Statistics and charts

GDP (nominal) vs GDP (PPP)

SourceInternational Monetary Fund World Economic Outlook (April-2016)
Date04 Aug 2016

GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country in a given period. Each country reports its data in its own currency. To compare the data, each country's statistics must be converted into a common currency. The two most common methods to convert GDP into a common currency are nominal and purchasing power parity (PPP).

Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. It is the original concept of GDP. In Nominal method, market exchange rates are used for conversion. It does not take into account differences in the cost of living in different countries. Fluctuations in the exchange rates of the country's currency may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.

PPP basis arguably more useful when comparing differences in living standards between nations. A haircut in New York is more expensive than in Lima; the price of a taxi ride of the same distance is higher in Paris than in Tunis; and a ticket to a cricket game costs more in London than in Lahore. PPP is an exchange rate at which the currency of one country is converted into that of the second country in order to purchase the same volume of goods and services in both countries. If a hamburger is selling in London for £2 and in New York for $4, this would imply a PPP exchange rate of 1 pound to 2 U.S. dollars. PPP exchange rates are relatively stable over time. Drawbacks of PPP is that PPP is harder to measure than nominal.

Out of 190 countries/economies, 173 have higher GDP in PPP basis and 16 have higher in nominal. For United States both are identical. 22 economies has higher ppp values by 3-4 times.

South Sudan has highest difference between PPP and nominal gdp calculation. GDP (PPP) of South Sudan is 9 times larger than GDP (nominal). South Sudan is followed by Myanmar (4.2) and India (3.8). This value is lowest for Switzerland (0.73).

There is a large gap between nominal and PPP based GDP in emerging market and developing countries. But for advanced countries, difference is much closer. Out of 16 economies which has ppp to nominal ratio is less than one (i.e, ppp value is less than nominal), 8 are among 14 richest and 11 are among 25 richest economies in nominal basis.

