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
No. 5: Switzerland, $46,474 per person Kicking off the list is Europe's second-wealthiest country, Switzerland. The Swiss economy has performed remarkably well despite its proximity to recession-battered European nations. Switzerland's GDP grew ...
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
To begin with, the country’s gross domestic product (GDP ... However, Egypt has advantage over the UAE of GDP on the basis of purchasing power parity reflecting local conditions. Furthermore, a newly-released report by the Washington-based Institute ...
WILL CHINA OVERTAKE THE U.S. AS THE TOP WORLD POWER? NOT YET
American Reporter - 5/22/2013 3:03:57 AM
If the International Monetary Fund is to be believed, China is poised to surpass the United States as the world's largest economy by 2016 ... dozens upon dozens of military outposts ringing the globe, and five decades of military actions against countries ...
Global Power Generation Market 2012-2016
Marketwatch - 5/20/2013 2:47:50 PM
NEW YORK, May 20, 2013 ... in this market space? What are the market opportunities and threats faced by key vendors? What are the strengths and weaknesses of each of these key vendors? Table of Contents 01. Executive Summary 02.
QNB Group officially welcomes Indian Republic
ameinfo.com - 5/22/2013 5:12:47 AM
Qatar National Bank (QNB Group) was established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%). QNB Group has steadily grown to be the ...
World stocks mixed ahead of key US economic index
Yahoo! News - 5/17/2013 8:53:28 AM
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 index of leading ...
4 Countries Where U.S. Dollars Go the Farthest
Daily Finance - 5/19/2013 12:47:19 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
By using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards. Yet it is clear to me that we need to devote ...
Vodafone eyes pan-India rollout of 3G network; open to buying spectrum from rivals
Economic Times - 5/22/2013 9:59:07 AM
The high current account deficit will persist as long as we live in a world of low growth — that hurts our exports — and easy global liquidity, which pumps up the oil import bill. On the strength of stylish new showroom offerings, GM, Ford and Chrysler ...
Accurate GDP estimates mean we can help poor countries better
Lebanon Daily Star - 5/13/2013 9:29:50 PM
And, by using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards. Yet it is clear to me we need to devote greater ...
Bank of Japan maintains policy, cheers Abenomics
CNN Money - 5/22/2013 4:37:00 AM
Bank of Japan chief Haruhiko Kuroda has helped institute ... Implementing the reforms in a timely manner will require close coordination with interest groups, sustained public support and deft political maneuvering by Abe's government.
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
Low Maintenance and Ease of Installation”. The report gives an in-depth analysis of solar PV power markets in four regions, Europe, the Americas, Asia-Pacific and the Middle East and Africa covering the sixteen major countries: The report covers the ...
The problem with poor countries’ GDP
The Taipei Times - 5/10/2013 3:56:57 PM
And, by using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards. Yet it is clear to me that we need to devote greater ...
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 ... 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 from the ...