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Currency Statistics > PPP conversion factor to official exchange rate ratio (2003) by country

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Showing values for 2003. Select another time period:
Rank   Countries  Amount  Date  
# 1     Switzerland: 1.34   2003 Time series
# 2     Norway: 1.3   2003 Time series
# 3     Denmark: 1.29   2003 Time series
# 4     Luxembourg: 1.21   2003 Time series
# 5     Iceland: 1.2   2003 Time series
# 6     Japan: 1.18   2003 Time series
# 7     Sweden: 1.17   2003 Time series
# 8     Ireland: 1.14   2003 Time series
# 9     Lebanon: 1.13   2003 Time series
# 10     Netherlands: 1.1   2003 Time series
# 11     Germany: 1.09   2003 Time series
# 12     Finland: 1.08   2003 Time series
# 13     France: 1.07   2003 Time series
# 14     Austria: 1.02   2003 Time series
# 15     Belgium: 1.01   2003 Time series
# 16     United Kingdom: 1   2003 Time series
# 17     United States: 1   2003 Time series
# 18     Italy: 0.96   2003 Time series
# 19     United Arab Emirates: 0.96   2003 Time series
# 20     Australia: 0.94   2003 Time series
# 21     Canada: 0.89   2003 Time series
# 22     New Zealand: 0.88   2003 Time series
# 23     Singapore: 0.88   2003 Time series
# 24     Kuwait: 0.87   2003 Time series
# 25     Equatorial Guinea: 0.87   2003 Time series
# 26     Cyprus: 0.86   2003 Time series
# 27     Antigua and Barbuda: 0.84   2003 Time series
# 28     Congo, Republic of the: 0.84   2003 Time series
# 29     Spain: 0.84   2003 Time series
# 30     Hong Kong: 0.81   2003 Time series
# 31     Jamaica: 0.79   2003 Time series
# 32     Greece: 0.78   2003 Time series
# 33     Portugal: 0.77   2003 Time series
# 34     Bahrain: 0.74   2003 Time series
# 35     Saint Lucia: 0.73   2003 Time series
# 36     Israel: 0.72   2003 Time series
# 37     Slovenia: 0.72   2003 Time series
# 38     Gabon: 0.69   2003 Time series
# 39     Trinidad and Tobago: 0.68   2003 Time series
# 40     Malta: 0.67   2003 Time series
# 41     Saint Kitts and Nevis: 0.67   2003 Time series
# 42     Korea, South: 0.66   2003 Time series
# 43     Saudi Arabia: 0.66   2003 Time series
# 44     Venezuela: 0.65   2003 Time series
# 45     Mexico: 0.65   2003 Time series
# 46     Dominica: 0.64   2003 Time series
# 47     Panama: 0.64   2003 Time series
# 48     Yemen: 0.63   2003 Time series
# 49     Ecuador: 0.6   2003 Time series
# 50     Oman: 0.6   2003 Time series
# 51     Saint Vincent and the Grenadines: 0.58   2003 Time series
# 52     Croatia: 0.58   2003 Time series
# 53     Estonia: 0.55   2003 Time series
# 54     Belize: 0.54   2003 Time series
# 55     Grenada: 0.54   2003 Time series
# 56     Hungary: 0.53   2003 Time series
# 57     Angola: 0.53   2003 Time series
# 58     Seychelles: 0.52   2003 Time series
# 59     Czech Republic: 0.51   2003 Time series
# 60     Côte d'Ivoire: 0.5   2003 Time series
# 61     Turkey: 0.49   2003 Time series
# 62     Fiji: 0.48   2003 Time series
# 63     Guatemala: 0.48   2003 Time series
# 64     Nigeria: 0.47   2003 Time series
# 65     Poland: 0.47   2003 Time series
# 66     El Salvador: 0.46   2003 Time series
# 67     Vanuatu: 0.46   2003 Time series
# 68     Costa Rica: 0.46   2003 Time series
# 69     Lithuania: 0.46   2003 Time series
# 70     Chile: 0.45   2003 Time series
# 71     Latvia: 0.45   2003 Time series
# 72     Botswana: 0.45   2003 Time series
# 73     Slovakia: 0.45   2003 Time series
# 74     Malaysia: 0.45   2003 Time series
# 75     Tanzania: 0.44   2003 Time series
# 76     Peru: 0.43   2003 Time series
# 77     Zambia: 0.43   2003 Time series
# 78     Benin: 0.42   2003 Time series
# 79     Uruguay: 0.41   2003 Time series
# 80     Jordan: 0.41   2003 Time series
# 81     Djibouti: 0.41   2003 Time series
# 82     Cameroon: 0.41   2003 Time series
# 83     Kenya: 0.4   2003 Time series
# 84     Albania: 0.4   2003 Time series
