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

(international dollars)

In 2017, GDP based on PPP in China was 23,300,782 million international dollars. In the ranking by GDP based on PPP including 185 countries, China has the 5th rank that is close to the positions of such countries as Brunei Darussalam and the Fiji.

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What is GDP based on 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 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.