Thu 07 2016 10:08:29

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan clinched the 61st place on the volume of gross domestic product based on purchasing power parity in 2015.

The World Bank issued a rating of countries on the volume of gross domestic product (GDP) based on purchasing power parity (PPP) for 2015. The rating includes 188 states.

According to the rating of the World Bank, Uzbekistan was on the 61st place on the size of the GDP based on PPP with the figure of US$187.668 billion.

The World Bank also issued data on the volume of the economies of the world countries based on their GDPs in 2015.

In line with the date of the bank, Uzbekistan’s GDP made up US$66.733 billion and holds 70th place in the world. Uzbekistan moved to three places up in the rating compared to 2014.

Gross national income (GNI) per capita made up US$2,150 in 2015, which grew by 2.87% compared to 2014 (US$2,090). Uzbekistan holds 162nd place on this figure. GNI per capita based on purchasing power parity (PPP) made up US$6,110 (150th place in the world).

Purchasing power parity (PPP) is an economic theory and a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to (or on par with) each currency’s purchasing power.

 
 

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