Czech Republic - 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 Czech Republic was 0.551 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.815 in 2008 and a minimum value of 0.249 in 1991.

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 0.310
1991 0.249
1992 0.285
1993 0.326
1994 0.364
1995 0.420
1996 0.445
1997 0.407
1998 0.433
1999 0.412
2000 0.371
2001 0.377
2002 0.442
2003 0.503
2004 0.561
2005 0.608
2006 0.638
2007 0.703
2008 0.815
2009 0.715
2010 0.716
2011 0.754
2012 0.679
2013 0.653
2014 0.612
2015 0.526
2016 0.515
2017 0.532
2018 0.569
2019 0.552
2020 0.551

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