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

298.62 (billion international dollars) in 2017

In 2017, GDP based on PPP for Morocco was 298.62 billion international dollars. Over the last 20 years, GDP based on PPP of Morocco grew substantially from 97.4 to 298.62 billion international dollars rising at an increasing annual rate that reached a maximum of 10.83 % in 2006 and then decreased to 6.09 % 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 Morocco GDP based on PPP?

Date Value Change, %
2017 298.62 6.09 %
2016 281.47 2.23 %
2015 275.32 5.67 %
2014 260.56 4.61 %
2013 249.07 6.37 %
2012 234.16 4.99 %
2011 223.04 7.44 %
2010 207.58 5.03 %
2009 197.65 5.04 %
2008 188.17 7.98 %
2007 174.26 6.31 %
2006 163.91