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

193.63 (billion international dollars) in 2017

In 2017, GDP based on PPP for Angola was 193.63 billion international dollars. GDP based on PPP of Angola increased from 46.5 billion international dollars in 1998 to 193.63 billion international dollars in 2017 growing at an average annual rate of 7.96 %.

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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 Angola GDP based on PPP?

Date Value Change, %
2017 193.63 -0.65 %
2016 194.89 -1.52 %
2015 197.89 2.02 %
2014 193.96 6.81 %
2013 181.60 6.80 %
2012 170.05 10.62 %
2011 153.71 5.63 %
2010 145.52 6.08 %
2009 137.18 1.63 %
2008 134.98 13.33 %
2007 119.10 17.07 %
2006 101.73