Re:Treemap of World GDP by Purchasing Power Parity (PPP) 2020
by throwaway4good on Thursday March 28, 2024 @06:24AM
(#39849452)
Most activity of a country is consumed internally. Nominal GDP is (short-term at least) dominated by currency fluctuations.
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Re:Treemap of World GDP by Purchasing Power Parity (PPP) 2020
by DiogenesKynikos on Thursday March 28, 2024 @07:50AM
(#39850037)
If you plot the US' nominal GDP over time in terms of USD, it looks pretty smooth, while other countries bounce around a lot more.[0] That's because other countries' USD nominal GDPs are affected by exchange-rate fluctuations.
If you plot in terms of PPP GDP, other counties suddenly appear much smoother.[1]
0. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location...
1. https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...