Visual Capitalist September 30, 2019
Earlier this month, we showed you the world’s $86 trillion economy broken down by country, using nominal GDP calculations.
While this is one useful way to view the global economic picture, it’s not the only way.
Today’s visualization, which comes to us from HowMuch.net, is similar in that it also uses a Voronoi diagram to display the composition of the world economy by GDP. However, by adjusting data for purchasing power parity (PPP), it produces a very different view of how global productivity breaks down.
What is PPP?
Purchasing power parity, or PPP, is an economic theory that can be applied to adjust the prices of goods in a given market.
In essence, instead of using current market rates for...
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