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
Why OECD saying India is the third largest economy means much less
articles.economictimes.indiatimes.com - 5/31/2013 5:12:16 PM
Then simply drag the cells down, assumptions and all. And presto, you get a QDE - or quick and dirty estimate - of a country's economy for however long. Such an exercise shows that by 2060, the Indian economy would be even larger than that of ...
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 ...
US Solar To Hit Grid Parity 2014–2017 (+ More Solar PV Charts, Sort Of…)
CleanTechnica - 6/18/2013 12:04:35 PM
Following my article on a GBI Research report about the Global Energy ... versus on-grid solar power split in Spain 2005–2011: Yes, I’d also love to see the projections for such splits, as well as all the other country data and charts ...
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 ...
EUROSTAT - European Union Statistical Office : GDP per capita in the Member States ranged from 47% to 271% of the EU27 average in 2012
4-traders - 6/19/2013 8:50:07 AM
Austria, Ireland, the Netherlands and Sweden were around 30% above ... irrespective of whether these goods and services are purchased and paid for by households, by government, or by non-profit organisations. In international volume comparisons of ...
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
24/7 Wall St. - 6/6/2013 10:02:48 AM
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 percentage of ...
What If Asian-Americans Formed Their Own Country?
International Business Times - 6/17/2013 12:55:53 PM
Now, imagine -- hypothetically, of course -- if Asian-Americans formed their own separate country. Let's call this mythical land “Asiana.” Asiana would have a population of a little more than 18 million (about the size of Romania), having surged by ...
India Population to Pass China, but GDP Another Matter
24/7 Wall St. - 6/14/2013 9:46:10 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 ...
On holiday: Countries with the most vacation days
USA Today - 6/7/2013 11:59:08 PM
To make matters worse, "workers who have vacation and paid holidays also tend to have much higher levels of other benefits ... had a lower unemployment rate than any other country in the eurozone. Possibly helping to keep unemployment so low ...
BJP on GDP: UPA has converted 'full glass of milk' into half
Daily News and Analysis - 6/8/2013 5:31:24 PM
The economy 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 ...
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 ...