> There should be a second metric, adjusted to local buying power, for countries with loads of internal resources, and production capability.
There is, it's called GDP PPP (Purchasing Power Parity). It adjusts for local prices, so countries like Russia and China rank higher than they would at a nominal level. Keep in mind though global commodities are typically priced the same (or similar) worldwide; PPP only applies to goods produced internally.
There is, it's called GDP PPP (Purchasing Power Parity). It adjusts for local prices, so countries like Russia and China rank higher than they would at a nominal level. Keep in mind though global commodities are typically priced the same (or similar) worldwide; PPP only applies to goods produced internally.