Data Dictionary: | World Development Indicators 2010 |
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Data Source: | Social Explorer; The World Bank |
Data set: Social Explorer Tables (SE)
Table: | T9. Gross Domestic Product - GDP, Purchasing Power Parity [1] |
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Table Details
T9. | Gross Domestic Product - GDP, Purchasing Power Parity | ||||
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Relevant Documentation:
Excerpt from: | Social Explorer; World Development Indicators 2013: Technical Documentation |
World development Indicators: Technical Documentation -> Variable Descriptions -> GDP, PPP (Current International $) |
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. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).