Definition: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: GDP (purchasing power parity) map
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/22/2011 11:15:56 AM
This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity ... many countries do not formally participate in the World Bank's PPP project ...
Dawn - 12/5/2016 6:37:07 AM
THE economy of India is the seventh-largest in the world measured by nominal GDP ... terms of purchasing power parity. According to Global Wealth Report 2016 compiled by Credit Suisse Research Institute, India is the second most unequal country in the ...
RANKED: The 25 richest countries [By GDP based on purchasing-power-parity per capita]
freerepublic.com - 3/31/2016 7:50:31 AM
Based on data from the World Bank and the International Monetary Fund, the magazine ranked the world's countries according to their gross domestic product based on purchasing-power-parity per capita ... ranking at No. 27 with a GDP per capita of $39,224 ...
The world’s top economy: the US vs China in five charts
weforum.org - 12/5/2016 10:19:02 AM
Both the IMF and the World Bank now rate China as the world’s largest economy based on Purchasing Power Parity (PPP), a measure that adjusts countries’ GDPs for differences ... than it would in the US, China’s GDP is adjusted upwards.
How does purchasing power parity affect the GDP of a country?
www.quora.com - 2/6/2015 11:59:53 PM
Purchasing power parity, or PPP, does not change the GDP of ... The Penn World Trade is a widely cited source of PPP adjustments, and the so-called Penn Effect reflects such a systematic bias in using exchange rates to outputs among countries.
Is Iceland now the most expensive country in the world?
icelandmonitor.mbl.is - 12/5/2016 1:32:18 PM
Data from the International Monetary Fund (IMF) for 2015 showed that Switzerland was the most expensive country in the world, basis on nominal GDP corrected for purchasing power parity (PPP), with Iceland not far behind. Since then, Iceland’s national ...
Mumbai not the economic capital of India? Think again
Hindustan Times - 11/30/2016 1:02:26 PM
Delhi dislodged Mumbai as the country’s economic capital based ... Delhi ranked 30th and Mumbai 31st in a list of top 50 world cities ranked by their GDP. Delhi’s GDP in terms of purchasing power parity last year was USD 368 billion; Mumbai’s USD ...
What are the nations with the highest PPP (purchasing power parity) with respect to the US?
Investopedia - 3/12/2015 1:18:16 PM
It is one of the best indicators in valuing a country's economy. GDP can be calculated in market exchange terms and in purchasing power parity (PPP ... Fund (IMF), China has overtaken the U.S. as the world's largest economy based on purchasing power ...
Comparing Economies of Key Countries Using Purchasing Power Parity
Seeking Alpha - 12/26/2006 2:53:19 AM
The following three charts present data about the top 15 countries in terms of the Purchasing Power Parity of their GDP in 2005 as estimated by the ... bodes well for world economic growth – short of a major global military shock which would put ...
The U.S. Economic Power
paradigmsanddemographics.blogspot.com - 12/5/2016 6:01:20 AM
A second is adjusting the GDP numbers to take into account purchasing power parity (PPP ... formula developed by Hubbard and Kane and data from the World Bank, I calculated the index of each country of the world. The table below shows the indexes for ...
Countries with the largest gross domestic product at purchasing power parity 2016
www.statista.com - 12/1/2016 3:57:13 AM
Gross domestic product (GDP) in Asia Pacific in 2015, by country Gross domestic product (GDP ... in Albania 2020* Share of Turkey in the global GDP adjusted for purchasing power parity 2020 Share of Turkey in the global GDP adjusted for purchasing power ...
The Richest Countries in the World
mapsofworld.com - 10/24/2016 11:54:46 PM
This map shows the top ten richest countries in the world calculated as per their Gross Domestic Product (GDP) divided by the mid-year or average population of each country in that year, to arrive at the GDP at Purchasing Power Parity per capita (PPP ...
China Is Now the World's Largest Economy Based on Purchasing Power Parity, Says the IMF
The Christian Post - 10/9/2014 2:23:23 AM
After years of the United States wearing the coveted crown China is now ranked the world's largest economy based on purchasing power parity ... many countries around the world," it continued. The new figures show China's economy with a total GDP of ...
Uniting for an Asian Century
The Daily Star - 11/23/2016 7:15:49 PM
The region now produces about 40 percent of the world's GDP, measured according to purchasing power parity. During the recent economic ... in terms of global strategic influence, while Asian countries are facing major political, economic, and security ...
Top 10 Richest Countries In The World By 2015 GDP
scoopify.org - 3/29/2016 11:59:15 PM
This is a list of 10 richest countries in the world by gross domestic product. The list demonstrates the purchasing power parity (PPP) value of final goods ... Hong Kong’s per capita GDP is $56,428.07. According to the Index of Economic Freedom, Hong ...