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List of countries by GDP (nominal)

List of countries by GDP (nominal)
This article includes a list of countries in the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates. Several economies which are not considered to be countries (world, the EU, and some dependent territories) are included in the lists because they appear in the sources. These economies are not ranked in the charts here, but are listed where applicable. The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

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List of countries by GDP (PPP) Countries by share of world GDP, on a purchasing power parity (PPP) basis. This article includes three lists of countries of the world sorted by their gross domestic product (GDP; the value of all final goods and services produced within a state in a given year). The GDP dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in total economic output between countries because PPP takes into account the relative costs and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. The first table includes data for the year 2013 for 182 of the current 187 International Monetary Fund (IMF) members and Taiwan (the official list uses "Taiwan, Province of China"). Data are in billions of international dollars and were calculated by the IMF.

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Gross domestic product Gross domestic product (GDP) is defined by the Organisation for Economic Co-operation and Development (OECD) as "an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs)."[2] GDP estimates are commonly used to measure the economic performance of a whole country or region, but can also measure the relative contribution of an industry sector. This is possible because GDP is a measure of 'value added' rather than sales; it adds each firm's value added (the value of its output minus the value of goods that are used up in producing it). The more familiar use of GDP estimates is to calculate the growth of the economy from year to year (and recently from quarter to quarter).

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