Economy > Purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio: Countries Compared
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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. 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 | 1.52 | 2009 | ||
2 | Norway | 1.42 | 2009 | ||
3 | Switzerland | 1.41 | 2009 | ||
4 | Finland | 1.28 | 2009 | ||
5 | Luxembourg | 1.25 | 2009 | ||
6 | Ireland | 1.24 | 2009 | ||
=7 | France | 1.22 | 2009 | ||
=7 | Japan | 1.22 | 2009 | ||
9 | Belgium | 1.2 | 2009 | ||
10 | Austria | 1.19 | 2009 | ||
11 | Netherlands | 1.18 | 2009 | ||
12 | Sweden | 1.15 | 2009 | ||
13 | Germany | 1.12 | 2009 | ||
14 | Italy | 1.1 | 2009 | ||
Group of 7 countries (G7) average (profile) | 1.09 | 2009 | |||
15 | Australia | 1.08 | 2009 | ||
High income OECD countries average (profile) | 1.06 | 2009 | |||
Eurozone average (profile) | 1.04 | 2009 | |||
16 | Canada | 1.04 | 2009 | ||
17 | Cyprus | 1.02 | 2009 | ||
=18 | New Zealand | 1.01 | 2009 | ||
=18 | Iceland | 1.01 | 2009 | ||
20 | United States | 1 | 2009 | ||
21 | Greece | 0.99 | 2009 | ||
22 | Spain | 0.98 | 2009 | ||
23 | United Kingdom | 0.96 | 2009 | ||
European Union average (profile) | 0.953 | 2009 | |||
24 | Israel | 0.95 | 2009 | ||
25 | Venezuela | 0.93 | 2009 | ||
NATO countries average (profile) | 0.902 | 2009 | |||
Non-religious countries average (profile) | 0.9 | 2009 | |||
=26 | Portugal | 0.89 | 2009 | ||
=26 | Kuwait | 0.89 | 2007 | ||
28 | Slovenia | 0.88 | 2009 | ||
=29 | Maldives | 0.87 | 2009 | ||
=29 | United Arab Emirates | 0.87 | 2009 | ||
Europe average (profile) | 0.862 | 2009 | |||
31 | Oman | 0.85 | 2008 | ||
32 | Cape Verde | 0.84 | 2009 | ||
Heavily indebted countries average (profile) | 0.837 | 2009 | |||
Cold countries average (profile) | 0.8 | 2009 | |||
33 | Bahrain | 0.8 | 2008 | ||
34 | Suriname | 0.79 | 2008 | ||
=35 | Brazil | 0.78 | 2009 | ||
=35 | Malta | 0.78 | 2007 | ||
=37 | Qatar | 0.76 | 2009 | ||
=37 | Saint Kitts and Nevis | 0.76 | 2009 | ||
=39 | Jordan | 0.75 | 2009 | ||
=39 | Latvia | 0.75 | 2009 | ||
Catholic countries average (profile) | 0.748 | 2008 | |||
=41 | Estonia | 0.73 | 2009 | ||
=41 | Fiji | 0.73 | 2009 | ||
=43 | Slovakia | 0.72 | 2009 | ||
=43 | Czech Republic | 0.72 | 2009 | ||
=43 | Croatia | 0.72 | 2009 | ||
=43 | Grenada | 0.72 | 2009 | ||
=43 | Singapore | 0.72 | 2009 | ||
OPEC countries average (profile) | 0.711 | 2007 | |||
=48 | Ghana | 0.71 | 2009 | ||
=48 | Uruguay | 0.71 | 2009 | ||
=50 | Antigua and Barbuda | 0.69 | 2009 | ||
