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

22.42 (billion international dollars) in 2017

In 2017, GDP based on PPP for Malawi was 22.42 billion international dollars. Over the last 20 years, GDP based on PPP of Malawi grew substantially from 7.17 to 22.42 billion international dollars rising at an increasing annual rate that reached a maximum of 12.55 % in 2007 and then decreased to 5.98 % in 2017.

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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 Malawi GDP based on PPP?

Date Value Change, %
2017 22.42 5.98 %
2016 21.16 3.39 %
2015 20.46 4.05 %
2014 19.67 7.70 %
2013 18.26 7.05 %
2012 17.06 3.83 %
2011 16.43 7.05 %
2010 15.35 8.12 %
2009 14.19 9.15 %
2008 13.00 9.74 %
2007 11.85 12.55 %
2006 10.53