South and Central Asia Compared by Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio
DEFINITION:
PPP conversion factor (GDP) to market exchange rate ratio. 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. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, 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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Interesting observations about Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio
- Iraq ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Hot countries in 2012.
- Norway ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Christian countries in 2012.
- Japan ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Heavily indebted countries in 2012.
- Australia ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Former British colonies in 2012.
- Brazil ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Emerging markets in 2012.
- Denmark ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst European Union in 2012.
- Angola ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Sub-Saharan Africa in 2012.
- Switzerland ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Landlocked countries in 2012.
- Luxembourg ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Catholic countries in 2012.
- Finland ranked first for currency > PPP conversion factor > GDP to market exchange rate ratio amongst Eurozone in 2012.