Korea's per capita GDP in terms of purchasing power parity, or PPP, is expected to surpass Japan's in the year 2023.
Korea's per capita GDP in terms of purchasing power parity, or PPP, is expected to surpass Japan's in the year 2023. PPP measures economic variables in different countries in such a way that exchange rate variations do not distort comparisons.
According to the IMF, Korea's per capita GDP in terms of PPP was $37,542, good for 32nd out of 194 countries. Japan was one notch higher in 31st place at $39,795. The IMF expects South Korea to come from behind and have a $109 lead over Japan within the next four years.
According to the IMF, Korea's per capita GDP in terms of PPP was $37,542, good for 32nd out of 194 countries. Japan was one notch higher in 31st place at $39,795. The IMF expects South Korea to come from behind and have a $109 lead over Japan within the next four years.
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