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
The Economy Of India
worldatlas.com - 1/12/2017 2:48:56 PM
India is the sixth largest economy in the world by nominal GDP and the third largest when measured by the purchasing power parity (PPP). It is ranked as one of the newly industrialized countries and also a member of some influential trading blocs as the BRICS.
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 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 ...
How does purchasing power parity affect the GDP of a country?
www.quora.com - 2/6/2015 11:59:53 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.
Cost effectiveness of a government supported policy strategy to decrease sodium intake: global analysis across 183 nations
BMJ - 1/9/2017 11:56:31 PM
Country specific costs of a sodium reduction policy were estimated using the World Health Organization Noncommunicable ... outcome measure Cost effectiveness ratio, evaluated as purchasing power parity adjusted international dollars (equivalent to the ...
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 ...
Top 10 economic projections for Asian economies
BusinessWorld Online - 1/11/2017 11:54:08 PM
In the table below, GDP size is based on purchasing power parity (PPP) values ... In 2016, four Asian countries would remain in the 10 largest economies in the world: China, India, Japan, and Indonesia. 2. Six of the 10 ASEAN countries would belong ...
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 ...
FULFORD: COUNTDOWN TO THE NEW AGE BEGINS AS FINAL CABAL UNDERGROUND BASES SUBDUED [Short Report]
fourwinds10.net - 1/7/2017 11:58:53 PM
Now, the so-called US dollar is backed by nothing (the US has no gold) and US GDP, as measured by the IMF, is just 15.6% of world GDP on a purchasing power parity (real ... now over 100 countries, control close to 80% of world GDP while the US and its ...
The world without China
worldfinance.com - 1/6/2017 8:36:39 AM
According to the International Monetary Fund (IMF) – the official arbiter of global economic metrics – the Chinese economy accounts for 17.3 percent of world GDP (measured on a purchasing-power-parity basis). Without China, the world would already be ...
Countries with the largest gross domestic product at purchasing power parity 2016
www.statista.com - 1/7/2017 11:05:47 AM
Gross domestic product (GDP) in Asia Pacific in 2015, by country Gross domestic product (GDP) in Asia Pacific in 2015, by country Gross domestic product (GDP) growth rate in India 2020 Gross domestic product (GDP) growth rate in India 2020 Gross domestic ...
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 ...
GDP at Purchasing Power Parity (PPP)
globalsecurity.org - 11/27/2016 11:57:24 PM
... the actual level of China's output vis-a-vis the rest of the world; in China's situation, GDP at purchasing power parity provides the best measure for comparing output across countries." It may be recalled that by the end of the Cold War, using a ...
China Is Now the World's Largest Economy Based on Purchasing Power Parity, Says the IMF
The Christian Post - 10/9/2014 7:27:01 PM
According the IMF, the purchasing power parity measure is a type of ... sells in nearly identical form in many countries around the world," it continued. The new figures show China's economy with a total GDP of $17.6 trillion in 2014, just ahead of the ...
GDP and Purchasing Power Parity (PPP)
tutor2u.net - 1/10/2012 11:53:07 PM
Manufactured goods tend to sell for similar prices in most parts of the world ... for comparing GDP we build a basket of comparable goods and services and look at the prices of that basket in different countries. Purchasing Power Parity is the exchange ...