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
Top 10 Nations with the Biggest Labour Force
jobs.siliconindia.com - 6/18/2013 5:12:23 PM
Unsurprisingly, China, the world’s second largest economy by purchasing power parity and by nominal GDP, occupies the top slot on the list of countries with the largest labour force. With a labour force of approximately 79.54 crore, China, the world’s ...
Why OECD saying India is the third largest economy means much less
articles.economictimes.indiatimes.com - 5/31/2013 5:12:16 PM
PPP, or purchasing power parity, is an imaginary concept ... and that too it is mostly whether sustained high GDP growth is occurring and will continue in the future. Third, the world takes those countries seriously that are making a sincere ...
American Samoa GDP to be included in World Bank report
rnzi.com - 6/17/2013 10:21:23 PM
Data about American Samoa’s gross domestic product and purchasing ... countries’ gross domestic product and estimate countries purchasing power parity. Mr Lafaele says under the programme the territory will be able to measure the relative social and ...
HELPFUL HINTS FOR THE END OF THE WORLD
American Reporter - 6/18/2013 4:04:59 AM
Using a formula that measures economies in terms of real goods and services called purchasing power parity, or PPP, the most recent version of the IMF's World Economic Outlook forecast ... Unlike other countries that saw a rapid expansion in trade and ...
India probably world's 3rd largest economy: OECD
Times of India - 5/30/2013 12:16:58 AM
"China will likely pass the US as the world's largest economy in the next ... at present," the Paris-based think tank said in its economic outlook. This is based on purchasing power parity terms. In nominal GDP terms, India ranks as the third ...
World Bank Expects Muted Global Growth, Led By Developing World
The World Bank Group - 6/12/2013 10:34:28 PM
Developing-country GDP is now projected to be around 5.1 percent ... and political unrest.  Using 2005 purchasing power parity weights, global growth would be 3.1, 3.8 and 4.1 percent in 2013. 2014 and 2015, respectively.
Countries with the most vacation days
Detroit Free Press - 6/8/2013 11:00:41 PM
The United States is the only developed country in the world without a single legally ... IMF figures, most for 2012, on real GDP growth, GDP per capita (adjusted for purchasing power parity), and both debt and government spending as a ...
What If Asian-Americans Formed Their Own Country?
International Business Times - 6/17/2013 12:55:53 PM
Almost three-fifths (58 percent) of Asianans own ... people of Asiana are also quite a happy lot.”They are more satisfied than [Americans as a whole] with their lives, finances… and they place more value than… Americans do on marriage, parenthood ...
India Population to Pass China, but GDP Another Matter
24/7 Wall St. - 6/14/2013 10:29:07 AM
A great deal was made of the fact that the population of India will surpass that of China relatively soon, according to a revised version of the UN “World Population Prospects: The 2012 Revision.” The news may be bad for India, because of ...
US Solar To Hit Grid Parity 2014–2017 (+ More Solar PV Charts, Sort Of…)
CleanTechnica - 6/18/2013 12:04:35 PM
As a sample of that, here’s a sample chart of the 2011 German solar PV market segment split (residential vs commercial/industrial vs utility-scale solar): And here’s one of the off-grid versus on-grid solar power split in Spain 2005–2011 ...
On holiday: Countries with the most vacation days
USA Today - 6/7/2013 11:59:08 PM
(Photo: Veronica Stoddart, USA TODAY) The United States is the only developed country in the world without a single ... IMF figures, most for 2012, on real GDP growth, GDP per capita (adjusted for purchasing power parity), and both debt and ...
BJP on GDP: UPA has converted 'full glass of milk' into half
Daily News and Analysis - 6/8/2013 5:31:24 PM
... of India is the tenth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. On a per-capita-income basis, India ranked 141st by nominal GDP and ...
Can investors access Africa’s growth simply by investing in its stock markets?
howwemadeitinafrica.com - 5/2/2013 11:58:53 PM
“While Africa represents only 4% of global GDP on a purchasing power parity basis, its rate of change and the ... There are 22 African exchanges spanning the continent of 54 different countries, but only 17 exchanges are operational.
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 ...
Sharia Industry Contribution to Global Economy at 4%
en.indonesiafinancetoday.com - 6/17/2013 10:21:23 PM
is expected to reach four percent of global economy in a near future. Sheikh Abdulla Saoud Al-Thani, Qatar Central Bank Governor and the Chairman of Islamic Financial Services Board (IFSB), said that sharia financial institutes in 75 countries currently ...