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 ...
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 ...
Countries with the largest gross domestic product at purchasing power parity 2016
www.statista.com - 9/28/2016 7:43:27 AM
Forecast on gross domestic product (GDP) growth in selected countries until 2015 Forecast on gross domestic product (GDP) growth in selected countries until 2015 Quarterly growth of gross domestic product (GDP) in France 1st quarter 2016 Quarterly growth ...
What is the relationship between nominal GDP and PPP (purchasing power parity)?
Investopedia - 5/4/2015 1:19:50 PM
Purchasing power parity ... GDP cannot be reasonably compared across time; real GDP would be better. It also doesn't make sense to compare the nominal GDP of different countries. After all, populations and costs of living are not consistent around the world.
BRUNEI DARUSSALAM GDP BASED ON PURCHASING POWER PARITY (PPP) VALUATION OF COUNTRY GDP
tradingeconomics.com - 9/25/2016 3:46:37 PM
IN 2015, BRUNEI DARUSSALAM'S GDP BASED ON PURCHASING POWER PARITY (PPP) VALUATION OF COUNTRY GDP IS EXPECTED TO BE 23.27 BILLIONS U.S. DOLLARS. IN 2009, BRUNEI DARUSSALAM'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.03 ...
China Just Overtook The US As The World's Largest Economy
The Business Insider - 10/8/2014 5:02:03 AM
China just overtook the US to become the world's largest economy, according to ... the method used by the IMF adjusts for purchasing power parity, explained here. The simple logic is that prices aren't the same in each country: A shirt will cost you ...
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 (PPP ... India's share in world GDP in terms of PPP, a measure of relative consumer prices across countries, stood at 5.65% ...
Here’s how India became more competitive than China
medium.com - 9/30/2016 7:41:05 AM
India’s GDP per capita (in terms of purchasing power parity) almost doubled between ... with India ranking only 106th in the world; and while India almost halved infant mortality, other countries did even better, so it drops nine places this year to ...
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 ...
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.
Why Ivories’ Cote d’ economy is the leading economy in Africa 2016
naija247news.com - 9/29/2016 3:27:33 PM
The French speaking country gained its independent in ... Côte d’Ivoire ranks 161st amongst the world’s nations in terms of purchasing power parity-adjusted GDP per capital but currently the population of Côte d’Ivoire is 23,374,740 ...
Goodbye To The World Of The Single Superpower
Counter Currents - 9/23/2016 4:21:47 AM
Worth noting that on a Purchasing Power Parity basis, China is already the world’s largest economy. Also on the dollar front — or rather omission thereof — Russia and Iran announced last week that trade between the two countries will henceforth not ...
Everything You Need To Know About The Richest Countries In The World
answersafrica.com - 11/25/2015 11:57:11 PM
While the richest country in the world by nominal GDP per capita is Luxembourg, Qatar is the richest Purchasing Power Parity, per capita. According to IMF, these are the top richest countries by GDP (PPP) per capita: Hong Kong is one of the business ...
GDP Growth By Country
worldatlas.com - 9/18/2016 11:54:31 PM
The top countries with the highest ... of current GDP, the rankings are more or less what is expected. The United States is in the lead, followed by China, Japan, Germany, and the United Kingdom. When ranking GDP based on purchasing power parity, the ...
Solar power illustrates China's manufacturing future
China - 9/29/2016 1:37:11 AM
In 1950, only 10 countries ... China's per capita GDP was still only 14 percent of the U.S. figure at current exchange rates and, more significantly for long term development, only 25 percent of the U.S. when using the purchasing power parity (PPP ...