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

15,185 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Grenada was 15,185 international dollars. GDP per capita based on PPP of Grenada increased from 6,609 international dollars in 1998 to 15,185 international dollars in 2017 growing at an average annual rate of 4.60 %.

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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 Grenada GDP per capita based on PPP?

Date Value Change, %
2017 15,185 6.65 %
2016 14,239 4.40 %
2015 13,638 7.16 %
2014 12,727 8.96 %
2013 11,680 3.73 %
2012 11,261 0.35 %
2011 11,221 2.48 %
2010 10,949 0.28 %
2009 10,919 -6.23 %
2008 11,644 2.57 %
2007 11,352 8.63 %
2006 10,451