Economy > Currency > PPP conversion factor to official exchange rate ratio: Countries Compared
- Home
- Country Info
- Stats
- 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 | Norway | 1.54 | 2005 | ||
| 2 | Iceland | 1.46 | 2005 | ||
| 3 | Denmark | 1.41 | 2005 | ||
| 4 | Switzerland | 1.38 | 2005 | ||
| 5 | Luxembourg | 1.33 | 2005 | ||
| 6 | Ireland | 1.26 | 2005 | ||
| 7 | Sweden | 1.22 | 2005 | ||
| 8 | Kuwait | 1.21 | 2005 | ||
| 9 | Netherlands | 1.17 | 2005 | ||
| =10 | France | 1.15 | 2005 | ||
| =10 | Finland | 1.15 | 2005 | ||
| =10 | Germany | 1.15 | 2005 | ||
| =13 | Australia | 1.13 | 2005 | ||
| =13 | Japan | 1.13 | 2005 | ||
| 15 | United Arab Emirates | 1.12 | 2005 | ||
| =16 | Lebanon | 1.1 | 2005 | ||
| =16 | United Kingdom | 1.1 | 2005 | ||
| =16 | Austria | 1.1 | 2005 | ||
| =16 | Belgium | 1.1 | 2005 | ||
| Group of 7 countries (G7) average (profile) | 1.09 | 2005 | |||
| 20 | New Zealand | 1.07 | 2005 | ||
| 21 | Italy | 1.05 | 2005 | ||
| 22 | Canada | 1.03 | 2005 | ||
| High income OECD countries average (profile) | 1.02 | 2005 | |||
| 23 | The Bahamas | 1.02 | 2002 | ||
| 24 | Congo, Republic of the | 1.01 | 2005 | ||
| 25 | United States | 1 | 2005 | ||
| Eurozone average (profile) | 0.958 | 2005 | |||
| =26 | Spain | 0.95 | 2005 | ||
| =26 | Cyprus | 0.95 | 2004 | ||
| 28 | Singapore | 0.91 | 2005 | ||
| European Union average (profile) | 0.883 | 2005 | |||
| 29 | Angola | 0.88 | 2005 | ||
| NATO countries average (profile) | 0.871 | 2005 | |||
| 30 | Greece | 0.87 | 2005 | ||
| 31 | Equatorial Guinea | 0.86 | 2004 | ||
| 32 | Portugal | 0.85 | 2005 | ||
| =33 | Gabon | 0.84 | 2005 | ||
| =33 | Jamaica | 0.84 | 2005 | ||
| =35 | Bahrain | 0.83 | 2005 | ||
| =35 | Antigua and Barbuda | 0.83 | 2004 | ||
| Non-religious countries average (profile) | 0.816 | 2005 | |||
| Europe average (profile) | 0.801 | 2004 | |||
| =37 | Venezuela | 0.8 | 2005 | ||
| =37 | Saudi Arabia | 0.8 | 2005 | ||
| =39 | Slovenia | 0.77 | 2005 | ||
| =39 | Yemen | 0.77 | 2005 | ||
| 41 | Trinidad and Tobago | 0.75 | 2005 | ||
| Heavily indebted countries average (profile) | 0.746 | 2004 | |||
| 42 | South Korea | 0.74 | 2005 | ||
| 43 | Hong Kong | 0.73 | 2005 | ||
| =44 | Malta | 0.72 | 2005 | ||
| =44 | Saint Lucia | 0.72 | 2004 | ||
| =46 | Israel | 0.69 | 2005 | ||
| =46 | Mexico | 0.69 | 2005 | ||
| =48 | Nigeria | 0.67 | 2005 | ||
| =48 | Saint Kitts and Nevis | 0.67 | 2004 | ||
| =48 | Macau | 0.67 | 2002 | ||
