World Comparison Real Gross Domestic Product and Purchasing Power


SUMMARY OF 1985 RESULTS

The detailed results of the 1985 world comparisons are contained in section IV of this report. The data shown in table A and in table B are confined to summary results for countries and areas participating in the International Comparison Programme in 1981 The seems covered for each are the following: (1) country/area name; (2) name of national currency; (3) size of population; (4) total GDP in national currency; (5) per capita GDP in United States dollars at international prices; (6) per capita GDP in percentages of the United States per capita level; (7) purchasing power parity (PPP) of the national currency; (8) exchange rate of the national currency per United States dollar; and (9) national price level in percentages of the United States price level.

The first three column headings of table A and table B are self-explanatory; they simply provide for essential reference information. Column 4 shows basic input data as submitted by the participating countries: the total GDP of each country expressed in its national currency. The remaining five columns contain the ICP results proper. While columns 5 and 6 refer to the quantity comparisons of countries by indicating their real-term GDP estimates, columns 7 through 9 list information relevant to the price comparisons. The price level of a country in column 9 is defined with a view to the relationship of its PPP to its exchange rate, by dividing the former by the latter (then multiplied by 100). In the case of the United States, which is used as the numeraire country, these results in a price level taken as 100, and the price levels of all other countries are expressed in terms of this magnitude.

Table A and table B contain the information enumerated above in two renderings. First, Table A shows all 64 participating countries by continent (Africa, Asia, Europe, Canada and the United States, Oceania and the Caribbean). Second, table B displays the same information I descending order according to the per capita GDP in United States dollars at international prices, covering 56 countries for which global results were generated. In this table the countries are listed according to four groupings by levels of their per capita GDP.

One of the key findings from table A and table B is the difference between exchange rates and PPPs for countries. There are always differences between the exchange rate of a currency and its purchasing power, though the magnitude of this difference varies from country to country. Naturally, GDP expenditures converted to a common currency using exchange rates or PPPs will produce two different sets of results. Expenditures converted by exchange rates reflect not only differences in the quantities purchased in the different countries, but also differences in price levels between countries. Therefore, exchange rates are not appropriate tools for international comparisons of volume. Generally, it is thought that exchange rates are most relevant to certain types of analysis, e.g. to those components of the GDP which are subject to international trade; however, many items of services, as well as much of construction, are not in this category.

If the quantities of GDP of different countries have to be compared, PPP-based studies are preferable to exchange rate-based calculations, so that real-term GDP comparisons of countries can be estimated. The PPPs are estimated on the basis of numerous detailed price comparisons, carried out in terms of closely specified items and common expenditure categories. PPPs are currency conversion rates which eliminate the differences in price levels between countries. Thus, the PPP converted expenditures on GDP are expressed at the same set of international prices so that comparisons between countries reflect only differences in the volume of goods and services.

For 1985, ICP world comparisons of per capita real GDP are available for 56 countries. Internationally comparable results for Nepal are presented under section III in the regional context. Numerical data of the seven Caribbean countries, covered in a regional exercise, are not included in this report for reasons explained in sections III B and IV B.

The world comparison results for 1985, included in table B, show that the 56 countries examined form four groupings according to the level of their per capita real GDP estimates: high-, middle-, lower-middle- and low level groups.

In countries with high per capita level of GDP in real terms, this indicator exceeds 10,000 dollars per head of the population. In other words, these 18 ICP countries in 1985 attained more than 60 per cent of the per capita GDP level in the United States. They were concentrated in three geographic areas, namely: Western Europe (12 countries); Asia and the Pacific (four countries); and North America (two countries). The 12 European ICP countries in this uppermost grouping were the following: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom. The four ICP countries belonging to this grouping in 1985 in Asia and the Pacific were Australia, Hong Kong, Japan and New Zealand, and it also included two North American countries, Canada and the United States. While the combined population of these 18 countries amounts to 29 per cent of the tool population of the 56 countries covered in the global programme, they generated 77 per cent of the total GDP of these 56 counties.

In the middle-level group of countries, the real GDP per capita remains below $10,000, but is higher than $3,000. This group of countries in the 1985 ICP included twelve countries; among them were eight European countries, two Asian countries, and two African countries, all of which fall between 20 and 50 per cent of the United States per capita GDP level. The European countries were Greece, Hungary, Ireland, Poland, Portugal, Spain, Turkey and Yugoslavia. The two Asian countries in this group were Iran (Islamic Republic of) and the Republic of Korea, while the two African countries were Mauritius and Tunisia.

