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May 07, 2012

Adjusted Purchasing Power Parity GDP for leading countries

The University of Pennsylvania World Tables 7.0 are the latest thorough analysis of purchasing power parity. The tables analyzed pricing data from 2009. The World Bank/IMF purchasing power parity numbers were from a comparative survey from 2005. It is generally recognized that the World Bank 2005 numbers had a large error by not properly pricing rural prices. This caused the prices in China to seem higher with an over emphasis on high priced cities like Shanghai.


Country    Penn Table 7 Adjust   Penn 2009 PPP in Billions   Adjusted IMF 2012
US         0                     14000                       15610
China      +28.9%                11682                       15954 
Japan      +0.65%                 4174                        4619
India      +14.1%                 4151                        5055
Germany    +5.5%                  2965                        3332
UK         +7.7%                  2294                        2486
France     +6.4%                  2215                        2401
Russia     +3.7%                  2199                        2604
Italy      +6.8%                  1868                        1960                         
Brazil     -9.8%                  1829                        2180
Mexico     -2.3%                  1433                        1704
S Korea    -5.5%                  1294                        1545
Spain      +5.3%                  1431                        1479
Canada     +5.5%                  1341                        1515
Indonesia  +9.3%                  1053                        1321

IMF Unadjusted Chart

The Penn World Table 7 adjustments has China passing the US for leading PPP GDP in 2012 with 15.954 trillion in China versus the US 15.61 trillion.

India's adjusted 2012 PPP GDP 5.055 trillion.
Japan's adjusted 2012 PPP GDP 4.619 trillion.






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