Muslim 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.

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#	COUNTRY	AMOUNT	DATE
1	Kuwait	1.21	2005
2	United Arab Emirates	1.12	2005
3	Lebanon	1.1	2005
4	Bahrain	0.83	2005
5	Saudi Arabia	0.8	2005
6	Yemen	0.77	2005
7	Nigeria	0.67	2005
8	Oman	0.63	2004
9	Turkey	0.6	2005
10	Albania	0.5	2005
11	Kazakhstan	0.48	2005
12	Malaysia	0.47	2005
13	Algeria	0.44	2005
14	Jordan	0.42	2005
15	Djibouti	0.41	2005
=16	Chad	0.39	2005
=16	Senegal	0.39	2005
=18	Morocco	0.38	2005
=18	Mali	0.38	2005
=20	Sudan	0.36	2005
=20	Syria	0.36	2005
22	Iran	0.35	2005
=23	Tunisia	0.34	2005
=23	Indonesia	0.34	2005
=25	Comoros	0.32	2005
=25	Burkina Faso	0.32	2005
27	Niger	0.31	2005
=28	Azerbaijan	0.3	2005
=28	Pakistan	0.3	2005
30	Egypt	0.28	2005
=31	Mauritania	0.27	2005
=31	Sierra Leone	0.27	2005
=33	Uzbekistan	0.26	2005
=33	Tajikistan	0.26	2005
35	Kyrgyzstan	0.25	2005
36	Bangladesh	0.21	2005
37	Turkmenistan	0.19	2000
38	The Gambia	0.16	2005
39	Guinea	0.15	2005

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