2005 PPP conversion factor, GDP (LCU per international $) - Country Ranking

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. Historical estimates are provided for the 2005 benchmark year only. A separate series is available for extrapolated estimates based on the latest ICP round.

Source: World Bank, International Comparison Program database.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 São Tomé and Principe 5,558.09 2005
2 Vietnam 4,712.69 2005
3 Indonesia 3,934.26 2005
4 Lao PDR 2,988.39 2005
5 Iran 2,674.76 2005
6 Paraguay 2,006.83 2005
7 Cambodia 1,278.55 2005
8 Guinea 1,219.35 2005
9 Colombia 1,081.95 2005
10 Sierra Leone 1,074.12 2005
11 Lebanon 847.52 2005
12 Korea 788.92 2005
13 Belarus 779.33 2005
14 Madagascar 649.57 2005
15 Uganda 619.64 2005
16 Iraq 558.70 2005
17 Mongolia 417.22 2005
18 Tanzania 395.63 2005
19 Burundi 342.96 2005
20 Chile 333.69 2005
21 Uzbekistan 304.12 2005
22 Côte d'Ivoire 287.49 2005
23 Equatorial Guinea 287.42 2005
24 Congo 268.76 2005
25 Central African Republic 263.74 2005
26 Gabon 256.23 2005
27 Senegal 251.67 2005
28 Cameroon 251.02 2005
29 Myanmar 249.69 2005
30 Costa Rica 244.82 2005
31 Togo 240.38 2005
32 Mali 240.09 2005
33 Niger 226.66 2005
34 Comoros 226.19 2005
35 Benin 219.58 2005
36 Guinea-Bissau 217.30 2005
37 Dem. Rep. Congo 214.27 2005
38 Chad 208.00 2005
39 Burkina Faso 200.23 2005
40 Rwanda 186.18 2005
41 Armenia 178.58 2005
42 Japan 129.55 2005
43 Hungary 128.59 2005
44 Iceland 99.08 2005
45 Mauritania 98.84 2005
46 Guyana 87.11 2005
47 Djibouti 84.69 2005
48 Yemen 69.49 2005
49 Cabo Verde 69.36 2005
50 Nigeria 60.23 2005
51 Vanuatu 58.13 2005
52 Kazakhstan 57.61 2005
53 Angola 44.49 2005
54 Albania 43.64 2005
55 Malawi 39.46 2005
56 Jamaica 37.29 2005
57 Sri Lanka 35.17 2005
58 Algeria 31.81 2005
59 Kenya 29.52 2005
60 Serbia 26.56 2005
61 Nepal 22.65 2005
62 Bangladesh 22.64 2005
63 Philippines 21.75 2005
64 Syrian Arab Republic 19.72 2005
65 Pakistan 19.10 2005
66 Macedonia 18.39 2005
67 Haiti 17.57 2005
68 Dominican Republic 17.26 2005
69 Thailand 15.93 2005
70 Bhutan 15.74 2005
71 Afghanistan 15.13 2005
72 Mauritius 14.68 2005
73 India 14.67 2005
74 Czech Republic 14.32 2005
75 Uruguay 13.28 2005
76 Russia 12.74 2005
77 Kyrgyz Republic 11.35 2005
78 Mozambique 10.91 2005
79 Sweden 9.38 2005
80 Norway 8.90 2005
81 Denmark 8.59 2005
82 Honduras 8.15 2005
83 The Gambia 7.56 2005
84 Mexico 7.13 2005
85 Nicaragua 6.44 2005
86 Eritrea 6.31 2005
87 Hong Kong SAR, China 5.69 2005
88 Macao SAR, China 5.27 2005
89 Morocco 4.88 2005
90 Moldova 4.43 2005
91 Namibia 4.26 2005
92 Guatemala 4.02 2005
93 Croatia 3.92 2005
94 South Africa 3.87 2005
95 Trinidad and Tobago 3.82 2005
96 Israel 3.72 2005
97 Lesotho 3.49 2005
98 China 3.45 2005
99 Seychelles 3.38 2005
100 Swaziland 3.29 2005
101 Solomon Islands 3.20 2005
102 Qatar 2.75 2005
103 United Arab Emirates 2.44 2005
104 Botswana 2.42 2005
105 Zambia 2.41 2005
106 Saudi Arabia 2.41 2005
107 Ethiopia 2.25 2005
108 Bolivia 2.23 2005
109 St. Kitts and Nevis 1.88 2005
110 Poland 1.87 2005
111 Grenada 1.83 2005
112 Antigua and Barbuda 1.77 2005
113 Switzerland 1.74 2005
114 Malaysia 1.73 2005
115 Ukraine 1.68 2005
116 Samoa 1.63 2005
117 St. Lucia 1.62 2005
118 Egypt 1.62 2005
119 Suriname 1.60 2005
120 Dominica 1.56 2005
121 St. Vincent and the Grenadines 1.55 2005
122 New Zealand 1.54 2005
123 Peru 1.49 2005
124 Fiji 1.43 2005
125 Romania 1.42 2005
126 Australia 1.39 2005
127 Brazil 1.36 2005
128 Papua New Guinea 1.34 2005
129 Argentina 1.27 2005
130 Barbados 1.24 2005
131 Belize 1.22 2005
132 Canada 1.21 2005
133 Tonga 1.20 2005
134 Venezuela 1.15 2005
135 Singapore 1.08 2005
136 Sudan 1.08 2005
137 Ireland 1.01 2005
138 United States 1.00 2005
139 Finland 0.98 2005
140 Luxembourg 0.95 2005
141 France 0.92 2005
142 Brunei 0.90 2005
143 Belgium 0.90 2005
144 Netherlands 0.90 2005
145 Austria 0.89 2005
146 Germany 0.87 2005
147 Italy 0.87 2005
148 Turkey 0.83 2005
149 Turkmenistan 0.79 2005
150 The Bahamas 0.77 2005
151 Spain 0.76 2005
152 Tajikistan 0.74 2005
153 Georgia 0.74 2005
154 Libya 0.73 2005
155 Cyprus 0.73 2005
156 Bosnia and Herzegovina 0.72 2005
157 Greece 0.71 2005
158 Portugal 0.68 2005
159 Kiribati 0.66 2005
160 United Kingdom 0.64 2005
161 Slovenia 0.61 2005
162 Bulgaria 0.60 2005
163 Tunisia 0.58 2005
164 Malta 0.57 2005
165 Slovak Republic 0.57 2005
166 Palau 0.57 2005
167 Panama 0.52 2005
168 Estonia 0.50 2005
169 El Salvador 0.50 2005
170 Liberia 0.49 2005
171 Timor-Leste 0.47 2005
172 Lithuania 0.43 2005
173 Latvia 0.43 2005
174 Ecuador 0.42 2005
175 Jordan 0.38 2005
176 Ghana 0.37 2005
177 Montenegro 0.35 2005
178 Azerbaijan 0.33 2005
179 Bahrain 0.25 2005
180 Oman 0.23 2005
181 Kuwait 0.21 2005

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Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2005, 146 countries and territories participated, including China for the first time, India for the first time since 1985, and almost all African countries. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2005 ICP countries the PPP estimates are extrapolated from the 2005 ICP benchmark results, which account for relative price changes between each economy and the United States. Extrapolation for the GDP conversion factor uses the GDP implicit deflator. For countries that did not participate in the 2005 ICP round, the PPP estimates are imputed using a statistical model.

Periodicity: Annual