Equatorial Guinea - 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 Equatorial Guinea was 0.398 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.631 in 2011 and a minimum value of 0.137 in 1998.

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 0.514
1991 0.497
1992 0.438
1993 0.389
1994 0.242
1995 0.284
1996 0.274
1997 0.205
1998 0.137
1999 0.180
2000 0.224
2001 0.187
2002 0.191
2003 0.226
2004 0.283
2005 0.392
2006 0.434
2007 0.475
2008 0.597
2009 0.445
2010 0.524
2011 0.631
2012 0.578
2013 0.587
2014 0.576
2015 0.469
2016 0.452
2017 0.429
2018 0.479
2019 0.437
2020 0.398

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