Dominican 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 Dominican Republic was 0.405 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.513 in 2012 and a minimum value of 0.337 in 2004.

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 0.353
1991 0.367
1992 0.381
1993 0.390
1994 0.417
1995 0.439
1996 0.446
1997 0.442
1998 0.443
1999 0.421
2000 0.432
2001 0.435
2002 0.434
2003 0.341
2004 0.337
2005 0.479
2006 0.451
2007 0.466
2008 0.485
2009 0.478
2010 0.487
2011 0.498
2012 0.513
2013 0.500
2014 0.490
2015 0.470
2016 0.452
2017 0.455
2018 0.444
2019 0.432
2020 0.405

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