| 51 | Croatia | 0.66 | 2005 | ||
| 52 | Ecuador | 0.64 | 2005 | ||
| =53 | Panama | 0.63 | 2005 | ||
| =53 | Estonia | 0.63 | 2005 | ||
| =53 | Oman | 0.63 | 2004 | ||
| Middle Eastern and North Africa average (profile) | 0.612 | 2004 | |||
| =56 | Hungary | 0.61 | 2005 | ||
| =56 | Zambia | 0.61 | 2005 | ||
| =56 | Dominica | 0.61 | 2004 | ||
| 59 | Turkey | 0.6 | 2005 | ||
| =60 | Czech Republic | 0.59 | 2005 | ||
| =60 | Chile | 0.59 | 2005 | ||
| 62 | Poland | 0.57 | 2005 | ||
| =63 | Guatemala | 0.55 | 2005 | ||
| =63 | Saint Vincent and the Grenadines | 0.55 | 2005 | ||
| =63 | Cote d'Ivoire | 0.55 | 2005 | ||
| =66 | Slovakia | 0.54 | 2005 | ||
| =66 | Grenada | 0.54 | 2004 | ||
| Former British colonies average (profile) | 0.534 | 2004 | |||
| =68 | Belize | 0.53 | 2005 | ||
| =68 | Fiji | 0.53 | 2005 | ||
| 70 | Lithuania | 0.52 | 2005 | ||
| =71 | Brazil | 0.51 | 2005 | ||
| =71 | Seychelles | 0.51 | 2005 | ||
| Latin America and Caribbean average (profile) | 0.505 | 2002 | |||
| =73 | Swaziland | 0.5 | 2005 | ||
| =73 | Vanuatu | 0.5 | 2005 | ||
| =73 | Albania | 0.5 | 2005 | ||
| =73 | Romania | 0.5 | 2005 | ||
| =73 | Latvia | 0.5 | 2005 | ||
| =78 | Russia | 0.49 | 2005 | ||
| =78 | Uruguay | 0.49 | 2005 | ||
| 80 | Kazakhstan | 0.48 | 2005 | ||
| =81 | Malaysia | 0.47 | 2005 | ||
| =81 | El Salvador | 0.47 | 2005 | ||
| =81 | Botswana | 0.47 | 2005 | ||
| =81 | Peru | 0.47 | 2005 | ||
| Former Spanish colonies average (profile) | 0.462 | 2005 | |||
| 85 | South Africa | 0.46 | 2005 | ||
| Emerging markets average (profile) | 0.456 | 2005 | |||
| =86 | Cameroon | 0.45 | 2005 | ||
| =86 | Costa Rica | 0.45 | 2005 | ||
| =86 | Benin | 0.45 | 2005 | ||
| =89 | Kenya | 0.44 | 2005 | ||
| =89 | Algeria | 0.44 | 2005 | ||
| Muslim countries average (profile) | 0.432 | 2004 | |||
| =91 | Tanzania | 0.42 | 2005 | ||
| =91 | Georgia | 0.42 | 2005 | ||
| =91 | Jordan | 0.42 | 2005 | ||
| 94 | Djibouti | 0.41 | 2005 | ||
| =95 | Dominican Republic | 0.4 | 2005 | ||
| =95 | Mauritius | 0.4 | 2005 | ||
| =95 | Namibia | 0.4 | 2005 | ||
| =98 | Suriname | 0.39 | 2005 | ||
| =98 | Senegal | 0.39 | 2005 | ||
| =98 | Chad | 0.39 | 2005 | ||
| Former Soviet republics average (profile) | 0.386 | 2005 | |||
| Former French colonies average (profile) | 0.381 | 2005 | |||
| =101 | Morocco | 0.38 | 2005 | ||
| =101 | Mali | 0.38 | 2005 | ||
| =101 | Bulgaria | 0.38 | 2005 | ||
| =101 | Belarus | 0.38 | 2005 | ||
