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Heavily indebted countries 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 Iceland 1.46 2005
2 Ireland 1.26 2005
3 Netherlands 1.17 2005
=4 Germany 1.15 2005
=4 France 1.15 2005
6 Japan 1.13 2005
=7 Austria 1.1 2005
=7 Lebanon 1.1 2005
=7 Belgium 1.1 2005
=7 United Kingdom 1.1 2005
11 Italy 1.05 2005
12 Canada 1.03 2005
13 United States 1 2005
=14 Cyprus 0.95 2004
=14 Spain 0.95 2005
16 Singapore 0.91 2005
17 Greece 0.87 2005
18 Portugal 0.85 2005
19 Jamaica 0.84 2005
20 Antigua and Barbuda 0.83 2004
=21 Saint Lucia 0.72 2004
=21 Malta 0.72 2005
23 Israel 0.69 2005
24 Saint Kitts and Nevis 0.67 2004
=25 Hungary 0.61 2005
=25 Dominica 0.61 2004
27 Saint Vincent and the Grenadines 0.55 2005
28 Grenada 0.54 2004
29 Belize 0.53 2005
30 Seychelles 0.51 2005
31 Jordan 0.42 2005
32 Morocco 0.38 2005
33 Sudan 0.36 2005
34 Cape Verde 0.33 2005
35 Egypt 0.28 2005
36 Sri Lanka 0.26 2005
37 Malawi 0.24 2005
38 Sao Tome and Principe 0.21 2005
39 Eritrea 0.2 2005
40 Zimbabwe 0.13 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/Heavily-indebted-countries/Economy/Currency/PPP-conversion-factor-to-official-exchange-rate-ratio

Heavily indebted countries Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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Interesting observations about Economy > Currency > PPP conversion factor to official exchange rate ratio

  • Norway ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Christian countries in 2005.
  • Kuwait ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Hot countries in 2005.
  • Denmark ranked first for currency > PPP conversion factor to official exchange rate ratio amongst European Union in 2005.
  • Angola ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Sub-Saharan Africa in 2005.
  • Venezuela ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Emerging markets in 2005.
  • Iceland ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Heavily indebted countries in 2005.
  • Switzerland ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Landlocked countries in 2005.
  • United States ranked last for currency > PPP conversion factor to official exchange rate ratio amongst Group of 7 countries (G7) in 2005.
  • Lebanon ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Former French colonies in 2005.
  • United Arab Emirates ranked second for currency > PPP conversion factor to official exchange rate ratio amongst Muslim countries in 2005.
  • Luxembourg ranked first for currency > PPP conversion factor to official exchange rate ratio amongst Catholic countries in 2005.
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