The third grouping of 11 countries is defined here as having a lower-middle level of per capita real GDP, representing a range from $1,500 to $3,000, or 10 to 20 per cent of the per capita United States GDP in 1985. All countries in this group were from Africa (eight countries) and Asia (three countries). The African countries were the following: Botswana, Cameroon, Congo, Egypt, Cote d'lvoire, Morocco, Swaziland and Zimbabwe. The three Asian countries in this group were the Philippines, Sri Lanka and Thailand.

Fifteen countries, all of them in Africa (12 countries) and Asia (three countries), were found to have a low real GDP per capita level that corresponds to less than $1,500 of real GDP per capita, remaining below 10 per cent of the respective United States data. The twelve African countries were Benin, Ethiopia, Kenya, Madagascar, Malawi, Mali, Nigeria, Rwanda, Senegal, Sierra Leone, the United Republic of Tanzania and Zambia. The three Asian countries in this group were Bangladesh, India and Pakistan. It should be mentioned that within this grouping the per capita GDP in seven of the African and two of the Asian countries was less than (or equal to) 5 per cent of the United States level. While countries in this group represent half of the total population of the 56 ICP countries, their combined real GDP accounts for only 8 per cent of the total.

In summary, countries from different geographical areas are unevenly distributed according to their real GDP per capita levels, as shown in table C. In addition, the variation within geographical areas is quite significant. In respect to this matter, further information on selected iesults of 1985 comparisons within regions can be found in section III of the present report. It should be noted that ICP regions may not always correspond to geographical areas.

Overall, in reference year 1985, the 56 countries covered in the global results of the International Comparison Programme had a total of approximately 2,382 million inhabitants, that is, close to half of the world population. Table D presents the share of the individual countries in terms of their population, area and real GDP in the total of 56 countries covered by the 1985 global ICP exercise. Countries in table D are arranged in descending order of their population.

TABLE A. GROSS DOMESTIC PRODUCT IN NATIONAL CURRENCY AND IN US DOLLARS AT INTERNATIONAL PRICES, POPULATION AND PRICE LEVELS, 1985
Country or area
(1)
Currency
(2)
Resident population (millions)
(3)
Total GDP In national currency (millions)
(4)
Per capita GDP
Purchasing power parity (PPP) (per US dollar)
(7)
Exchange rate (per US dollar)
(8)
Price level US=100(9)
US dollars at international prices(5)
With US=100
(6)

Africa

               
 

Benin

CFA francs

3.930

499848

1 333

8.1

95.45

449.26

21.2

 

Botswana

Pula

1.090

1 692

2671

16.2

0.5813

1.90

30.6

 

Cameroon

CFA francs

10.190

4528000

2724

16.5

163.1

449.26

36.3

 

Cote d'lvoire

CFA francs

9.810

3 137592

1710

10.4

187.1

449.26

41.6

 

Congo

CFA francs

1740

970850

2559

15.5

218.1

449.26

48.5

 

Egypt

Pounds

48.500

38320

2794

16.9

0.2828

0.70

40.4

 

Ethiopia

Birr

43.350

9881

301

1.8

0.7562

2.07

36.5

 

Kenya

Shillings

20.330

98285

995

6.0

4.859

16.43

29.6

 

Madagascar

Francs

9.980

1553400

631

3.8

246.7

662.48

37.2

 

Malawi

Kwacha

7.060

2020

630

3.8

0.4544

1.72

26.4

 

Mali

CFA francs

8.210

518521

365

2.2

173.2

449.26

38.5

 

Mauritius

Rupees

0.990

16265

5886

35.7

2.7913

15.44

18.1

 

Morocco

Dirhams

21.940

119658

2371

14.4

2.300

1106

219

 

Nigeria

Naira

95.220

80309

980

5.9

0.8603

019

917

 

Rwanda

Francs

6.070

151 746

676

4.1

36.98

101.26

36.5

 

Senegal

CFA francs

6.440

1 186900

1 334

8.1

138.2

449.26

30.8

 

Sierra Leone

Leones

3.600

4413

630

3.8

1.9467

5.09

38.2

 

Swaziland

Emalangeni

0.650

747

2344

14.2

0.4904

2.22

22.1

 

