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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

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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

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Data are in millions of international dollars. Only sovereign states with over 500 billion in budget are included.

Rank Country Budget (PPP) GDP (PPP)[5] Govt. Expenditure
as %GDP[6]
1  United States 9,818,534 20,807,269 47.2
2  China 8,761,782 24,162,435 36.2
3  India 2,704,833 8,681,303 31.2
4  Japan 2,519,315 5,236,138 48.1
5  Germany 2,401,598 4,454,498 53.9
6  France 1,863,802 2,954,196 63.1
7  United Kingdom 1,581,438 2,978,564 53.1
8  Russia 1,499,905 4,021,733 37.3
9  Italy 1,442,434 2,415,410 59.4
10  Brazil 1,380,117 3,078,901 44.8
11  Canada 1,036,915 1,808,995 57.3
12  Spain 935,041 1,773,364 52.7
13  Turkey 877,998 2,381,594 36.8
14  Mexico 733,147 2,424,511 30.2
15  Saudi Arabia 626,022 1,608,610 38.9
16  Indonesia 603,152 3,328,288 18.1
17  South Korea 599,032 2,293,475 26.1
18  Australia 581,944 1,307,916 44.5

See also

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Europe:

United States:

References

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  1. ^ a b c "Part 4. Applications and Limitations of ICP Data" (PDF). Archived (PDF) from the original on 6 March 2012. Retrieved 20 May 2014.
  2. ^ PPP Versus the Market: Which Weight Matters? Archived 2018-06-24 at the Wayback Machine, 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}}: CS1 maint: archived copy as title (link)
  4. ^ "Исполнение расходов :: Министерство финансов Российской Федерации". Archived from the original on 2017-05-08. Retrieved 2017-04-22.
  5. ^ "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF. Archived from the original on 8 January 2021. Retrieved 7 January 2021.
  6. ^ "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF. Archived from the original on 9 January 2021. Retrieved 7 January 2021.
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