China - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in China was 3.53 as of 2014. As the graph below shows, over the past 24 years this indicator reached a maximum value of 3.55 in 2013 and a minimum value of 1.69 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 1.69
1991 1.74
1992 1.84
1993 2.07
1994 2.45
1995 2.73
1996 2.85
1997 2.85
1998 2.79
1999 2.72
2000 2.71
2001 2.70
2002 2.68
2003 2.69
2004 2.80
2005 2.82
2006 2.84
2007 2.99
2008 3.16
2009 3.13
2010 3.31
2011 3.51
2012 3.53
2013 3.55
2014 3.53

2005 PPP conversion factor, GDP (LCU per international $)

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. Historical estimates are provided for the 2005 benchmark year only. A separate series is available for extrapolated estimates based on the latest ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2005 3.45

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 China was 0.575 as of 2014. As the graph below shows, over the past 24 years this indicator reached a maximum value of 0.575 in 2014 and a minimum value of 0.259 in 1993.

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 0.323
1991 0.304
1992 0.289
1993 0.259
1994 0.284
1995 0.327
1996 0.343
1997 0.344
1998 0.337
1999 0.328
2000 0.327
2001 0.327
2002 0.324
2003 0.326
2004 0.339
2005 0.344
2006 0.357
2007 0.393
2008 0.455
2009 0.458
2010 0.489
2011 0.543
2012 0.559
2013 0.573
2014 0.575

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

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
2010 3.62
2011 3.70
2012 3.72
2013 3.76
2014 3.77

2005 PPP conversion factor, private consumption (LCU per international $)

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). Historical estimates are provided for the 2005 benchmark year only. A separate series is available for extrapolated estimates based on the latest ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2005 4.09

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity