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 5 Richest Countries in the World
The Motley Fool - 5/19/2013 4:29:14 PM
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10 Countries Where People Fear For Their Safety: 24/7 Wall St.
The Huffington Post - 5/19/2013 9:29:52 PM
Last year, more than two-thirds of all people surveyed said they felt safe walking alone at night, according to a Gallup poll conducted in 134 countries. But in 31 countries, less than half the population felt this way. In Venezuela and South ...
UAE economy doing fine
Gulf News - 5/18/2013 8:45:08 AM
The UAE economy is experiencing a golden period, an assertion supported by plenty of evidence. To begin with, the country’s gross domestic ... over the UAE of GDP on the basis of purchasing power parity reflecting local conditions. Furthermore, a newly ...
Global Power Generation Market 2012-2016
Marketwatch - 5/20/2013 2:47:50 PM
NEW YORK, May 20, 2013 /PRNewswire via COMTEX/ -- Reportlinker.com ... Table of Contents 01. Executive Summary 02. List of Abbreviations 03. Introduction 04. Market Research Methodology Market Research Process Research Design Research ...
JIM O'NEILL: I've Found Myself Asking 2 Questions About The Economy I Didn't Expect To
The Business Insider - 5/18/2013 5:42:00 PM
Jim O'Neill economist and former chairman of Goldman Sachs Asset Management That time period, which coincidentally spans my professional career, has seen the global economy increase by approximately 3.4pc per annum in purchasing power parity terms.
World stocks mixed ahead of key US economic index
Yahoo! News - 5/17/2013 8:53:28 AM
BANGKOK (AP) — World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. Investors were looking ahead to the Conference Board's ...
4 Countries Where U.S. Dollars Go the Farthest
The Motley Fool - 5/19/2013 12:40:10 PM
But there's another metric that puts the relative strength of the dollar in perspective: purchasing-power parity ... and offer four countries where the dollar offers a lot of value. Profiting from our increasingly global economy can be as ...
Problems with figuring poor countries’ GDP cloud judgments about which policies work
Japan Times - 5/11/2013 3:05:39 PM
In addition, there are several ways to calculate GDP, and they can produce wildly different results. Jerven mentions three: the World ... purchasing power parity, which measures the cost of the same basket of goods and services in different ...
Accurate GDP estimates mean we can help poor countries better
Lebanon Daily Star - 5/13/2013 9:29:50 PM
I have long believed that GDP understates growth even in rich countries, where its measurement is quite sophisticated, because it is very difficult to compare the value of baskets of goods across different time periods. In the United States, for example ...
Global Solar Photovoltaic Power Market Share, Size, Trends, Analysis And Forecast to 2020 - Market Leaders to Achieve Grid Parity due to Decreasing Module Prices
Benzinga - 5/18/2013 1:28:28 AM
GBI Research, a leading business intelligence provider, has released its latest research, “Solar Photovoltaic Power Market to 2020 Market Leaders to Achieve Grid Parity due to Decreasing Module Prices, Low Maintenance and Ease of Installation”.
Bill Gates: how GDP understates economic growth
The Guardian - 5/8/2013 10:54:30 PM
(I can speak from experience, having spent many hours poring over the multi-volume World ... using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP ...
Canadian Dollar Falls to 2-Month Low on Bets Fed to Trim Easing
Bloomberg - 5/21/2013 11:29:12 PM
Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus, known as quantitative easing. The currency declined ...
Would a New 'Bretton Woods' Save the Global Economy?
pbs.org - 5/14/2013 11:58:58 PM
Benn Steil, editor of the scholarly journal "International Finance," has written a book that ponders this and other questions: "The Battle of Bretton Woods: John Maynard Keynes, Harry ... spy. Truman did not trust Hoover, but knew he had a political ...
Eurozone Economy Faces Risk Of Further Contraction In Q2: IHS Global Insight
RTT News - 5/16/2013 6:02:51 AM
The continuing recession and the recent relapse in business confidence suggest that the Eurozone economy is in serious danger of suffering further modest contraction in the second quarter, IHS Global Insight Chief European and UK Economist Howard Archer said.
eCommerce Reinvented for Today's Global Economy
The Miami Herald - 5/20/2013 11:48:52 AM
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