Bangladesh - 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 Bangladesh was 0.382 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.412 in 1990 and a minimum value of 0.268 in 2006.

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 0.412
1991 0.377
1992 0.358
1993 0.350
1994 0.335
1995 0.351
1996 0.353
1997 0.345
1998 0.336
1999 0.325
2000 0.314
2001 0.296
2002 0.284
2003 0.293
2004 0.293
2005 0.285
2006 0.268
2007 0.270
2008 0.288
2009 0.304
2010 0.320
2011 0.329
2012 0.301
2013 0.312
2014 0.332
2015 0.351
2016 0.364
2017 0.376
2018 0.373
2019 0.375
2020 0.382

Statistical Concept and Methodology: The ratio of the PPP conversion factor to the market exchange rate - the national price level or comparative price level - measures differences in the price level at the gross domestic product (GDP) level. The price level index tends to be lower in poorer countries and to rise with income.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity