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Metadata Glossary
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MIX Market was updated on October 3, 2024
Education Policy was updated on October 3, 2024
Global Economic Monitor (GEM) was updated on October 2, 2024
World Development Indicators was updated on September 19, 2024
Metadata Glossary
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Code
NY.GDP.PCAP.PP.KD
Indicator Name
GDP per capita, PPP (constant 2021 international $)
Long definition
GDP 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 country 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 2021 international dollars.
Source
International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.
Topic
Economic Policy & Debt: Purchasing power parity
Periodicity
Annual
Base Period
2021
Aggregation method
Weighted average
Statistical concept and methodology
For the concept and methodology of PPP, please refer to the International Comparison Program (ICP)’s website (https://www.worldbank.org/en/programs/icp).
License URL
https://datacatalog.worldbank.org/public-licenses#cc-by
License Type
CC BY-4.0
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