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

16,710 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Iraq was 16,710 international dollars. GDP per capita based on PPP of Iraq increased from 6,346 international dollars in 2003 to 16,710 international dollars in 2017 growing at an average annual rate of 7.86 %.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. 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 per capita based on PPP?

Date Value Change, %
2017 16,710 -2.70 %
2016 17,173 11.43 %
2015 15,411 1.03 %
2014 15,255 -4.73 %
2013 16,012 6.77 %
2012 14,997 13.21 %
2011 13,248 7.04 %
2010 12,377 4.86 %
2009 11,803 1.63 %
2008 11,613 7.75 %
2007 10,778 2.16 %
2006 10,550