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, 2012See also: GDP (purchasing power parity) map
GDP Purchasing Power Parity 2014
Pakistan Defence - 4/19/2015 7:18:14 AM
There are many ways to calculate PPP. It's too subjective. So it's unreliable. Just like the Vedic Indian GDP calculation. Click to expand... I am polite because you are a lady. My suggestion don't poke your nose in something you don't understand.
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/22/2011 11:58:53 AM
A nation's GDP at purchasing power parity (PPP) exchange rates is the sum ... 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 ...
India among unhappiest countries in the world, according to Happiness Report
Live Mint - 4/24/2015 2:57:35 PM
People from countries as diverse as Bhutan and Pakistan are much happier than Indians, according to the World Happiness Report 2015 released ... household incomes (measured in terms of purchasing power parity) have by far the largest differences among ...
China Is Now the World's Largest Economy Based on Purchasing Power Parity, Says the IMF
The Christian Post - 10/9/2014 7:27:01 PM
According the IMF, the purchasing power parity measure is a type of cross-country comparison that ... form in many countries around the world," it continued. The new figures show China's economy with a total GDP of $17.6 trillion in 2014, just ahead ...
Countries That Hate America the Most
24/7 Wall ST - 4/21/2015 8:41:46 AM
IMF figures on GDP per capita are given at purchasing power parity in order to show real differences in wealth. Data on life expectancy is provided by The World Bank. These are the countries that hate America most.
Countries with the highest GDP (purchasing power parity)
Mongabay - 1/24/2010 11:57:35 PM
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 ...
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 ...
India overtakes Japan to become third-largest economy in purchasing power parity
The Economic Times - 4/19/2012 7:06:53 AM
Data just released by the International Monetary Fund (IMF) shows that India's gross domestic product in purchasing power parity ... India's share in world GDP in terms of PPP, a measure of relative consumer prices across countries, stood at 5.65% in ...
Minimum Wage And Purchasing Power Parity: Only Nine Countries Have A Higher Minimum Wage Than The US’ [Infographic]
International Business Times - 9/3/2013 3:26:45 PM
Australia might have the highest hourly minimum wage in the world ... buying power, or Purchasing Power Parity (PPP), that $16 is worth only about $9.77 -- which is still quite a bit higher than the U.S. hourly minimum wage of $7.25. The country with ...
Will China remake the global financial system: Olive
The Star - 4/23/2015 11:55:39 PM
The world economic order is poised to change ... economy already the size of America’s when measured by purchasing power parity. (They each account for about 16 per cent of global GDP.) Yet China, with its 1.3 billion souls, remains a land of immense ...
Cost of living: South Africa vs the world
businesstech.co.za - 4/20/2015 10:16:00 AM
While South Africans often complain about the rising cost of living in the country, it remains one of the most affordable countries in the world. This is according ... is based on the theory of purchasing-power parity (PPP). This is the notion that ...
Future Growth Of India And China To Be Tuned By Japan – Analysis
Eurasia Review - 4/23/2015 6:19:12 PM
In its “World 2050” research report, PricewaterhouseCoopers (PwC) suggested that “… in purchasing power parity (PPP) terms … India ... PwC further projected that 9 out of 20 biggest GDP countries would be in Asia — China 1st , India 3rd ...
World's 10 biggest economies, India at No 3
Rediff India Abroad - 8/12/2013 11:59:37 PM
Photographs: Carlos Barria/Reuters Germany has sixth-largest economy by purchasing power parity. Besides being ... United Kingdom is a developed country and has the world's sixth-largest economy by nominal GDP. The service sector contributes to 73 per ...
Australia Named as Most Expensive Country to Live and Work
Australia Forum - 4/20/2015 5:04:01 PM
For the fourth year in a row, Australia has ranked as the world ... parity (PPP) index, meaning that one US dollar has the same purchasing power as $1.12 Australian dollars. New Zealand and the United Kingdom rated the second and third most expensive ...
Indian likely to get VP's post in China floated AIIB
Economic Times - 4/22/2015 1:34:04 PM
Chances of India getting the Vice President's post are high as the vote share is expected to be based on 50 per cent Gross Domestic Product ( GDP) and 50 per cent Purchasing Power Parity ... World Bank and ADB but will avoid domination of few countries ...