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Heavily indebted countries 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 Iceland 1.46 2005
2 Ireland 1.26 2005
3 Netherlands 1.17 2005
=4 Germany 1.15 2005
=4 France 1.15 2005
6 Japan 1.13 2005
=7 Belgium 1.1 2005
=7 Austria 1.1 2005
=7 United Kingdom 1.1 2005
=7 Lebanon 1.1 2005
11 Italy 1.05 2005
12 Canada 1.03 2005
13 United States 1 2005
=14 Spain 0.95 2005
=14 Cyprus 0.95 2004
16 Singapore 0.91 2005
17 Greece 0.87 2005
18 Portugal 0.85 2005
19 Jamaica 0.84 2005
20 Antigua and Barbuda 0.83 2004
=21 Malta 0.72 2005
=21 Saint Lucia 0.72 2004
23 Israel 0.69 2005
24 Saint Kitts and Nevis 0.67 2004
=25 Hungary 0.61 2005
=25 Dominica 0.61 2004
27 Saint Vincent and the Grenadines 0.55 2005
28 Grenada 0.54 2004
29 Belize 0.53 2005
30 Seychelles 0.51 2005
31 Jordan 0.42 2005
32 Morocco 0.38 2005
33 Sudan 0.36 2005
34 Cape Verde 0.33 2005
35 Egypt 0.28 2005
36 Sri Lanka 0.26 2005
37 Malawi 0.24 2005
38 Sao Tome and Principe 0.21 2005
39 Eritrea 0.2 2005
40 Zimbabwe 0.13 2005

Citation

Heavily indebted countries Compared by Economy > Currency > PPP conversion factor to official exchange rate ratio

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