Tunisia

Dinars

7.260

6860

3446

20.9

0.2742

0.83

33.0

 

United Rep. Tanzania

Schillings

21.730

111831

418

2.5

12.31

17.47

70.5

 

Zambia

Kwacha

6.670

6333

938

5.7

1.0120

3.14

32.2

 

Zimbabwe

Dollars

8.380

8099

1684

10.2

0.5739

1.61

35.6

Asia

               
 

Bangladesh

Taka

98.660

497542

830

5.0

6.075

31.0

19.6

 

Hong Kong

Dollars

5.460

260752

10204

61.9

4.680

7.791

60.1

 

India

Rupees

755.000

2640990

749

4.5

4.667

12.37

37.7

 

Iran (Islamic Rep. of)

Rials

47.820

15275716

4619

28.0

69.16

87.967

78.6

 

Japan

Yen

120.754

316114000

11795

71.5

221.9

236.61622

93.8

 

Korea

Won

41.210

75348652

3979

24.1

459.5

870.027

52.8

 

Nepala a

Rupees

16.690

       

18.247

 
 

Pakistan

Rupees

97.670

492940

1342

8.1

3.761

15.928

23.6

 

Philippines

Pesos

54.670

616658

1 791

10.9

6.297

18.738

33.6

 

Sri Lanka

Rupees

15.840

155092

1 852

11.2

5.288

27.16

19.5

 

Thailand

Bhat

51.300

1096486

2641

16.0

8.094

27.13

29.8

Europe

               
 

Austria

Schillings

7.555

1366640

10895

66.1

16.60

20.49934

81.0

 

Belgium

Francs

9.858

4695382

10671

64.7

44.63

58.85769

75.8

 

Denmark

Kroner

5.114

612869

12234

74.2

9.796

10.5083

93.2

 

Finland

Markkaa

4.901

335394

11464

69.5

5.970

6.15161

97.0

 

France

Francs

55.173

4585338

11434

69.3

7.269

8.90463

81.6

 

Germany

D.Mark

61.024

1 839910

12 169

73.8

2.478

2.91751

84.9

 

Greece

Drachmas

9.989

4527 150

5861

35.5

77.33

138.56724

55.8

 

Hungary

Forint

10.649

945 462

5 140

31.2

17.27

49.6494

34.8

 

Ireland

Pounds

3.540

17254

6740

40.9

0.7231

0.9372

77.2

 

Italy

Lire

57.141

805754000

10827

65.6

1302.0

1897.54

68.6

 

Luxembourg

Francs

0.366

211 786

13416

81.3

43.13

58.85769

73.3

 

Netherlands

Guilders

14.488

415061

11256

68.2

2.545

3.29059

77.4

 

Norway

Kronor

4.148

497835

13913

84.4

8.626

8.53249

101.1

 

Poland

Zlotys

37.203

10462078

4039

24.5

69.62

145.8323

47.7

 

Portugal

Escudos

9.648

3557800

5568

33.8

66.23

170.68936

38.8

 

Spain

Pesetas

38.602

27929695

7589

46.0

95.34

1691&38

513

 

Sweden

Kronor

8.350

862522

12679

76.9

8.147

8.54597

95.3

 

Turkey

Liras

49.870

27509 100

3599

21.8

153.30

521.983

29.4

 

United Kingdom

Pounds

56.618

350450

10905

66.1

0.5676

0.77183

73.5

 

Yugoslavia

New Dinars

22.361

12305 121

4810

29.2

114.40

272.31323

42.0

Canada and United States

               
 

Canada

Dollars

25.379

472498

15258

92.5

1.220

1.36556

89.4

 

United States

Dollars

239.283

3946615

16494

100.0

1.00

1.00

100.0

Oceania

               
 

Australia

Dollars

15.752

228161

11 723

71.1

1.236

1.43113

86.3

 

New Zealand

Dollars

3.254

44255

10047

60.9

1.354

2.00189

67.6

Caribbean

               
 

Bahamasb b

Dollars

0.232

1 880

     

1.00

 
 

Barbado b

Dollars

0.253

2410

     

2.011

 
 

Grenadab b

Dollars

0.096

311

     

2.70

 
 

Jamaicab b

Dollars

2.311

11 151

     

5.48

 
 

St. Luciab b

Dollars

0.137

504

     

2.70

 
 

Surinameb b

Guilders

0.375

1 741

     

1.785

 
 

Trinidad and Tobagob b

Dollars

1.178

18077

     

3.60

 

a Only regional comparison results available. For additional data on Nepal, see table F.
b numerical data of the seven Caribbean countries covered in a regional exercise for 1%5 am not included in this report; for relevant regional data, see the study listed in the references.

