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

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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Iraq 1.55 2012
2 Norway 1.52 2012
3 Australia 1.5 2012
4 Switzerland 1.48 2012
5 Denmark 1.34 2012
6 Japan 1.33 2012
7 Sweden 1.28 2012
8 Canada 1.23 2012
9 Finland 1.19 2012
10 Luxembourg 1.18 2012
11 New Zealand 1.17 2012
12 Kuwait 1.14 2011
13 Iceland 1.13 2012
Group of 7 countries (G7) average (profile) 1.1 2012
14 France 1.1 2012
15 Qatar 1.1 2011
16 Belgium 1.09 2012
17 Israel 1.09 2011
18 Suriname 1.08 2012
19 Guyana 1.07 2012
20 Austria 1.07 2012
21 Netherlands 1.07 2012
22 Ireland 1.05 2012
23 United Kingdom 1.04 2012
High income OECD countries average (profile) 1.04 2012
24 Germany 1.01 2012
25 United States 1 2012
26 Italy 0.998 2012
27 United Arab Emirates 0.971 2011
28 Brazil 0.968 2012
29 Venezuela 0.959 2012
Non-religious countries average (profile) 0.955 2012
OPEC countries average (profile) 0.943 2011
30 Bahrain 0.943 2011
31 Uruguay 0.932 2012
Eurozone average (profile) 0.928 2012
32 Tonga 0.921 2012
33 Fiji 0.916 2012
34 Angola 0.913 2012
35 Macau 0.907 2012
36 Eritrea 0.905 2012
37 Oman 0.896 2011
38 Spain 0.893 2012
39 Kazakhstan 0.887 2012
40 Zambia 0.872 2012
European Union average (profile) 0.872 2012
41 Greece 0.872 2012
NATO countries average (profile) 0.857 2012
42 Singapore 0.85 2012
43 Cyprus 0.847 2012
44 Federated States of Micronesia 0.847 2012
Middle Eastern and North Africa average (profile) 0.84 2011
45 Jordan 0.813 2012
46 Equatorial Guinea 0.808 2012
47 Samoa 0.806 2012
48 Saudi Arabia 0.805 2012
Heavily indebted countries average (profile) 0.803 2012
Cold countries average (profile) 0.802 2012
49 Slovenia 0.801 2012
Europe average (profile) 0.801 2012
50 Ghana 0.797 2012
51 Portugal 0.794 2012
52 Brunei 0.784 2012
53 Saint Kitts and Nevis 0.779 2012
54 Namibia 0.777 2012
55 Sao Tome and Principe 0.768 2012
56 Papua New Guinea 0.766 2012
Christian countries average (profile) 0.763 2011
57 Cape Verde 0.763 2012
East Asia and Pacific average (profile) 0.761 2012
58 Colombia 0.742 2012
59 Costa Rica 0.737 2012
60 Maldives 0.736 2012
61 South Korea 0.733 2012
Catholic countries average (profile) 0.731 2012
62 Sudan 0.731 2012
63 Indonesia 0.729 2012
64 Republic of the Congo 0.724 2012
65 Hong Kong 0.72 2012
Former British colonies average (profile) 0.718 2011
66 Malta 0.718 2012
67 Gabon 0.714 2012
68 Azerbaijan 0.708 2012
69 Estonia 0.707 2012
70 The Bahamas 0.704 2012
71 Vanuatu 0.703 2012
72 Czech Republic 0.7 2012
73 Chile 0.691 2012
74 Comoros 0.686 2012
75 Mongolia 0.684 2012
76 Lebanon 0.675 2012
77 China 0.671 2012
78 Slovakia 0.669 2012
79 South Africa 0.667 2012
80 Grenada 0.665 2012
81 Guatemala 0.664 2012
82 Kiribati 0.663 2012
83 Croatia 0.662 2012
84 Trinidad and Tobago 0.657 2012
Muslim countries average (profile) 0.654 2011
85 Turkmenistan 0.653 2012
Former Spanish colonies average (profile) 0.651 2012
86 Antigua and Barbuda 0.648 2012
87 Liberia 0.648 2012
88 East Timor 0.643 2012
89 Latvia 0.639 2012
90 Haiti 0.638 2012
91 Algeria 0.633 2012
92 Paraguay 0.632 2012
93 Peru 0.631 2012
