Evaluations for 2023 are expected as usual next spring when the economic data have been collected and published. The calculations in this table are based on data from 2022.
If we now adjust incomes for purchasing power, we obtain an internationally comparable fictitious currency: the PPP dollar, which stands for Purchasing Power Parity. A rented apartment for $500 per month may be standard in many countries, but in a poor developing country, you can purchase half a palace for the same money but buy a sparse little room, at best, in a rich country like Singapore. This is because income is not measurable over different countries if the money cannot be used to buy the same things.Īn income can, therefore, only be compared if the respective countries' price structure is considered. If you convert this income to the number of inhabitants, you get a value that is hardly comparable. It is the gross domestic product, the sum of all domestically generated income. Income and purchasing power Earned capital is a figure measured and published annually by most countries.