| 105 | Colombia | 0.37 | 2005 | ||
| =106 | Sudan | 0.36 | 2005 | ||
| =106 | Syria | 0.36 | 2005 | ||
| =106 | Bolivia | 0.36 | 2005 | ||
| Sub-Saharan Africa average (profile) | 0.353 | 2005 | |||
| =109 | Samoa | 0.35 | 2005 | ||
| =109 | Mongolia | 0.35 | 2005 | ||
| =109 | Iran | 0.35 | 2005 | ||
| =112 | Indonesia | 0.34 | 2005 | ||
| =112 | Honduras | 0.34 | 2005 | ||
| =112 | Tunisia | 0.34 | 2005 | ||
| =115 | Moldova | 0.33 | 2005 | ||
| =115 | Papua New Guinea | 0.33 | 2005 | ||
| =115 | Argentina | 0.33 | 2005 | ||
| =115 | Cape Verde | 0.33 | 2005 | ||
| =115 | Armenia | 0.33 | 2005 | ||
| =120 | Burkina Faso | 0.32 | 2005 | ||
| =120 | Thailand | 0.32 | 2005 | ||
| =120 | Comoros | 0.32 | 2005 | ||
| =123 | Solomon Islands | 0.31 | 2005 | ||
| =123 | Niger | 0.31 | 2005 | ||
| =125 | Pakistan | 0.3 | 2005 | ||
| =125 | Azerbaijan | 0.3 | 2005 | ||
| =125 | Haiti | 0.3 | 2005 | ||
| =128 | Madagascar | 0.29 | 2005 | ||
| =128 | Federated States of Micronesia | 0.29 | 2005 | ||
| =130 | Central African Republic | 0.28 | 2005 | ||
| =130 | Egypt | 0.28 | 2005 | ||
| =132 | Sierra Leone | 0.27 | 2005 | ||
| =132 | Mauritania | 0.27 | 2005 | ||
| =132 | Mozambique | 0.27 | 2005 | ||
| =135 | Tajikistan | 0.26 | 2005 | ||
| =135 | Uzbekistan | 0.26 | 2005 | ||
| =135 | Paraguay | 0.26 | 2005 | ||
| =135 | Ukraine | 0.26 | 2005 | ||
| =135 | Tonga | 0.26 | 2005 | ||
| =135 | Sri Lanka | 0.26 | 2005 | ||
| =141 | China | 0.25 | 2005 | ||
| =141 | Kyrgyzstan | 0.25 | 2005 | ||
| =143 | Malawi | 0.24 | 2005 | ||
| =143 | Lesotho | 0.24 | 2005 | ||
| =143 | Laos | 0.24 | 2005 | ||
| =143 | Togo | 0.24 | 2005 | ||
| =143 | Nicaragua | 0.24 | 2005 | ||
| =148 | Guyana | 0.23 | 2005 | ||
| =148 | Guinea-Bissau | 0.23 | 2005 | ||
| =148 | Philippines | 0.23 | 2005 | ||
| =151 | Uganda | 0.21 | 2005 | ||
| =151 | Vietnam | 0.21 | 2005 | ||
| =151 | India | 0.21 | 2005 | ||
| =151 | Sao Tome and Principe | 0.21 | 2005 | ||
| =151 | Bangladesh | 0.21 | 2005 | ||
| =156 | Rwanda | 0.2 | 2005 | ||
| =156 | Eritrea | 0.2 | 2005 | ||
| =156 | Ghana | 0.2 | 2005 | ||
| 159 | Turkmenistan | 0.19 | 2000 | ||
| 160 | Nepal | 0.18 | 2005 | ||
| =161 | Democratic Republic of the Congo | 0.17 | 2005 | ||
| =161 | Kiribati | 0.17 | 2005 | ||
| =163 | The Gambia | 0.16 | 2005 | ||
| =163 | Cambodia | 0.16 | 2005 | ||
| =165 | Burundi | 0.15 | 2005 | ||
| =165 | Guinea | 0.15 | 2005 | ||
| =165 | Ethiopia | 0.15 | 2005 | ||
| 168 | Zimbabwe | 0.13 | 2005 |
