“According to purchasing power parity, Georgia ranks 76th among the economies of the world,” - it is written in the 2022 GDP data according to the purchasing power parity of the countries of the world, which was published by the World Bank and the International Monetary Fund.
The top 10 countries in the purchasing power parity list are as follows:
Luxembourg - 115,542 dollars
Ireland - 113,871 dollars
Singapore - 108,036 dollars
Qatar - 97,096 dollars
United Arab Emirates - $74,299
Switzerland - 70,999 dollars
Norway - 67,462 dollars
USA - 64,703 dollars
Denmark - 59,704 dollars
Brunei - 58,669 dollars
Purchasing power parity is a popular metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach.
Some countries adjust their gross domestic product (GDP) figures to reflect PPP.
Some feel that PPP does not reflect reality due to differences in local costs, taxes, tariffs, and competition.
