# Iceland - PPP conversion factor

## PPP conversion factor, GDP (LCU per international \$)

The value for PPP conversion factor, GDP (LCU per international \$) in Iceland was 135.62 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 135.62 in 2010 and a minimum value of 5.84 in 1980.

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.

Source: World Bank, International Comparison Program database.

Year Value
1980 5.84
1981 7.96
1982 11.53
1983 19.66
1984 24.04
1985 30.81
1986 37.55
1987 43.76
1988 52.08
1989 61.66
1990 68.37
1991 71.55
1992 72.30
1993 72.04
1994 72.40
1995 73.06
1996 74.95
1997 74.39
1998 77.20
1999 79.68
2000 84.30
2001 88.96
2002 91.34
2003 94.52
2004 94.25
2005 99.08
2006 107.17
2007 113.05
2008 117.42
2009 127.76
2010 135.62

## PPP conversion factor (GDP) to market exchange rate ratio

The value for PPP conversion factor (GDP) to market exchange rate ratio in Iceland was 1.11 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 1.76 in 2007 and a minimum value of 0.74 in 1985.

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.

Source: World Bank, International Comparison Program database.

Year Value
1980 1.22
1981 1.10
1982 0.93
1983 0.79
1984 0.76
1985 0.74
1986 0.91
1987 1.13
1988 1.21
1989 1.08
1990 1.17
1991 1.21
1992 1.26
1993 1.07
1994 1.04
1995 1.13
1996 1.13
1997 1.05
1998 1.09
1999 1.10
2000 1.07
2001 0.91
2002 1.00
2003 1.23
2004 1.34
2005 1.57
2006 1.53
2007 1.76
2008 1.34
2009 1.03
2010 1.11

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

The value for PPP conversion factor, private consumption (LCU per international \$) in Iceland was 146.91 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 146.91 in 2010 and a minimum value of 27.87 in 1980.

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).

Source: World Bank, International Comparison Program database.

Year Value
1980 27.87
1981 35.15
1982 45.49
1983 53.39
1984 59.43
1985 71.44
1986 87.35
1987 81.92
1988 84.16
1989 84.66
1990 85.87
1991 85.51
1992 85.49
1993 87.30
1994 85.65
1995 88.04
1996 86.91
1997 93.41
1998 99.05
1999 102.47
2000 104.55
2001 104.07
2002 104.18
2003 109.13
2004 112.06
2005 123.74
2006 140.60
2007 144.92
2008 123.74
2009 137.38
2010 146.91