Russian Economy almost the same size like Germany according to Worldbank

[senheiser]

http://databank.worldbank.org/databank/download/GDP_PPP.pdf

Gross domestic product 2011, PPP
(millions of Ranking Economy international dollars)
1 United States 15,094,000
2 China 11,347,459
3 India 4,530,861
4 Japan 4,381,290
5 Germany 3,221,135
6 Russian Federation 3,031,377
7 Brazil 2,304,646
8 France 2,302,946
9 United Kingdom 2,287,072
10 Italy 1,979,219

 

[AtillaHun]

its measured by nominal figures which makes russian economy 1.8 trillion.

 

[senheiser]

its measured by nominal figures which makes russian economy 1.8 trillion.

you can use both and should

 

[vK_man]

http://databank.worldbank.org/databank/download/GDP_PPP.pdf

Gross domestic product 2011, PPP
(millions of Ranking Economy international dollars)
1 United States 15,094,000
2 China 11,347,459
3 India 4,530,861
4 Japan 4,381,290
5 Germany 3,221,135
6 Russian Federation 3,031,377
7 Brazil 2,304,646
8 France 2,302,946
9 United Kingdom 2,287,072
10 Italy 1,979,219

Purchasing power parity...

The US figure is overinflated due to financial activities.Real GDP is something like 8 trillion$.And the USA is in depression.

 

[trinity]

Purchasing power parity...

The US figure is overinflated due to financial activities.Real GDP is something like 8 trillion$.And the USA is in depression.

Are you in Finance?

 

[Chinese-Dragon]

According to the IMF... GDP (PPP) should not be used for international comparisons.

"The IMF considers that GDP in purchase-power-parity (PPP) terms is NOT the most appropriate measure for comparing the relative size of countries to the global economy, because PPP price levels are influenced by non-traded services, which are more relevant domestically than globally," the IMF said.

"The Fund believes that GDP at market rates is a more relevant comparison."

edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html

The correct one to use for international comparisons is Nominal GDP.

 

[vK_man]

Are you in Finance?

Well ,I am into finance,risk management,oil trading.But I do periodically make geopolitical reports for my company,which is why I keep eye on socio economic indicators.And the USA is in very bad shape .By 2013-14,the full picture will become clear.

 

[JohnyD]

I don’t buy the theory of PPP as inflation is always way too high where PPP is high which does not reflect accurately while calculating the PPP....nominal should be the base for any comparison..

 

[Banglar Lathial]

Bogus figures from so called WB. It's based in Washington, so it should be called Washington Bank instead. They also show Turkish GDP as higher than Indonesian GDP, which is ridiculous, because Indonesia has long since surpassed Turkish GDP based on PPP, and the gap has widened in all these years. Similarly, there are many other 'gaps' in this list. They employ some hapless American illiterate, probably ask them to pick random positive or negative numbers and add to some 'baseline' figure for the GDP of every country that they had gleaned from multiple other sources. If you follow the annual GDP progressions of each economies, you would find many discrepancies specially once you go below the top 10 in the rank.

The summary of this post is: WB=Washington Bank=Bogus like most Western institutions.

 

[zzzz]

According to the IMF... GDP (PPP) should not be used for international comparisons.



edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html

The correct one to use for international comparisons is Nominal GDP.

You dont even slightly understand the meaning of that quote. And keep reposting it in various threads.

 

[Chinese-Dragon]

You dont even slightly understand the meaning of that quote. And keep reposting it in various threads.

The quote from the IMF is 100% self-explanatory. There is nothing to misunderstand, PPP should not used for comparing national economies.

 

[zzzz]

The quote from the IMF is 100% self-explanatory. There is nothing to misunderstand, PPP should not used for comparing national economies.

Of course its self explanatory. And you still not able to grasp the meaning of it. Nothing in this quote says that PPP should not be used for comparing national economies. On contrary this quote explains why PPP should be used to compare national economies.

 

[Chinese-Dragon]

On contrary this quote explains why PPP should be used to compare national economies.

Apparently you can't read.

Here, read it again:

"The IMF considers that GDP in purchase-power-parity (PPP) terms is NOT the most appropriate measure for comparing the relative size of countries to the global economy, because PPP price levels are influenced by non-traded services, which are more relevant domestically than globally," the IMF said.

"The Fund believes that GDP at market rates is a more relevant comparison."

edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html

 

[zzzz]

Apparently you can't read.

Why are you reposting the same thing? The quote explains why PPP should be used to compare national economies. I already said that you dont even slightly understand the meanining of what you are posting.

 

[Jade]

According to the IMF... GDP (PPP) should not be used for international comparisons.



edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html

The correct one to use for international comparisons is Nominal GDP.

The same article further adds

"Purchasing power parity is not a perfect measure. None exists. But it measures the output of economies in terms of real goods and services, not just paper money. That's why it's widely used to compare economies. The IMF publishes PPP data. So does the Organisation for Economic Co-operation and Development (OECD). Many economists rely on them," he said.

PPP is about the real goods and services produced
Nominal GDP is all about Paper money.

Who care about the paper money?