Economy > Currency > PPP conversion factor > GDP to market exchange rate ratio: Group totals
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 |
---|---|---|---|---|---|
Christian countries | 69.44 | 2011 | |||
Hot countries | 54.22 | 2007 | |||
Europe | 35.22 | 2012 | |||
Former British colonies | 33.04 | 2011 | |||
High income OECD countries | 31.21 | 2012 | |||
Heavily indebted countries | 30.5 | 2012 | |||
Cold countries | 30.47 | 2012 | |||
Muslim countries | 26.81 | 2011 | |||
Sub-Saharan Africa | 25.97 | 2012 | |||
Catholic countries | 24.86 | 2012 | |||
European Union | 24.42 | 2012 | |||
NATO countries | 23.14 | 2012 | |||
East Asia and Pacific | 19.02 | 2012 | |||
Latin America and Caribbean | 17.42 | 2006 | |||
Eurozone | 16.7 | 2012 | |||
Emerging markets | 15.02 | 2012 | |||
Religious countries | 14.4 | 2012 | |||
Former French colonies | 13.41 | 2012 | |||
Middle Eastern and North Africa | 12.6 | 2011 | |||
Non-religious countries | 12.42 | 2012 | |||
Former Spanish colonies | 11.73 | 2012 | |||
Eastern Europe | 10.66 | 2012 | |||
Former Soviet republics | 8.72 | 2012 | |||
OPEC countries | 8.49 | 2011 | |||
failed states | 8.11 | 2012 | |||
Group of 7 countries (G7) | 7.71 | 2012 | |||
South and Central Asia | 6.66 | 2012 | |||
Potential Future EU Members | 3.93 | 2012 | |||
South Asia | 2.06 | 2012 |