Egypt, Pakistan, Myanmar, Ethiopia and Laos are economies with the lowest prices according to a review of economic data which seeks to measure spending power across countries and compensate for exchange rate effects
The United States, the world’s largest economy finds itself in the 25th place,which is relatively lower than most other high-income countries.
The countries with the highest gross domestic product (GDP) per capita on a purchasing power parity basis, were Qatar, Macao, Luxembourg, Kuwait, and Brunei.
Eight countries, including Malawi, Mozambique and Liberia, had GDP per capita of less than $1,000.
In this review World bank used slightly different methodology and country mix compared to the previous exercise back in 2005, middle-income countries received a bigger share of the global economy, at the expense of both low- and high- income peers.
Source: Reuters/Chicago Tribune 7:11 p.m. CDT, April 29, 2014 (Reporting by Krista Hughes; Editing by Jonathan Oatis).
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