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

(billion international dollars)
in 2016

GDP based on PPP of South Africa increased from 307.37 billion international dollars in 1997 to 739.42 billion international dollars in 2016 growing at an average annual rate of 4.76 %.

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GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

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Date Value Change, %
2016 739.42 1.60 %
2015 727.79 2.39 %
2014 710.81 3.52 %
2013 686.64 4.14 %
2012 659.31 4.10 %
2011 633.37 5.42 %
2010 600.83 4.30 %
2009 576.06 -0.79 %
2008 580.65 5.22 %
2007 551.87 8.16 %
2006 510.22 8.85 %
2005 468.74