94 Democratic Republic of the Congo 0.63 2012
Religious countries average (profile) 0.626 2012
Emerging markets average (profile) 0.626 2012
failed states average (profile) 0.624 2012
95 Belize 0.622 2011
96 Cote d'Ivoire 0.62 2012
97 Lesotho 0.618 2012
98 Malaysia 0.617 2012
99 Syria 0.615 2012
100 Yemen 0.61 2012
101 Moldova 0.605 2012
102 Georgia 0.601 2012
103 Saint Lucia 0.599 2012
104 Russia 0.597 2012
105 Solomon Islands 0.597 2012
106 Libya 0.596 2009
107 Philippines 0.596 2012
108 Jamaica 0.59 2005
109 Saint Vincent and the Grenadines 0.59 2012
110 Swaziland 0.589 2012
111 Palau 0.588 2012
112 Nigeria 0.583 2012
113 Panama 0.583 2012
114 Mexico 0.583 2012
115 Lithuania 0.582 2012
116 Turkey 0.581 2012
Former Soviet republics average (profile) 0.581 2012
117 Mali 0.581 2012
Sub-Saharan Africa average (profile) 0.577 2012
118 Poland 0.573 2012
119 Dominican Republic 0.572 2012
120 Hungary 0.571 2012
121 Thailand 0.567 2012
Hot countries average (profile) 0.565 2007
122 Barbados 0.563 2012
123 Ecuador 0.563 2012
Potential Future EU Members average (profile) 0.562 2012
Latin America and Caribbean average (profile) 0.562 2006
124 Mozambique 0.561 2012
Eastern Europe average (profile) 0.561 2012
125 Honduras 0.556 2012
126 Morocco 0.556 2012
127 Togo 0.555 2012
128 Mauritius 0.545 2012
129 Kenya 0.543 2012
130 El Salvador 0.542 2012
131 Dominica 0.539 2012
Former French colonies average (profile) 0.537 2012
132 Senegal 0.536 2012
133 Romania 0.531 2012
134 Ukraine 0.53 2012
135 Niger 0.513 2012
South and Central Asia average (profile) 0.512 2012
136 Cameroon 0.505 2012
137 Bolivia 0.496 2012
138 Egypt 0.492 2012
139 Laos 0.492 2012
140 Montenegro 0.49 2012
141 Kyrgyzstan 0.489 2012
142 Djibouti 0.489 2007
143 Uzbekistan 0.486 2012
144 Bosnia and Herzegovina 0.485 2012
145 Chad 0.485 2012
146 Benin 0.483 2012
147 Seychelles 0.481 2012
148 Sri Lanka 0.476 2012
149 Sierra Leone 0.475 2012
150 Nepal 0.474 2012
151 Guinea 0.468 2012
152 Rwanda 0.465 2012
153 Madagascar 0.465 2012
154 Vietnam 0.463 2012
155 Pakistan 0.458 2012
156 Argentina 0.457 2006
157 Burundi 0.455 2012
158 Botswana 0.449 2012
159 Guinea-Bissau 0.449 2012
160 Central African Republic 0.448 2012
161 Afghanistan 0.44 2012
162 Serbia 0.44 2012
163 Tunisia 0.44 2012
164 Nicaragua 0.438 2012
165 Belarus 0.436 2012
166 Iran 0.436 2009
167 Bulgaria 0.435 2012
168 Mauritania 0.432 2012
169 Burkina Faso 0.426 2012
170 Albania 0.425 2012
South Asia average (profile) 0.412 2012
171 Uganda 0.411 2012
172 Ethiopia 0.409 2012
173 Bangladesh 0.406 2012
174 Armenia 0.398 2012
175 Tajikistan 0.397 2012
176 India 0.391 2012
177 Tanzania 0.387 2012
178 Republic of Macedonia 0.386 2012
179 Cambodia 0.385 2012
180 Bhutan 0.364 2012
181 Malawi 0.356 2012
182 The Gambia 0.267 2012

Citation

"Countries Compared by Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio. International Statistics at NationMaster.com", World Bank, International Comparison Program database. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Currency/PPP-conversion-factor/GDP-to-market-exchange-rate-ratio

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