Italy - GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Italy was 2,527,870,000,000 as of 2018. Over the past 28 years, the value for this indicator has fluctuated between 2,527,870,000,000 in 2018 and 1,055,480,000,000 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 1,055,480,000,000
1991 1,107,960,000,000
1992 1,142,660,000,000
1993 1,159,760,000,000
1994 1,210,000,000,000
1995 1,271,040,000,000
1996 1,309,460,000,000
1997 1,358,160,000,000
1998 1,423,840,000,000
1999 1,457,190,000,000
2000 1,541,780,000,000
2001 1,597,860,000,000
2002 1,639,680,000,000
2003 1,671,520,000,000
2004 1,703,320,000,000
2005 1,746,660,000,000
2006 1,885,020,000,000
2007 1,993,230,000,000
2008 2,089,720,000,000
2009 2,045,290,000,000
2010 2,083,940,000,000
2011 2,173,170,000,000
2012 2,172,380,000,000
2013 2,187,380,000,000
2014 2,200,260,000,000
2015 2,241,520,000,000
2016 2,375,290,000,000
2017 2,494,110,000,000
2018 2,527,870,000,000

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