TABLE B. GROSS DOMESTIC PRODUCT IN NATIONAL CURRENCY AND IN US DOLLARS AT INTERNATIONAL PRICES, POPULATION AND PRICE LEVELS, 1985
(Countries arranged in descending order of magnitude of per capita GDP in US dollars)
Country or area
(1)
Currency
(2)
Resident population (millions)
(3)
Total GDP In national currency (millions)
(4)
Per capita GDP
Purchasing power parity (PPP) (per US dollar)
(7)
Exchange rate (per US dollar)
(8)
Price level US=100(9)
US dollars at international prices(5)
With US=100
(6)

United States

Dollars

239.283

3946615

16494

100.0

1.00

1.00

100.0

Canada

Dollars

25.379

472498

15258

915

1.22

1.36556

89.4

Norway

Kronor

4.148

497835

13913

84.4

8.626

8.53249

101.1

Luxembourg

Francs

0.366

211 786

13416

81.3

43.13

58.85769

73.3

Sweden

Kronor

8.350

862522

12679

719

8.147

8.54597

95.3

Denmark

Kroner

5.114

612869

12234

74.2

9.796

10.5083

93.2

Germany

D.Mark

61.024

1 839910

12 169

73.8

2.478

2.91751

84.9

Japan

Yen

120.754

316114000

11795

71.5

221.9

236.61622

93.8

Australia

Dollars

15.752

228161

11723

71.1

1.236

1.43113

86.3

Finland

Markkaa

4.901

335394

11464

69.5

5.97

6.15161

97.0

France

Francs

55.173

4585338

11434

69.3

7.269

8.90463

81.6

Netherlands

Guilders

14.488

415061

11256

68.2

2.545

3.29059

77.4

United Kingdom

Pounds

56.618

350450

10905

66.1

0.5676

0.77183

73.5

Austria

Schillings

7.555

1366640

10895

66.1

16.6

20.49934

81.0

Italy

Lire

57.141

805754000

10827

65.6

1302.0

1897.54

68.6

Belgium

Francs

9.858

4695382

10671

64.7

44.63

58.85769

75.8

Hong Kong

Dollars

5.460

260752

10204

61.9

4.680

7.791

60.1

New Zealand

Dollars

3.254

44255

10047

60.9

1.354

2.00189

67.6

Spain

Pesetas

38.602

27929695

7589

46.0

95.34

169.26488

56.3

Ireland

Pounds

3.540

17254

6740

40.9

0.7231

0.9372

77.2

Mauritius

Rupees

0.990

16265

5886

35.7

2.7913

15.44

18.1

Greece

Drachmas

9.989

4527150

5861

35.5

77.33

138.56724

55.8

Portugal

Escudos

9.648

3557800

5568

33.8

66.23

170.68936

38.8

Hungary

Forint

10.649

945462

5 140

31.2

17.27

49.6494

34.8

Yugoslavia

New Dinars

22.361

12305 121

4 810

29.2

114.4

272.31323

42.0

Iran (Islamic Rep

Rials

47.820

15275716

4619

28.0

69.16

87.967

78.6

Poland

Zlotys

37.203

10462078

4039

24.5

69.62

145.8323

47.7

Korea

Won

41.210

75348652

3979

24.1

459.5

870.027

52.8

Turkey

Liras

49.870

27509100

3599

21.8

153.3

521.983

29.4

Tunisia

Dinars

7.260

6860

3446

20.9

0.2742

0.83

33.0

Egypt

Pounds

48.500

38320

2794

16.9

0.2828

0.70

40.4

Cameroon

CFA francs

10.190

4528000

2724

16.5

163.1

449.26

36.3

Botswana

Pula

1.090

1692

2671

16.2

0.5813

1.90

30.6

Thailand

Bhat

51.300

1096486

2 641

16.0

8.094

27.13

29.8

Congo

CFA francs

1.740

970850

2559

15.5

218.1

449.26

48.5

Morocco

Dirhams

21.940

119658

2371

14.4

2.3

10.06

22.9

Swaziland

Emalangeni

0.650

747

2344

