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

649.30 (billion international dollars) in 2017

In 2017, GDP based on PPP for Iraq was 649.3 billion international dollars. GDP based on PPP of Iraq increased from 80.38 billion international dollars in 1998 to 649.3 billion international dollars in 2017 growing at an average annual rate of 13.29 %.

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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, %
2017 649.30 -0.20 %
2016 650.57 14.30 %
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 4.63 %
2006 296.07