Dominica - GNI, PPP (current international $)

The latest value for GNI, PPP (current international $) in Dominica was 802,732,100 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 910,781,600 in 2019 and 295,013,300 in 1990.

Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. 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 295,013,300
1991 305,665,500
1992 320,255,100
1993 336,751,100
1994 338,365,700
1995 353,358,500
1996 364,641,400
1997 382,822,300
1998 405,490,800
1999 399,574,100
2000 400,346,400
2001 429,311,000
2002 419,181,700
2003 456,635,900
2004 476,897,300
2005 501,084,700
2006 564,434,800
2007 611,224,900
2008 672,058,600
2009 677,695,600
2010 696,454,900
2011 708,013,800
2012 691,928,400
2013 692,344,700
2014 828,014,800
2015 761,473,000
2016 827,242,800
2017 790,417,500
2018 847,522,700
2019 910,781,600
2020 802,732,100

Development Relevance: Because development encompasses many factors - economic, environmental, cultural, educational, and institutional - no single measure gives a complete picture. However, the total earnings of the residents of an economy, measured by its gross national income (GNI), is a good measure of its capacity to provide for the well-being of its people.

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GNI and GNI 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