According to World Bank statistics for the year 2013, the economy of Greece is the 43rd largest by nominal gross domestic product at $242 billion and 53rd largest by purchasing power parity (PPP) at $284 billion. Additionally, Greece is the 15th largest economy in the 27-member European Union. In terms of per capita income, Greece is ranked 41st or 47th in the world at $18,168 and $29,045 for nominal GDP and PPP respectively. The Greek economy is classified as advanced and high-income.