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Currency Statistics > PPP conversion factor to official exchange rate ratio (1981) by country

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Showing values for 1981. Select another time period:
Rank   Countries  Amount  Date  
# 1     Mongolia: 1.97   1981 Time series
# 2     Nigeria: 1.7   1981 Time series
# 3     Kuwait: 1.65   1981 Time series
# 4     Congo, Republic of the: 1.47   1981 Time series
# 5     Sweden: 1.31   1981 Time series
# 6     Saudi Arabia: 1.29   1981 Time series
# 7     Australia: 1.27   1981 Time series
# 8     Oman: 1.27   1981 Time series
# 9     Norway: 1.25   1981 Time series
# 10     Venezuela: 1.22   1981 Time series
# 11     Gabon: 1.2   1981 Time series
# 12     Bahrain: 1.19   1981 Time series
# 13     Iceland: 1.17   1981 Time series
# 14     United Arab Emirates: 1.16   1981 Time series
# 15     Luxembourg: 1.09   1981 Time series
# 16     France: 1.04   1981 Time series
# 17     Switzerland: 1.03   1981 Time series
# 18     Trinidad and Tobago: 1.03   1981 Time series
# 19     Denmark: 1.03   1981 Time series
# 20     Finland: 1.03   1981 Time series
# 21     Canada: 1.01   1981 Time series
# 22     Chile: 1.01   1981 Time series
# 23     United States: 1   1981 Time series
# 24     Netherlands: 0.96   1981 Time series
# 25     Singapore: 0.96   1981 Time series
# 26     Japan: 0.96   1981 Time series
# 27     Germany: 0.96   1981 Time series
# 28     Belgium: 0.95   1981 Time series
# 29     Syria: 0.92   1981 Time series
# 30     United Kingdom: 0.91   1981 Time series
# 31     Zambia: 0.9   1981 Time series
# 32     Ireland: 0.85   1981 Time series
# 33     New Zealand: 0.85   1981 Time series
# 34     Ecuador: 0.84   1981 Time series
# 35     Uruguay: 0.84   1981 Time series
# 36     Austria: 0.84   1981 Time series
# 37     Bahamas, The: 0.83   1981 Time series
# 38     Jamaica: 0.83   1981 Time series
# 39     Iran: 0.83   1981 Time series
# 40     Hong Kong: 0.79   1981 Time series
# 41     Malaysia: 0.73   1981 Time series
# 42     Saint Lucia: 0.73   1981 Time series
# 43     Mexico: 0.73   1981 Time series
# 44     Italy: 0.72   1981 Time series
# 45     Jordan: 0.72   1981 Time series
# 46     Cyprus: 0.71   1981 Time series
# 47     Bulgaria: 0.71   1981 Time series
# 48     Côte d'Ivoire: 0.7   1981 Time series
# 49     Fiji: 0.7   1981 Time series
# 50     Algeria: 0.7   1981 Time series
# 51     Panama: 0.7   1981 Time series
# 52     Sudan: 0.68   1981 Time series
# 53     Indonesia: 0.68   1981 Time series
# 54     Suriname: 0.67   1981 Time series
# 55     Mozambique: 0.67   1981 Time series
# 56     Belize: 0.65   1981 Time series
# 57     Spain: 0.65   1981 Time series
# 58     Antigua and Barbuda: 0.65   1981 Time series
# 59     Zimbabwe: 0.65   1981 Time series
# 60     Malta: 0.64   1981 Time series
# 61     Israel: 0.63   1981 Time series
# 62     Cameroon: 0.63   1981 Time series
# 63     Kenya: 0.63   1981 Time series
# 64     Paraguay: 0.63   1981 Time series
# 65     Korea, South: 0.63   1981 Time series
# 66     Papua New Guinea: 0.62   1981 Time series
# 67     Madagascar: 0.62   1981 Time series
# 68     Sierra Leone: 0.6   1981 Time series
# 69     Benin: 0.59   1981 Time series
# 70     Turkey: 0.58   1981 Time series
# 71     Botswana: 0.58   1981 Time series
# 72     Malawi: 0.57   1981 Time series
# 73     Greece: 0.57   1981 Time series
# 74     Brazil: 0.57   1981 Time series
# 75     Swaziland: 0.56   1981 Time series
# 76     Niger: 0.54   1981 Time series
# 77     Burkina Faso: 0.53   1981 Time series
# 78     Solomon Islands: 0.53   1981 Time series
# 79     Senegal: 0.52   1981 Time series
# 