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European Union Compared by Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio

DEFINITION: PPP conversion factor (GDP) to market exchange rate ratio. 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. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, 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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Denmark 1.34 2012
2 Sweden 1.28 2012
3 Finland 1.19 2012
4 Luxembourg 1.18 2012
5 France 1.1 2012
6 Belgium 1.09 2012
7 Austria 1.07 2012
8 Netherlands 1.07 2012
9 Ireland 1.05 2012
10 United Kingdom 1.04 2012
11 Germany 1.01 2012
12 Italy 0.998 2012
13 Spain 0.893 2012
14 Greece 0.872 2012
15 Cyprus 0.847 2012
16 Slovenia 0.801 2012
17 Portugal 0.794 2012
18 Malta 0.718 2012
19 Estonia 0.707 2012
20 Czech Republic 0.7 2012
21 Slovakia 0.669 2012
22 Croatia 0.662 2012
23 Latvia 0.639 2012
24 Lithuania 0.582 2012
25 Poland 0.573 2012
26 Hungary 0.571 2012
27 Romania 0.531 2012
28 Bulgaria 0.435 2012

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European Union Compared by Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio

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