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Big Mac-ronomics: What The Price of a Big Mac Reveals About Purchasing Power Around the World

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from NPR.org

The World's Richest Countries And Biggest Economies, In 2 Graphics

2010 GDP per Capita (Purchase Power Parity - PPP) for all countries w/ GDP per Capirta over $ 15,000 ... via NPR

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India overtakes Japan to become third-largest economy in purchasing power parity

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What is PPP - Purchasing power parity (PPP) is a component of some economic theories and is a technique used to determine the relative value of different currencies.

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from The Economist

Return of the Mac

Purchasing power parity: Return of the Big Mac index.

"Technically, a member of the BOP is part of the largest but poorest groups of the world's population, who live with less than $2.50 a day and are excluded from the modernity of our globalised civilised societies, including consumption and choice as well as access to organised financial services. Some estimates based on the broadest segment of the BOP put its demand as consumers at about $5 trillion in Purchasing Power Parity terms"