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
World Growth: Mediocre Or Pathetic?
Seeking Alpha - 5/5/2016 1:18:15 AM
The recent disappointing performance of the world economy has been labelled ... using market exchange rates or using PPP (purchasing power parity). Because PPP puts larger weights on emerging markets and because these countries have shown faster growth ...
Top 10 Countries By GDP purchasing power parity
Jagran Josh - 9/21/2011 11:55:54 PM
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 ...
National per capita GDP is ranked No. 21 worldwide
The China Post - 5/5/2016 4:05:53 PM
citing a recent report released by the International Monetary Fund on using purchasing power parity to boost the country's confidence. The report pinpointed Taiwan's average per capita GDP of US$46,783, ranking No. 21 worldwide, which is an 11-rank ...
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 the IMF, the purchasing power parity measure is a type of cross-country comparison that looks beyond ...
How Warren Buffett Has Made Money in China
Townhall Finance - 5/6/2016 4:01:42 AM
Even with its recent economic slowdown, China is still on track to become the world ... economy boasted a GDP of $11 trillion. By way of comparison, the U.S. economy generated $18 trillion of economic wealth. Adjusted for Purchasing Power Parity (PPP ...
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 ... India's share in world GDP in terms of PPP, a measure of relative consumer prices across countries, stood at 5.65% ...
Battling Through Brazil’s Uncertainty
thestaffingstream.com - 5/5/2016 8:56:23 AM
And, as Brazil’s economy ranks within the top 10 of the world in terms of GDP purchasing power parity, this political crisis is having ... In terms of how this affects the recruitment industry in Brazil, the country still has to face high levels of ...
International Monetary Fund lowers outlook for global economy, but lifts China's
SoloNews - 4/26/2016 7:55:28 AM
"China, now the world's largest economy on a purchasing- power-parity basis, is navigating a momentous but complex transition toward more sustainable growth based on consumption and services", it said. "The forecast of economic growth in the CIS countries ...
What Are the Best Countries for Women?
knowledge.wharton.upenn.edu - 5/5/2016 5:03:09 PM
These perceptions can have a profound real-world effect on national economies ... based on the correlation between the sub-rankings and the countries’ per capita GDP (at purchasing power parity) to arrive at the final country rankings.
$15 Minimum Wages Would Be the Highest in the World
The Foundry - 4/22/2016 7:41:44 PM
California and New York are even scheduled to top the minimum wage set by the Socialist Party in France, which presently ranks third highest in the world ... [purchasing power parity] adjusted wages can afford the same goods and services in their own ...
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 ...
Our service chiefs may earn more than US generals
Times of India - 4/27/2016 1:42:03 AM
NEW DELHI: For the first time, the Indian Army chief and his counterparts in the IAF and the Navy will draw more salary than the top general and equivalent in the US based on purchasing power parity ... in countries like US and UK, where the GDP per ...
Which European country has the highest standard of living?
weforum.org - 4/29/2016 1:06:53 PM
Europe has a high number of countries that boast some of the highest standards of living in the world. Standard of living takes ... competitive compared to its European peers and Purchasing Power Parity (PPP) adjusted wages, are almost as high in Ireland ...
Next move for Mexico: joining the top 10 economies in the world
Market Watch - 5/5/2016 11:05:14 AM
Mexico may be the 15th-largest country in the world by gross domestic product and the 11th-largest by purchasing power parity, but institutional decay ... have a shared geopolitical destiny. If the U.S. economy grows, Mexico’s economy is riding shotgun.