France had a GDP growth of 2.6% in 2022. The size of its economy in PPP terms was measured at $3.70 trillion. This year the economy is likely to slow down and be subdued to a rise in energy prices.
Ever wonder why a McDonald’s burger costs much more in the US than in India? Of course, because people earn higher incomes on average in the US. But the technical term for this is purchasing power ...
Purchasing power parity (PPP) is a concept found in macroeconomics. Using PPP, economists seek to calculate the cost of items across various different countries and currencies. Looking for a helping ...
Although some like San Marino and Iceland have high per capita GDP, their overall economies are among the smallest. Which is the poorest European country? San Marino is the poorest European country ...
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