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In 2018, GDP based on PPP in Ethiopia was 220,477 million international dollars. In the ranking by GDP based on PPP including 169 countries, Ethiopia has the 60th rank that is close to the positions of such countries as Uzbekistan and the New Zealand. Compared to China which at the top of the ranking with GDP based on PPP of 25,361,744 million international dollars in 2018, Ethiopia has 99.13 % percent lower GDP based on PPP.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.