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

219.62 (billion international dollars) in 2018

In 2018, GDP based on PPP for Ethiopia was 219.62 billion international dollars. Over the last 20 years, GDP based on PPP of Ethiopia grew substantially from 29.39 to 219.62 billion international dollars rising at an increasing annual rate that reached a maximum of 16.11 % in 2005 and then decreased to 10.33 % 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 Ethiopia GDP based on PPP?

Date Value Change, %
2018 219.62 10.33 %
2017 199.06 12.22 %
2016 177.38 9.12 %
2015 162.56 11.55 %
2014 145.73 12.34 %
2013 129.72 11.83 %
2012 116.00 10.78 %
2011 104.71 13.73 %
2010 92.07 11.89 %
2009 82.28 10.84 %
2008 74.24 13.36 %
2007 65.49

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