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Top 20 Country GDP PPP History & Projection 1800 2040 historical gdp by country world gdp 1900 2016

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Description

This video shows the Top 20 countries with the highest GDP PPP from 1800 to 2040 based on 2011 international dollars. It gives a brief history of the world since the 1800s. China and India were ahead before the 1900s while the US started leading after the 20th century.

Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power.

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Source:
The Angus Maddison Project & World Bank

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