In 2011, GDP based on PPP for Venezuela (Bolivarian Republic of) was 506,339 million international dollars. GDP based on PPP of Venezuela (Bolivarian Republic of) increased from 231,698 million international dollars in 1992 to 506,339 million international dollars in 2011 growing at an average annual rate of 4.45%.
The description is composed by our digital data assistant.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 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. Data are in current international dollars.
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