this post was submitted on 14 Sep 2026
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This comic is kinda old already, but still stays relevant.

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[–] Cowbee@lemmy.ml 1 points 8 hours ago (1 children)

I don't think comparing by nominal GDP is nearly as effective as GDP adjusted to PPP. Russia is an industrialized economy with a low nominal GDP but higher GDP by PPP, whereas California has a high nominal GDP but is much lower by PPP.

[–] UltraGiGaGigantic@lemmy.ml 2 points 7 hours ago (1 children)

PPP

Purchasing Power Parity if anyone else didnt know.

[–] Cowbee@lemmy.ml 1 points 7 hours ago