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PPP conversion factor to official exchange rate ratio (1989) by country

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Currency Statistics > PPP conversion factor to official exchange rate ratio (1989) by country

VIEW DATA:   Totals  
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Showing values for 1989. Select another time period:
Rank   Countries  Amount  Date  
# 1     Mongolia: 1.44   1989 Time series
# 2     Sweden: 1.35   1989 Time series
# 3     Japan: 1.35   1989 Time series
# 4     Finland: 1.32   1989 Time series
# 5     Switzerland: 1.21   1989 Time series
# 6     Norway: 1.21   1989 Time series
# 7     Denmark: 1.19   1989 Time series
# 8     Australia: 1.16   1989 Time series
# 9     Iceland: 1.15   1989 Time series
# 10     Canada: 1.1   1989 Time series
# 11     Germany: 1.07   1989 Time series
# 12     France: 1.05   1989 Time series
# 13     Luxembourg: 1.05   1989 Time series
# 14     United States: 1   1989 Time series
# 15     Congo, Republic of the: 0.99   1989 Time series
# 16     Austria: 0.98   1989 Time series
# 17     Netherlands: 0.96   1989 Time series
# 18     Ireland: 0.95   1989 Time series
# 19     Italy: 0.94   1989 Time series
# 20     Belgium: 0.94   1989 Time series
# 21     New Zealand: 0.94   1989 Time series
# 22     Kuwait: 0.93   1989 Time series
# 23     Singapore: 0.92   1989 Time series
# 24     United Arab Emirates: 0.9   1989 Time series
# 25     Bahamas, The: 0.9   1989 Time series
# 26     Gabon: 0.9   1989 Time series
# 27     Antigua and Barbuda: 0.87   1989 Time series
# 28     United Kingdom: 0.87   1989 Time series
# 29     Bahrain: 0.84   1989 Time series
# 30     Hong Kong: 0.79   1989 Time series
# 31     Spain: 0.78   1989 Time series
# 32     Jamaica: 0.76   1989 Time series
# 33     Korea, South: 0.76   1989 Time series
# 34     Saint Lucia: 0.73   1989 Time series
# 35     Israel: 0.72   1989 Time series
# 36     Cyprus: 0.71   1989 Time series
# 37     Sudan: 0.67   1989 Time series
# 38     Trinidad and Tobago: 0.65   1989 Time series
# 39     Belize: 0.64   1989 Time series
# 40     Zambia: 0.64   1989 Time series
# 41     Iran: 0.64   1989 Time series
# 42     Angola: 0.63   1989 Time series
# 43     Malta: 0.62   1989 Time series
# 44     Panama: 0.62   1989 Time series
# 45     Saudi Arabia: 0.61   1989 Time series
# 46     Dominica: 0.61   1989 Time series
# 47     Oman: 0.61   1989 Time series
# 48     Greece: 0.6   1989 Time series
# 49     Lebanon: 0.59   1989 Time series
# 50     Brazil: 0.59   1989 Time series
# 51     Côte d'Ivoire: 0.58   1989 Time series
# 52     Saint Kitts and Nevis: 0.57   1989 Time series
# 53     Papua New Guinea: 0.56   1989 Time series
# 54     Cameroon: 0.55   1989 Time series
# 55     Grenada: 0.55   1989 Time series
# 56     Senegal: 0.55   1989 Time series
# 57     Portugal: 0.55   1989 Time series
# 58     Macau: 0.54   1989 Time series
# 59     Malaysia: 0.54   1989 Time series
# 60     Algeria: 0.52   1989 Time series
# 61     Botswana: 0.52   1989 Time series
# 62     Uruguay: 0.51   1989 Time series
# 63     Chile: 0.5   1989 Time series
# 64     Venezuela: 0.5   1989 Time series
# 65     Fiji: 0.5   1989 Time series
# 66     South Africa: 0.49   1989 Time series
# 67     Uganda: 0.49   1989 Time series
# 68     Seychelles: 0.48   1989 Time series
# 69     Saint Vincent and the Grenadines: 0.48   1989 Time series
# 70     Turkey: 0.48   1989 Time series
# 71     Mexico: 0.47   1989 Time series
# 72     Costa Rica: 0.47   1989 Time series
# 73     Bolivia: 0.46   1989 Time series
# 74     Malawi: 0.45   1989 Time series
# 75     Benin: 0.45   1989 Time series
# 76     Burkina Faso: 0.45   