According to the International Monetary Fund (IMF), the purchasing power parity (PPP) can be described as the rate at which the currency of one country would have to be converted into the currency of another country to purchase the same amount of goods and services in each country.
The difference in the cost of purchasing the same products in different economies has been described as the purchasing power parity, a development caused by lower wages in the underdeveloped countries.
A global financial investment firm, InsiderMonkey has curated the 10 countries with the highest purchasing power parity in the world in 2024.
