Iran GDP PPP at $1.81 trillion, making country 19th economy
An Iranain economic official has said that this country is now the 19th largest economy in world, with a gross domestic product (GDP) of $1.81 trillion based on the purchasing power parity (PPP).
EghtesadOnline: A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
Head of Iran's Plan and Budget Organization Davood Manzour made the remark on Monday in a post on X, formerly known as Twitter.
He said in his post that the country plans to increase its current GDP to $2.5 trillion based on the PPPs within the next five years, which will fall on the 50th anniversary of the Islamic Revolution.
Iran's GDP at $1.81 trillion, making country 19th economy in world: Official
In comments on his post, the official explained that the ranking based on PPPs is determined by international bodies using a common currency which is different from the foreign currency rate announced by countries. / Mehr