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
Dawn - 5/25/2015 1:42:03 AM
QATAR, the world’s largest exporter of liquefied natural gas and one of the smaller oil producing countries ... richest nations in the world with GDP per capita exceeding $100,000 based on the purchasing power parity exchange rates.
The cheapest countries in the world to visit
The Business Insider - 5/13/2015 12:40:31 PM
Travelers on a budget who don't mind going off the beaten path and taking some risks can find plenty of bargains, according to a new report from the World ... and purchasing power parity (PPP).* One major drawback: some of these countries are mired ...
China, India, Russia to be top 3 shareholders of AIIB: Report
Economic Times - 5/21/2015 4:20:06 PM
"Based on the AIIB members' GDP weight in the world economy, China will become the bank's ... "Whether measured by nominal GDP or the purchasing power parity-adjusted GDP, it makes sense for China to be the biggest capital contributor and the most ...
China Gears Up For World War III
The Inquisitr - 5/21/2015 8:09:10 PM
The United States and other countries ... power. Last year, China passed the United States as the world’s largest economy by at least one measurement, according to RT News. China has a larger Gross Domestic Product measured by purchasing power parity ...
India claims it will surpass China as the fastest-growing large economy in 2015
FORTUNE - 5/18/2015 4:45:08 PM
Last year, the International Monetary Fund announced that China had surpassed the United States as the world’s largest economy, as measured in terms of purchasing power parity ... Though these countries might be wary of legitimizing China’s economic ...
India overtakes Japan to become third-largest economy in purchasing power parity
The 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 ...
South Korea outbound tourism forecast to total US$35.7Bn by 2019
Live-PR - 5/19/2015 8:08:33 AM
... nations with a world ranking of thirteenth for nominal GDP and by purchasing power parity. With GDP per capita expanding rapidly at 9% CAGR during the last six years, the country is set to become a major outbound tourism market. Reflecting this rising ...
China, India, Russia to be top 3 stake holders of AIIB
Deccan Herald - 5/21/2015 5:10:13 PM
“Based on the AIIB members’ GDP weight in the world economy, China will become the bank ... "Whether measured by nominal GDP or the purchasing power parity-adjusted GDP, it makes sense for China to be the biggest capital contributor and the most ...
The world's cheapest countries to visit
travel.iafrica.com - 5/15/2015 7:08:52 AM
So what are the world ... country is to visit, the ranking uses the price competitiveness of a destination when compared to other countries. Price competitiveness takes into account plane ticket taxes, airport charges, hotel prices, purchasing power parity ...
Russia: economy in tatters, or business as usual?
Financial Times - 5/18/2015 4:09:21 PM
The fundamentals are also unchanged and Russia remains relevant: rich in natural resources, the world’s largest country by landmass, the 9th largest population, the 6th largest economy by GDP based on purchasing power parity, the largest retail trade ...
A Simple Formula for Peace and Security in Africa
The Huffington Post - 5/19/2015 4:19:29 AM
GDP per capita adjusted for purchasing power parity is as low as $607.17 (Central African Republic) and as high as $32266.35 (Equatorial Guinea). Within countries the, statistical measures of inequalities as reported by the World Bank show high economic ...
7 Reasons Your Business Should Care About The Brazilian Market
Fast Company - 5/15/2015 9:10:34 AM
It’s currently ranked eighth worldwide in terms of GDP—purchasing power parity—with $3.073 trillion, beating all other South American countries. Despite these uncertainties, economists still maintain a positive long-term outlook for the country ...
Nepal moves up 10 spots to 102nd position
Ekantipur - 5/17/2015 2:13:01 AM
KATHMANDU, MAY 17 - Nepal moved up ten spots to the 102nd position in terms of travel and tourism competitiveness, largely due to the purchasing power parity of tourists ... jobs and its contribution to the country’s GDP stood $738 million annually ...
CEIBS Prof. disappointed in Ghana’s economic dev’t
Ghana Web - 5/23/2015 5:19:10 AM
South Korea's market economy ranks 13th in the world by both nominal and purchasing power parity GDP, identifying it as one of the G-20 major economies. It is a developed country with a high-income economy and is the most industrialised member-country of ...
Egypt Among Most Stressful Countries To Live In
cairoscene.com - 5/15/2015 6:54:33 AM
But how do you measure how stressful a country is? Bloomberg has the answer and it goes a little something like murder rates, purchasing power parity, low income, inequality, corruption, unemployment, air pollution and early deaths (“life expectancy”).