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

36.40 (billion international dollars) in 2017

In 2017, GDP based on PPP for Nicaragua was 36.4 billion international dollars. Between 1998 and 2017, GDP based on PPP of Nicaragua grew substantially from 11.96 to 36.4 billion international dollars rising at an increasing annual rate that reached a maximum of 8.58 % in 1999 and then decreased to 6.85 % 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 Nicaragua GDP based on PPP?

Date Value Change, %
2017 36.40 6.85 %
2016 34.07 5.80 %
2015 32.20 5.89 %
2014 30.41 6.77 %
2013 28.48 6.77 %
2012 26.67 8.54 %
2011 24.58 8.54 %
2010 22.64 5.63 %
2009 21.44 -2.56 %
2008 22.00 5.45 %
2007 20.86 7.90 %
2006 19.34