Olu, governor of Lagos, says the state's gross domestic product (GDP) based on purchasing power parity  (PP) hit $259.75 billion in 2023 -- the second highest in Africa.

Lagos State has been ranked as Africa’s second-largest city after Cairo, Egypt. This achievement comes as the state’s Gross ...

2021 cycle at the GDP level. Figure 1 shows the distribution of PPP-based global output by geographic region and World Bank’s Fiscal Year 2023 (FY23) income group against shares of the global ...

Lagos State has cemented its position as one of Africa’s economic powerhouses, with its Gross Domestic Product (GDP) hitting $259 billion based on purchasing power parity (PPP).

The World Bank uses market-based rates to determine the weights in its regional and global aggregations of real GDP, whereas the IMF and the Organization for Economic Cooperation and Development use ...

Commercial drilling began in 2019. As of January 2025, India’s GDP per capita is $2,940 (Nominal) and $11,940 (PPP). In the GDP per capita ranking for 2025, India stands at the 124th position ...

The global economy continues to shift, with some countries maintaining strong financial positions. The richest countries, ...

In a notable mention, Singapore moved up two positions to become the second richest country in the world, surpassing Macau ...

The World Bank uses market-based rates to determine the weights in its regional and global aggregations of real GDP, whereas the IMF and the Organisation for Economic Co-operation and Development use ...

They provide a measure of what an economy’s local currency can buy in another economy. PPP-based comparisons of economic output differ from market exchange rate-based comparisons as the latter do not ...

TASS/. The share of BRICS countries may exceed 50% of global GDP in terms of purchasing power parity (PPP) in the foreseeable future, Chief Executive Officer of the Russian Direct Investment Fund ...