These are lists of regions and countries sorted by their
estimated realgross domestic product (GDP)
in terms of purchasing power parity (PPP), the value of
all final goods and services produced within a country/region in a given year.
GDP dollar (international dollar) estimates here are
derived from PPP estimates.
Maddison' assumptions have been criticized and admired by
academics and journalists. Bryan Haig, who has characterized Maddison's figures
for 19th century Australia as "inaccurate and irrelevant"[1],
by John Caldwell, in whose assessment Maddison's arguments have a
"dangerous circularity"[2],
by W.
W. Rostow, according to whom, "This excessive macroeconomic bias also
causes him (Maddison) to mis-date, in my view, the beginning of what he calls
the capitalist era at 1820 rather than, say, the mid-1780s[3],
and by W. J. MacPherson who has described Maddison's work on India and Pakistan
of using "dubious comparative data."[4]
Economist and JournalistEvan Davis has praised Maddison's research
by citing it as a "fantastic publication" and that it was "based
on the detailed scholarship of the world expert on historical economic data
Angus Maddison." He also added that "One shouldn't read the book in
the belief the statistics are accurate to 12 decimal places."[5]