World Economy

EU Third in PPP

EU Third in PPPEU Third in PPP

The European Union is now third after China and the United States by the purchasing power parity GDP following Brexit, Russia’s ex-finance minister and head of the Center for Strategic Research Alexei Kudrin said, Tass reported. “Brexit changes the order of global leaders: the European Union becomes third ($16.5 trillion) by PPP GDP and leaves the second place with $19.2 trillion.” China ($19.39 trillion) and the US ($17.95 trillion) are first and second respectively, Kudrin said.