This article includes three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a state in a given year). The GDP dollar estimates given on this page are derived from purchasing power parity (PPP) calculations.
[edit] Background
Using a PPP basis is arguably more useful when comparing generalized differences in total economic output between countries because PPP takes into account the relative costs and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. Economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), however this is taken into account by the price comparison surveys, such as the International Comparison Program, which are used as the basis for PPP calculations. These surveys include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods.[2]
[edit] Lists
- The first table includes data for the year 2011 for 182 of the current 187 International Monetary Fund members and Taiwan, as well as for the following unranked entities: the European Union, Hong Kong and the world. Data are in millions of international dollars and were calculated by the International Monetary Fund. Figures were published in April 2012.
- The second table includes data mostly for the year 2010 and 2011 for 180 of the 192 current United Nations member states, the two Chinese Special Administrative Regions (Hong Kong and Macau), and for the unranked entities of the world and the European Union. Data are in millions of international dollars and were compiled by the World Bank.
- The third table is a tabulation of the CIA World Factbook GDP PPP data update of 2011. The data for GDP at purchasing power parity (PPP) have also been re based using the new International Comparison Program (ICP) price surveys and extrapolated to 2007. Final figures are estimates in billions of international dollars.
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| List by the International Monetary Fund (2011)[1] | List by the World Bank (2005–2011)[2] | List by the CIA World Factbook
(1993–2011)[3] |