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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (63033)4/29/2005 9:27:19 PM
From: Moominoid  Read Replies (2) of 74559
 
GDP per capita is $1100:

devdata.worldbank.org

and here is the 2003 PPP GDP per capita of $4980:

worldbank.org

Therefore the PPP exchange rate is:

RMB8.2754/4.527 per USD = 1.82

The Big Mac index no longer sounds so unreasonable!

Well we know that developing countries tend to have exchange rates below PPP...

David
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