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Currency Statistics > PPP conversion factor to official exchange rate ratio (1987) by country

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Showing values for 1987. Select another time period:
Rank   Countries  Amount  Date  
# 1     Mongolia: 1.43   1987 Time series
# 2     Switzerland: 1.34   1987 Time series
# 3     Japan: 1.34   1987 Time series
# 4     Sweden: 1.28   1987 Time series
# 5     Denmark: 1.27   1987 Time series
# 6     Iceland: 1.21   1987 Time series
# 7     Norway: 1.2   1987 Time series
# 8     Finland: 1.2   1987 Time series
# 9     Germany: 1.16   1987 Time series
# 10     France: 1.13   1987 Time series
# 11     Luxembourg: 1.11   1987 Time series
# 12     Netherlands: 1.06   1987 Time series
# 13     Congo, Republic of the: 1.06   1987 Time series
# 14     Austria: 1.05   1987 Time series
# 15     Kuwait: 1.04   1987 Time series
# 16     Sudan: 1.02   1987 Time series
# 17     United States: 1   1987 Time series
# 18     Belgium: 1   1987 Time series
# 19     Ireland: 0.98   1987 Time series
# 20     Australia: 0.96   1987 Time series
# 21     Canada: 0.96   1987 Time series
# 22     Italy: 0.95   1987 Time series
# 23     Gabon: 0.93   1987 Time series
# 24     United Arab Emirates: 0.92   1987 Time series
# 25     Bahamas, The: 0.92   1987 Time series
# 26     New Zealand: 0.88   1987 Time series
# 27     Bahrain: 0.85   1987 Time series
# 28     Suriname: 0.83   1987 Time series
# 29     Singapore: 0.82   1987 Time series
# 30     United Kingdom: 0.81   1987 Time series
# 31     Antigua and Barbuda: 0.8   1987 Time series
# 32     Vietnam: 0.78   1987 Time series
# 33     Iran: 0.77   1987 Time series
# 34     Saint Lucia: 0.74   1987 Time series
# 35     Trinidad and Tobago: 0.74   1987 Time series
# 36     Cyprus: 0.72   1987 Time series
# 37     Spain: 0.71   1987 Time series
# 38     Uganda: 0.71   1987 Time series
# 39     Algeria: 0.69   1987 Time series
# 40     Hong Kong: 0.69   1987 Time series
# 41     Jamaica: 0.68   1987 Time series
# 42     Côte d'Ivoire: 0.67   1987 Time series
# 43     Panama: 0.67   1987 Time series
# 44     Bulgaria: 0.65   1987 Time series
# 45     Belize: 0.65   1987 Time series
# 46     Saudi Arabia: 0.64   1987 Time series
# 47     Malta: 0.64   1987 Time series
# 48     Oman: 0.64   1987 Time series
# 49     Israel: 0.63   1987 Time series
# 50     Jordan: 0.63   1987 Time series
# 51     Senegal: 0.61   1987 Time series
# 52     Korea, South: 0.59   1987 Time series
# 53     Cameroon: 0.59   1987 Time series
# 54     Fiji: 0.58   1987 Time series
# 55     Dominica: 0.58   1987 Time series
# 56     Greece: 0.58   1987 Time series
# 57     Malaysia: 0.58   1987 Time series
# 58     Angola: 0.57   1987 Time series
# 59     Venezuela: 0.56   1987 Time series
# 60     Papua New Guinea: 0.54   1987 Time series
# 61     Saint Kitts and Nevis: 0.54   1987 Time series
# 62     Portugal: 0.54   1987 Time series
# 63     Syria: 0.53   1987 Time series
# 64     Nigeria: 0.53   1987 Time series
# 65     Grenada: 0.51   1987 Time series
# 66     Benin: 0.5   1987 Time series
# 67     Seychelles: 0.49   1987 Time series
# 68     Saint Vincent and the Grenadines: 0.49   1987 Time series
# 69     Niger: 0.49   1987 Time series
# 70     Kenya: 0.48   1987 Time series
# 71     Botswana: 0.48   1987 Time series
# 72     Mali: 0.48   1987 Time series
# 73     Bolivia: 0.48   1987 Time series
# 74     Uruguay: 0.47   1987 Time series
# 75     South Africa: 0.47   1987 Time series
# 76     Argentina: 0.47   1987 Time series
# 77     Macau: 0.47   1987 Time series
# 