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 - 11/23/2015 1:55:16 AM
Situated on the western tip of North Africa, Morocco is classified as a lower-middle-income country by the World Bank with GDP at current prices estimated at $112.55bn and per-capita GDP of $3392 in 2014. On a purchasing power parity basis, GDP per capita ...
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/21/2011 11:55:54 PM
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 ... many countries do not formally participate in the World Bank's PPP project that calculates ...
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
After years of the United States wearing the coveted crown China is now ranked the world's largest economy based on purchasing power parity, according to recent GDP data released by ... measure is a type of cross-country comparison that looks beyond ...
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 (PPP) terms stood at ... India's share in world GDP in terms of PPP, a measure of relative consumer prices across countries ...
GDP Purchasing Power Parity 2014
Pakistan Defence - 4/18/2015 11:54:25 PM
The PPP vs GDP validity is a bit more complicated ... convergence speed is slow, and foreign purchasing power of a country depends mainly on market exchange rates, so PPP shouldn't be compared across the world as the competitiveness of each 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 ... international or country specific investment decisions. 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 ...
China Just Overtook The US As The World's Largest Economy
The Business Insider - 10/8/2014 5:02:03 AM
China just overtook the US to become the world's largest economy, according to ... the method used by the IMF adjusts for purchasing power parity, explained here. The simple logic is that prices aren't the same in each country: A shirt will cost you ...
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 ...
China Economy Surpasses US In Purchasing Power, But Americans Don't Need To Worry
International Business Times - 10/8/2014 6:09:28 PM
The International Monetary Fund announced Wednesday that China's economy, when measured by purchasing power parity (PPP), surpassed that of the United States to become the world ... country's economic wellbeing. "It's increasingly controversial to use ...
De-jargoned: Purchasing Power Parity
Live Mint - 10/19/2014 2:43:08 PM
Given that the basic product you are buying, i.e. Big Mac, is the same throughout the world, this index, which compares prices of the burger across about 50 countries, seeks to ascertain the value of a country ... of purchasing power parity (PPP).
The World's Top 10 Economies
Investopedia - 2/24/2015 8:32:25 PM
France, the most visited country ... GDP purchasing-power-parity stands at $2.43 trillion with a GDP (PPP) per capita of $37,744. Italy’s $2.13 trillion economy is the world’s eighth largest in terms of nominal GDP. Italy is among the prominent ...
Moody's affirms Mauritius's Baa1 government bond rating with stable outlook
CPI Financial - 11/27/2015 8:02:45 AM
The country's wealth level, as measured by its per-capita GDP in purchasing power parity terms has progressed to almost $ ... as exhibited by the country's strong position in the World Bank's Ease of Doing Business ranking (32nd out of 189 countries ...
The richest and poorest countries in the world
businesstech.co.za - 7/19/2015 1:01:17 PM
Global Finance Magazine has listed the richest and poorest countries in the world based on GDP per capita, adjusted for purchasing power parity. The data is based ... domestic product is used as a measure for country wealth, it is a better indication ...
World Bank: India Overtakes Japan as World's Third Largest Economy
The Diplomat - 4/30/2014 6:57:14 PM
In a sliver of good economic news during an Indian election that is widely focused on economic growth, the World Bank announced in a report on Tuesday that India overtook Japan as the world’s third largest economy in terms of purchasing power parity (PPP).
Is India really the world’s fifth most powerful country?
Reuters - 4/13/2011 7:04:15 AM
India is the world’s fifth most powerful country ... released by the country’s foreign ministry next week. Its statistical foundations in terms of population numbers and GDP aside — in terms of purchasing power parity, it should be noted — India ...