USA #1 !!!!

Which one is a better metric?

brazil is top seven first world country

Basically, normal GDP uses US dollars, the de facto international trade currency. PPP uses imaginary "international dollars" so that the country who controls the international trade currency doesn't get a statistical advantage.

Basically, PPP doesn't reflect reality

Well, PPP gives you inflation adjusted values, so it's a better indicator. But nominal is more important in international trade.

>PPP

and you thought america will be """great""" again.

nothing personal kid

Nominal GDP compares the literal size of both economies, measured in USD. In other words, the entire final production of a country converted into dollars.

The other metric is the same, but it is adjusted to the prices of every country (hence Purchasing Power Parity). You can buy far more things with 10$ in China than in the US and this metric tries to reflect this.

The United States economy is bigger than China's when measured in dollars, but you can get more stuff with the GDP of China, in China, than you can get with US' GDP in the US.

Since we use the USD as refference, the United States nominal GDP is the same as its PPP.

>Entire continent of Europe needs to band together to top USA
EU is not whole Europe tho

>PPP

>millions of Sup Forums