Dominica - GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Dominica was 781,334,800 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 925,750,300 in 2019 and 302,540,000 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 302,540,000
1991 316,986,600
1992 330,790,000
1993 345,950,100
1994 353,459,500
1995 371,808,600
1996 390,369,400
1997 406,034,400
1998 426,101,500
1999 433,784,100
2000 453,859,700
2001 463,518,700
2002 457,534,800
2003 495,639,300
2004 524,510,400
2005 544,395,800
2006 587,003,800
2007 641,066,400
2008 700,074,600
2009 697,161,200
2010 710,028,900
2011 723,240,300
2012 705,767,400
2013 720,553,000
2014 775,558,500
2015 792,975,000
2016 852,085,400
2017 807,786,900
2018 845,498,000
2019 925,750,300
2020 781,334,800

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GDP and GDP per capita estimates are converted into international dollars using purchasing power parity (PPP) rates. PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity