Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita)
Countries Included: All world countries, economic regions, geographical regions
Years Covered: From 1993 to 2014
Indicators: Over 50 indicators from our database of 1,000 are currently display by Econ Stats
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International
Last Updated: 17th March 2015
Gross Domestic Product is the sum of all transactions (ie all purchases of goods and services) in that country. It is divided up sectorally into agriculture, industry/ manufacturing and services. As economies mature, workers tend to move out of farms into factories, then out of factories into offices. PPP or Purchase Power Parity attempts to compare GDP by the purchasing power of residents, where as the Official Exchange Rate method uses current forex rates to convert all currencies back to US Dollars. Real Growth Rate uses local currency growth. GDP Per Capita is a measure of the relative wealth of the population, and helps us to understand average income levels.
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