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Latin America and Caribbean Compared by Economy > GDP > Purchasing power parity

DEFINITION: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Brazil $2.33 trillion 2012
2 Mexico $1.80 trillion 2012
3 Argentina $735.10 billion 2012
4 Colombia $497.30 billion 2012
5 Venezuela $397.90 billion 2012
6 Peru $322.90 billion 2012
7 Chile $316.90 billion 2012
8 Ecuador $149.50 billion 2012
9 Cuba $121.00 billion 2012
10 Dominican Republic $97.68 billion 2012
11 Guatemala $77.84 billion 2012
12 Costa Rica $58.55 billion 2012
13 Panama $56.46 billion 2012
14 Bolivia $54.60 billion 2012
15 Uruguay $53.63 billion 2012
16 El Salvador $46.09 billion 2012
17 Paraguay $40.43 billion 2012
18 Honduras $37.64 billion 2012
19 Nicaragua $26.38 billion 2012
20 Trinidad and Tobago $26.35 billion 2012
21 Jamaica $24.69 billion 2012
22 Haiti $12.80 billion 2012
23 The Bahamas $11.04 billion 2012
24 Barbados $6.96 billion 2012
25 Suriname $6.71 billion 2012
26 Guyana $6.17 billion 2012
27 Bermuda $5.60 billion 2011
28 Belize $2.97 billion 2012
29 Aruba $2.52 billion 2009
30 Cayman Islands $2.25 billion 2008
31 Saint Lucia $2.18 billion 2012
32 Antigua and Barbuda $1.56 billion 2012
33 Grenada $1.43 billion 2012
34 Saint Vincent and the Grenadines $1.29 billion 2012
35 Dominica $990.00 million 2012
36 Saint Kitts and Nevis $921.00 million 2012

Citation

"Countries Compared by Economy > GDP > Purchasing power parity. International Statistics at NationMaster.com", CIA World Factbooks 18 December 2003 to 28 March 2011. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Latin-America-and-Caribbean/Economy/GDP/Purchasing-power-parity

Latin America and Caribbean Compared by Economy > GDP > Purchasing power parity

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Interesting observations about Economy > GDP > Purchasing power parity

  • United States has had the highest GDP > purchasing power parity since 2008.
  • 2 of the top 3 countries by GDP > purchasing power parity are Cold countries'.
  • European Union has ranked in the top 2 for GDP > purchasing power parity since 2005.
  • China has ranked in the top 3 for GDP > purchasing power parity since 2005.
  • Japan has ranked in the top 4 for GDP > purchasing power parity since 2005.
  • India has ranked in the top 5 for GDP > purchasing power parity since 2005.
  • Germany has ranked in the top 6 for GDP > purchasing power parity since 2005.
  • United Kingdom has ranked in the top 8 for GDP > purchasing power parity since 2005.
  • Russia has ranked in the top 7 for GDP > purchasing power parity since 2008.
  • France has ranked in the top 10 for GDP > purchasing power parity since 2005.
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