DEC alternative conversion factor > LCU per US$
1.69
0.8
DEFINITION:
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
SOURCE:
World Development Indicators database
Official exchange rate > LCU per US$, period average
1.69
0.8
DEFINITION:
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
SOURCE:
World Development Indicators database
PPP conversion factor to official exchange rate ratio
0.53
1.17
DEFINITION:
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. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (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.
SOURCE:
World Development Indicators database
Ranked 59th in 2005.
Ranked 9th in 2005. 121% more than Fiji
Real effective exchange rate index
111.21 %
113.3 %
DEFINITION:
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
SOURCE:
World Development Indicators database
Ranked 29th in 2005.
Ranked 25th in 2005. 2% more than Fiji
Terms of trade since 1995
91.43
101.11
DEFINITION:
Net barter terms of trade (1995 = 100). Net barter terms of trade are the ratio of the export price index to the corresponding import price index measured relative to the base year 1995.
SOURCE:
The World Bank Group
Ranked 79th.
Ranked 44th. 11% more than Fiji
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