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
Which countries have benefited the most from globalization?
Live Mint - 1/19/2017 9:25:40 AM
Chart 1 shows that China’s share of world gross domestic product (GDP), measured in purchasing power parity terms, has moved up from ... cross-border trade and investment benefits all countries, there are nevertheless some nations that have done better ...
Australia GDP per capita PPP
ForexTV - 1/17/2017 7:29:20 PM
The GDP per Capita, in Australia, when adjusted by Purchasing Power Parity is equivalent to 246 percent of the world’s average ... The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power ...
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.
Mapped: The countries with the cheapest Big Macs
Daily Telegraph - 1/19/2017 10:51:34 AM
A Big Mac might taste the same the world over ... test the theory of purchasing power parity, which states that – over time – exchange rates should automatically equalise the prices of identical goods or services in any two countries.
Pakistan’s economy set to grow further in 2017: Report
Associated Press of Pakistan - 1/17/2017 2:21:31 PM
The annual GDP may increase from $270 billion to around $300 billion and for the first time, the Purchasing Power Parity may cross the ... Pakistan, at 144 out of 190 countries, was among top 10 global improves in World Bank’s 2017 Doing Business rankings.
China’s fourth-quarter GDP: 5 things to watch
Financial Times - 1/18/2017 8:29:35 AM
China’s statistics bureau will announce the country’s gross domestic product numbers ... Here are five things to watch for clues about the health of the world’s largest economy by purchasing power parity. Headline growth. There is little suspense ...
Inflation Gets Real (Not Just Nominal) in Argentina
wolfstreet.com - 1/18/2017 12:37:08 AM
The Economist created the Big Max Index to bring to life the idea of Purchasing Power Parity (PPP), or that things should cost ... s other measures aimed at turning Argentina into a serious country, it seems his Commerce Secretary has better things ...
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 ...
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 ...
Why you should believe the Chinese GDP data
themoneyillusion.com - 1/19/2017 12:21:38 AM
The China I visited in 2009 was a completely different country from the China of 2002 ... 2015), China overtook United States as the world’s largest economy in terms of purchasing power parity (PPP). GDP of China stands at $17.6 trillion international ...
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 ...
Switzerland STILL has priciest Big Macs in the world
The Local - 1/17/2017 10:53:56 AM
Invented in 1986 as a light-hearted guide to purchasing power parity, the Big Mac Index compares the cost of a McDonald's Big Mac burger in countries across the world. Using the US ... into account labour costs and GDP. When adjusting for ...
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 ...