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

38,233 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Italy was 38,233 international dollars. GDP per capita based on PPP of Italy increased from 26,295 international dollars in 1998 to 38,233 international dollars in 2017 growing at an average annual rate of 2.02 %.

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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 Italy GDP per capita based on PPP?

Date Value Change, %
2017 38,233 3.56 %
2016 36,919 2.18 %
2015 36,131 2.01 %
2014 35,419 1.55 %
2013 34,878 -0.57 %
2012 35,078 -1.31 %
2011 35,544 2.26 %
2010 34,759 2.43 %
2009 33,935 -5.43 %
2008 35,882 0.03 %
2007 35,872 3.80 %
2006 34,558