Europe Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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.

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#	COUNTRY	AMOUNT	DATE
1	Norway	1.54	2005
2	Iceland	1.46	2005
3	Denmark	1.41	2005
4	Switzerland	1.38	2005
5	Luxembourg	1.33	2005
6	Ireland	1.26	2005
7	Sweden	1.22	2005
8	Netherlands	1.17	2005
=9	France	1.15	2005
=9	Finland	1.15	2005
=9	Germany	1.15	2005
=12	United Kingdom	1.1	2005
=12	Austria	1.1	2005
=12	Belgium	1.1	2005
15	Italy	1.05	2005
=16	Spain	0.95	2005
=16	Cyprus	0.95	2004
18	Greece	0.87	2005
19	Portugal	0.85	2005
20	Slovenia	0.77	2005
21	Malta	0.72	2005
22	Croatia	0.66	2005
23	Estonia	0.63	2005
24	Hungary	0.61	2005
25	Turkey	0.6	2005
26	Czech Republic	0.59	2005
27	Poland	0.57	2005
28	Slovakia	0.54	2005
29	Lithuania	0.52	2005
=30	Latvia	0.5	2005
=30	Romania	0.5	2005
=30	Albania	0.5	2005
33	Russia	0.49	2005
34	Georgia	0.42	2005
=35	Belarus	0.38	2005
=35	Bulgaria	0.38	2005
=37	Armenia	0.33	2005
=37	Moldova	0.33	2005
39	Azerbaijan	0.3	2005
40	Ukraine	0.26	2005

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