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China - Gross domestic product per capita based on purchasing-power-parity in current prices

16,696 (international dollars) in 2017

In 2017, GDP per capita based on PPP for China was 16,696 international dollars. Between 1998 and 2017, GDP per capita based on PPP of China grew substantially from 2,460 to 16,696 international dollars rising at an increasing annual rate that reached a maximum of 16.66 % in 2007 and then decreased to 8.31 % in 2017.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. 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 China GDP per capita based on PPP?

Date Value Change, %
2017 16,696 8.31 %
2016 15,415 7.26 %
2015 14,372 7.51 %
2014 13,368 8.76 %
2013 12,291 9.15 %
2012 11,260 9.43 %
2011 10,290 11.25 %
2010 9,250 11.36 %
2009 8,306 9.50 %
2008 7,586 11.17 %
2007 6,824 16.66 %
2006 5,849