Azerbaijan - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Azerbaijan was 0.496 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.554 in 2018 and a minimum value of 0.000 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 0.000
1991 0.000
1992 0.000
1993 0.001
1994 0.019
1995 0.120
1996 0.149
1997 0.160
1998 0.156
1999 0.157
2000 0.173
2001 0.174
2002 0.178
2003 0.187
2004 0.199
2005 0.221
2006 0.239
2007 0.282
2008 0.353
2009 0.285
2010 0.320
2011 0.384
2012 0.369
2013 0.359
2014 0.355
2015 0.377
2016 0.431
2017 0.505
2018 0.554
2019 0.543
2020 0.496

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 Azerbaijan was 0.292 as of 2020. As the graph below shows, over the past 28 years this indicator reached a maximum value of 0.486 in 2011 and a minimum value of 0.015 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
1992 0.015
1993 0.065
1994 0.060
1995 0.136
1996 0.173
1997 0.200
1998 0.202
1999 0.191
2000 0.194
2001 0.187
2002 0.183
2003 0.191
2004 0.203
2005 0.234
2006 0.268
2007 0.329
2008 0.430
2009 0.354
2010 0.398
2011 0.486
2012 0.470
2013 0.458
2014 0.452
2015 0.368
2016 0.270
2017 0.294
2018 0.326
2019 0.319
2020 0.292

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

The value for PPP conversion factor, private consumption (LCU per international $) in Azerbaijan was 0.507 as of 2021. As the graph below shows, over the past 29 years this indicator reached a maximum value of 0.507 in 2021 and a minimum value of 0.000 in 1992.

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
1992 0.000
1993 0.002
1994 0.038
1995 0.188
1996 0.219
1997 0.222
1998 0.217
1999 0.194
2000 0.191
2001 0.189
2002 0.191
2003 0.191
2004 0.199
2005 0.211
2006 0.221
2007 0.251
2008 0.292
2009 0.297
2010 0.309
2011 0.323
2012 0.302
2013 0.325
2014 0.323
2015 0.359
2016 0.417
2017 0.487
2018 0.486
2019 0.490
2020 0.497
2021 0.507

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity