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Albania - Gross domestic product based on purchasing-power-parity in current prices

36.01 (billion international dollars) in 2017

In 2017, GDP based on PPP for Albania was 36.01 billion international dollars. GDP based on PPP of Albania increased from 10.31 billion international dollars in 1998 to 36.01 billion international dollars in 2017 growing at an average annual rate of 6.85 %.

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What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Albania GDP based on PPP?

Date Value Change, %
2017 36.01 5.82 %
2016 34.03 4.48 %
2015 32.57 3.31 %
2014 31.52 3.70 %
2013 30.40 2.77 %
2012 29.58 3.36 %
2011 28.62 4.69 %
2010 27.33 4.91 %
2009 26.05 4.15 %
2008 25.02 9.59 %
2007 22.83 8.83 %
2006 20.98