80     Guatemala: 0.52   1981 Time series
# 81     Vanuatu: 0.52   1981 Time series
# 82     Tunisia: 0.51   1981 Time series
# 83     Mauritius: 0.5   1981 Time series
# 84     Namibia: 0.5   1981 Time series
# 85     Portugal: 0.5   1981 Time series
# 86     South Africa: 0.5   1981 Time series
# 87     Dominica: 0.5   1981 Time series
# 88     Saint Kitts and Nevis: 0.49   1981 Time series
# 89     Grenada: 0.49   1981 Time series
# 90     Morocco: 0.49   1981 Time series
# 91     Dominican Republic: 0.48   1981 Time series
# 92     Chad: 0.47   1981 Time series
# 93     Thailand: 0.47   1981 Time series
# 94     Pakistan: 0.46   1981 Time series
# 95     Mali: 0.46   1981 Time series
# 96     Honduras: 0.44   1981 Time series
# 97     Peru: 0.44   1981 Time series
# 98     Burundi: 0.44   1981 Time series
# 99     Seychelles: 0.44   1981 Time series
# 100     Colombia: 0.44   1981 Time series
# 101     Saint Vincent and the Grenadines: 0.43   1981 Time series
# 102     Egypt: 0.42   1981 Time series
# 103     Argentina: 0.42   1981 Time series
# 104     Congo, Democratic Republic of the: 0.42   1981 Time series
# 105     China: 0.41   1981 Time series
# 106     Mauritania: 0.38   1981 Time series
# 107     India: 0.37   1981 Time series
# 108     Bangladesh: 0.37   1981 Time series
# 109     Guyana: 0.37   1981 Time series
# 110     Ghana: 0.37   1981 Time series
# 111     Bolivia: 0.36   1981 Time series
# 112     Ethiopia: 0.35   1981 Time series
# 113     Rwanda: 0.35   1981 Time series
# 114     Hungary: 0.35   1981 Time series
# 115     Guinea-Bissau: 0.35   1981 Time series
# 116     El Salvador: 0.34   1981 Time series
# 117     Lesotho: 0.34   1981 Time series
# 118     Central African Republic: 0.34   1981 Time series
# 119     Gambia, The: 0.33   1981 Time series
# 120     Togo: 0.32   1981 Time series
# 121     Nicaragua: 0.31   1981 Time series
# 122     Comoros: 0.3   1981 Time series
# 123     Costa Rica: 0.3   1981 Time series
# 124     Philippines: 0.3   1981 Time series
# 125     Nepal: 0.28   1981 Time series
# 126     Sri Lanka: 0.27   1981 Time series
# 127     Tonga: 0.25   1981 Time series
# 128     Kiribati: 0.23   1981 Time series
# 129     Haiti: 0.17   1981 Time series
Weighted average: 0.7  


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.

SOURCE: World Development Indicators database

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CITATION

"PPP conversion factor to official exchange rate ratio (1981) by country", World Development Indicators database. Retrieved from http://www.NationMaster.com/graph/cur_ppp_con_fac_to_off_exc_rat_rat-factor-official-exchange-rate-ratio&date=1981

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COMMENTARY     

Andras
30th March 2011 		The definition is wrong.

"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."

Hungary's conversion factor is 0.61, for example. According to the above definition, I'd need 0.61 Hungarian forints to buy the same amount of goods / services in the domestic market that a USD would buy in the US. But 0.61 forints is worth absolutely nothing --it's less than 1 cent.

The definition should read:

DEFINITION: Purchasing power parity conversion factor is the number of units of ***U.S. dollars*** 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.
je
13th June 2010 		I don't understand it.
When I look at the IMF and world bank data I receive different numbers and different factors than the one here.
Are you sure this is correct numbers???
shaft (malaysia)
8th February 2009 		i want the PPP conversion factor to official exchange rate ratio for UAE from 2006 to
thank you
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