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

455.85 (billion international dollars) in 2017

In 2017, GDP based on PPP for Hong Kong was 455.85 billion international dollars. GDP based on PPP of Hong Kong increased from 157.62 billion international dollars in 1998 to 455.85 billion international dollars in 2017 growing at an average annual rate of 5.80 %.

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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 Hong Kong GDP based on PPP?

Date Value Change, %
2017 455.85 5.76 %
2016 431.01 3.28 %
2015 417.32 3.48 %
2014 403.27 4.71 %
2013 385.15 4.91 %
2012 367.12 3.65 %
2011 354.19 7.00 %
2010 331.00 8.01 %
2009 306.45 -1.72 %
2008 311.80 4.11 %
2007 299.48 9.33 %
2006 273.93