Actions for Output-Side Real GDP at Chained PPPs from the Penn World Table 10.0 database shown in mil. 2017 US$ Date Type: Year; Country: Bahamas Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

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Output-Side Real GDP at Chained PPPs from the Penn World Table 10.0 database shown in mil. 2017 US$ Date Type: Year; Country: Bahamas Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Corporate Author
Groningen Growth and Development Centre
Published
Thousand Oaks, CA : Sage Publications, Inc. 2025
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Summary
Reports output-based real gross domestic product (GDP) at chained PPPs, obtained by first applying the component growth rates between each pair of consecutive years, t-1 and t (t=1951 to 2017), to the current price component shares in year t-1. Real GDP in the Penn World Table means GDP converted to international dollars using purchasing power parity (PPP) rates. (An international dollar has the same purchasing power over GDP as a US dollar has in the United States in a given base year, here, 2017.) Output-side real GDP allows comparison of productive capacity across countries and over time. The Penn World Table (PWT) provides relative levels of income, output, input, and productivity covering 183 countries for the period 1950-2019. Its expenditure entries are denominated in a common set of prices in a common currency so that real quantity comparisons can be made, both between countries and over time. It also provides information about relative prices within and between countries, as well as demographic data and capital stock estimates. Following the regionalization of the United Nations International Comparison Programme (ICP) beginning with the 1980 benchmark, Robert Summers and Alan Heston at the Center for International Comparisons of Production, Income and Prices (CICUP) at the University of Pennsylvania used ICP benchmark comparisons as a basis for estimating PPPs (purchasing power parities) for non-benchmark countries and extrapolations backward and forward in time. The Penn World Tables are described in Summers and Heston "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988" (Quarterly Journal of Economics, 1991, May, 327-368). The final version of the PWT (7.1) produced at CICUP was released in 2011. After 2012 PWT is being jointly maintained by Robert Feenstra at University of California-Davis, and Marcel Timmer and Robert Inklaar at the University of Groningen, and hosted at the Groningen Growth and Development Centre. PWT 10.0 incorporates four broad categories of changes: (1) the incorporation of new purchasing power parities (PPPs) data for most countries for the years 2011 to 2017; (2) the incorporation of revised and extended National Accounts data, covering the period up to 2019; and, most notably, (3) revisions to the methodology used to estimate employment data, in particular for low and middle-income countries; and (4) a modification to the methodology for estimating investment by asset. With the incorporation of the new 2017 ICP data in PWT 10.0, the reference year is shifted to 2017.
Subject(s)
ISBN
9781544332048 Sage Data CORE
Type of File/Data
Statistical data with bibliographic citation and abstract.
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