1989 Time series
# 77     Jordan: 0.44   1989 Time series
# 78     Tanzania: 0.44   1989 Time series
# 79     Vanuatu: 0.44   1989 Time series
# 80     Solomon Islands: 0.43   1989 Time series
# 81     Bulgaria: 0.43   1989 Time series
# 82     Nigeria: 0.43   1989 Time series
# 83     Estonia: 0.43   1989 Time series
# 84     Syria: 0.42   1989 Time series
# 85     Mauritius: 0.42   1989 Time series
# 86     Kenya: 0.42   1989 Time series
# 87     Mali: 0.41   1989 Time series
# 88     Thailand: 0.41   1989 Time series
# 89     Central African Republic: 0.41   1989 Time series
# 90     Russia: 0.41   1989 Time series
# 91     Rwanda: 0.41   1989 Time series
# 92     Niger: 0.41   1989 Time series
# 93     Namibia: 0.39   1989 Time series
# 94     Zimbabwe: 0.39   1989 Time series
# 95     Morocco: 0.38   1989 Time series
# 96     Slovakia: 0.38   1989 Time series
# 97     Sierra Leone: 0.37   1989 Time series
# 98     Ecuador: 0.37   1989 Time series
# 99     Guatemala: 0.37   1989 Time series
# 100     Tunisia: 0.37   1989 Time series
# 101     Indonesia: 0.36   1989 Time series
# 102     Ethiopia: 0.36   1989 Time series
# 103     Latvia: 0.36   1989 Time series
# 104     Equatorial Guinea: 0.35   1989 Time series
# 105     Honduras: 0.34   1989 Time series
# 106     Mozambique: 0.34   1989 Time series
# 107     Egypt: 0.34   1989 Time series
# 108     Argentina: 0.33   1989 Time series
# 109     Chad: 0.33   1989 Time series
# 110     El Salvador: 0.32   1989 Time series
# 111     Cape Verde: 0.32   1989 Time series
# 112     Romania: 0.32   1989 Time series
# 113     Mauritania: 0.32   1989 Time series
# 114     Comoros: 0.32   1989 Time series
# 115     Suriname: 0.31   1989 Time series
# 116     Pakistan: 0.3   1989 Time series
# 117     Micronesia, Federated States of: 0.3   1989 Time series
# 118     Swaziland: 0.3   1989 Time series
# 119     Peru: 0.3   1989 Time series
# 120     Paraguay: 0.3   1989 Time series
# 121     Hungary: 0.3   1989 Time series
# 122     São Tomé and Príncipe: 0.29   1989 Time series
# 123     Guinea: 0.29   1989 Time series
# 124     Togo: 0.29   1989 Time series
# 125     Madagascar: 0.29   1989 Time series
# 126     Burundi: 0.29   1989 Time series
# 127     Bangladesh: 0.29   1989 Time series
# 128     India: 0.28   1989 Time series
# 129     Guinea-Bissau: 0.28   1989 Time series
# 130     Ghana: 0.28   1989 Time series
# 131     Albania: 0.27   1989 Time series
# 132     Colombia: 0.27   1989 Time series
# 133     Guyana: 0.26   1989 Time series
# 134     Tonga: 0.26   1989 Time series
# 135     Dominican Republic: 0.26   1989 Time series
# 136     Philippines: 0.25   1989 Time series
# 137     China: 0.25   1989 Time series
# 138     Nepal: 0.24   1989 Time series
# 139     Gambia, The: 0.24   1989 Time series
# 140     Sri Lanka: 0.24   1989 Time series
# 141     Ukraine: 0.22   1989 Time series
# 142     Laos: 0.22   1989 Time series
# 143     Haiti: 0.22   1989 Time series
# 144     Lesotho: 0.21   1989 Time series
# 145     Samoa: 0.21   1989 Time series
# 146     Congo, Democratic Republic of the: 0.2   1989 Time series
# 147     Turkmenistan: 0.19   1989 Time series
# 148     Kiribati: 0.15   1989 Time series
# 149     Nicaragua: 0.12   1989 Time series
# 150     Vietnam: 0.11   1989 Time series
Weighted average: 0.5  


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

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CITATION

"PPP conversion factor to official exchange rate ratio (1989) 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=1989

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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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