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In 2017, GDP based on PPP for Iran was 1,695,063 million international dollars. GDP based on PPP of Iran increased from 620,914 million international dollars in 1998 to 1,695,063 million international dollars in 2017 growing at an average annual rate of 5.53 %.The description is composed by our digital data assistant.
PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.