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

18,425 (international dollars) in 2018

In 2018, GDP per capita based on PPP for Dominican Republic was 18,425 international dollars. Over the last 20 years, GDP per capita based on PPP of Dominican Republic grew substantially from 6,310 to 18,425 international dollars rising at an increasing annual rate that reached a maximum of 11.45 % in 2005 and then decreased to 8.33 % in 2018.

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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 Dominican Republic GDP per capita based on PPP?

Date Value Change, %
2018 18,425 8.33 %
2017 17,008 5.55 %
2016 16,113 6.76 %
2015 15,092 7.13 %
2014 14,088 8.58 %
2013 12,975 5.58 %
2012 12,289 3.60 %
2011 11,862 4.17 %
2010 11,387 8.46 %
2009 10,499 0.63 %
2008 10,433 4.02 %
2007 10,030

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