How bad did it get in Venezuela? In 2013 they had a GDP of 555 billion. By 2019 it had fallen to 202 billion. In the mean time, the percentage of Venezuelans living in absolute poverty became the highest in the western hemisphere, surpassing even Haiti. Oof.
PPP is much more useful than nominal GDP, what matters IS the goods, not the prices. Your own argument contradicts your own conclusion.
Who cares about how much you paid for a burger, you care about eating a burger.
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