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Metadata Glossary

CodeNY.GDP.PCAP.PP.KD
Indicator NameGDP per capita, PPP (constant 2011 international $)
Long definitionGDP per capita based on purchasing power parity (PPP). 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 at purchaser's prices 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 constant 2011 international dollars.
SourceWorld Bank, International Comparison Program database.
TopicEconomic Policy & Debt: Purchasing power parity
PeriodicityAnnual
Base Period2011
Aggregation methodWeighted average
License TypeCC BY-4.0
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