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

188.34 (billion international dollars) in 2018

In 2018, GDP based on PPP for Dominican Republic was 188.34 billion international dollars. Over the last 20 years, GDP based on PPP of Dominican Republic grew substantially from 52.22 to 188.34 billion international dollars rising at an increasing annual rate that reached a maximum of 12.84% in 2005 and then decreased to 9.59% in 2018.

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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 Dominican Republic GDP based on PPP?

Date Value Change, %
2018 188.34 9.59 %
2017 171.86 6.64 %
2016 161.17 7.76 %
2015 149.56 8.04 %
2014 138.43 9.03 %
2013 126.96 6.72 %
2012 118.97 4.69 %
2011 113.64 5.29 %
2010 107.94 9.60 %
2009 98.48 1.72 %
2008 96.82 5.22 %
2007 92.02

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