Why does Australia say that it has a $1.1 trillion dollar economy when the CIA world factbook say that it is?

Posted on September 28, 2009 by admin

$674.6 billion? I understand that it would be in US dollars, but $1.1 trillion AU in US dollars is $907.448 billion USD? Also, it says that it is US$822.1 billion on wikipedia. Why so many different numbers?

The CIA uses PPP or purchasing power parity, which evaluates GDP in terms of what it can buy domestically. Using the official exchange rate gives a different number and with the recent fall of the dollar that number can vary from day to day.

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3 Responses to Why does Australia say that it has a $1.1 trillion dollar economy when the CIA world factbook say that it is?

  1. paplo says:
    September 28, 2009 at 11:16 am

    why do u care so much??..u wanna rob them?
    References :

  2. LIGER20498 says:
    September 28, 2009 at 11:26 am

    Don’t get bchy over this. Just calm down, think rationally, and the answer will come to you.
    References :

  3. meg says:
    September 28, 2009 at 11:32 am

    The CIA uses PPP or purchasing power parity, which evaluates GDP in terms of what it can buy domestically. Using the official exchange rate gives a different number and with the recent fall of the dollar that number can vary from day to day.
    References :