Actions for Price Level of GDP, G-K method from the Penn World Table 7.1 database shown in US=100 Date Type: Year; Country: Peru Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Email RIS file
Bookmark
Report an Issue

Price Level of GDP, G-K method from the Penn World Table 7.1 database shown in US=100 Date Type: Year; Country: Peru Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Corporate Author
Center for International Comparisons of Production, Income and Prices
Published
Thousand Oaks, CA : Sage Publications, Inc. 2025
Access Online

Availability

I Want It
I Want It

Finding items...

Summary
Price level of gross domestic product (GDP) is the purchasing power parity (PPP) over GDP divided by the exchange rate times 100. The PPP of GDP is the national currency value divided by the real value in international dollars. (An international dollar [also known as the Geary-Khamis dollar] has the same purchasing power over GDP as a US dollar has in the United States in a given base year, here, 2005.) The PPP and the exchange rate are both expressed as national currency units per US dollar. The value of the price level for the US is made equal to 100. Current price figures show data where the value for each item is expressed in terms of the prices in that period. The Penn World Table (PWT) displays a set of national accounts economic time series covering many countries. 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. Since 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 at the University of Pennsylvania have been using 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, May 1991, 327-368). The current version of Penn World Tables, PWT 7.1, was prepared by Heston, Summers, and Bettina Akens, and was released in June 2011. V7.1 provides purchasing power parity and national income accounts converted to international prices for 189 countries and territories, 1950-2010, with 2005 as reference year. Major differences between PWT 7.0-7.1 and prior versions include use of the World Bank International Comparison Program data, the 146-country benchmark ICP detailed price comparisons. Other changes include (1) use of actual household consumption vs household consumption expenditures; also, government expenditures on education and health are included in actual but not household consumption, meaning that government expenditures are current expenditures on collective consumption; and (2) domestic Absorption and Gross Domestic Product is provided in each year as one measure. Estimates for non-benchmark countries are derived in a way similar to earlier versions.
Subject(s)
ISBN
9781544332048 Sage Data CORE
Type of File/Data
Statistical data with bibliographic citation and abstract.
View MARC record | catkey: 47398478