nominal vs ppp countries map
NoCountry/EconomyPPP/Nom GDP Nominal (billions of $)GDP PPP (billions of Int. $) GDP per capita Nominal ($)GDP per capita PPP (Int. $)
2015Rank2015Rank 2015Rank2015Rank
14Afghanistan3.24519.20411062.3181026001761,947169
36Albania2.82911.54312932.6501223,99511011,301101
10Algeria3.359172.27855578.651334,31810414,50487
123Angola1.791102.97961184.438644,1001067,344121
136Antigua and Barbuda1.6291.2871732.09717314,4145223,47657
133Argentina1.660585.62321971.9672513,5895522,55459
75Armenia2.39610.57113225.3231323,5351188,468112
170Austria1.081374.12430404.2934643,7241547,25019
20Azerbaijan3.13554.04877169.445675,7399317,99369
171The Bahamas1.0538.7051389.16615423,9033325,16753
94Bahrain2.13130.4119864.7999823,5103450,09515
41Bangladesh2.803205.71546576.547341,2871543,607143
173Barbados1.0514.4121534.63616415,7744816,57574
23Belarus3.07154.60976167.692695,7499117,65470
168Belgium1.087454.68726494.1213840,1072143,58526
129Belize1.7291.7631663.0491694,8421008,373114
50Benin2.7098.47114022.9481377801672,113164
32Bhutan2.8842.2141636.3851602,8431298,201116
82Bolivia2.24033.2109674.391932,8861266,465125
61Bosnia and Herzegovina2.56615.79411440.5321104,08810710,492107
49Botswana2.70912.86012234.8441186,0418816,36876
121Brazil1.8011,772.59093,192.41078,6707415,61580
37Brunei Darussalam2.81911.78612633.21912028,2373079,5875
43Bulgaria2.79548.95782136.855766,8328119,09766
39Burkina Faso2.80511.00913030.8781246151751,724174
54Burundi2.6772.8811607.711158306188818187
92Cabo Verde2.1461.5951693.4231663,0391246,522124
25Cambodia2.98618.15511154.2051051,1681573,487144
63Cameroon2.55128.4789972.644951,2321563,144152
172Canada1.0511,552.390101,631.9401543,3321745,55324
110Central African Republic1.8801.6051683.018170335187630189
42Chad2.79710.89413130.4681259421612,634159
126Chile1.758240.22242422.4224313,3415623,46058
125China1.76610,982.830219,392.36017,9907614,10788
81Colombia2.276293.24338667.443316,0848513,84790
99Comoros2.0610.5891821.2141787361691,519177
138Democratic Republic of the Congo1.61738.8738962.873100476181770188
12Republic of Congo3.3078.87813729.3621262,0321376,722123
151Costa Rica1.41652.8987974.8889210,9366315,48281
67Côte d'Ivoire2.52231.1729778.621901,3151513,316147
113Croatia1.86548.8508391.0968311,5736121,58161
148Cyprus1.45219.33010928.05812922,5873632,78538
117Czech Republic1.828181.85852332.4775017,2574431,54941
122Djibouti1.7921.7271673.0941681,7881423,204151
143Dominica1.5350.4971830.7631827,0307910,788105
85Dominican Republic2.21867.49268149.692736,7568214,98484
115Ecuador1.85598.82863183.358656,0718611,264102
19Egypt3.168330.765321,047.910233,74011711,85097
100El Salvador2.05525.76610252.9471064,0401088,303115
51Equatorial Guinea2.7009.40313625.38613011,7626031,75840
112Eritrea1.8674.6661528.7131566951711,297181
135Estonia1.65422.70410537.54911117,2884328,59244
58Ethiopia2.62361.62972161.634716871721,801171
131Fiji1.6834.7821508.0481575,374969,044109
167France1.0932,421.56062,646.8901037,6752241,18127
74Gabon2.40914.35011634.5751197,7367818,63967
5The Gambia3.6520.8931783.2611674511831,646175
64Georgia2.54214.00711835.6041163,7891169,630108
164Germany1.1443,357.61043,840.550540,9972046,89320
17Ghana3.18336.03994114.701801,3401504,266141
146Greece1.464195.32048285.9765418,0644226,44948
145Grenada1.4690.9541761.4011768,9377213,12893
108Guatemala1.96963.91171125.862793,9291137,738118
83Guinea2.2376.69614414.9821495421791,214182
66Guinea-Bissau2.5351.0571752.6801715951771,508178
118Guyana1.8203.1641585.7591624,1251057,509120
88Haiti2.1758.61813918.7451438051651,750173
103Honduras2.02320.29510841.0571092,4071314,869138
155Hong Kong SAR1.338309.93134414.5664442,3901856,70111
93Hungary2.142120.63659258.4445912,2405926,22251
3India3.8102,090.71077,965.16031,6171446,162126
11Indonesia3.309858.953162,842.25083,36211911,126103
7Islamic Republic of Iran3.537387.611291,371.070184,8779917,25172
16Iraq3.211169.46057544.096364,81910115,47482
169Ireland1.081238.03144257.4176051,351955,53313
161Italy1.1961,815.76082,170.9101229,8672735,70835
124Jamaica1.77013.92411924.6471334,948988,759110
163Japan1.1714,123.26034,830.070432,4862638,05430
87Jordan2.19937.6209182.725875,5139512,12396
71Kazakhstan2.477173.21254429.120429,7966424,26856
80Kenya2.31061.40573141.861741,3881483,208150
160Kiribati1.2530.1621890.2031881,4281471,787172
154Korea1.3431,376.870111,848.5201327,1953136,51132
77Kuwait2.390120.68258288.3825329,3632870,1666
24Kyrgyz Republic3.0226.65014520.0951411,1131583,363146
26Lao P.D.R.2.98512.50312437.3221121,7791435,309132
119Latvia1.81527.04810149.08110713,6195424,71255
137Lebanon1.62351.1688183.0578611,2376218,24068
35Lesotho2.8402.0321655.7701611,0521602,987153
116Liberia1.8422.0351643.749165474182873186
73Libya2.41838.3009092.608826,0598714,65086
105Lithuania1.99641.2678882.3558814,2105328,35945
150Macao SAR1.41646.1788465.3839769,309598,1353
29FYR Macedonia2.9279.92213329.0371274,78710214,00989
