2005 PPP conversion factor, private consumption (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 private consumption (i.e., household final consumption expenditure). 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 6,363.13 2005
2 Vietnam 5,919.89 2005
3 Indonesia 4,192.83 2005
4 Lao PDR 3,741.62 2005
5 Iran 2,714.82 2005
6 Paraguay 2,127.80 2005
7 Cambodia 1,615.30 2005
8 Guinea 1,479.57 2005
9 Sierra Leone 1,396.21 2005
10 Colombia 1,191.74 2005
11 Lebanon 1,107.12 2005
12 Korea 879.37 2005
13 Belarus 759.62 2005
14 Madagascar 756.38 2005
15 Uganda 744.62 2005
16 Iraq 639.87 2005
17 Mongolia 522.49 2005
18 Tanzania 482.45 2005
19 Burundi 447.04 2005
20 Gabon 443.75 2005
21 Equatorial Guinea 436.29 2005
22 Chile 387.36 2005
23 Uzbekistan 376.07 2005
24 Congo 375.57 2005
25 Chad 327.57 2005
26 Côte d'Ivoire 325.81 2005
27 Dem. Rep. Congo 316.23 2005
28 Central African Republic 307.47 2005
29 Senegal 298.24 2005
30 Cameroon 294.50 2005
31 Comoros 294.41 2005
32 Mali 289.68 2005
33 Guinea-Bissau 284.28 2005
34 Togo 282.26 2005
35 Costa Rica 278.96 2005
36 Benin 275.19 2005
37 Niger 267.33 2005
38 Myanmar 266.32 2005
39 Burkina Faso 242.42 2005
40 Rwanda 236.75 2005
41 Armenia 196.19 2005
42 Japan 142.94 2005
43 Hungary 136.48 2005
44 Mauritania 125.67 2005
45 Djibouti 107.81 2005
46 Guyana 105.17 2005
47 Iceland 104.18 2005
48 Yemen 91.06 2005
49 Nigeria 78.58 2005
50 Cabo Verde 78.17 2005
51 Angola 70.50 2005
52 Vanuatu 69.37 2005
53 Kazakhstan 64.96 2005
54 Malawi 56.92 2005
55 Albania 55.65 2005
56 Jamaica 43.36 2005
57 Sri Lanka 40.04 2005
58 Algeria 38.74 2005
59 Serbia 33.59 2005
60 Kenya 32.68 2005
61 Nepal 26.47 2005
62 Bangladesh 25.49 2005
63 Syrian Arab Republic 24.65 2005
64 Philippines 24.18 2005
65 Macedonia 23.03 2005
66 Pakistan 20.71 2005
67 Dominican Republic 20.40 2005
68 Haiti 19.37 2005
69 Bhutan 18.46 2005
70 Mauritius 17.73 2005
71 Thailand 17.47 2005
72 Afghanistan 16.71 2005
73 India 15.60 2005
74 Uruguay 15.31 2005
75 Czech Republic 15.04 2005
76 Russia 13.39 2005
77 Kyrgyz Republic 13.00 2005
78 Mozambique 11.63 2005
79 The Gambia 10.34 2005
80 Norway 9.78 2005
81 Honduras 9.66 2005
82 Sweden 9.60 2005
83 Denmark 9.08 2005
84 Mexico 7.65 2005
85 Nicaragua 7.30 2005
86 Hong Kong SAR, China 7.24 2005
87 Eritrea 6.73 2005
88 Macao SAR, China 6.43 2005
89 Morocco 5.51 2005
90 Namibia 5.06 2005
91 Moldova 4.83 2005
92 Trinidad and Tobago 4.61 2005
93 South Africa 4.57 2005
94 Guatemala 4.54 2005
95 Seychelles 4.50 2005
96 Croatia 4.42 2005
97 China 4.09 2005
98 Israel 4.07 2005
99 Solomon Islands 3.92 2005
100 Swaziland 3.73 2005
101 Qatar 3.64 2005
102 Lesotho 3.43 2005
103 Botswana 3.38 2005
104 Saudi Arabia 2.90 2005
105 Zambia 2.83 2005
106 Ethiopia 2.75 2005
107 United Arab Emirates 2.70 2005
108 Bolivia 2.57 2005
109 St. Kitts and Nevis 2.16 2005
110 Poland 2.13 2005
111 Malaysia 2.11 2005
112 Antigua and Barbuda 2.07 2005
113 Grenada 2.04 2005
114 Egypt 2.02 2005
115 St. Lucia 1.90 2005
116 Samoa 1.87 2005
117 Switzerland 1.85 2005
118 Suriname 1.83 2005
119 Dominica 1.79 2005
120 St. Vincent and the Grenadines 1.78 2005
121 Romania 1.71 2005
122 Ukraine 1.71 2005
123 Papua New Guinea 1.69 2005
124 Peru 1.65 2005
125 New Zealand 1.60 2005
126 Brazil 1.57 2005
127 Fiji 1.55 2005
128 Singapore 1.47 2005
129 Belize 1.46 2005
130 Australia 1.46 2005
131 Barbados 1.43 2005
132 Argentina 1.35 2005
133 Tonga 1.31 2005
134 Canada 1.26 2005
135 Venezuela 1.25 2005
136 Sudan 1.24 2005
137 Brunei 1.08 2005
138 Finland 1.07 2005
139 Ireland 1.07 2005
140 United States 1.00 2005
141 Turkey 0.97 2005
142 Luxembourg 0.97 2005
143 Turkmenistan 0.95 2005
144 France 0.94 2005
145 Tajikistan 0.93 2005
146 Belgium 0.92 2005
147 Italy 0.91 2005
148 Netherlands 0.91 2005
149 Germany 0.90 2005
150 Austria 0.89 2005
151 The Bahamas 0.89 2005
152 Bosnia and Herzegovina 0.87 2005
153 Libya 0.85 2005
154 Spain 0.79 2005
155 Georgia 0.78 2005
156 Cyprus 0.77 2005
157 Greece 0.77 2005
158 Portugal 0.74 2005
159 Bulgaria 0.73 2005
160 Tunisia 0.70 2005
161 Palau 0.68 2005
162 Kiribati 0.68 2005
163 Slovenia 0.66 2005
164 United Kingdom 0.65 2005
165 Malta 0.63 2005
166 Slovak Republic 0.62 2005
167 Panama 0.61 2005
168 Estonia 0.56 2005
169 El Salvador 0.55 2005
170 Liberia 0.51 2005
171 Ecuador 0.50 2005
172 Jordan 0.49 2005
173 Timor-Leste 0.49 2005
174 Latvia 0.49 2005
175 Montenegro 0.48 2005
176 Lithuania 0.48 2005
177 Ghana 0.45 2005
178 Azerbaijan 0.35 2005
179 Bahrain 0.32 2005
180 Oman 0.29 2005
181 Kuwait 0.28 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