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 $44,741, and the economy has moved at a moderate pace of 1-2 percent in recent years. France, the most visited country in the world is the fifth largest ...
UN places Malawi as impoverished nation: Minister takes a spin on poorest status
Nyasa Times - 2/27/2015 5:05:26 AM
The United Nation is still placing Malawi among the world´s most impoverished and vulnerable countries under the ... Gross Domestic Product (GDP) per capita in US$ currency with GDP per capita in Purchasing Power Parity (PPP) terms. Nankhumwa, who was ...
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.
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.
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 ...
Bangladesh 23rd economy by 2050
en.prothom-alo.com - 2/17/2015 4:15:52 PM
Bangladesh is going to emerge as the ... terms of purchasing power parity (PPP) by 2050. The UK-based PricewaterhouseCoopers (PwC) made the projection in its latest report on global economy. Currently, Bangladesh's gross domestic product (GDP) is the ...
Amidst Economic Struggles, Argentina Remains an Important Digital Market
eMarketer - 2/26/2015 5:06:38 AM
the country remains relevant in Latin America. It is the third-largest economy in Latin America by GDP, with $771 billion at purchasing power parity (PPP), according to 2013 estimates by the CIA World Factbook, and the fourth-biggest regional market by ...
Study: Egypt to be among 32 largest economies
egyptindependent.com - 2/23/2015 11:08:06 AM
The February 2015 report, "The World in 2050: Will the shift in global ... and institutional reforms,” the report said. The 32 countries ranked, based on GDP in terms of purchasing power parity, in 2014 are China, United States, India, Japan, Germany ...
Nations rise with investment in education
Punch - 2/27/2015 1:09:13 AM
The ever-continuing expansion of China’s industry and its commitment to educating its citizens through schools and universities will mean the giant Asian nation will be the world’s ... ranks each country by purchasing power parity, or PPP, and sees ...
Turnquest Fears For The Country’S Future Economy
Tribune242 - 2/16/2015 11:55:11 PM
FREE National Movement Deputy Leader Peter Turnquest said he was “very concerned” about the country’s economic future ... the Bahamian economic share of the world’s total GDP, adjusted for purchasing power parity, was 0.01 per cent in 2009 and ...
Tomorrow’s world: seven development megatrends challenging NGOs
theguardian.com - 2/26/2015 10:35:54 AM
In 2012, the Brics countries of Brazil, Russia, India, China and South Africa were reported as being responsible for more than 25% of the world’s GDP based on purchasing power parity and home to 40% of the global population. The axis of the world’s ...
Storming ahead, lagging behind: Nigeria and South Africa in the future?
Engineering News - 2/26/2015 9:55:57 PM
To be precise, it would hold ninth place, with a forecast purchasing power parity (PPP) gross domestic product (GDP ... But other countries are going to shoot past South Africa. The PwC list covers the 32 biggest economies in the world.
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 ...
Power utilities should be freed from political interference: World Bank
Daily News and Analysis - 2/26/2015 4:09:22 AM
The Challenge of Distribution' -- a review of the country's power sector across key areas of access, utility performance and financial sustainability -- was conducted at the request of the Union Government, Economic Advisor, World Bank and author of the ...