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

395.87 (billion international dollars) in 2018

In 2018, GDP based on PPP for Czech Republic was 395.87 billion international dollars. GDP based on PPP of Czech Republic increased from 160.77 billion international dollars in 1999 to 395.87 billion international dollars in 2018 growing at an average annual rate of 4.91 %.

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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 Czech Republic GDP based on PPP?

Date Value Change, %
2018 395.87 5.23 %
2017 376.18 6.34 %
2016 353.77 3.57 %
2015 341.57 6.44 %
2014 320.92 4.66 %
2013 306.63 1.26 %
2012 302.81 1.10 %
2011 299.51 3.90 %
2010 288.25 3.47 %
2009 278.60 -4.08 %
2008 290.44 4.68 %
2007 277.46

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