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PPP CONVERSION FACTOR TO OFFICIAL EXCHANGE RATE RATIO CURRENCY

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Currency Statistics > PPP conversion factor to official exchange rate ratio (1998) by country

VIEW DATA:   Totals  
Definition     Source      Printable version   
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Showing values for 1998. Select another time period:
Rank   Countries  Amount  Date  
# 1     Switzerland: 1.31   1998 Time series
# 2     Denmark: 1.25   1998 Time series
# 3     Japan: 1.24   1998 Time series
# 4     Sweden: 1.21   1998 Time series
# 5     Lebanon: 1.2   1998 Time series
# 6     Iceland: 1.16   1998 Time series
# 7     Germany: 1.14   1998 Time series
# 8     Hong Kong: 1.13   1998 Time series
# 9     Luxembourg: 1.13   1998 Time series
# 10     Finland: 1.1   1998 Time series
# 11     France: 1.07   1998 Time series
# 12     Norway: 1.06   1998 Time series
# 13     Singapore: 1.06   1998 Time series
# 14     Austria: 1.03   1998 Time series
# 15     Belgium: 1.02   1998 Time series
# 16     Netherlands: 1.01   1998 Time series
# 17     Ireland: 1.01   1998 Time series
# 18     United States: 1   1998 Time series
# 19     United Kingdom: 1   1998 Time series
# 20     Bahamas, The: 0.94   1998 Time series
# 21     Italy: 0.92   1998 Time series
# 22     Antigua and Barbuda: 0.89   1998 Time series
# 23     Jamaica: 0.88   1998 Time series
# 24     Australia: 0.86   1998 Time series
# 25     Canada: 0.83   1998 Time series
# 26     Israel: 0.82   1998 Time series
# 27     New Zealand: 0.81   1998 Time series
# 28     Cyprus: 0.8   1998 Time series
# 29     United Arab Emirates: 0.79   1998 Time series
# 30     Saint Lucia: 0.78   1998 Time series
# 31     Spain: 0.76   1998 Time series
# 32     Uruguay: 0.75   1998 Time series
# 33     Macau: 0.75   1998 Time series
# 34     Greece: 0.75   1998 Time series
# 35     Slovenia: 0.71   1998 Time series
# 36     Portugal: 0.71   1998 Time series
# 37     Brazil: 0.69   1998 Time series
# 38     Panama: 0.68   1998 Time series
# 39     Argentina: 0.67   1998 Time series
# 40     Bahrain: 0.67   1998 Time series
# 41     Dominica: 0.67   1998 Time series
# 42     Venezuela: 0.66   1998 Time series
# 43     Saint Kitts and Nevis: 0.65   1998 Time series
# 44     Kuwait: 0.64   1998 Time series
# 45     Belize: 0.62   1998 Time series
# 46     Chile: 0.61   1998 Time series
# 47     Trinidad and Tobago: 0.59   1998 Time series
# 48     Ecuador: 0.58   1998 Time series
# 49     Malta: 0.58   1998 Time series
# 50     Congo, Republic of the: 0.58   1998 Time series
# 51     Gabon: 0.58   1998 Time series
# 52     Saint Vincent and the Grenadines: 0.57   1998 Time series
# 53     Croatia: 0.56   1998 Time series
# 54     Grenada: 0.56   1998 Time series
# 55     Korea, South: 0.56   1998 Time series
# 56     Saudi Arabia: 0.56   1998 Time series
# 57     Mexico: 0.54   1998 Time series
# 58     Tanzania: 0.52   1998 Time series
# 59     Costa Rica: 0.5   1998 Time series
# 60     Oman: 0.5   1998 Time series
# 61     Peru: 0.5   1998 Time series
# 62     Côte d'Ivoire: 0.49   1998 Time series
# 63     Seychelles: 0.49   1998 Time series
# 64     Turkey: 0.49   1998 Time series
# 65     Poland: 0.48   1998 Time series
# 66     Guatemala: 0.48   1998 Time series
# 67     Yemen: 0.48   1998 Time series
# 68     Estonia: 0.48   1998 Time series
# 69     Kenya: 0.47   1998 Time series
# 70     El Salvador: 0.46   1998 Time series
# 71     Bolivia: 0.46   1998 Time series
# 72     Uzbekistan: 0.46   1998 Time series
# 73     Fiji: 0.45   1998 Time series
# 74     Malaysia: 0.44   1998 Time series
# 75     Jordan: 0.44   1998 Time series
# 76     Vanuatu: 0.44   1998 Time series
# 77     Botswana: 0.43   1998 Time series
# 78     Czech Republic: 0.43   1998 Time series
# 79     Zambia: 0.42   1998 Time series
# 80     Georgia: 0.42   1998 Time series
# 81     Hungary: 0.41   1998 Time series
# 82     Djibouti: 0.41   1998 Time series
# 83     Egypt: 0.41   1998 Time series
# 84     Mauritius: 0.41   1998 Time series
# 85     Latvia: 0.41   1998 Time