List of Countries by GDP (PPP)

GDP is the total market value of all final goods and services produced in a country in a given year. Each country reports its data in its own currency. To compare the data, each country's statistics must be converted into a common currency. Two methods are used for conversion, nominal and purchasing power parity (PPP). In purchasing power parity (PPP) exchange rate — the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. IMF explains, "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".

On the PPP basis, GDP of world in 2014 is estimated at $108 trillion compare to $103 trillion in 2013. GDP of world on ppp basis is 1.40 times more than nominal basis. China is now world's largest economy in terms of purchasing power parity (PPP). Total wealth of china is estimated at 17.6 trillion international dollor. China is closely followed by United States with figure 17.4 trillion. India, which is 9th largest economy in nominal terms, is at third place. Tuvalu is the world's smallest national economy with a GDP (PPP) of approximately $35 million.

21 economies has gdp greater than $1 trillion, 80 has greater than $100 billion and 178 countries has economy greater than $1 billion.

Top Gainers in 2014: At current prices, GDP of world in 2014, is expanded by 4,955 billions international dollor. China is the largest contributor of global GDP growth. GDP of China has increased by $1444 billion in 2014. United States is second largest contributer with $651 billion. With data $592 India is third largest contributer. Indonesia, Germany and United Kingdom fourth, fifth and sixth largest contributer, respectively.

Top Loosers in 2014: At current prices, Out of 188 economies estimated by IMF, GDP of 8 economies has decreased in 2014 compare to 2013. these eight economies are : Libya, Ukraine, Venezuela, Iraq, Timor-Leste, Equatorial Guinea, Serbia and Cyprus.

Changes in rank: Lao P.D.R. is highest gainer in World GDP (PPP) Ranking. Lao P.D.R. has moved 4 position up in ranking. Rank of Turkmenistan, Côte d'Ivoire, and Chad is moved up by number 3. Libya is biggest looser in World GDP (PPP) Ranking as rank of Libya has moved down by 7 position. Ukraine is down by 4 position. Madagascar, Cyprus and Afghanistan is down by number 3.

Continent-wise GDP: Asia : $47.4 trillion (43.89%), Europe : $25.4 trillion (23.57%), North America : $21.8 trillion (20.19%), South America : $6.6 trillion (6.08%), Africa : $5.5 trillion (5.08%) and Oceania : $1.3 trillion (1.19%).

Data from International Monetary Fund: List includes GDP (nominal) of 188 economies in 2013 and 2014. Rank is based on 2014 data.

Data from World bank: list includes GDP (nominal) of 189 economies of 2014.