List of countries by government budget (PPP)

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This article includes a list of countries by their partial forecasted estimated government budgets. The GDP dollar (INT$) data given on this page are derived from purchasing power parity (PPP) calculations.

Comparisons using PPP are arguably more useful than nominal 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.[1] PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index.[1] It is however limited when measuring financial flows between countries.[2] 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.[1]

Estimating budgets

Note: For some federations like Brazil, only the federal budget is shown. For most other countries the total budget is shown. Although Germany is a federation, the statistics for Germany represent total general government spending.[3] Similar to Germany, Russia has a federative structure and a three layer budget system, here the total government spending is shown.[4]

List

Data are in millions of international dollars. Only sovereign states with over $1 trillion in budget are included.

Rank Country Budget (PPP) GDP (PPP)[5] Govt. Expenditure
as %GDP[6]
1  China 7,399,017 23,194,411 31.9
2  United States 7,339,680 19,417,144 37.8
3  India 2,647,515 9,489,302 27.9
4  Japan 2,130,149 5,420,228 39.3
5  Germany 1,819,253 4,134,668 44.0
6  France 1,612,013 2,833,064 56.9
7  Russia 1,433,432 3,938,001 36.4
8  Brazil 1,347,516 3,216,031 41.9
9  United Kingdom 1,255,129 2,905,392 43.2
10  Italy 1,160,766 2,303,108 50.4

See also

Europe:

United States:

References

  1. ^ a b c "Part 4. Applications and Limitations of ICP Data" (PDF). Retrieved 20 May 2014.
  2. ^ PPP Versus the Market: Which Weight Matters?, imf.org, March 2007, Volume 44, Number 1
  3. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2012-01-29. Retrieved 2011-11-19. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  4. ^ http://info.minfin.ru/kons_rash_isp.php
  5. ^ "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF. Retrieved 19 April 2017.
  6. ^ "2017 Index of Economic Freedom". Heritage Foundation. Retrieved 22 April 2017.
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