|Rank||Country||GDP (purchasing power parity) (Billion $)|
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 in the year noted. 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 differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2020See also: GDP (purchasing power parity) map
Gross Domestic Product Purchasing Power Parity (GDP PPP)
Global Finance - 8/14/2020 3:09:00 AM
A background on Gross Domestic Product Purchasing Power Parity (GDP PPP) from the World Bank ... To measure the real size of the world’s economy and to compare costs of living across countries, we need to adjust for differences in purchasing power.
Purchasing Power Parity: Weights Matter
International Monetary Fund - 6/7/2019 4:46:00 PM
The IMF, one of these institutions, publishes many of its statistics—such as real GDP growth ... The other uses the purchasing power parity (PPP) exchange rate—the rate at which the currency of one country would have to be converted into that of ...
A Year After Covid Began, China’s Economy Is Beating World
Bloomberg - 1/15/2021 4:03:00 AM
China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment.
China Set to Topple U.S. as Biggest Economy Sooner After Virus
BloombergQuint - 1/15/2021 10:36:00 AM
The economy converged with the U.S. at the fastest pace on record. China’s GDP was 71.4% of U.S. levels in 2020, according to the International Monetary Fund, up 4.2% from the p
Nigeria: World Bank's Global Rating of Nigeria's Economy
AllAfrica.com - 1/5/2021 5:29:00 AM
as the 26th largest in the world specifically in terms of nominal Gross Domestic Product (GDP) and 24th for Purchasing Power Parity (PPP), has met with mixed reactions within the country and ...
PwC report shows emergence of Asia as economic powerhouse
The CEO Magazine - 1/7/2021 1:24:00 AM
PwC has updated its World in 2050 report showing that despite the coronavirus pandemic, Brexit and US trade wars, the world economy could more than double in size as China and India become economic po
Why Australia and the West suffer from Sinophrenia
The Australian Financial Review - 1/13/2021 2:48:00 AM
As China grows and grows, critics can't decide if the Asian giant is about to collapse, or that it's set to take us over.
FY21 GDP: Advance Estimates See Indian Economy Contract The Most Since Independence
BloombergQuint - 1/7/2021 1:54:00 PM
“The relatively more manageable pandemic situation in the country as compared ... Per capita GDP is estimated at Rs 1.43 lakh in FY21, a contraction of 5.2% in nominal terms. On purchasing power parity basis, per capita GDP is also likely to slip below ...