This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP. Countries are sorted by GDP forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. The data given on this page are based on the international dollar, a standardized unit used by economists. Certain regions that are not widely considered countries such as the European Union and Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. It is however limited when measuring financial flows between countries and when comparing the quality of same goods among countries. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. The first table includes estimates for the year 2020 made for each economy of the 194 countries and areas covered by the International Monetary Fund 's International Financial Statistics database. The data is in millions of international dollars and was calculated and published by the IMF in April 2020. The second table includes data, mostly for the year 2018, for 180 of the 193 current United Nations member states as well as Hong Kong and Macau. Data are in millions of international dollars; they were compiled by the World Bank. The third table is a tabulation of the data update of 2017. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. Non-sovereign entities and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics. The European Union – and its European Single Market, which seeks to guarantee the free movement of goods, capital, services, and labour within its 28 to 27 member states, also involved in international trade negotiations – might also appear in some lists.
Lists
All figures are in current international dollars. style="margin:auto; width:100%;"