What is the PPP of Afghanistan?
GDP per capita PPP in Afghanistan averaged 1755.25 USD from 2002 until 2020, reaching an all time high of 2116.47 USD in 2013 and a record low of 1189.78 USD in 2002.
What does GDP in PPP mean?
GDP per capita based on purchasing power parity (PPP). 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.
What is country PPP?
Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries’ currencies.
What is difference between GDP and PPP?
The key difference between GDP nominal and GDP PPP is that GDP nominal is the GDP unadjusted for the effects of inflation and is at current market prices whereas GDP PPP is the GDP converted to US dollars using purchasing power parity rates and divided by total population.
What is the unemployment rate of Afghanistan?
approximately 11.73 percent
In 2020, the unemployment rate in Afghanistan was at approximately 11.73 percent….Afghanistan: Unemployment rate from 2010 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 11.73% |
| 2019 | 11.98% |
| 2018 | 11.06% |
| 2017 | 11.18% |
What is the literacy rate in Afghanistan?
Education rates in Afghanistan are significantly lower than those of other countries. For example, Afghanistan has an average literacy rate of 38 percent, while the international average is 84 percent. Education in rural areas is especially low.
How do you interpret PPP?
The purchasing power parity calculation tells you how much things would cost if all countries used the same currency. In other words, it is the rate at which one currency would need to be exchanged to have the same purchasing power as another currency.
What country has the highest PPP?
China
Ranked: Economies by GDP (PPP)
| Rank | Country | GDP (2018, PPP) |
|---|---|---|
| #1 | China | $25.4 trillion |
| #2 | United States | $20.5 trillion |
| #3 | India | $10.5 trillion |
| #4 | Japan | $5.5 trillion |
What is more accurate GDP or PPP?
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real …
How much is Afghanistan in debt?
around 1.14 billion U.S. dollars
In 2019, the national debt of Afghanistan amounted to around 1.14 billion U.S. dollars.