Albania - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Albania was 42.50 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 45.53 in 2005 and a minimum value of 2.34 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 2.34
1991 3.07
1992 9.98
1993 22.00
1994 29.27
1995 31.49
1996 35.43
1997 38.72
1998 40.72
1999 41.10
2000 42.03
2001 42.82
2002 42.93
2003 44.59
2004 44.90
2005 45.53
2006 44.41
2007 44.63
2008 44.56
2009 44.34
2010 44.20
2011 43.86
2012 43.66
2013 44.11
2014 42.89
2015 42.71
2016 42.39
2017 42.26
2018 42.30
2019 42.34
2020 42.50

Price level ratio of PPP conversion factor (GDP) to market exchange rate

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Albania was 0.391 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.531 in 2008 and a minimum value of 0.133 in 1992.

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. PPP conversion factors are based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.292
1991 0.213
1992 0.133
1993 0.216
1994 0.309
1995 0.340
1996 0.339
1997 0.264
1998 0.269
1999 0.298
2000 0.292
2001 0.298
2002 0.306
2003 0.369
2004 0.437
2005 0.456
2006 0.453
2007 0.494
2008 0.531
2009 0.467
2010 0.425
2011 0.435
2012 0.404
2013 0.417
2014 0.407
2015 0.339
2016 0.341
2017 0.355
2018 0.392
2019 0.385
2020 0.391

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Albania was 54.48 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 58.41 in 1999 and a minimum value of 4.89 in 1991.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1991 4.89
1992 15.48
1993 27.81
1994 33.22
1995 34.83
1996 38.15
1997 49.65
1998 58.10
1999 58.41
2000 57.37
2001 57.44
2002 57.86
2003 57.61
2004 56.72
2005 56.68
2006 57.18
2007 57.70
2008 57.65
2009 57.98
2010 56.75
2011 55.59
2012 53.86
2013 54.17
2014 54.25
2015 52.53
2016 52.89
2017 52.77
2018 52.64
2019 53.39
2020 54.48

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity