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
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/22/2011 11:15:56 AM
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 ... many countries do not formally participate in the World Bank's PPP project ...
RANKED: The 30 richest countries in the world
Business Insider - 3/6/2017 8:45:25 AM
The magazine ranked the world's countries according to their gross domestic product (GDP) based on purchasing power parity (PPP) per capita. The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living ...
RANKED: The 25 richest countries [By GDP based on purchasing-power-parity per capita]
freerepublic.com - 3/31/2016 7:50:31 AM
Based on data from the World Bank and the International Monetary Fund, the magazine ranked the world's countries according to their gross domestic product based on purchasing-power-parity per capita ... ranking at No. 27 with a GDP per capita of $39,224 ...
What are the nations with the highest PPP (purchasing power parity) with respect to the US?
Investopedia - 3/12/2015 1:18:16 PM
It is one of the best indicators in valuing a country's economy. GDP can be calculated in market exchange terms and in purchasing power parity (PPP ... Fund (IMF), China has overtaken the U.S. as the world's largest economy based on purchasing power ...
How does purchasing power parity affect the GDP of a country?
www.quora.com - 4/5/2016 11:58:07 PM
Purchasing power parity, or PPP, does not change the GDP of ... The Penn World Trade is a widely cited source of PPP adjustments, and the so-called Penn Effect reflects such a systematic bias in using exchange rates to outputs among countries.
Najib: 2017 GDP to be slightly higher than 4.2 per cent
BORNEO POST online - 3/23/2017 1:37:14 AM
Its latest assessment of Malaysia said that the country’s economy continues to perform ... predicted that Malaysia would have the 25th highest GDP in the world, measured by purchasing power parity, by 2030 – and the 24th by 2050.
Comparing Economies of Key Countries Using Purchasing Power Parity
Seeking Alpha - 12/26/2006 2:53:19 AM
The following three charts present data about the top 15 countries in terms of the Purchasing Power Parity of their GDP in 2005 as estimated by the ... bodes well for world economic growth – short of a major global military shock which would put ...
Countries with the largest gross domestic product at purchasing power parity 2016
www.statista.com - 3/21/2017 1:42:36 PM
The statistic shows a ranking of the 20 countries with the largest gross domestic product (GDP) at purchasing power parity in 2016. In 2016, Thailand ranked 20th with a PPP-adjusted GDP of about 998 billion U.S. dollars. France: Gross domestic product (GDP ...
GDP Purchasing Power Parity 2014
Indian Defence - 4/18/2015 11:54:25 PM
The extent of Indian economic data fudging was completely exposed to the whole world ... foreign power. It's never important by itself. India is the perfect little pawn for the British and Americans. Since the British created your country, Indians feel ...
India overtakes Japan to become third-largest economy in purchasing power parity
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 ...
World's 10 biggest economies, India at No 3
Rediff India Abroad - 8/13/2013 12:31:14 PM
The United States continues to remain the world’s largest economy, according to the World Bank ranking that measures 214 economies based on their GDP (Purchasing Power Parity ... largest importer of goods, the country has developed a very high standard ...
The Richest Countries in the World
mapsofworld.com - 3/1/2017 11:53:18 PM
With 129,726 international dollars, Qatar is the richest country in the world by GDP per capita. Luxembourg has the second highest GDP (PPP). Here's a complete list of top ten richest countries in the world – #1 Qatar Qatar tops the list owing to oil ...
Comparing Indian States with Countries by GDP per capita and PPP (Purchasing Power Parity)
wingztv.com - 1/18/2017 12:25:48 PM
GDP per capita (2014) of countries are based on the IMF World Economic Outlook (April-2015). According to IMF, GDP per capita of India in 2014 is $1,626.98 and $5,855.31 in nominal and ppp terms, respectively. Poorest state Bihar is equivalent to Nepal (in ...
The Richest Countries In The World
worldatlas.com - 2/8/2017 11:56:44 PM
A list of the 13 richest populated nations, countries, kingdoms and principalities on the planet in 2016. The countries with the highest GDP per capita (PPP). This 13 richest countries by gross domestic product (at purchasing power parity) per capita.