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
Dawn - 9/28/2015 1:57:15 AM
The World Bank reports that Asia’s seventh-biggest economy falls in upper-middle-income group. When measured by purchasing power parity, per capita comes to ... with over 80pc of the country’s 7.3m poor living in rural areas as of 2013.
Africa: The Richest Countries in the World
AllAfrica - 9/24/2015 7:16:58 AM
Moreover, Global Finance states that using a PPP (purchasing power parity) basis is arguably more ... To measure the real size of the world's economy and to compare costs of living across countries, we need to adjust for differences in purchasing power.
Zambia Not Among Africa’s 19 Poorest Countries
Zambia Reports - 9/20/2015 11:56:43 PM
the magazine ranked the world’s countries according to their GDP per capita and determined the poorest and richest ones. The analysis also used a Purchasing Power Parity (PPP) basis, which takes into account the living cost and inflation rates ...
The sticky superpower
The Economist online - 10/3/2015 11:09:40 AM
No doubt he will enjoy the trout streams, but like many Chinese tycoons he may also want a bolthole in a country ... of world GDP, America and China (including Hong Kong) are neck and neck at 16% and 17% respectively, measured at purchasing-power parity.
The Reality Behind the Numbers in the China Boom-Bust Economy
Value Walk - 10/1/2015 11:12:03 AM
Last year, the world was stunned by an IMF report which found the Chinese economy larger and more productive than that of the United States, both in terms of raw GDP and purchasing power parity (PPP ... quality of life in a country.
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 in terms of the Purchasing Power Parity of their GDP in 2005 as estimated by the United States Central Intelligence Agency. Purchasing Power Parity [PPP] essentially adjusts the size of ...
Could gender equality boost global GDP by trillions?
CNBC - 9/24/2015 3:59:31 PM
While women make up half of the world's working-age population, females only deliver around 37 percent of the world's current GDP and make up 40 percent of its workforce overall, MGI's "Power ... urged countries towards achieving gender parity ...
Cong. says PM got it wrong on GDP
The Hindu - 9/29/2015 9:30:02 PM
On Purchasing Power Parity (PPP) basis, according to the latest available data — from the 2011 International Comparison Program in which the World ... countries by factoring in the differences in price levels and the exchange rates. On per capita GDP ...
Mending gender gap could add 60% to GDP by 2025: Report
Financial Express - 9/25/2015 3:55:21 AM
... home to 93 per cent of the world’s women and 97 per cent of the world’s GDP. Globally, the report said “if all countries were to match the progress toward gender parity of the country in their region with the most rapid improvement on gender ...
Minimum Wage And Purchasing Power Parity: Only Nine Countries Have A Higher Minimum Wage Than The US’ [Infographic]
International Business Times - 9/3/2013 3:26:45 PM
Australia might have the highest hourly minimum wage in the world ... buying power, or Purchasing Power Parity (PPP), that $16 is worth only about $9.77 -- which is still quite a bit higher than the U.S. hourly minimum wage of $7.25. The country with ...
The Power of Gender Parity
The Huffington Post - 9/24/2015 9:25:49 AM
It measures the distance from gender parity of 95 countries that are home to 93 percent of the world's female population and generate 97 percent of global GDP. Forty of the 95 ... They are coauthors of a new report, The power of parity: How advancing ...
GDP Purchasing Power Parity 2014
Pakistan Defence - 4/18/2015 11:54:25 PM
As per the report, Indian economy will reach $85.97 trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $80.02 trillion during the same period. The US — currently the world ... size of a country will be the final ...
Women’s Equality Could Add $12 Trillion to World Economy
24/7 Wall ST - 9/24/2015 6:34:01 AM
If women — who account for half the world’s working-age population — do not achieve their full economic potential, the global economy will suffer. While all types of inequality have economic consequences. The power of parity: How advancing women’s ...
Bridging gender equality can boost India's GDP by up to 60%: Mckinsey report
Daily News and Analysis - 9/25/2015 8:41:41 AM
The study - The Power of Parity: How equality for women could drive $ ... they can add 11% to the world's 2025 GDP. Women of the 95 countries considered for the study generate 37% of the global GDP currently, despite accounting for 50% of the global ...
Mending gender gap could add 60% to India's GDP by 2025: McKinsey report
Economic Times - 9/24/2015 5:18:16 PM
... home to 93 per cent of the world's women and 97 per cent of the world's GDP. Globally, the report said "if all countries were to match the progress toward gender parity of the country in their region with the most rapid improvement on gender ...