Statistics and charts

GDP (nominal) vs GDP (PPP)

SourceInternational Monetary Fund World Economic Outlook (April-2018)
Date26 May 2018

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 192 countries/economies, 178 have higher GDP in PPP basis and 13 have higher in nominal. For United States both are identical. 30 economies has higher ppp values by more than 3 times.

South Sudan has highest difference between PPP and nominal gdp calculation. GDP (PPP) of South Sudan is 6.53 times larger than GDP (nominal). South Sudan is followed by Egypt (5.1), Myanmar (4.9), Uzbekistan (4.6) and Azerbaijan (4.2). This value is lowest for Iceland (0.74).

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), 6 are among 12 richest and 9 are among 22 richest economies in nominal basis.

nominal vs ppp countries map
No Country/Economy PPP/Nom GDP (2017) GDP per capita (2017)
Nominal (B of $) PPP (B of Int. $)Nominal ($) PPP (Int. $)
NominalRankPPPRank NominalRankPPPRank
21Afghanistan3.33020.88911269.553985881801,958173
44Albania2.72913.18112435.9701224,58310512,50798
12Algeria3.550178.28755632.904364,29210915,23785
141Angola1.532124.20959190.290664,4081076,753130
139Antigua and Barbuda1.5701.5241732.39317516,7025026,23258
148Argentina1.443637.71721920.2492714,4675820,87666
76Armenia2.44911.54813228.2821333,8611199,456114
174Austria1.055416.84528439.5754547,2901549,86922
5Azerbaijan4.22540.67090171.811734,14111317,49278
103Bahrain2.01934.8959670.4399724,0293748,50523
59Bangladesh2.629261.37443687.144321,6021504,211144
176Barbados1.0455.0181535.24416617,8594518,66473
22Belarus3.28754.43680178.906715,7609218,93172
172Belgium1.068494.73325528.4583743,5822046,55325
127Belize1.7321.8541693.2111714,8061038,324120
43Benin2.7429.23813925.3311388301672,277166
30Bhutan3.0122.3341667.0301602,9031308,744117
90Bolivia2.25137.1229583.550923,3531247,547124
75Bosnia and Herzegovina2.47118.05811344.6221095,1499912,72496
89Botswana2.26317.16811538.8571177,8778017,82876
138Brazil1.5772,054.96983,240.31989,8956915,60384
58Brunei Darussalam2.63212.74312533.53612529,7123178,1965
54Bulgaria2.68956.94378153.138768,0647721,68764
39Burkina Faso2.84612.56912835.7771236641781,889174
80Burundi2.3533.3961607.990159312190735190
94Cabo Verde2.1451.7411703.7351673,2381256,944127
38Cambodia2.88722.25210964.2501031,3901574,012145
63Cameroon2.61334.0069788.861881,4011563,660151
170Canada1.0711,652.412101,769.2701745,0771848,26524
125Central African Republic1.7491.9281683.373170387188677191
37Chad2.8939.87213728.5571318101702,344164
133Chile1.628277.04242451.0704415,0705724,53760
110China1.92812,014.610223,159.10718,6437516,66082
85Colombia2.309309.19740714.004316,2738814,48590
104Comoros2.0140.6521831.3131807881721,588179
131Democratic Republic of the Congo1.65241.4418968.453100478184790189
15Republic of Congo3.3928.51314228.8751301,9581446,642131
147Costa Rica1.44458.0567783.8529111,6856316,87781
79Côte d'Ivoire2.40140.3609296.917851,6171493,883147
114Croatia1.85954.51679101.3448413,1386024,42462
145Cyprus1.48221.31011131.58812624,9763537,02337
124Czech Republic1.762213.18949375.6794920,1524135,51240
121Djibouti1.7902.0291673.6321681,9891423,559153
152Dominica1.4020.5601840.7851837,9217911,102107
87Dominican Republic2.29875.01870172.359727,3758216,94480
112Ecuador1.883102.31163192.637656,0989011,482105
2Egypt5.067237.073451,201.188212,50113512,67197
102El Salvador2.03428.02310156.9911054,4001088,948116
41Equatorial Guinea2.83010.72513630.35212812,7276136,01739
135Eritrea1.6145.8131509.3821569801641,581180
136Estonia1.60025.97310341.56411219,8404231,75044
