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

(billion international dollars)
in 2017

In 2016, GDP based on PPP for New Zealand was 176.43 billion international dollars. GDP based on PPP of New Zealand increased from 73.47 billion international dollars in 1997 to 176.43 billion international dollars in 2016 growing at an average annual rate of 4.73 %.

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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.

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Date Value Change, %
2017 185.75 5.28 %
2016 176.43 4.90 %
2015 168.18 4.31 %
2014 161.23 4.68 %
2013 154.03 3.75 %
2012 148.45 4.43 %
2011 142.16 3.99 %
2010 136.71 3.23 %
2009 132.44 1.12 %
2008 130.97 1.54 %
2007 128.98 6.73 %
2006 120.86