Tonga - GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Tonga was 707,656,500 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 707,656,500 in 2020 and 211,476,100 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 211,476,100
1991 232,652,600
1992 238,554,100
1993 253,337,300
1994 271,561,700
1995 297,713,500
1996 308,638,200
1997 318,000,800
1998 329,486,800
1999 346,647,300
2000 357,501,000
2001 379,039,000
2002 403,701,000
2003 420,688,700
2004 421,600,000
2005 435,084,900
2006 447,585,200
2007 460,854,500
2008 492,136,000
2009 470,106,000
2010 479,405,200
2011 522,789,500
2012 537,201,400
2013 548,336,000
2014 569,753,300
2015 581,920,800
2016 626,665,900
2017 659,659,600
2018 677,524,500
2019 694,681,300
2020 707,656,500

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