It's based on purchasing power parity.

They are, however, using the module for purchasing power parity calculations.

Is it the economy? Well, we have now the fifth largest economy in the world in purchasing power parity terms.

Most Parties that reported belonged to the low income group, with GDP per capita in some cases less than USD 500 (in 1995 prices adjusted for purchasing power parity).

Attempts to convert national incomes into a common denominator are fraught with complications. To take one prominent example, there is a 25 margin of error on purchasing power parity comparisons between GDP in the United States and China.

Its per capita GDP exceeds 22,000 in purchasing power parity terms, making its income higher than that of Argentina, Brazil, and Mexico. It s no surprise that Chile is considered a developed country the only South American member of the OECD.

China is now the world s largest economy (in terms of purchasing power parity), and it has long been the main contributor to global growth. But China s remarkable success has bred its own problems, which should be addressed sooner rather than later.

The European Union will be preoccupied with its own internal integration process. And China, where income per person is one eighth the level of the US (adjusted for purchasing power parity), is simply too poor to become the new hegemony.

According to IMF figures, Greece s never ending crisis has cut per capita GDP (in terms of purchasing power parity) by 10 since 2010, and by 18 since 2007. Indeed, Greece may have dropped out of the high income category in recent years.

SEOUL China already the world s largest exporter, manufacturer, and international reserve asset holder is poised to overtake the United States as the world s largest economy (measured according to purchasing power parity) this year. Now, it is using its growing clout to reshape global economic governance.

Sarkozy, who during his electoral campaign vowed to be the president who delivers on purchasing power, now faces an angry French public whose primary complaint is that purchasing power is being eroded by inflation.

Several Central European countries have achieved per capita GDP levels (measured in terms of purchasing power parity) that place them on the lower rungs of the eurozone s income ladder. Standards of living in the region have improved dramatically even if full convergence with Western Europe is far from achieved.

Recognizing that some frictional poverty will inevitably persist over the next two decades, the World Bank s formal target is to reduce the percentage of people living below the poverty line defined as daily consumption of less than 1.25 (in purchasing power parity terms) per person to less than 3 .

In light of China s rapid economic growth and the renminbi s growing strength, Chinese GDP (based on the market dollar rate) will likely exceed that of the US much earlier than expected, possibly in 10 15 years. And, when measured in terms of purchasing power parity, China s GDP will reach that of the US around 2015, thus changing the world s balance of economic power.

But Japan would close the 30 gap (adjusted for purchasing power parity) between its per capita GDP and that of the US. The prevailing belief was that, by 2015 or so, Japan s per capita GDP would more likely than not be 10 higher than in the US (in PPP terms).

Another, the Multidimensional Poverty Index, uses ten indicators, including nutrition, sanitation, and access to cooking fuel and water. And, by using purchasing power parity, which measures the cost of the same basket of goods and services in different countries, economists can adjust GDP to gain better insight into living standards.

The purchasing power of the population is steadily deteriorating, resulting in successive strikes by civil servants.

Employing many of the same development strategies including export oriented policies and a conglomerate dominated industrial system South Korea has been catching up with Japan for four decades. Its per capita income (in terms of purchasing power parity), just one fifth of Japan s in 1970, amounts to almost 95 of Japan s today.

Despite their shortcomings, income measures are useful in gaining a better understanding of the extent of poverty and vulnerability worldwide. But the World Bank s poverty line of 1.25 per day (in purchasing power parity terms), which is used in measuring progress toward the MDGs poverty reduction target, is not the only relevant threshold.

The OECD countries, on average, use 160 kilograms of oil equivalent energy for every 1,000 of GDP (measured at purchasing power parity). But, in energy efficient Switzerland, energy use is just 100 kg per 1,000 of GDP, and in Demark it is just 110 kg, compared with 190 kg in the US.

As long as China s economy does grow, its military power will likely increase, thus making China appear more dangerous to its neighbors and complicating America s commitments in Asia. A RAND study projects that by 2015, China s military expenditure will be more than six times higher than Japan s, and its accumulated military capital stock will be roughly five times higher (measured at purchasing power parity).

Though reliable data are hard to come by, its GDP (in purchasing power parity terms) was comparable to that of Haiti, Honduras, and Egypt, and some 5 below that of Ghana. Today, Malaysia s income is 7.8 times that of Ghana, more than five times that of Honduras, and more than 2.5 times that of Egypt.

An attempt to open a shop has failed due to the very low purchasing power of local residents.

So if the telephone is a production tool, then we don't quite have to worry about the purchasing power.

The Pacific island countries have been collecting data that will enable them to compute purchasing power parities for consumption.

The continued high prices of food could strain the already low purchasing power of the chronically food insecure population.

The OECD estimates that the global middle class (defined as households with daily expenditures of 10 100 per person, in 2005 purchasing power parity terms) will swell to 4.9 billion people by 2030, from 1.8 billion in 2009. Two thirds are expected to reside in Asia, up from 28 in 2009, with China home to the largest share.

Combined, the TPP economies account for some 40 of world GDP, outstripping the largest existing free trade area, the European Union. Once the TPP enters into effect, its impact on the global economy will undoubtedly be monumental even without the participation of China, which on a purchasing power parity basis is now the world s biggest economy.

The central banks of South Korea, Brazil, Taiwan, Japan, Switzerland, and many other countries are now buying dollars in order to protect their own currencies against revaluation and thus to defend their exports. Europe also became nervous after the euro exchange rate rose to more than 1.40, far beyond the purchasing power parity (PPP) rate of 1.17.

In this regard, another important development is the increasing number of emerging market middle class consumers, their growing purchasing power, and thus their potential impact on global demand. According to one estimate, middle class consumers in a dozen emerging economies today wield annual purchasing power totaling approximately 6.9 trillion.

This strengthens purchasing power and ultimately private consumption. The ECB has fulfilled its mandate for the present and the foreseeable future.

To calculate how much of a latecomer advantage China has after 35 years of unprecedented growth, one needs to look at the gap between its levels of technological and industrial development and those of high income countries. The best way to see this is by comparing its per capita income, adjusted for purchasing power parity (PPP), with those of developed countries.

And last year, according to the IMF, China overtook the United States to become the world s largest economy (in purchasing power parity terms). The acknowledgement by the IMF board, which represents all 188 of the Fund s member countries, that the renminbi meets all existing criteria for inclusion in the SDR basket is another step forward along this path of progress.

Indeed, the last meeting of the International Monetary Fund which recognized China as the world s largest economy by purchasing power parity concluded without increasing China s share of votes. To put this in perspective, China was left with a slightly higher proportion of votes than Italy, whose economy is one fifth the size, and just one quarter of America s vote share.

Back then, the G 7 dominated global economic policymaking today, China is the world s largest economy (in purchasing power parity terms), with savings some 50 larger than that of the US. In 2002, Western financial institutions were thought to be wizards at managing risk and allocating capital today, we see that they are wizards at market manipulation and other deceptive practices.

The region s success has been underpinned by dynamic growth in China and India, which account for almost 60 of the continent s total GDP in purchasing power parity terms. Furthermore, economic policy changes and structural reforms that were enacted in the wake of the 1997 1998 Asian financial crisis significantly reduced the region s vulnerability to financial shocks over the past decade.

Nearly 12 years ago, Jim O Neill, then the chief economist for Goldman Sachs, coined the term BRIC to describe the emerging markets of Brazil, Russia, India, and China. From 2000 to 2008, these four countries share of global output rose rapidly, from 16 to 22 (in purchasing power parity terms), and their economies performed better than average in the subsequent global recession.

There are smart ways to buy them and to aggregate that purchasing power to bring very efficient vehicles into the market faster.

The scale methodology should be sufficiently flexible to accommodate future economic trends, thereby reflecting Member States' purchasing power at any given moment.

A similar parity characterized the Bush Putin era. Unlike America, however, Russia s people have not yet understood the price of arrogant power run amuck.

Four regions have held at least two data review workshops with participating countries to examine purchasing power parities at the basic heading level.

b. Increasing the UMR (regional minimum wage) which had also succeeded in improving the purchasing power of workers and strengthening the domestic market

Gender parity in primary and secondary education should be on track for full parity by 2009.

After all, China has been the world s most populous country since it became a unified state more than 2,000 years ago, so it makes sense that it would also be the world s largest economy. And, indeed, the evidence suggests that China was larger (in terms of purchasing power parity) than any other economy in the world until around 1889, when the US eclipsed it.

The scale of the global change can be seen when purchasing power parity (PPP) a measure of the total amount of goods and services that a dollar can buy in each country is taken into account. According to the figures for 2011, released last year, India is now the world s third largest economy in terms of PPP adjusted GDP, ahead of Germany and Japan.