Upper middle income | GDP (current US$)

GDP at purchaser's prices 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 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Upper middle income
Records
63
Source
Upper middle income | GDP (current US$)
1960 236136360082.97
1961 220490841490.86
1962 222023728315.22
1963 242268291060.73
1964 280066549216.36
1965 314986131154.74
1966 345233462869.18
1967 351717338837.59
1968 365743583697.76
1969 408867237823.78
1970 450813776265.56
1971 482922529736.16
1972 551710713977.37
1973 692054139500.89
1974 839243307933.18
1975 968587924516.25
1976 1005321574700.6
1977 1112842480972.9
1978 1331868614366.7
1979 1640895079473
1980 2015382172152.8
1981 2130966682801
1982 1957421571942.8
1983 1943951034606.1
1984 2038366331218.1
1985 1944077359529.3
1986 1890490761890.4
1987 2107676388478.6
1988 2384411282642.9
1989 2447067376902.1
1990 2774503891839.9
1991 2697545667058.3
1992 2853560660608.5
1993 3274100387475.5
1994 3371475768953.2
1995 3764707901527.9
1996 4103660301262.6
1997 4368593575977.3
1998 4197253024803.8
1999 4018486713613.7
2000 4452467033101.5
2001 4473535602250.2
2002 4537592261803.3
2003 5088581599981.6
2004 6067168588926.8
2005 7262800479007.2
2006 8647104081105
2007 10685408075326
2008 13004669108217
2009 12563513702323
2010 15404029761166
2011 18586822183033
2012 19883675355488
2013 21268492949593
2014 21874590740590
2015 20559996802666
2016 20510053202252
2017 22686712042217
2018 24376030533340
2019 24832086863829
2020 23959410661464
2021 28933254272819
2022 30609458161508

Upper middle income | GDP (current US$)

GDP at purchaser's prices 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 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Upper middle income
Records
63
Source