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Trinidad and Tobago - Gross domestic product based on purchasing-power-parity in current prices

44.40 (billion international dollars) in 2018

In 2018, GDP based on PPP for Trinidad and Tobago was 44.4 billion international dollars. GDP based on PPP of Trinidad and Tobago increased from 17.59 billion international dollars in 1999 to 44.4 billion international dollars in 2018 growing at an average annual rate of 5.15 %.

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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 Trinidad and Tobago GDP based on PPP?

Date Value Change, %
2018 44.40 2.76 %
2017 43.21 -0.01 %
2016 43.21 -5.54 %
2015 45.75 2.84 %
2014 44.48 0.86 %
2013 44.10 3.80 %
2012 42.49 1.22 %
2011 41.98 1.89 %
2010 41.20 4.67 %
2009 39.36 -4.10 %
2008 41.04 5.29 %
2007 38.98

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