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

673.25 (billion international dollars) in 2018

In 2018, GDP based on PPP for Iraq was 673.25 billion international dollars. GDP based on PPP of Iraq increased from 101.72 billion international dollars in 1999 to 673.25 billion international dollars in 2018 growing at an average annual rate of 12.08 %.

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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 Iraq GDP based on PPP?

Date Value Change, %
2018 673.25 2.85 %
2017 654.58 0.17 %
2016 653.44 14.80 %
2015 569.19 3.63 %
2014 549.23 2.64 %
2013 535.08 9.52 %
2012 488.58 16.12 %
2011 420.75 9.79 %
2010 383.22 7.64 %
2009 356.01 4.17 %
2008 341.77 10.33 %
2007 309.76

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