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In 2017, PPP for private consumption for Iran was 12,800.4 LCU per international dollars. PPP for private consumption of Iran increased from 1,064.1 LCU per international dollars in 1998 to 12,800.4 LCU per international dollars in 2017 growing at an average annual rate of 14.19 %.The description is composed by our digital data assistant.
Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure).