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.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.