http://en.wikipedia.org/wiki/List_of_count...GDP_(PPP),_2006

Purchasing power parity GDP list (sortable) Country 2006 2007 2008 Estimate as of
World 65116.850 69488.631 2005

European Union 13881.051 14518.503 2007
United States 13020.861 13675.129 14384.872 2007
People's Republic of China 9984.062 11206.808 12517.842 2007
India 4158.922 4555.318 4973.329 2007
Japan 4170.513 4346.008 4518.827 2007

Germany 2558.908 2645.102 2738.369 2007
United Kingdom 2121.766 2224.646 2007
France 1934.677 2019.578 2007
Italy 1790.895 1851.965 2007
Russia 1692.337 1812.497 2004

Brazil 1665.434 1758.205 2004
Spain 1214.930 1276.369 2007
Canada 1163.953 1224.923 2004
Mexico 1132.916 1191.674 2004
South Korea 1065.205 1145.396 2004
Indonesia 1055.349 1146.428 2004

GDP is a big pile of bull$hit! PPP is a bigger pile of bull$hit!

PPP rating is a joke. I can't believe Chinese people are so gullable. Eventhough Chinese economy is increasing 9% / year, the average chinese still only make $1200 US/ year. what does that tell you? GDP/ PPP are Bull$hit. The average Chinese are not getting richer. Only foreigners and some elite Chinese are getting wealthier.

I think more then half of you don't know what Purchasing power parity really means. In fact, people from the World Bank or Food Aid organizations look at PPP more so then actual exchange rate per capita GDP when determining aid and support quotas. PPP is useful when measuring the living standards of a nation, perhaps not so much to determine raw war making power as which I think you nationalists here want to know. Personally, I exclusively look at PPP when I'm trying to see "how well" India and China are advancing to support their people.

To further enligthen you all, Japan's PPP is actually LOWER then it's real exchange rate value. This is because of productivity factors and inflationary factors, but to not bore you all living standards are actually lower then what the exchange rate value may tell you. So, to put into the most simplistic form I can explain. That above poster said the average Chinese makes only $1200 US. Ok, well say the average US person could eat 1 meal at McDonald's 240 times, however, a Chinese with the same 1200$ could eat at McDonald's 1680 times. Wait a minute what gives? This is due to price level differences between the US and China. So in reality the Chinese are a lot more richer then what the 1200$ is telling you.

that's bull$hit. Do you know how a chinese person making 1200/year live in China? why don't you go there, see if you can survive 6 months living with 1200/year? I have relatives there, been to their places...I tell ya, $1200/year means you're POOR. You just dont realize it cuz every other person living close to you also living with similar earnings.

So please dont give me that bull$hit about PPP is a great measuring and bringing in people from the World Bank. The "genius" from the world bank are fu-k ups and only looking after themselves. Look what they have done to the african and south american countries in the past.

GDP in exchange rate terms is useful for measuring international influence, but it means nothing when it comes to measuring actual living standards, due to undervalued/overvalued currencies, which is why PPP is far better at measuring living standards. China's true GDP per capita (i.e. in PPP terms) is $7,700 per year.

PPP is a good way of examining how comfortably people live. what you probably aren't getting is that even if given a more 'fair comparison' through PPP, it's still not a lot. it would explain why you think chinese people are poor. they are poor. but if they were REALLY living off of $1200, they would be out hunting fellow humans to eat for dinner.

YOU just don't realize it because apparently you think that someone could live comfortably on $8K a year.

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china's GDP PPP can surpass that of the EU and even the United States. for fu-k's sake, 1.3 billion people live in that country. it's not like they'd be rich or anything even if the whole country is wealthier than than america as a whole. power by numbers...

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however i must say that comparing countries through PPP is rather silly. because it's all estimates and i suppose you could say it would be like comparing money that doesn't really exist. it's useful to compare PPP per capita though.

if china can surpass america in GDP period,t hen i would be a tad more impressed.

If Chinas PPP is currently 9984.062 billion then that means, Chinas economy is currently as powerful as the US economy in 2002. Although Chinas economy is strong I really dont think Chinas economy is anywhere close to the US economy of 2002. PPP seems to be flawed, but im no expert in business.

Can anyone tell me the difference between PPP and GDP nominal? Chinas PPP is almost 8000 but its nominal GDP is under 2000. Im guessing so dont flame me but by the looks of it-

PPP- A Chinese person can buy $8000 worth in big macs from a Chinese mcdonalds.
GDP nominal- A Chinese person can buy only $2000 worth in big macs from a mcdonalds outside of China.

correct? If so then I guess GDP nominal is a much better way to measure economies between 2 countries then PPP.

China is already big so $8,000 in GDP PPP Per Capita can take you a long way, baby, and most likely, the majority of Chinese will not travel outside of China.

yeah that description is basically right; ppp = living standards and nominal = international influence, but high nominal isn't necessarily good.

basically once china reaches critical mass they will have massive international economic clout; they're able to keep up with trade despite having a lower nominal since most economies aren't of course 100% trade based.

I can't believe most Chinese believe in that. They have been fooled by these so called 'economist' whose interest are not for bettering the mainland chinese.

when ppp is way above nominal it means the economy is developing. if china were to revalue their currency immediately it'd cause major economic problems.

having tons of u.s reserves to hold the u.s by its balls is also in china's strategic interests, in case the u.s votes in another assclown like george bush who doesn't know what he's doing.

well say, in SF bay area, if you make 40000 USD/year, you are still poor too. but it's a lot higher than the 2006 reported American average income. $1200/year, for a large part of China, such money will offer you a pretty nice life already. Of course, please don't pick some huge city like Beijing , Shanghai, Guangzhou...etc. In those city, 1200/yr is very poor, coz people are making around $4660/yr in Beijing; and 6795/yr in Shanghai, and $4372/yr in Gangzhou. BTW, I remember China's average income is about $1580/yr. I have been to China for a few times, lived in different areas. I can answer your question for sure, for normal people, it costs you about $131/month for a couple. Include housing, food, tansportations, in most of chinese city. and it cost about about 50-60 USD/month or even less to live in country side.
Dont' guess, if you had never been to China, or you had not yet been to many parts of china.

http://www.todayszaman.com/tz-web/detaylar...amp;link=108918

"IMF: Turkey's per capita GDP to pass $10,000 next year
Turkey's national income per capita will exceed $10,000 for the first time, the International Monetary Fund (IMF) says, adding that gross national income (GNI) at purchasing power parity (PPP) and will exceed $750 billion."

is PPP more accurate then GDP?

anyway yeah china will surpass them,only is they dont strip their environment an ddestroy theyre country first.

but go china

that China stat for 2008 is about .7% underestimated according to leading economists for 2008. It's probably 0.9-1.1% underestimated, imo.

and the U.S figure is overestimated by .3-.5%.

what difference does it make if theyre making 1200 or 1200000000? at least theyre doing something with their lives, unlike you, just sitting in front of a computer 23 hrs a day, lonley, and trolling forums.

I don't think aaaw has ever taken a macroeconomics course before.

Aaaw, just stfu, cuz you do not know what you are saying.

Are you still in highschool? Cuz you sound like t....

both of you are carpet muncher douches seriously. This post is 3 years old.

Average is $3000/yr. 20 years ago is about $200/year. That should tell you that average Chinese is getting richer!
And you sounds like some uneducated AA, always bull $hiting.