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

629.99 (billion international dollars) in 2017

In 2017, GDP based on PPP for Algeria was 629.99 billion international dollars. GDP based on PPP of Algeria increased from 228.33 billion international dollars in 1998 to 629.99 billion international dollars in 2017 growing at an average annual rate of 5.50 %.

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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 Algeria GDP based on PPP?

Date Value Change, %
2017 629.99 3.33 %
2016 609.70 4.33 %
2015 584.41 4.81 %
2014 557.59 5.76 %
2013 527.21 4.60 %
2012 504.00 5.37 %
2011 478.30 4.97 %
2010 455.65 4.82 %
2009 434.68 2.41 %
2008 424.47 4.35 %
2007 406.77 6.15 %
2006 383.20