74Ethiopia2.47680.87467200.210648731652,161168
129Fiji1.7035.0791528.6521575,740949,777113
169France1.0982,583.56072,835.7461039,8692343,76129
78Gabon2.41515.20612036.7271207,9727819,25470
10The Gambia3.5701.0091783.6021694801831,713177
62Georgia2.62215.13912139.6961164,09911410,747108
165Germany1.1323,684.81644,170.790544,5501950,42518
40Ghana2.84447.03287133.742791,6631484,729141
144Greece1.488200.69053298.6785618,6374327,73753
150Grenada1.4401.1151771.60617710,3606814,92687
117Guatemala1.82175.66169137.804774,4721068,145123
47Guinea2.7239.72113826.4671367491752,041171
82Guinea-Bissau2.3241.3501753.1371727941711,845175
126Guyana1.7333.6281596.2871644,7101048,161122
84Haiti2.3158.60814119.9301447841731,815176
105Honduras2.01122.97510846.1981082,7661325,562138
158Hong Kong SAR1.331341.65934454.9124346,1091661,39311
111Hungary1.898152.28458288.9905915,5315529,47449
8India3.6232,611.01269,459.00231,9831437,183126
26Indonesia3.1941,015.411163,242.77173,87611812,377100
7Islamic Republic of Iran3.808431.920271,644.705185,3059820,20067
20Iraq3.332197.69954658.791345,08810016,95479
171Ireland1.069333.99435357.1635170,638575,5386
163Italy1.1921,937.89492,310.9021231,9842738,14035
119Jamaica1.81514.35912226.0631375,0481019,163115
166Japan1.1144,872.13535,428.813438,4402542,83230
92Jordan2.20140.4879189.096875,6789512,49499
32Kazakhstan2.969160.83957477.593428,8417426,25257
99Kenya2.05279.51168163.136741,7021473,491154
164Kiribati1.1470.1971900.2261891,7211461,976172
159Korea1.3191,538.030112,029.0321429,8913039,43432
50Kosovo2.7107.24314719.6271453,88011710,515109
77Kuwait2.422120.35160291.4805827,3193366,1639
25Kyrgyz Republic3.2077.16314822.9711401,1441613,667150
35Lao P.D.R.2.89716.98411649.2061072,5421347,366125
123Latvia1.77830.3199953.90910615,5475427,64454
128Lebanon1.70451.4578287.6769011,4096419,43969
71Lesotho2.5132.7681646.9551611,4251553,581152
115Liberia1.8573.2851626.0991657291761,354184
98Libya2.05531.3319864.3961024,8591029,986110
109Lithuania1.93147.2638691.2448616,7304832,29943
178Luxembourg1.00562.3937362.730104105,8031106,3743
149Macao SAR1.44149.8028371.7789577,4513111,6292
46FYR Macedonia2.72411.36613430.9641275,4749614,91488
14Madagascar3.46611.46313339.7321144481851,551182
9Malawi3.6056.20614922.3731413241891,167187
33Malaysia2.959314.49738930.750269,8137029,04150
142Maldives1.5294.5051566.88716212,5276219,15171
55Mali2.67715.31811941.0001138111692,170167
140Malta1.53912.54312919.30714627,2503441,94531
17Mauritania3.3725.11615117.2511501,3181584,444143
91Mauritius2.20912.42813027.4591349,7947121,64065
95Mexico2.1391,149.236152,458.357119,3047319,90368
173Micronesia1.0610.3271870.3471873,2001263,393156
73Moldova2.4838.08514420.0771432,2801375,661136
11Mongolia3.56611.13513539.7041153,64012012,97994
83Montenegro2.3194.76415511.0491557,6478117,73677
48Morocco2.719109.82461298.572573,1511278,567119
36Mozambique2.89712.68112736.7341194291871,244186
3Myanmar4.94066.53772328.709531,2641596,244132
97Namibia2.09012.68712626.5111355,4139711,312106
153Nauru1.3950.1141910.1591918,5757612,002102
23Nepal3.21124.47210578.591938341662,679162
168Netherlands1.109825.74518916.0782848,3461353,63515
56Nicaragua2.65013.72712336.3821212,2071385,849134
57Niger2.6468.25314321.8361424401861,164188
31Nigeria2.973376.284311,118.756241,9941415,929133
72Oman2.51274.27471186.6126917,9734445,15726
13Pakistan3.477303.993411,056.987251,5411515,358140
130Panama1.68061.83874103.8938215,0895625,35159
160Papua New Guinea1.28423.61710730.3321292,8611313,675149
86Paraguay2.30729.61910068.3261014,2601109,826112
