In the 2010 Human Development Report a further Inequality-adjusted Human Development Index (IHDI) was introduced. While the simple HDI remains useful, it stated that "the IHDI is the actual level of human development (accounting for inequality)" and that "the HDI can be viewed as an index of “potential” human development (or the maximum IHDI that could be achieved if there were no inequality)".
This article includes three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a state in a given year). The GDP dollar estimates given on this page are derived from purchasing power parity (PPP) calculations.
Using a PPP basis is arguably more useful when comparing generalized differences in total economic output between countries because PPP takes into account the relative costs and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. Economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), however this is taken into account by the price comparison surveys, such as the International Comparison Program, which are used as the basis for PPP calculations. These surveys include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods.
The twenty largest economies by GDP (PPP) in 2012, according to the IMF.
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