Economics is a fascinating subject. The study of the economy has enabled us to understand how trade works and how it impacts the world. Maintaining a strong economy is absolutely necessary to ensure the development of a country. And economics have provided us with tools that we can use to determine whether a country has a strong or weak economy. We can use tools like, GDP (Gross Domestic Product), GNP (Gross National Product) and PPP (Purchasing Power Parity). Using any one of these tools will give us the about a country’s current economic state. But today we will be using PPP to see which countries have the strongest economies in 2015. Well, PPP is basically the comparison in between currencies, a common market basket of goods is predetermined, and how much currency is needed to purchase the basket is determined for each given currency. And the country which needs the least amount of money to obtain the said basket is assumed to be boasting the strongest economy. Insider monkey used data from the IMF, World Bank and CIA Factbook report for the year 2014, and then analyzed the data to come up with the ranking.
If you wish to learn more about this interesting topic, then you have come to the right place. At insider monkey’s blog page, we have put together the list of 15 Largest Economies in the World Ranked by 2015 PPP. Just click on the provided link to get instant access to the full article.