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Former Spanish colonies 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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Equatorial Guinea 0.86 2004
2 Venezuela 0.8 2005
3 Mexico 0.69 2005
4 Ecuador 0.64 2005
5 Panama 0.63 2005
6 Chile 0.59 2005
7 Guatemala 0.55 2005
8 Uruguay 0.49 2005
=9 Peru 0.47 2005
=9 El Salvador 0.47 2005
11 Costa Rica 0.45 2005
12 Dominican Republic 0.4 2005
13 Colombia 0.37 2005
14 Bolivia 0.36 2005
15 Honduras 0.34 2005
16 Argentina 0.33 2005
17 Paraguay 0.26 2005
18 Nicaragua 0.24 2005
19 Philippines 0.23 2005

Citation

"Countries Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio. International Statistics at NationMaster.com", World Development Indicators database. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Former-Spanish-colonies/Economy/Currency/PPP-conversion-factor-to-official-exchange-rate-ratio

Former Spanish colonies Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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