Glossary
106 terms defined — economic, geographic, government & more
PPP (Purchasing Power Parity)
EconomicAn economic theory that adjusts currency exchange rates so that an identical good in two different countries has the same price. PPP-adjusted figures allow more accurate cross-country comparisons.
Example: China's GDP is much larger when measured in PPP terms than at market exchange rates.
Public Debt
EconomicThe total amount of money owed by a government to creditors, usually expressed as a percentage of GDP.
Example: Japan has one of the highest public debt-to-GDP ratios at over 250%.
Related field:
Public debt
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