While global economics can sometimes seem boring, at its core lies the Gross Domestic Product (GDP) per capita. This figure represents the total income earned by a country’s people and businesses, plus taxes, minus subsidies, divided by the population.
Each year, experts use GDPs to assess the economic status of countries worldwide.
Crunch the numbers, convert them to a rate that compares purchasing power parity (PPP) to equalise the cost of living across different currencies, and you can make sense of the world’s economy.
