In 2017, real GDP based on PPP for China was 21,223,921 million international dollars. Between 1998 and 2017, real GDP based on PPP of China grew substantially from 4,000,275 million to 21,223,921 million international dollars rising at an increasing annual rate that reached a maximum of 14.23 % in 2007 and then decreased to 6.90 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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 is the sum of gross value added by all resident producers in the economy 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.