# 85     Mauritius: 0.38   2003 Time series
# 86     Swaziland: 0.38   2003 Time series
# 87     South Africa: 0.37   2003 Time series
# 88     Brazil: 0.37   2003 Time series
# 89     Madagascar: 0.37   2003 Time series
# 90     Senegal: 0.36   2003 Time series
# 91     Macedonia, Republic of: 0.36   2003 Time series
# 92     Bolivia: 0.36   2003 Time series
# 93     Romania: 0.36   2003 Time series
# 94     Mali: 0.36   2003 Time series
# 95     Morocco: 0.36   2003 Time series
# 96     Syria: 0.35   2003 Time series
# 97     Tunisia: 0.35   2003 Time series
# 98     Suriname: 0.35   2003 Time series
# 99     Bulgaria: 0.34   2003 Time series
# 100     Namibia: 0.34   2003 Time series
# 101     Russia: 0.34   2003 Time series
# 102     Algeria: 0.34   2003 Time series
# 103     Indonesia: 0.33   2003 Time series
# 104     Kazakhstan: 0.33   2003 Time series
# 105     Cape Verde: 0.32   2003 Time series
# 106     Georgia: 0.32   2003 Time series
# 107     Honduras: 0.32   2003 Time series
# 108     Samoa: 0.31   2003 Time series
# 109     Micronesia, Federated States of: 0.3   2003 Time series
# 110     Burkina Faso: 0.3   2003 Time series
# 111     Thailand: 0.3   2003 Time series
# 112     Belarus: 0.3   2003 Time series
# 113     Egypt: 0.3   2003 Time series
# 114     Comoros: 0.3   2003 Time series
# 115     Mongolia: 0.29   2003 Time series
# 116     Argentina: 0.29   2003 Time series
# 117     Iran: 0.29   2003 Time series
# 118     Sudan: 0.28   2003 Time series
# 119     Niger: 0.28   2003 Time series
# 120     Chad: 0.28   2003 Time series
# 121     Solomon Islands: 0.28   2003 Time series
# 122     Zimbabwe: 0.28   2003 Time series
# 123     Colombia: 0.28   2003 Time series
# 124     Pakistan: 0.27   2003 Time series
# 125     Moldova: 0.27   2003 Time series
# 126     Sierra Leone: 0.27   2003 Time series
# 127     Central African Republic: 0.26   2003 Time series
# 128     Papua New Guinea: 0.26   2003 Time series
# 129     Dominican Republic: 0.26   2003 Time series
# 130     Armenia: 0.25   2003 Time series
# 131     Azerbaijan: 0.25   2003 Time series
# 132     Mozambique: 0.24   2003 Time series
# 133     China: 0.24   2003 Time series
# 134     Sri Lanka: 0.24   2003 Time series
# 135     Malawi: 0.24   2003 Time series
# 136     Nicaragua: 0.24   2003 Time series
# 137     Guyana: 0.23   2003 Time series
# 138     Uzbekistan: 0.23   2003 Time series
# 139     Philippines: 0.22   2003 Time series
# 140     Haiti: 0.22   2003 Time series
# 141     Mauritania: 0.22   2003 Time series
# 142     Kyrgyzstan: 0.22   2003 Time series
# 143     Tajikistan: 0.22   2003 Time series
# 144     Togo: 0.21   2003 Time series
# 145     Tonga: 0.21   2003 Time series
# 146     Bangladesh: 0.21   2003 Time series
# 147     Laos: 0.21   2003 Time series
# 148     Guinea-Bissau: 0.2   2003 Time series
# 149     India: 0.2   2003 Time series
# 150     São Tomé and Príncipe: 0.2   2003 Time series
# 151     Lesotho: 0.2   2003 Time series
# 152     Guinea: 0.19   2003 Time series
# 153     Vietnam: 0.19   2003 Time series
# 154     Ukraine: 0.19   2003 Time series
# 155     Rwanda: 0.18   2003 Time series
# 156     Paraguay: 0.18   2003 Time series
# 157     Uganda: 0.18   2003 Time series
# 158     Congo, Democratic Republic of the: 0.17   2003 Time series
# 159     Ghana: 0.16   2003 Time series
# 160     Cambodia: 0.16   2003 Time series
# 161     Nepal: 0.16   2003 Time series
# 162     Gambia, The: 0.15   2003 Time series
# 163     Kiribati: 0.15   2003 Time series
# 164     Ethiopia: 0.14   2003 Time series
# 165     Burundi: 0.13   2003 Time series
# 166     Eritrea: 0.13   2003 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 (2003) 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=2003

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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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