series
# 86     Colombia: 0.4   1998 Time series
# 87     Suriname: 0.4   1998 Time series
# 88     Kazakhstan: 0.4   1998 Time series
# 89     Slovakia: 0.4   1998 Time series
# 90     Lithuania: 0.39   1998 Time series
# 91     Tunisia: 0.38   1998 Time series
# 92     Benin: 0.38   1998 Time series
# 93     Morocco: 0.38   1998 Time series
# 94     South Africa: 0.38   1998 Time series
# 95     Belarus: 0.36   1998 Time series
# 96     Senegal: 0.36   1998 Time series
# 97     Solomon Islands: 0.36   1998 Time series
# 98     Angola: 0.35   1998 Time series
# 99     Cameroon: 0.35   1998 Time series
# 100     Paraguay: 0.35   1998 Time series
# 101     Nigeria: 0.35   1998 Time series
# 102     Dominican Republic: 0.35   1998 Time series
# 103     Swaziland: 0.34   1998 Time series
# 104     Namibia: 0.34   1998 Time series
# 105     Papua New Guinea: 0.33   1998 Time series
# 106     Macedonia, Republic of: 0.33   1998 Time series
# 107     Thailand: 0.33   1998 Time series
# 108     Romania: 0.33   1998 Time series
# 109     Algeria: 0.32   1998 Time series
# 110     Cape Verde: 0.32   1998 Time series
# 111     Micronesia, Federated States of: 0.32   1998 Time series
# 112     Russia: 0.32   1998 Time series
# 113     Sierra Leone: 0.32   1998 Time series
# 114     Mali: 0.32   1998 Time series
# 115     Madagascar: 0.31   1998 Time series
# 116     Samoa: 0.31   1998 Time series
# 117     Tajikistan: 0.31   1998 Time series
# 118     Mozambique: 0.31   1998 Time series
# 119     Haiti: 0.31   1998 Time series
# 120     Rwanda: 0.31   1998 Time series
# 121     Iran: 0.31   1998 Time series
# 122     Equatorial Guinea: 0.3   1998 Time series
# 123     Honduras: 0.3   1998 Time series
# 124     Moldova: 0.3   1998 Time series
# 125     Syria: 0.29   1998 Time series
# 126     Albania: 0.29   1998 Time series
# 127     Bulgaria: 0.29   1998 Time series
# 128     Mongolia: 0.29   1998 Time series
# 129     Armenia: 0.29   1998 Time series
# 130     Malawi: 0.28   1998 Time series
# 131     Azerbaijan: 0.28   1998 Time series
# 132     Burkina Faso: 0.28   1998 Time series
# 133     Mauritania: 0.27   1998 Time series
# 134     Nicaragua: 0.27   1998 Time series
# 135     Chad: 0.27   1998 Time series
# 136     Pakistan: 0.27   1998 Time series
# 137     Sri Lanka: 0.27   1998 Time series
# 138     Uganda: 0.27   1998 Time series
# 139     Sudan: 0.27   1998 Time series
# 140     Niger: 0.26   1998 Time series
# 141     Guyana: 0.26   1998 Time series
# 142     Bangladesh: 0.26   1998 Time series
# 143     Tonga: 0.26   1998 Time series
# 144     Comoros: 0.25   1998 Time series
# 145     China: 0.25   1998 Time series
# 146     Central African Republic: 0.25   1998 Time series
# 147     Kyrgyzstan: 0.25   1998 Time series
# 148     Philippines: 0.24   1998 Time series
# 149     Guinea: 0.24   1998 Time series
# 150     Turkmenistan: 0.24   1998 Time series
# 151     Togo: 0.23   1998 Time series
# 152     Gambia, The: 0.23   1998 Time series
# 153     Ukraine: 0.23   1998 Time series
# 154     Ghana: 0.22   1998 Time series
# 155     Burundi: 0.22   1998 Time series
# 156     Guinea-Bissau: 0.21   1998 Time series
# 157     India: 0.2   1998 Time series
# 158     Vietnam: 0.2   1998 Time series
# 159     Lesotho: 0.2   1998 Time series
# 160     Congo, Democratic Republic of the: 0.19   1998 Time series
# 161     Laos: 0.19   1998 Time series
# 162     Zimbabwe: 0.18   1998 Time series
# 163     Cambodia: 0.18   1998 Time series
# 164     São Tomé and Príncipe: 0.18   1998 Time series
# 165     Eritrea: 0.18   1998 Time series
# 166     Nepal: 0.17   1998 Time series
# 167     Ethiopia: 0.17   1998 Time series
# 168     Indonesia: 0.17   1998 Time series
# 169     Kiribati: 0.13   1998 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

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CITATION

"PPP conversion factor to official exchange rate ratio (1998) 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=1998

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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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