Philippines PH: GDP: PPP

Philippines PH: GDP: PPP data was reported at 875,311.111 Intl $ mn in 2017. This records an increase from the previous number of 805,964.994 Intl $ mn for 2016. Philippines PH: GDP: PPP data is updated yearly, averaging 324,537.983 Intl $ mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 875,311.111 Intl $ mn in 2017 and a record low of 160,562.978 Intl $ mn in 1990. Philippines PH: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. 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).; ; World Bank, International Comparison Program database.; Gap-filled total;

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