Latin America and Caribbean Compared by Economy > Purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio
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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 | Venezuela | 0.93 | 2009 | ||
| 2 | Suriname | 0.79 | 2008 | ||
| 3 | Brazil | 0.78 | 2009 | ||
| 4 | Saint Kitts and Nevis | 0.76 | 2009 | ||
| 5 | Grenada | 0.72 | 2009 | ||
| 6 | Uruguay | 0.71 | 2009 | ||
| 7 | Antigua and Barbuda | 0.69 | 2009 | ||
| 8 | Chile | 0.67 | 2009 | ||
| =9 | Trinidad and Tobago | 0.62 | 2009 | ||
| =9 | Barbados | 0.62 | 2005 | ||
| 11 | Belize | 0.61 | 2009 | ||
| 12 | Jamaica | 0.59 | 2009 | ||
| =13 | Dominica | 0.58 | 2009 | ||
| =13 | Saint Vincent and the Grenadines | 0.58 | 2009 | ||
| =15 | Costa Rica | 0.57 | 2009 | ||
| =15 | Colombia | 0.57 | 2009 | ||
| =15 | Mexico | 0.57 | 2009 | ||
| =15 | Saint Lucia | 0.57 | 2009 | ||
| =19 | Guatemala | 0.56 | 2009 | ||
| =19 | Haiti | 0.56 | 2009 | ||
| =21 | Dominican Republic | 0.55 | 2009 | ||
| =21 | Panama | 0.55 | 2009 | ||
| =23 | El Salvador | 0.52 | 2009 | ||
| =23 | Argentina | 0.52 | 2009 | ||
| =23 | Peru | 0.52 | 2009 | ||
| 26 | Ecuador | 0.51 | 2009 | ||
| =27 | Paraguay | 0.5 | 2009 | ||
| =27 | Honduras | 0.5 | 2009 | ||
| 29 | Guyana | 0.49 | 2008 | ||
| =30 | Nicaragua | 0.4 | 2009 | ||
| =30 | Bolivia | 0.4 | 2009 |
Citation
Interesting observations about Economy > Purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio
- Australia ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Hot countries in 2009.
- Denmark ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Christian countries in 2009.
- Ireland ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Heavily indebted countries in 2009.
- Kuwait ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Muslim countries in 2007.
- Venezuela ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Emerging markets in 2009.
- Switzerland ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Landlocked countries in 2009.
- Luxembourg ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Catholic countries in 2009.
- Norway ranked second for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio globally in 2009.
- Brazil ranked first for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Religious countries in 2009.
- Canada ranked second for purchasing power parity > PPP conversion factor > GDP to market exchange rate ratio amongst Former British colonies in 2009.
