Vanuatu - GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Vanuatu was 924,784,100 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 980,588,600 in 2019 and 247,295,100 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 247,295,100
1991 263,705,200
1992 276,688,000
1993 285,329,600
1994 317,888,000
1995 327,812,200
1996 341,583,300
1997 364,751,900
1998 373,198,200
1999 379,863,400
2000 411,364,400
2001 406,104,400
2002 391,083,500
2003 415,428,700
2004 443,623,700
2005 481,711,100
2006 538,300,300
2007 568,634,000
2008 612,174,800
2009 635,576,800
2010 651,088,800
2011 685,546,600
2012 705,751,400
2013 721,502,000
2014 757,821,600
2015 767,882,900
2016 812,321,200
2017 879,860,900
2018 927,116,900
2019 980,588,600
2020 924,784,100

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