=50 | Zambia | 0.69 | 2009 | ||
Middle Eastern and North Africa average (profile) | 0.676 | 2007 | |||
=52 | Lithuania | 0.67 | 2009 | ||
=52 | Tonga | 0.67 | 2009 | ||
=52 | Chile | 0.67 | 2009 | ||
=52 | Namibia | 0.67 | 2009 | ||
Former British colonies average (profile) | 0.662 | 2008 | |||
=56 | Hungary | 0.65 | 2009 | ||
=56 | Sao Tome and Principe | 0.65 | 2009 | ||
=56 | Cote d'Ivoire | 0.65 | 2009 | ||
59 | Comoros | 0.64 | 2009 | ||
=60 | Morocco | 0.63 | 2009 | ||
=60 | Lebanon | 0.63 | 2009 | ||
=60 | Samoa | 0.63 | 2009 | ||
=60 | Kazakhstan | 0.63 | 2009 | ||
=64 | Trinidad and Tobago | 0.62 | 2009 | ||
=64 | Saudi Arabia | 0.62 | 2009 | ||
=64 | Barbados | 0.62 | 2005 | ||
=67 | East Timor | 0.61 | 2009 | ||
=67 | Congo, Republic of the | 0.61 | 2009 | ||
=67 | Vanuatu | 0.61 | 2009 | ||
=67 | Belize | 0.61 | 2009 | ||
=67 | Brunei | 0.61 | 2006 | ||
Muslim countries average (profile) | 0.601 | 2008 | |||
=72 | Central African Republic | 0.6 | 2009 | ||
=72 | Eritrea | 0.6 | 2008 | ||
=74 | Turkey | 0.59 | 2009 | ||
=74 | Libya | 0.59 | 2009 | ||
=74 | Sudan | 0.59 | 2009 | ||
=74 | Jamaica | 0.59 | 2009 | ||
=74 | Iraq | 0.59 | 2009 | ||
=74 | Poland | 0.59 | 2009 | ||
=80 | Dominica | 0.58 | 2009 | ||
=80 | Saint Vincent and the Grenadines | 0.58 | 2009 | ||
=80 | Mali | 0.58 | 2009 | ||
Emerging markets average (profile) | 0.571 | 2009 | |||
=83 | Costa Rica | 0.57 | 2009 | ||
=83 | Colombia | 0.57 | 2009 | ||
=83 | Mexico | 0.57 | 2009 | ||
=83 | Saint Lucia | 0.57 | 2009 | ||
Eastern Europe average (profile) | 0.565 | 2009 | |||
=87 | Liberia | 0.56 | 2009 | ||
=87 | Indonesia | 0.56 | 2009 | ||
=87 | Senegal | 0.56 | 2009 | ||
=87 | Guatemala | 0.56 | 2009 | ||
=87 | South Africa | 0.56 | 2009 | ||
=87 | Haiti | 0.56 | 2009 | ||
Former Spanish colonies average (profile) | 0.555 | 2009 | |||
=93 | Dominican Republic | 0.55 | 2009 | ||
=93 | Panama | 0.55 | 2009 | ||
=93 | China | 0.55 | 2009 | ||
=96 | Turkmenistan | 0.54 | 2009 | ||
=96 | Armenia | 0.54 | 2009 | ||
=96 | Kiribati | 0.54 | 2009 | ||
Religious countries average (profile) | 0.54 | 2009 | |||
=99 | Bosnia and Herzegovina | 0.53 | 2009 | ||
=99 | Moldova | 0.53 | 2009 | ||
=99 | Romania | 0.53 | 2009 | ||
Latin America and Caribbean average (profile) | 0.529 | 2005 | |||
=102 | Cameroon | 0.52 | 2009 | ||
=102 | Mauritius | 0.52 | 2009 | ||
=102 | El Salvador | 0.52 | 2009 | ||
=102 | Syria | 0.52 | 2009 | ||
=102 | Argentina | 0.52 | 2009 | ||
=102 | Gabon | 0.52 | 2009 | ||
