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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.
Currency Statistics > PPP conversion factor to official exchange rate ratio (most recent) by country
Showing latest available data.
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1984
1983
1982
1981
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1975
Rank
Countries
Amount
(top to bottom)
Date
#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
Germany :
1.15
2005 ...
#11
France :
1.15
2005 ...
#12
Finland :
1.15
2005 ...
#13
Australia :
1.13
2005 ...
#14
Japan :
1.13
2005 ...
#15
United Arab Emirates :
1.12
2005 ...
#16
United Kingdom :
1.1
2005 ...
#17
Belgium :
1.1
2005 ...
#18
Lebanon :
1.1
2005 ...
#19
Austria :
1.1
2005 ...
#20
New Zealand :
1.07
2005 ...
#21
Italy :
1.05
2005 ...
#22
Canada :
1.03
2005 ...
#23
Bahamas, The :
1.02
2002 ...
#24
Congo, Republic of the :
1.01
2005 ...
#25
United States :
1
2005 ...
#26
Spain :
0.95
2005 ...
#27
Cyprus :
0.95
2004 ...
#28
Singapore :
0.91
2005 ...
#29
Angola :
0.88
2005 ...
#30
Greece :
0.87
2005 ...
#31
Equatorial Guinea :
0.86
2004 ...
#32
Portugal :
0.85
2005 ...
#33
Jamaica :
0.84
2005 ...
#34
Gabon :
0.84
2005 ...
#35
Antigua and Barbuda :
0.83
2004 ...
#36
Bahrain :
0.83
2005 ...
#37
Venezuela :
0.8
2005 ...
#38
Saudi Arabia :
0.8
2005 ...
#39
Yemen :
0.77
2005 ...
#40
Slovenia :
0.77
2005 ...
#41
Trinidad and Tobago :
0.75
2005 ...
#42
Korea, South :
0.74
2005 ...
#43
Hong Kong :
0.73
2005 ...
#44
Malta :
0.72
2005 ...
#45
Saint Lucia :
0.72
2004 ...
#46
Israel :
0.69
2005 ...
#47
Mexico :
0.69
2005 ...
#48
Saint Kitts and Nevis :
0.67
2004 ...
#49
Nigeria :
0.67
2005 ...
#50
Macau :
0.67
2002 ...
#51
Croatia :
0.66
2005 ...
#52
Ecuador :
0.64
2005 ...
#53
Panama :
0.63
2005 ...
#54
Oman :
0.63
2004 ...
#55
Estonia :
0.63
2005 ...
#56
Hungary :
0.61
2005 ...
#57
Zambia :
0.61
2005 ...
#58
Dominica :
0.61
2004 ...
#59
Turkey :
0.6
2005 ...
#60
Czech Republic :
0.59
2005 ...
#61
Chile :
0.59
2005 ...
#62
Poland :
0.57
2005 ...
#63
Saint Vincent and the Grenadines :
0.55
2005 ...
#64
Côte d'Ivoire :
0.55
2005 ...
#65
Guatemala :
0.55
2005 ...
#66
Slovakia :
0.54
2005 ...
#67
Grenada :
0.54
2004 ...
#68
Fiji :
0.53
2005 ...
#69
Belize :
0.53
2005 ...
#70
Lithuania :
0.52
2005 ...
#71
Seychelles :
0.51
2005 ...
#72
Brazil :
0.51
2005 ...
#73
Swaziland :
0.5
2005 ...
#74
Albania :
0.5
2005 ...
#75
Latvia :
0.5
2005 ...
#76
Romania :
0.5
2005 ...
#77
Vanuatu :
0.5
2005 ...
#78
Russia :
0.49
2005 ...
#79
Uruguay :
0.49
2005 ...
#80
Kazakhstan :
0.48
2005 ...
#81
Malaysia :
0.47
2005 ...
#82
El Salvador :
0.47
2005 ...
#83
Botswana :
0.47
2005 ...
#84
Peru :
0.47
2005 ...
#85
South Africa :
0.46
2005 ...
#86
Benin :
0.45
2005 ...
#87
Cameroon :
0.45
2005 ...
#88
Costa Rica :
0.45
2005 ...
#89
Algeria :
0.44
2005 ...
#90
Kenya :
0.44
2005 ...
#91
Tanzania :
0.42
2005 ...
#92
Jordan :
0.42
2005 ...
#93
Georgia :
0.42
2005 ...
#94
Djibouti :
0.41
2005 ...
#95
Namibia :
0.4
2005 ...
#96
Mauritius :
0.4
2005 ...
#97
Dominican Republic :
0.4
2005 ...
#98
Chad :
0.39
2005 ...
#99
Macedonia, Republic of :
0.39
2005 ...
#100
Suriname :
0.39
2005 ...
#101
Senegal :
0.39
2005 ...
#102
Mali :
0.38
2005 ...
#103
Belarus :
0.38
2005 ...
#104
Bulgaria :
0.38
2005 ...
#105
Morocco :
0.38
2005 ...
#106
Colombia :
0.37
2005 ...
#107
Sudan :
0.36
2005 ...
#108
Syria :
0.36
2005 ...
#109
Bolivia :
0.36
2005 ...
#110
Mongolia :
0.35
2005 ...
#111
Iran :
0.35
2005 ...
#112
Samoa :
0.35
2005 ...
#113
Tunisia :
0.34
2005 ...
#114
Indonesia :
0.34
2005 ...
#115
Honduras :
0.34
2005 ...
#116
Cape Verde :
0.33
2005 ...
#117
Armenia :
0.33
2005 ...
#118
Papua New Guinea :
0.33
2005 ...
#119
Moldova :
0.33
2005 ...
#120
Argentina :
0.33
2005 ...
#121
Thailand :
0.32
2005 ...
#122
Burkina Faso :
0.32
2005 ...
#123
Comoros :
0.32
2005 ...
#124
Niger :
0.31
2005 ...
#125
Solomon Islands :
0.31
2005 ...
#126
Azerbaijan :
0.3
2005 ...
#127
Pakistan :
0.3
2005 ...
#128
Haiti :
0.3
2005 ...