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 Fastest-Growing Countries in the World
The Motley Fool - 11/24/2014 6:53:56 PM
China, the ... fastest-growing countries out of the world's top 80 overall economies -- or those with projected 2014 GDPs over $100 billion, as estimated by the International Monetary Fund's World Economic Outlook on a purchasing power parity basis ...
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/22/2011 11:58:53 AM
A nation's GDP at purchasing power parity (PPP) exchange rates is the sum ... 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 ...
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 ...
Where India’s economy is placed in the world
Market Realist - 11/25/2014 11:43:15 AM
In terms of purchasing power parity (or PPP), India’s GDP is the third largest in the world. It’s GDP was $6.776 trillion ... The rate is at par with the purchasing power of the currencies for the countries under analysis. Using the PPP method ...
Brics GDP bigger than G7 in purchasing power: Putin
BRICS Post - 11/14/2014 10:30:24 AM
In Vladivostok on Friday, Putin said the GDP of the BRICS countries calculated at the purchasing power parity is greater than that of the ... Both Russia and China have stressed that the world financial system is still dominated by the US dollar and ...
India lags far behind China, US in R&D expenditure: Vardhan
Economic Times - 11/27/2014 6:36:04 PM
Science and Technology Minister Harsh Vardhan said the US and South Korea had invested 2.76 per cent and 4.04 per cent of their GDP, respectively on research and development (R&D) in 2011-12. In terms of Purchasing Power Parity, Indian investment in ...
The 10 Richest Asian Countries in the World in 2014
INSIDER MONKEY - 11/20/2014 10:47:45 PM
Wondering which are the richest Asian countries in the ... collections of wealth in the world. The Asian continent is currently one of the largest regions in terms of both Gross Domestic Product (GPD) and Purchasing Power Parity (PPP).
India lags far behind China, US in R&D expenditure: Harsh Vardhan
Zee News - 11/27/2014 6:50:23 PM
To further boost scientific research, government aims to invest 2 per cent of its GDP on ... than countries such as Brazil, Canada and Sweden which spent 27.4, 24.7 and 13.4 US billion dollar, respectively. In terms of Purchasing Power Parity, Indian ...
The Express Tribune - 11/26/2014 6:22:56 PM
The countries of Saarc are home to a quarter of the world’s population and account for six per cent of global GDP when viewed as purchasing power parity and this is one of the least integrated regions in the world. There is nothing to disagree with in ...
GDP Counts in War and Peace
bloombergview.com - 11/19/2014 3:17:57 PM
many people complained that total GDP is irrelevant. But the fact that the world’s largest economy (in purchasing-power parity terms) is, for the first time in centuries, no longer one of the world’s most liberal countries should not be taken lightly.
Accurate figures on the UK’s wealth
theguardian.com - 11/26/2014 2:26:42 PM
To put the UK’s relative wealth in a better perspective, you should consider GDP (PPP) – purchasing power parity ... to match world-class standards of affluence, fairness, health, education, social services etc), most of those countries listed ...
Comparing Economies of Key Countries Using Purchasing Power Parity
Seeking Alpha - 12/26/2006 2:53:19 AM
It is useful to have a ready yardstick for comparing ... countries when making international or country specific investment decisions. The following three charts present data about the top 15 countries in terms of the Purchasing Power Parity of their GDP ...
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 ...
China Overtakes US as World's Largest Economy in Purchasing Power
International Business Times - 10/9/2014 12:39:00 PM
China has finally surpassed the United States to become the world's largest economy, according to International Monetary Fund figures, which are based on GDP measured according to Purchasing Power Parity (PPP). With $17.6 trillion, China has surpassed the ...
Gross world product reaches $87 trillion, and it’s increasing
BusinessMirror. - 11/14/2014 10:59:02 AM
This metric…is called the purchasing-power parity exchange rate.” GDP is the most widely applicable metric ... with much of that expansion happening in developing countries. As the world’s population continues to grow, there is legitimate concern ...