GNI PPP

(noun)

The GNI PPP is the gross national income of a country converted to international dollars using a factor called the purchasing power parity, and is a commonly used measure of national economic well-being.

Related Terms

Examples of GNI PPP in the following topics:

  • Poverty

    • Liberia has a substantially lower GNI PPP than the United States, meaning that the nation's wealth is much lower.
    • A commonly used measure of national economic well-being is the GNI PPP.
    • The GNI PPP is the gross national income of a country converted to international dollars using a factor called the purchasing power parity.
    • In other words, GNI PPP lets you understand how much a person could buy with a given amount of money (in other words, a person's annual income), regardless of the country's currency.
    • It enables comparisons between the relative wealth and poverty of countries — the higher a country's GNI PPP is, the better off the average person in that country is.

  • Poverty

    • Liberia has a substantially lower GNI PPP than the United States, meaning that the nation's wealth is much lower.