The US Central Intelligence Agency (CIA) reports that in 2000 Andorra's gross domestic product (GDP) was estimated at $1.3 billion. The per capita GDP was estimated at $19,000. The annual growth rate of GDP was estimated at 3.8%. The average inflation rate in 2000 was 4.3%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange.