Price level ratio of PPP conversion factor to market exchange rate
Annual
GDP
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Source | |
| Organisation: | World Bank |
| Publication: | Economic Policy & Debt: Purchasing power parity |
| Series: | PA.NUS.PPPC.RF |
| Details: | Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round. |
| Last Updated: | Monday, October 28, 2019 |
| Download Page: | https://data.worldbank.org |
| Download Url: | https://data.worldbank.org/indicator/PA.NUS.PPPC.RF?locations=LV |
| Period: | 1990 - 2023 |
| Date Accessed: | Sunday, July 7, 2024 |