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Economy > Currency > PPP conversion factor to official exchange rate ratio: Countries Compared

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 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 Kuwait 1.21 2005
9 Netherlands 1.17 2005
=10 France 1.15 2005
=10 Finland 1.15 2005
=10 Germany 1.15 2005
=13 Australia 1.13 2005
=13 Japan 1.13 2005
15 United Arab Emirates 1.12 2005
=16 Lebanon 1.1 2005
=16 United Kingdom 1.1 2005
=16 Austria 1.1 2005
=16 Belgium 1.1 2005
Group of 7 countries (G7) average (profile) 1.09 2005
20 New Zealand 1.07 2005
21 Italy 1.05 2005
22 Canada 1.03 2005
High income OECD countries average (profile) 1.02 2005
23 The Bahamas 1.02 2002
24 Congo, Republic of the 1.01 2005
25 United States 1 2005
Eurozone average (profile) 0.958 2005
=26 Spain 0.95 2005
=26 Cyprus 0.95 2004
28 Singapore 0.91 2005
European Union average (profile) 0.883 2005
29 Angola 0.88 2005
NATO countries average (profile) 0.871 2005
30 Greece 0.87 2005
31 Equatorial Guinea 0.86 2004
32 Portugal 0.85 2005
=33 Gabon 0.84 2005
=33 Jamaica 0.84 2005
=35 Bahrain 0.83 2005
=35 Antigua and Barbuda 0.83 2004
Non-religious countries average (profile) 0.816 2005
Europe average (profile) 0.801 2004
=37 Venezuela 0.8 2005
=37 Saudi Arabia 0.8 2005
=39 Slovenia 0.77 2005
=39 Yemen 0.77 2005
41 Trinidad and Tobago 0.75 2005
Heavily indebted countries average (profile) 0.746 2004
42 South Korea 0.74 2005
43 Hong Kong 0.73 2005
=44 Saint Lucia 0.72 2004
=44 Malta 0.72 2005
=46 Israel 0.69 2005
=46 Mexico 0.69 2005
=48 Nigeria 0.67 2005
=48 Macau 0.67 2002
=48 Saint Kitts and Nevis 0.67 2004
51 Croatia 0.66 2005
52 Ecuador 0.64 2005
=53 Panama 0.63 2005
=53 Estonia 0.63 2005
=53 Oman 0.63 2004
Middle Eastern and North Africa average (profile) 0.612 2004
=56 Dominica 0.61 2004
=56 Hungary 0.61 2005
=56 Zambia 0.61 2005
59 Turkey 0.6 2005
=60 Czech Republic 0.59 2005
=60 Chile 0.59 2005
62 Poland 0.57 2005
=63 Guatemala 0.55 2005
=63 Saint Vincent and the Grenadines 0.55 2005
=63 Cote d'Ivoire 0.55 2005
=66 Slovakia 0.54 2005
=66 Grenada 0.54 2004
Former British colonies average (profile) 0.534 2004
=68 Belize 0.53 2005
=68 Fiji 0.53 2005
70 Lithuania 0.52 2005
=71 Brazil 0.51 2005
=71 Seychelles 0.51 2005
Latin America and Caribbean average (profile) 0.505 2002
=73 Swaziland 0.5 2005
=73 Vanuatu 0.5 2005
=73 Albania 0.5 2005
=73 Romania 0.5 2005
=73 Latvia 0.5 2005
=78 Russia 0.49 2005
=78 Uruguay 0.49 2005
80 Kazakhstan 0.48 2005
=81 Malaysia 0.47 2005
=81 El Salvador 0.47 2005
=81 Botswana 0.47 2005
=81 Peru 0.47 2005
Former Spanish colonies average (profile) 0.462 2005
85 South Africa 0.46 2005
Emerging markets average (profile) 0.456 2005
=86 Cameroon 0.45 2005
=86 Costa Rica 0.45 2005
=86 Benin 0.45 2005
=89 Kenya 0.44 2005
=89 Algeria 0.44 2005
Muslim countries average (profile) 0.432 2004
=91 Tanzania 0.42 2005
=91 Georgia 0.42 2005
=91 Jordan 0.42 2005
94 Djibouti 0.41 2005
=95 Dominican Republic 0.4 2005
=95 Mauritius 0.4 2005
=95 Namibia 0.4 2005
=98 Suriname 0.39 2005
=98 Senegal 0.39 2005
=98 Chad 0.39 2005
Former Soviet republics average (profile) 0.386 2005
Former French colonies average (profile) 0.381 2005
=101 Morocco 0.38 2005
=101 Mali 0.38 2005
=101 Bulgaria 0.38 2005
=101 Belarus 0.38 2005
105 Colombia 0.37 2005
=106 Sudan 0.36 2005
=106 Syria 0.36 2005
=106 Bolivia 0.36 2005
Sub-Saharan Africa average (profile) 0.353 2005
=109 Samoa 0.35 2005
=109 Mongolia 0.35 2005
=109 Iran 0.35 2005
=112 Indonesia 0.34 2005
=112 Honduras 0.34 2005
=112 Tunisia 0.34 2005
=115 Moldova 0.33 2005
=115 Papua New Guinea 0.33 2005
=115 Argentina 0.33 2005
=115 Cape Verde 0.33 2005
=115 Armenia 0.33 2005
=120 Burkina Faso 0.32 2005
=120 Thailand 0.32 2005
=120 Comoros 0.32 2005
=123 Solomon Islands 0.31 2005
=123 Niger 0.31 2005
=125 Pakistan 0.3 2005
=125 Azerbaijan 0.3 2005
=125 Haiti 0.3 2005
=128 Madagascar 0.29 2005
=128 Federated States of Micronesia 0.29 2005
=130 Central African Republic 0.28 2005
=130 Egypt 0.28 2005
=132 Sierra Leone 0.27 2005
=132 Mauritania 0.27 2005
=132 Mozambique 0.27 2005
=135 Tajikistan 0.26 2005
=135 Uzbekistan 0.26 2005
=135 Paraguay 0.26 2005
=135 Ukraine 0.26 2005
=135 Tonga 0.26 2005
=135 Sri Lanka 0.26 2005
=141 China 0.25 2005
=141 Kyrgyzstan 0.25 2005
=143 Malawi 0.24 2005
=143 Lesotho 0.24 2005
=143 Laos 0.24 2005
=143 Togo 0.24 2005
=143 Nicaragua 0.24 2005
=148 Philippines 0.23 2005
=148 Guinea-Bissau 0.23 2005
=148 Guyana 0.23 2005
=151 Bangladesh 0.21 2005
=151 Sao Tome and Principe 0.21 2005
=151 India 0.21 2005
=151 Vietnam 0.21 2005
=151 Uganda 0.21 2005
=156 Rwanda 0.2 2005
=156 Ghana 0.2 2005
=156 Eritrea 0.2 2005
159 Turkmenistan 0.19 2000
160 Nepal 0.18 2005
=161 Kiribati 0.17 2005
=161 Democratic Republic of the Congo 0.17 2005
=163 Cambodia 0.16 2005
=163 The Gambia 0.16 2005
=165 Ethiopia 0.15 2005
=165 Guinea 0.15 2005
=165 Burundi 0.15 2005
168 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/stats/Economy/Currency/PPP-conversion-factor-to-official-exchange-rate-ratio

Economy > Currency > PPP conversion factor to official exchange rate ratio: Countries Compared Map

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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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