107Peru1.972215.22448424.385466,7628413,33493
42Philippines2.794313.41939875.572292,9761298,315121
96Poland2.136524.886241,121.0092313,8235929,52148
151Portugal1.437218.06447313.4375521,1613930,41747
162Puerto Rico1.22598.80564121.0058030,4882937,33936
100Qatar2.048166.32656340.6405260,8047124,5291
88Romania2.278211.31550481.4534110,7576524,50861
61Russia2.6241,527.469124,007.831610,6086627,83452
53Rwanda2.6959.13714024.6251397721742,080170
155Samoa1.3500.8401811.1341824,2531115,740135
161San Marino1.2541.6361722.05217647,4061459,46613
122São Tomé and Príncipe1.7840.3791860.6761851,7851453,180159
64Saudi Arabia2.594683.827191,773.5511621,1204054,77714
60Senegal2.62716.46311843.2411101,0381622,727161
67Serbia2.54341.47188105.451815,8999115,00086
116Seychelles1.8341.4821742.71817315,6865328,77951
27Sierra Leone3.1603.64115811.5041534911821,553181
134Singapore1.627323.90237527.0213857,713993,9054
113Slovak Republic1.87095.93865179.3657017,6644633,02542
146Slovenia1.45548.8688471.0819623,6543834,40741
177Solomon Islands1.0371.2771761.3241792,0811402,157169
93South Africa2.192349.29933765.568306,1808913,54592
1South Sudan6.5302.87016318.7411472281911,489183
154Spain1.3501,313.951141,773.9061528,3593238,28634
28Sri Lanka3.13687.59166274.718614,08511512,81195
132St. Kitts and Nevis1.6470.9281791.52817816,2965126,84556
143St. Lucia1.5041.6861712.5361749,6077214,45091
137St. Vincent and the Grenadines1.5810.8011821.2661817,2718311,491104
24Sudan3.21158.23976187.030681,4281544,586142
68Suriname2.5423.3471618.5081585,7469314,60689
70Swaziland2.5254.49115711.3381543,9151169,884111
101Taiwan Province of China2.046579.302221,185.4802224,5773650,29420
6Tajikistan3.8997.27914628.3821328241683,212158
29Tanzania3.13551.72581162.166751,0341633,240157
51Thailand2.709455.378261,233.737206,5918717,85675
65Timor-Leste2.5872.6101656.7531632,1041395,444139
49Togo2.7154.76715412.9431516111791,659178
156Tonga1.3430.4371850.5871864,1771125,608137
106Trinidad and Tobago1.98921.62411043.01411115,7695231,36745
19Tunisia3.36240.27593135.416783,49612311,755103
66Turkey2.558849.480172,173.2271310,5126726,89355
45Turkmenistan2.72937.92694103.491836,6438618,12674
175Tuvalu1.0500.0401920.0421923,6381213,807148
18Uganda3.36526.34910288.673896991772,354163
16Ukraine3.373109.32162368.784502,5831338,713118
118United Arab Emirates1.820377.43530686.8313337,2262667,7418
167United Kingdom1.1102,624.52952,914.042939,7352444,11828
179United States1.00019,390.600119,390.600259,501859,50112
157Uruguay1.33858.4157578.1489416,7224922,37163
4Uzbekistan4.64847.88385222.560631,4911526,929128
120Venezuela1.812210.08551380.743476,6848512,114101
34Vietnam2.937220.40846647.369352,3541366,913129
81Yemen2.33816.51111738.5951185511811,287185
52Zambia2.70125.50410468.885991,4801533,996146
108Zimbabwe1.94217.49111433.9591241,1761602,283165
187Australia0.9041,379.548131,246.4751955,7071150,33419
180The Bahamas0.99611.63913111.59615231,2552831,13946
190Denmark0.884324.48436286.7666056,4441049,88321
182Finland0.963253.24444243.9756246,0171744,33327
192Iceland0.73723.90910617.62314970,332651,84216
188Israel0.903350.60932316.4855440,2582236,34038
184Marshall Islands0.9500.1991890.1891903,6251223,439155
185New Zealand0.936201.48552188.6036741,5932138,93433
183Norway0.959396.45729380.0064874,941471,8317
186Palau0.9330.3121880.29118817,0964715,93483
181Sweden0.967538.57523520.9373953,2181251,47517
191Switzerland0.762678.57520517.1724080,591261,42210
189Vanuatu0.8850.8701800.7701843,0941282,739160
69Somalia2.5287.382 14518.659148- ---
Syria--- ---- --
World 1.59179,865 127,044 10,827 17,222