>>10949171> How rich are the people living there.this is what PPP literally measures, Kalle-Mehmet, PPP compares the local salaries to the local goods' prices.
It gives a ratio to the purchase power that can be applied universally, regardless of what the nominal GDP numbers tell you.
Just because Albanian box of matches is 1/10th of Swedish box of matches' price, it doesn't turn Swedish box of matches into some 10 times more valuable goods.
