DEC alternative conversion factor (LCU per US$) - Country Ranking - Europe

Definition: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.

Source: International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Hungary 308.00 2020
2 Iceland 135.42 2020
3 Albania 108.65 2020
4 Serbia 103.16 2020
5 North Macedonia 54.14 2020
6 Ukraine 26.96 2020
7 Czech Republic 23.21 2020
8 Moldova 17.32 2020
9 Norway 9.42 2020
10 Sweden 9.21 2020
11 Turkey 7.01 2020
12 Croatia 6.61 2020
13 Denmark 6.54 2020
14 Romania 4.24 2020
15 Poland 3.90 2020
16 Belarus 2.44 2020
17 Bosnia and Herzegovina 1.72 2020
18 Bulgaria 1.72 2020
19 Liechtenstein 0.94 2020
20 Switzerland 0.94 2020
21 San Marino 0.88 2020
21 Montenegro 0.88 2020
23 Netherlands 0.88 2020
23 Portugal 0.88 2020
23 Lithuania 0.88 2020
23 Luxembourg 0.88 2020
23 Latvia 0.88 2020
23 Italy 0.88 2020
23 Ireland 0.88 2020
23 Austria 0.88 2020
23 Belgium 0.88 2020
23 Spain 0.88 2020
23 Estonia 0.88 2020
23 Finland 0.88 2020
23 France 0.88 2020
23 Greece 0.88 2020
23 Germany 0.88 2020
23 Slovak Republic 0.88 2020
23 Slovenia 0.88 2020
40 Andorra 0.88 2020
40 Cyprus 0.88 2020
40 Monaco 0.88 2020
40 Malta 0.88 2020
44 United Kingdom 0.78 2020

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Statistical Concept and Methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.

Periodicity: Annual

General Comments: In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.