Those values are based on Purchasing Power Parity (PPP). They're adjusted to the purchasing power in the currency's country, meaning half the world earns an amount in local currency that would buy them less than $2.50 would in average America. I know it blows your mind, but it's true. 80% of the world can't afford two cups of coffee and a pack of cigarettes per day.
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Those values are based on Purchasing Power Parity (PPP). They're adjusted to the purchasing power in the currency's country, meaning half the world earns an amount in local currency that would buy them less than $2.50 would in average America. I know it blows your mind, but it's true. 80% of the world can't afford two cups of coffee and a pack of cigarettes per day.