6Madagascar3.6399.73713535.4371174021851,462180
18Malawi3.1736.41614620.3591403541861,124184
45Malaysia2.754296.21935815.646289,5576526,31549
134Maldives1.6583.1301595.1911639,0007114,92385
46Mali2.74213.06612135.8321158021662,199163
141Malta1.5699.80113415.38214722,8293535,82634
9Mauritania3.4284.75215116.2891461,2821554,395139
96Mauritius2.11611.60812824.5661349,2186819,50965
109Mexico1.9461,144.330152,227.180119,0097017,53471
44Moldova2.7746.41414717.7931441,8051415,006135
22Mongolia3.07411.73512736.0681143,95211212,14795
69Montenegro2.4854.03915610.0351526,4898416,12378
57Morocco2.652103.14260273.533573,0791228,164117
86Mozambique2.21814.96511533.1871215351801,186183
2Myanmar4.23366.98369283.532551,2921535,469131
106Namibia1.97512.83212325.3411315,7779011,408100
13Nepal3.28221.35610770.091967511682,465161
165Netherlands1.128738.41917832.6232743,6031649,16616
62Nicaragua2.56412.22212531.3331231,9491404,997137
56Niger2.6647.15114319.0531424051841,080185
84Nigeria2.227490.207241,091.700222,7431306,108127
28Oman2.93058.49174171.3636615,2335044,62825
8Pakistan3.448269.97141930.951261,4501465,000136
132Panama1.67352.1328087.1968513,0135721,76560
157Papua New Guinea1.27216.09011320.4671382,0851362,652158
89Paraguay2.17228.07710060.9771034,0101098,708111
102Peru2.025192.14149389.149476,0218912,19594
65Philippines2.538291.96540741.031292,8581277,254122
95Poland2.117474.893251,005.4502412,4955826,45547
147Portugal1.456199.07747289.7915219,1224027,83546
156Puerto Rico1.298101.57062131.8517729,2362937,95231
130Qatar1.725185.39551319.8185176,5763132,0991
78Romania2.334177.31553413.846458,9067320,78763
38Russia2.8061,324.730123,717.62069,0556925,41152
72Rwanda2.4708.26714120.4221397321701,807170
162Samoa1.1930.8381791.0001814,3341035,174133
159San Marino1.2661.5661701.98217549,8471363,1049
98São Tomé and Príncipe2.0690.3181860.6581841,5691453,244148
60Saudi Arabia2.577653.219201,683.0401420,8133853,62414
53Senegal2.68513.66512036.6871139131642,451162
55Serbia2.67036.5139397.502815,1209713,67191
127Seychelles1.7581.3751722.41717214,9415126,27750
76Sierra Leone2.3924.1671549.9661536591731,577176
139Singapore1.612292.73439471.8774152,888785,2534
114Slovak Republic1.85886.62965160.9987215,9924729,72043
144Slovenia1.49642.7688763.9649920,7323931,00742
79South Africa2.312312.95733723.518305,6959413,16592
1South Sudan9.0182.62716123.6911352211891,992167
153Spain1.3461,199.720141,615.0701625,8653234,81936
48Sri Lanka2.71782.09567223.024623,88911510,566106
142St. Kitts and Nevis1.5390.8961771.37917716,1104524,80854
149St. Lucia1.4341.4161712.0301748,1927511,73998
140St. Vincent and the Grenadines1.5920.7571811.2051796,8828010,956104
104Sudan1.99783.61266166.957702,1751334,344140
128Suriname1.7515.1921499.0901559,3066716,29277
52Swaziland2.6924.02815710.8451513,1401218,453113
97Taiwan Province of China2.099523.581221,099.0302122,2883746,78321
27Tajikistan2.9827.81614223.3061369221632,749156
21Tanzania3.08344.90485138.461759421622,904155
40Thailand2.803395.288271,108.110205,7429216,09779
68Timor-Leste2.5082.6201626.5701592,2441325,628130
59Togo2.6054.16515510.8491505691781,483179
158Tonga1.2710.4141840.5261853,9731115,045134
120Trinidad and Tobago1.80524.55310444.30610818,0864132,63539
30Tunisia2.91343.58186126.968783,92311411,42899
90Turkey2.166733.642181,588.790179,4376620,43864
70Turkmenistan2.48335.6809588.600846,6228316,44575
166Tuvalu1.1210.0331900.0371903,0151253,393145
15Uganda3.22924.74010379.884896201742,003166
4Ukraine3.75090.52464339.481492,0051387,519119
111United Arab Emirates1.875345.48331647.8233236,0602467,6178
174United States1.00017,947.000117,947.000255,805655,80512
152Uruguay1.36653.7947873.4639415,7484921,50762
34Uzbekistan2.86165.68370187.947632,1211346,068128
91Venezuela2.153239.57243515.745377,7457716,67373
31Vietnam2.885191.45450552.298352,0881356,024129
101Yemen2.05036.8529275.535911,3031522,671157
33Zambia2.86521.88910662.7091011,3501493,868142
107Zimbabwe1.96914.26911728.1021281,0641592,096165
185Australia0.9301,223.890131,138.0901950,9621047,38918
189Denmark0.877294.95137258.7025852,114845,70923
176Finland0.980229.67145224.9996141,9741941,12029
187Iceland0.90616.71811215.15414850,8551146,09722
182Israel0.952296.07336281.9395635,3432533,65637
178Luxembourg0.97157.4237555.730104101,994198,9872
181Marshall Islands0.9560.1831880.1751893,3561203,211149
179Micronesia0.9620.3181850.3061863,0731232,955154
177New Zealand0.976172.24856168.1876837,0452336,17233
186Norway0.915389.48228356.2094874,822468,4307
183Palau0.9480.2871870.27218716,0704615,18283
175Solomon Islands0.9991.1471741.1461801,9521391,950168
180Sweden0.961492.61823473.4134049,8661247,92217
190Switzerland0.726664.60319482.3473980,675258,55110
184United Kingdom0.9402,849.35052,679.330943,7711441,15928
188Vanuatu0.8950.7651800.6851832,8471282,550160
47Kosovo2.7376.355148 17.391145-- --
Syria--- ---- --
World 1.55173,171 113,524 10,138 15,728