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
3 African Countries Among World’s Most Powerful Economies By 2050, Says PwC
AFKinside - 2/19/2017 12:56:27 AM
The world economy could more than double in size ... How Will The Global Economic Order Change By 2050,” ranked 32 countries by their projected global GDP by purchasing power parity. Purchasing power parity is the notion that, in the long run, exchange ...
Bangladesh may be world’s 23rd largest economy by 2050
daily-sun.com - 2/18/2017 2:30:42 AM
The PwC report looks at which economies around the world will be the biggest and most powerful in 33 years’ time. The report ranked 32 countries by their projected GDP by purchasing power parity (PPP), which is used by macroeconomists to determine the ...
Nigeria To Become 14th Most Powerful Economy in the World By 2050
howng.com - 2/17/2017 4:15:05 PM
PricewaterhouseCoopers, one of the world’s largest professional ... economic order change by 2050?” ranked the countries by their projected global gross domestic product at purchasing power parity (GDP at PPP). GDP at PPP adjusts for price level ...
Indian economy projected to overtake US by 2040 in purchasing power parity terms: PwC report
Times of India - 2/7/2017 10:53:29 PM
NEW DELHI: The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms ...
World economic outlook database april 2010
handyrecovery.in - 2/18/2017 1:19:07 AM
Country weights calculated as nominal GDP valued at purchasing-power-parity (PPP) exchange rates as a share of total world GDP are updated to reflect revisions to countriesâ GDP data. • Data for Kosovo are now included for GDP, consumer prices ...
Deagel Forecast Predicts 81% US Population Reduction By 2025
chemtrailsplanet.net - 2/22/2017 8:55:29 PM
The forecasts for population growth or decline, military expenditures and Purchasing Power Parity in all of the world’s countries have fluctuated somewhat ... A year ago, Brazil’s GDP was predicted to take a distant second place to China’s in ...
What are the nations with the highest PPP (purchasing power parity) with respect to the US?
Investopedia - 3/12/2015 1:18:16 PM
It is one of the best indicators in valuing a country's economy. GDP can be calculated in market exchange terms and in purchasing power parity (PPP ... Fund (IMF), China has overtaken the U.S. as the world's largest economy based on purchasing power ...
Why China lags far behind Hong Kong in economic freedom
ejinsight.com - 2/24/2017 3:13:41 AM
Hong Kong has kept its status as “the freest economy in the world” for the 23rd consecutive ... importance of GDP per capita or GDP at purchasing power parity (PPP), an internationally recognized measure of a country’s true economic prosperity ...
Three African countries listed among world’s most powerful economies by 2050
Medafrica Times - 2/18/2017 9:04:24 AM
Price Waterhouse Coopers published rankings of 32 future power ... product by purchasing power parity. It determines the economic productivity and standards of living among countries across a certain period. According to the report, the world economy ...
How does purchasing power parity affect the GDP of a country?
www.quora.com - 4/5/2016 11:58:07 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.
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 ...
India’s economy is forecast to surpass that of the US by 2040
Yahoo Finance - 2/7/2017 4:26:56 PM
In a new report titled “The World in 2050,” consulting firm PwC projects that India’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the different prices levels across countries). This would ...
Iran will be one of the most powerful economies in the world by 2050
Payvand Iran News - 2/24/2017 5:18:22 PM
A report from professional services giant PricewaterhouseCoopers (PwC) looks at which economies around the world will be ... ranked 32 countries by their projected global gross domestic product by purchasing power parity. PPP is used by macroeconomists ...
Will The West Become The New ‘Third World’?
econmatters.com - 2/14/2017 2:59:54 PM
The term “First World ... in purchasing power parity, both Egypt and Pakistan will have economies more than 1/3 stronger than Canada. This seems to be incongruous. If Canada will still have the larger economy by 2050 (as measured in GDP), why will ...
PWC forecasts Pakistan to exceed Canada’s economy by 2050
SamaaNewsTV Pakistan - 2/14/2017 11:10:50 AM
The findings have been based on gross domestic product purchasing power parity (PPP). According to the measure ... Despite the Canadian economy’s diminished status, the country’s GDP will roughly double to US$3.1 trillion by 2050 from its current ...