe my experience of converting an out-of-state driver license to Texas'. Where to Go? Except for the second step, you can go to any nearby location as you like. For car registration and title , you need to go to your own county where your new residence resides in. Below shows you the links that you can find for where-to-go in each step: Vehicle Inspection You can use Inspection Station Locator provided by TxDPS . Car Registration and Title To do this, you must visit your local county tax-assessor collector office . First find out which county your residence resides in. Then, search for "Texas Plano County Tax Assessor" and Google search will return this link . Google map also shows you the locations of all available county tax office locations. Driver License The clerk of county ...
Read more