14.2

0.4904

212

211

Sri Lanka

Rupees

15.840

155092

1 852

11.2

5.288

27.16

19.5

Philippines

Pesos

54.670

616658

1 791

10.9

6.297

18.738

33.6

Cote d'lvoire

CFA francs

9.810

3 137592

1 710

10.4

187.1

449.26

41.6

Zimbabwe

Dollars

8.380

8099

1684

10.2

0.5739

1.61

35.6

Pakistan

Rupees

97.670

492940

1342

8.1

3.761

15.928

23.6

Senegal

CFA francs

6.440

1 186900

1334

8.1

138.2

449.26

30.8

Benin

CFA francs

3.930

499848

1 333

8.1

95.45

449.26

21.2

Kenya

Shillings

20.330

98285

995

6.0

4.859

16.43

29.6

Nigeria

Naira

95.220

80309

980

5.9

0.8603

0.89

96.7

Zambia

Kwacha

6.670

6333

938

5.7

1.012

3.14

32.2

Bangladesh

Taka

98.660

497542

830

5.0

6.075

31.0

19.6

India

Rupees

755.000

2640990

749

4.5

4.667

12.37

37.7

Rwanda

Francs

6.070

151746

676

4.1

36.98

101.26

36.5

Madagascar

Francs

9.980

1 553400

631

3.8

246.7

662.48

37.2

Malawi

Kwacha

7.060

2020

630

3.8

0.4544

1.72

26.4

Sierra Leone

Leones

3.600

4413

630

3.8

1.9467

5.09

38.2

United Rep. Tanzania

Shillings

21.730

111831

418

2.5

12.31

17.47

70.5

Mali

CFA francs

8.210

518521

365

2.2

173.2

449.26

38.5

Ethiopia

Birr

43.350

9881

301

1.8

0.7562

2.07

36.5

TABLE C. NUMBER OF COUNTRIES FROM DIFFERENT CONTINENTS IN EACH GROUPING ACCORDING TO THEIR REAL GDP PER CAPITA LEVELS in 1985

Country GDP p.c. groupings

North America

Europe

Africa

Asia

High

2

12

-

4

Middle

-

8

2

2

Lower-middle

-

-

8

3

Low

-

-

12

3

TABLE D. SHARE OF COUNTRIES ACCORDING TO BASIC INDICATORS, 1985
(Total of 56 countries = 100)

Country or area

Population
(1)
Area
(2)
Real GDP
(3)

Australia

0.661

15.388

1.528

Austria

0.317

0.168

0.681

Bangladesh

4.143

0.288

0.678

Belgium

0.414

0.061

0.870

Benin

0.165

0.225

0.043

Botswana

0.046

1.165

0.024

Cameroon

0.428

0.952

0.230

Canada

1.065

19.971

3.204

Congo

0.073

0.685

0.037

Cote d'lvoire

0.412

0.646

0.139

Denmark

0.215

0.086

0.518

Egypt

2.036

2.005

1.121

Ethiopia

1.820

2.446

0.108

Finland

0.206

0.675

0.465

France

2.316

1.095

5.219

Germany

2.563

0.498

6.143

Greece

0.419

0.264

0.484

Hong Kong

0.229

0.002

0.461

Hungary

0.447

0.186

0.453

India

31.697

6.581

4.681

Iran (Islamic Rep. of)

2.008

3.299

1.827

Poland

1.562

0.626

1.243

Portugal

0.405

0.184

0.444

Rwanda

0.255

0.053

0.034

Senegal

0.270

0.393

0.071

Sierra Leone

0.151

0.144

0.019

Spain

1.621

1.011

2.424

Sri Lanka

0.665

0.131

0.243

Swaziland

0.027

0.035

0.013

Sweden

0.351

0.901

0.876

Thailand

2.154

1.029

1.121

Turkey

2.094

1.563

1.485

United Kingdom

2.378

0.489

5.108

United Rep. Tanzania

0.912

1.892

0.075

United States

10.046

18.763

32.649

Yugoslavia

0.939

0.512

0.890

Zambia

0.280

1.507

0.052

Zimbabwe

0.352

0.782

0.117

Total of 56 countries

100.000

100.000

100.000


United Nations Statistics Division - International Comparison Programme