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Former Soviet republics Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Estonia 0.63 2005
2 Lithuania 0.52 2005
3 Latvia 0.5 2005
4 Russia 0.49 2005
5 Kazakhstan 0.48 2005
6 Georgia 0.42 2005
7 Belarus 0.38 2005
=8 Armenia 0.33 2005
=8 Moldova 0.33 2005
10 Azerbaijan 0.3 2005
=11 Ukraine 0.26 2005
=11 Uzbekistan 0.26 2005
=11 Tajikistan 0.26 2005
14 Kyrgyzstan 0.25 2005
15 Turkmenistan 0.19 2000

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Former Soviet republics Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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