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 5:26:30 PM
Compiled from data from the International Monetary Fund's 2013 estimates, here are the richest five nations among the world's 50 largest economies, sorted by GDP per capita and adjusted for purchasing-power parity. While at least one expected ...
10 Countries Where People Fear For Their Safety: 24/7 Wall St.
The Huffington Post - 5/19/2013 9:29:52 PM
But in 31 countries, less than half the population felt this way ... By comparison, among developed countries at least 53% trust the government. Some of the nations where residents do not feel safe are among the world’s poorest, including ...
UAE economy doing fine
Gulf News - 5/18/2013 8:45:08 AM
However, Egypt ... s travel and tourism sector amounts to a staggering $50 billion; this is a robust figure by virtue of compromising around 14 per cent of the country’s GDP at the moment. Emirates alone posted net profit of $622 million in 2012, up ...
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 ... For the last few years, a central thesis of mine has been that, because of China’s ascent, this decade could see the world growing by just over 4pc. Such a figure confounds not only ...
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 ... which have been helping to power Wall Street to all ...
4 Countries Where U.S. Dollars Go the Farthest
The Motley Fool - 5/19/2013 12:40:10 PM
Many travelers are familiar with currency exchange rates and how that translates from dollar to yen, euro, or peso. But there's another metric that puts the relative strength of the dollar in perspective: purchasing-power parity. In the ...
Singapore Dollar Drops, Watch For The Rebound
Seeking Alpha - 5/20/2013 5:10:59 PM
There is an exception: Singapore. For Singapore, even uncovered interest rate policy tends to hold. My explanation is that interest rates are not set by the central bank, thus the interest rates are set based on global rates plus expectations for exchange ...
Qatar National Bank gets nod for India subsidiary
Economic Times - 5/21/2013 4:52:30 AM
India will mandate that all firms offering internet telephony ... Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary phase. It all boils down to ...
Problems with figuring poor countries’ GDP cloud judgments about which policies work
Japan Times - 5/11/2013 3:05:39 PM
Other ways to measure overall living standards in a country are similarly imperfect; but they nonetheless provide additional ways to understand poverty. One, called the Human Development Index, uses health and education statistics in addition to ...
Accurate GDP estimates mean we can help poor countries better
Lebanon Daily Star - 5/13/2013 9:29:50 PM
The challenges of calculating GDP are particularly acute in sub-Saharan Africa ... It,” makes a strong case that a lot of GDP measurements that we thought were accurate are far from it. Jerven notes many African countries have trouble measuring the ...
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
In depth analysis of solar PV power market in Germany, the UK, Italy, France, Spain, Belgium, India, China, Japan, Australia, the US, Canada, Brazil, Mexico, South Africa and Israel The global commercial aircraft sector is expected to experience a slow and ...
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 ...
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 Dexter White, and the Making of a New World Order." Paul Volcker has ...
Eurozone Economy Faces Risk Of Further Contraction In Q2: IHS Global Insight
RTT News - 5/16/2013 6:02:51 AM
The economist noted that restrictive fiscal policy in many countries ... global growth continue to hamper economic activity in the currency bloc. However, the economy is poised to get some relief from the recent lift to consumers' purchasing power coming ...
eCommerce Reinvented for Today's Global Economy
The Miami Herald - 5/20/2013 11:48:52 AM
SnapConsole provides an even easier access to BlueSnap’s powerful eCommerce capabilities that give ... s innovative and powerful BuyNow capability solutions anywhere onto their web sites supporting any merchant buying model.