There are many factors to measure the level of economic development and living standards of a region, among which the total GDP and per capita GDP are the most critical factors, as long as the country's total GDP and per capita GDP are very high, the living standards and economic development level of the people in this country are generally not bad.
The United States is the uncrowned king
However, the reality is that the level of economic development of different countries and regions varies greatly, and the total GDP and per capita GDP of countries do not fully reflect the standard of living.
Theoretically, China's per capita GDP is 12,500 US dollars, and the per capita GDP of the United States is 80,000 US dollars.
It's like a haircut in China that might cost twenty or thirty yuan, but a haircut in the United States costs one or twenty dollars, so you can see that the price of a haircut in the United States is much higher than the price of a haircut in China.
This is the difference in the purchasing power of the currencies between the two countries in the presence of exchange rates.
In order to better reflect the living standards of people in different countries and regions, the International Monetary Fund has made a list of the purchasing power of the currencies of the world's major countries on the basis of the GDP ranking.
Recently, with the end of 2023, the International Monetary Fund (IMF) has also released its forecast for the purchasing power statistics of the world's major countries.
The above is the full list of the top 20 countries in the world in terms of purchasing power and GDP.
China's purchasing power and GDP surpass that of the United States
In 2023, the total GDP of the United States will reach $26 trillion, while China's total GDP will only be more than $17 trillion, far exceeding China's.
According to the statistics of the International Monetary Fund, China's purchasing power and GDP will surpass that of the United States in 2023, reaching a total of 33 trillion US dollars, ranking first in the world, and 14 trillion US dollars higher than China's total GDP!
Excluding the United States, which ranked second, and India, which ranked third, Japan, Germany, Russia, Indonesia, Brazil, France, the United Kingdom, and many other countries together have a combined purchasing power and GDP that cannot compare with China.
Of course, China's total GDP and people's living standards surpass those of the United States in the ranking of GDP purchasing power, which does not mean that China's comprehensive national strength and people's living standards are still far lower than those of the United States in terms of per capita GDP and per capita purchasing power.
China's per capita GDP is $12,500, and the United States is about seven times that of China. As for the purchasing power of GDP, China has 23,000 US dollars, and the United States is about 4 times that of China.
India's purchasing power and GDP are significantly ahead of Japan and Germany
The US purchasing power GDP of $26 trillion is not surprising to you, and even China's purchasing power GDP of $33 trillion exceeds that of the United States, which is not too surprising to Chinese.
It is really surprising that India's total purchasing power and GDP surpass that of Japan and Germany, and even surpass Japan and Germany to rank third in the world.
According to the 2023 GDP rankings, India's total GDP is $3.37 trillion, ranking fifth in the world, surpassing the United Kingdom but lower than Germany and Japan.
However, the purchasing power GDP is recognized by the International Monetary Fund as 13 trillion US dollars, which is directly 10 trillion US dollars higher than its own total GDP, and the purchasing power GDP is 4 times higher than the total GDP.
Even China, the world's largest developing country, has less than twice as much purchasing power as its own GDP.
This puts India in the third largest country in the world in terms of purchasing power and GDP, and Japan and Germany, which are ranked fourth and fifth together, do not have the same purchasing power as India.
Russia is slightly lower than Germany and ranks second in Europe
Some time ago, one of the hot things on the Internet was that Putin said in his announcement that Russia's total purchasing power and GDP have surpassed Germany and become the first in Europe.
However, according to the International Monetary Fund, Russia's real purchasing power GDP is $4.98 trillion, far higher than its total GDP of $1.89 trillion.
However, it still does not surpass Germany, whose total GDP is $4.42 trillion and its purchasing power GDP is $5.54 trillion, which is five or six hundred billion dollars higher than Russia's $4.9 trillion purchasing power GDP.
Of course, compared to its own total GDP, Russia's purchasing power GDP ranking is already very high.
In 2023, Russia can only rank 11th in the world based on total volume, but its purchasing power GDP can rank sixth in the world, surpassing the old European powers Britain, France, and Italy.