Europe & Central Asia (excluding high income) | GDP, PPP (current international $)
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators. Statistical concept and methodology: Typically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa-Samuelson effect). Market exchange rate-based cross-country comparisons of GDP at its expenditure components reflect both differences in economic outputs (volumes) and prices. Given the differences in price levels, the size of higher income countries is inflated, while the size of lower income countries is depressed in the comparison. PPP-based cross-country comparisons of GDP at its expenditure components only reflect differences in economic outputs (volume), as PPPs control for price level differences between the countries. Hence, the comparison reflects the real size of the countries. For more information on underlying GDP in local currency, please refer to the metadata for “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD]. For more information on underlying PPP conversion factor, please refer to the metadata for "PPP conversion factor, GDP (LCU per international $)" [PA.NUS.PPP]. For the concept and methodology of PPP, please refer to the International Comparison Program (ICP)’s website (https://www.worldbank.org/en/programs/icp).
Publisher
The World Bank
Origin
Europe & Central Asia (excluding high income)
Records
63
Source
Europe & Central Asia (excluding high income) | GDP, PPP (current international $)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990 2562942603833
1991 2517457865460.4
1992 2330302606687.7
1993 2252401435055
1994 2034567427029.6
1995 2037342729225.9
1996 2066629413864
1997 2162453114561.6
1998 1979893481905.4
1999 2046770070963
2000 2297111589353.1
2001 2426331676026.4
2002 2598603654995.7
2003 2877376472045.4
2004 3217207086819.2
2005 3627871478271.2
2006 4343539411435.3
2007 4844420173872.8
2008 5559206542362.1
2009 5386809023749.2
2010 5800889767035.9
2011 6442312693105
2012 6868209218279.2
2013 7453857930147.8
2014 7639520555150.7
2015 7513328976316.8
2016 7717724102369
2017 8233373780625.1
2018 8838893317070.4
2019 9179314027716.6
2020 9146403009403.9
2021 10203580796181
2022 11246499130938
Europe & Central Asia (excluding high income) | GDP, PPP (current international $)
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators. Statistical concept and methodology: Typically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa-Samuelson effect). Market exchange rate-based cross-country comparisons of GDP at its expenditure components reflect both differences in economic outputs (volumes) and prices. Given the differences in price levels, the size of higher income countries is inflated, while the size of lower income countries is depressed in the comparison. PPP-based cross-country comparisons of GDP at its expenditure components only reflect differences in economic outputs (volume), as PPPs control for price level differences between the countries. Hence, the comparison reflects the real size of the countries. For more information on underlying GDP in local currency, please refer to the metadata for “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD]. For more information on underlying PPP conversion factor, please refer to the metadata for "PPP conversion factor, GDP (LCU per international $)" [PA.NUS.PPP]. For the concept and methodology of PPP, please refer to the International Comparison Program (ICP)’s website (https://www.worldbank.org/en/programs/icp).
Publisher
The World Bank
Origin
Europe & Central Asia (excluding high income)
Records
63
Source