Price level ratio of PPP conversion factor (GDP) to market exchange rate - Country Ranking - Asia

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Israel 1.12 2020
2 Japan 0.95 2020
3 Hong Kong SAR, China 0.78 2020
4 Korea 0.70 2020
5 Macao SAR, China 0.65 2020
6 Singapore 0.61 2020
7 China 0.61 2020
8 Qatar 0.56 2020
9 United Arab Emirates 0.54 2020
10 Kuwait 0.52 2020
11 Turkmenistan 0.47 2019
12 Bahrain 0.47 2020
13 Oman 0.47 2020
14 Iraq 0.44 2020
15 Yemen 0.44 2013
16 Saudi Arabia 0.43 2020
17 Brunei 0.42 2020
18 Jordan 0.41 2020
19 Thailand 0.39 2020
20 Philippines 0.39 2020
21 Lebanon 0.38 2020
22 Bangladesh 0.38 2020
23 Malaysia 0.37 2020
24 Cambodia 0.35 2020
25 Timor-Leste 0.35 2020
26 Kazakhstan 0.34 2020
27 Russia 0.34 2020
28 Mongolia 0.33 2020
29 Vietnam 0.32 2020
30 Indonesia 0.32 2020
31 Armenia 0.32 2020
32 Lao PDR 0.32 2020
33 Turkey 0.31 2020
34 India 0.30 2020
35 Azerbaijan 0.29 2020
36 Georgia 0.29 2020
37 Nepal 0.29 2020
38 Myanmar 0.29 2020
39 Sri Lanka 0.28 2020
40 Bhutan 0.27 2020
41 Afghanistan 0.25 2020
42 Pakistan 0.25 2020
43 Kyrgyz Republic 0.24 2020
44 Uzbekistan 0.23 2020
45 Tajikistan 0.22 2020
46 Iran 0.18 2020

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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