China is the top country by GDP based on PPP in the world. As of 2016, GDP based on PPP in China was 21,417,149 million international dollars that accounts for 18.51 % of the world's GDP based on PPP. The top 5 countries (others are the United States of America, India, Japan, and Germany) account for 50.11 % of it. The world's total GDP based on PPP was estimated at 115,711,084 million international dollars in 2016.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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.