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 Purchasing power parities (PPP), and Exchange rates 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 ...