=102 | Lesotho | 0.52 | 2009 | ||
=102 | Peru | 0.52 | 2009 | ||
=102 | Niger | 0.52 | 2009 | ||
=102 | Djibouti | 0.52 | 2009 | ||
Former Soviet republics average (profile) | 0.519 | 2009 | |||
Sub-Saharan Africa average (profile) | 0.514 | 2009 | |||
=112 | Swaziland | 0.51 | 2009 | ||
=112 | Nigeria | 0.51 | 2009 | ||
=112 | Ecuador | 0.51 | 2009 | ||
=112 | Georgia | 0.51 | 2009 | ||
=112 | Papua New Guinea | 0.51 | 2009 | ||
=112 | Equatorial Guinea | 0.51 | 2009 | ||
=112 | Azerbaijan | 0.51 | 2009 | ||
=112 | Togo | 0.51 | 2009 | ||
Former French colonies average (profile) | 0.503 | 2009 | |||
=120 | Serbia and Montenegro | 0.5 | 2009 | ||
=120 | Malaysia | 0.5 | 2009 | ||
=120 | Paraguay | 0.5 | 2009 | ||
=120 | Democratic Republic of the Congo | 0.5 | 2009 | ||
=120 | Honduras | 0.5 | 2009 | ||
=125 | Thailand | 0.49 | 2009 | ||
=125 | Philippines | 0.49 | 2009 | ||
=125 | Solomon Islands | 0.49 | 2009 | ||
=125 | Benin | 0.49 | 2009 | ||
=125 | Algeria | 0.49 | 2009 | ||
=125 | Guyana | 0.49 | 2008 | ||
=131 | Bulgaria | 0.48 | 2009 | ||
=131 | Mozambique | 0.48 | 2009 | ||
=131 | Guinea-Bissau | 0.48 | 2009 | ||
=134 | Rwanda | 0.47 | 2009 | ||
=134 | Mauritania | 0.47 | 2009 | ||
=134 | Kenya | 0.47 | 2009 | ||
=134 | Chad | 0.47 | 2009 | ||
=138 | Russia | 0.46 | 2009 | ||
=138 | Tunisia | 0.46 | 2009 | ||
South and Central Asia average (profile) | 0.453 | 2009 | |||
=140 | Botswana | 0.45 | 2009 | ||
=140 | Albania | 0.45 | 2009 | ||
=140 | Mongolia | 0.45 | 2009 | ||
=143 | Burkina Faso | 0.44 | 2009 | ||
=143 | Madagascar | 0.44 | 2009 | ||
=143 | Seychelles | 0.44 | 2009 | ||
146 | Sri Lanka | 0.43 | 2009 | ||
=147 | Sierra Leone | 0.42 | 2009 | ||
=147 | Laos | 0.42 | 2009 | ||
=147 | Afghanistan | 0.42 | 2008 | ||
150 | Burundi | 0.41 | 2009 | ||
=151 | Uzbekistan | 0.4 | 2009 | ||
=151 | Bolivia | 0.4 | 2009 | ||
=151 | Uganda | 0.4 | 2009 | ||
=151 | Nicaragua | 0.4 | 2009 | ||
=155 | Bangladesh | 0.39 | 2009 | ||
=155 | Guinea | 0.39 | 2009 | ||
=155 | Ukraine | 0.39 | 2009 | ||
=155 | Belarus | 0.39 | 2009 | ||
=159 | Tanzania | 0.38 | 2009 | ||
=159 | Malawi | 0.38 | 2009 | ||
=159 | Kyrgyzstan | 0.38 | 2009 | ||
=162 | Ethiopia | 0.37 | 2009 | ||
=162 | Nepal | 0.37 | 2009 | ||
=162 | Pakistan | 0.37 | 2009 | ||
South Asia average (profile) | 0.365 | 2009 | |||
165 | Tajikistan | 0.36 | 2009 | ||
=166 | Cambodia | 0.35 | 2009 | ||
=166 | India | 0.35 | 2009 | ||
=166 | Vietnam | 0.35 | 2009 | ||
=166 | Bhutan | 0.35 | 2009 | ||
170 | The Gambia | 0.3 | 2009 |