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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Country Rate [%] Afghanistan Albania 3.3 Algeria 3.8 Andorra 1.4 Angola 2.4 Antigua and Barbuda 5.8 Argentina-2.8 Armenia 6.0 Aruba 5.5 Australia 1.2 Austria ...
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [ 1 ]
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
This list of countries by largest GDP shows how the membership and rankings of the world's ten largest economies as measured by their gross domestic product has changed. . While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen both rises and falls in relative terms of the economies of other count
The GDP dollar estimates presented here are calculated at market or government official exchange rates. The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency .
Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. [2]