|Rank||Country||GDP (purchasing power parity) (Billion $)|
|32||United Arab Emirates||696|
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
South Korea outstrips OECD average in per capita GDP for first time
The Phnom Penh Post - 1/11/2022 12:00:00 AM
South Korea has surpassed the average of members of the Organisation for Economic Cooperation and Development (OECD) in gross domestic product (GDP ... purchasing power parity (PPP), as an adjustment for differences in the cost of living in each country ...
Banca Transilvania: Romania may overcome Poland by GDP per capita within several years
MSN - 1/7/2022 6:23:00 AM
"Poland and Romania have faced similar economic and historical challenges over the last century, the evolutions in the two countries ... cycle), the GDP/capita at purchasing power parity as ...
Decoding China’s Growth
Businessworld - 1/7/2022 10:34:00 AM
Minhaz Merchant - With India entering a decade of high economic growth and China’s economy slowing to 4.5 per cent a year, the gulf in per capita income is set to narrow further., , Magazine 11 Jan 2022,
Joe Biden in a Multipolar World
China-US Focus - 1/7/2022 10:25:00 AM
The year 2022 will mark 50 years since US President Richard Nixon traveled to China to meet with Communist Party of China Chairman Mao Zedong and Chinese Premier Zhou Enlai – a major step toward restoring relations after decades of estrangement and hostility.
Trinidad Express Newspapers - 1/16/2022 12:07:00 AM
India has since emerged as one of the world’s ... largest in nominal GDP behind the US, China, Japan and Germany, and third behind China and the US in purchasing power parity.
Bahamas Sees $715m Gain If ‘Infrastructure Gap’ Closed
Tribune242 - 1/11/2022 1:39:00 PM
The Bahamas stands to gain a $715m boost if it invests just $31m to close the “digital infrastructure gap” between itself and the world’s leading economies, a multilateral lender is arguing. The Inter-American Development Bank (IDB),
A new mental model from China’s unicorns
Philippine Daily Inquirer - 1/13/2022 9:55:00 PM
The concept of generic strategy was first introduced over four decades ago—where firms can choose to either be differentiated or low-cost. Differentiation will likely involve innovation, while a
US should treat China as an equal
The Australian Financial Review - 1/7/2022 1:03:00 AM
In fact, as Charles Goodhart and Manoj Pradhan have pointed out, the world owes ... 77 per cent of US GDP in current dollar terms and 137 per cent by purchasing power parity.
Korea outstrips OECD average in per capita GDP for 1st time
The Korea Herald - 1/10/2022 6:32:00 AM
South Korea has surpassed the average of members of the Organization for Economic Cooperation and Development in gross domestic product per capita, for the first time, data showed Monday. According to the French-based organization,