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
The World's Top 10 Economies
Investopedia - 2/24/2015 9:22:32 PM
... its GDP in terms of purchasing-power-parity is $3.62 trillion. Germany’s GDP (PPP) per capita is $44,741, and the economy has moved at a moderate pace of 1-2 percent in recent years. France, the most visited country in the world is the fifth largest ...
Malawi: World Bank Disowns Report On Malawis Global Poverty Position
AllAfrica - 2/24/2015 11:52:51 PM
The World Bank has distanced itself from the recent report which ranked Malawi as the poorest country in the world ... press reports confuse GDP per capita in current USD with GDP per capita in Purchasing Power Parity (PPP) terms," observes the Bank.
World Bank denies report on Malawi's global poverty position
Xinhua News Agency - 2/26/2015 2:14:50 AM
LILONGWE, Feb. 25 (Xinhua) -- The World Bank Tuesday denied having published a report which ranked Malawi as the poorest country in the world ... erroneously labeled the figures as GDP per capita (Purchasing Power Parity) when in fact they were GDP per ...
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 $17.6 trillion in 2014, just ahead ...
Badge of dishonour , World Bank Ranks Malawi poorest of the poor
The Maravi Post - 2/22/2015 3:09:41 AM
According to the Big Bank, GDP per capita denotes the purchasing power parity (PPP ... it is the World Bank speaking! So, if I may be allowed to break it down in pedestrian terms, GDP equals the wealth of a country divided equally among its population.
Comparing Economies of Key Countries Using Purchasing Power Parity
Seeking Alpha - 12/26/2006 2:53:19 AM
The following three charts present data about the top 15 countries in terms of the Purchasing Power Parity of their GDP in 2005 as estimated by the ... bodes well for world economic growth – short of a major global military shock which would put ...
UN places Malawi as impoverished nation: Minister takes a spin on poorest status
Nyasa Times - 2/26/2015 11:47:29 AM
The United Nation is still placing Malawi among the world´s most impoverished and vulnerable countries under the ... Gross Domestic Product (GDP) per capita in US$ currency with GDP per capita in Purchasing Power Parity (PPP) terms. Nankhumwa, who was ...
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 ...
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 ...
Chart: See how much (or how little) you’d earn if you did the same job in another country
Washington Post - 3/3/2015 12:03:02 PM
The scientists calculated the median hourly wages per country and occupation, controlling for purchasing-power parity to make the results comparable ... U.S. primary teachers are certainly not among the world's highest. INTERACTIVE: Compare different ...
The 5 Richest Countries in the World
The Motley Fool - 10/11/2014 3:06:57 PM
But just who is making out the best in the post-recession world? Let's take a look at the globe's five richest countries -- as ranked by the International Monetary Fund's 2014 estimates for GDP per capita, adjusted for purchasing power parity -- and see ...
Nigeria Is The Most Stressed-out Country - Bloomberg
naij.com - 3/4/2015 6:57:02 PM
Bloomberg ranked countries based on the ... Transparency International and World Health Organization. Seven equally weighted variables were considered: homicide rates, GDP per capita on a purchasing-power-parity basis, income inequality, corruption ...
The World's Richest Countries
Forbes - 2/22/2012 11:30:45 PM
In Pictures: The World’s Richest Countries In second place on our list is the mighty minnow Luxembourg, with a per capita GDP on a purchasing-power parity basis of just over $81,000. The country of half a million people became a financial hub in the ...
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 ...