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

88.25 (billion international dollars) in 2017

In 2017, GDP based on PPP for Lebanon was 88.25 billion international dollars. GDP based on PPP of Lebanon increased from 31.32 billion international dollars in 1998 to 88.25 billion international dollars in 2017 growing at an average annual rate of 5.66 %.

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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 Lebanon GDP based on PPP?

Date Value Change, %
2017 88.25 3.43 %
2016 85.32 2.85 %
2015 82.95 1.32 %
2014 81.88 3.90 %
2013 78.80 4.45 %
2012 75.44 4.77 %
2011 72.01 3.02 %
2010 69.89 9.30 %
2009 63.95 10.89 %
2008 57.67 11.37 %
2007 51.78 12.28 %
2006 46.12