In 2022, GDP per capita based on PPP for New Zealand was 52,547 international dollars. Between 2003 and 2022, GDP per capita based on PPP of New Zealand grew substantially from 23,987 to 52,547 international dollars rising at an increasing annual rate that reached a maximum of 9.86% in 2013 and then decreased to 8.22% in 2022.
The description is composed by our digital data assistant.GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
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