Geary-Khamis Dollar

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Geary-Khamis Dollar

A hypothetical currency equal in value to the U.S. dollar at a stated point of time. It is used in economics textbooks to demonstrate topics such as purchasing power parity. For example, the Geary-Khamis dollar might be set as equal to the value of the U.S. dollar in 2000.

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The statistics in Table 1 compiled by Angus Maddison in 1990 international Geary-Khamis dollars for the USSR, Russia and China demonstrate that Beijing began its great economic ascent in 1950 under Mao, and never looked back.

Table 2 USSR and Russia GDP 1913-2002 (billion 1990 international Geary-Khamis dollars) USSR Russia 1913 232.8 - 1928 231.9 - 1929 238.4 - 1938 405.2 - 1940 420.3 - 1945 333.7 - 1950 510.2 - 1973 1,513.1 872.5 1989 2,037.3 - 1991 1,863.5 1,094.1 1998 1,124.9 655.4 2001 1,343.2 790.6 2002 1,405.6 825.3 Source: Angus Maddison, The World Economy: Historical Statistics, OECD, Paris, 2003, pp.98-99, 111.