78     Costa Rica: 0.47   1987 Time series
# 79     Burkina Faso: 0.47   1987 Time series
# 80     Honduras: 0.46   1987 Time series
# 81     Chile: 0.46   1987 Time series
# 82     Slovakia: 0.45   1987 Time series
# 83     Vanuatu: 0.44   1987 Time series
# 84     Turkey: 0.43   1987 Time series
# 85     Central African Republic: 0.43   1987 Time series
# 86     Mozambique: 0.43   1987 Time series
# 87     Egypt: 0.42   1987 Time series
# 88     Ecuador: 0.42   1987 Time series
# 89     Mauritius: 0.41   1987 Time series
# 90     Brazil: 0.41   1987 Time series
# 91     Laos: 0.41   1987 Time series
# 92     Zambia: 0.41   1987 Time series
# 93     Rwanda: 0.41   1987 Time series
# 94     Nicaragua: 0.41   1987 Time series
# 95     Equatorial Guinea: 0.4   1987 Time series
# 96     Zimbabwe: 0.39   1987 Time series
# 97     Thailand: 0.39   1987 Time series
# 98     Tunisia: 0.39   1987 Time series
# 99     Morocco: 0.38   1987 Time series
# 100     Namibia: 0.38   1987 Time series
# 101     Estonia: 0.38   1987 Time series
# 102     São Tomé and Príncipe: 0.38   1987 Time series
# 103     Malawi: 0.37   1987 Time series
# 104     Solomon Islands: 0.37   1987 Time series
# 105     Guatemala: 0.36   1987 Time series
# 106     Ethiopia: 0.35   1987 Time series
# 107     Chad: 0.35   1987 Time series
# 108     Madagascar: 0.34   1987 Time series
# 109     Cape Verde: 0.34   1987 Time series
# 110     Mauritania: 0.34   1987 Time series
# 111     Comoros: 0.34   1987 Time series
# 112     Burundi: 0.33   1987 Time series
# 113     Mexico: 0.33   1987 Time series
# 114     India: 0.33   1987 Time series
# 115     Indonesia: 0.33   1987 Time series
# 116     Ghana: 0.32   1987 Time series
# 117     Togo: 0.32   1987 Time series
# 118     Paraguay: 0.32   1987 Time series
# 119     El Salvador: 0.32   1987 Time series
# 120     Latvia: 0.32   1987 Time series
# 121     Swaziland: 0.31   1987 Time series
# 122     Pakistan: 0.3   1987 Time series
# 123     Guinea: 0.3   1987 Time series
# 124     Peru: 0.3   1987 Time series
# 125     Hungary: 0.29   1987 Time series
# 126     Colombia: 0.29   1987 Time series
# 127     Bangladesh: 0.29   1987 Time series
# 128     Albania: 0.29   1987 Time series
# 129     Romania: 0.29   1987 Time series
# 130     Micronesia, Federated States of: 0.29   1987 Time series
# 131     Sierra Leone: 0.28   1987 Time series
# 132     Guinea-Bissau: 0.27   1987 Time series
# 133     Dominican Republic: 0.26   1987 Time series
# 134     Sri Lanka: 0.25   1987 Time series
# 135     Nepal: 0.24   1987 Time series
# 136     China: 0.24   1987 Time series
# 137     Guyana: 0.24   1987 Time series
# 138     Lesotho: 0.23   1987 Time series
# 139     Philippines: 0.23   1987 Time series
# 140     Gambia, The: 0.22   1987 Time series
# 141     Samoa: 0.21   1987 Time series
# 142     Tonga: 0.21   1987 Time series
# 143     Haiti: 0.2   1987 Time series
# 144     Ukraine: 0.19   1987 Time series
# 145     Congo, Democratic Republic of the: 0.18   1987 Time series
# 146     Turkmenistan: 0.17   1987 Time series
# 147     Kiribati: 0.14   1987 Time series
Weighted average: 0.6  


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

See also

See this stat for year: 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975

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CITATION

"PPP conversion factor to official exchange rate ratio (1987) 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=1987

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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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