Libya - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Libya was 0.536 as of 2014. As the graph below shows, over the past 15 years this indicator reached a maximum value of 0.716 in 2012 and a minimum value of 0.190 in 1999.

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. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1999 0.190
2000 0.211
2001 0.221
2002 0.277
2003 0.310
2004 0.370
2005 0.461
2006 0.490
2007 0.529
2008 0.633
2009 0.469
2010 0.529
2011 0.613
2012 0.716
2013 0.658
2014 0.536

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

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:

Year Value
2005 0.735

Price level ratio of PPP conversion factor (GDP) to market exchange rate

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Libya was 0.421 as of 2014. As the graph below shows, over the past 15 years this indicator reached a maximum value of 0.568 in 2012 and a minimum value of 0.218 in 2002.

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:

Year Value
1999 0.410
2000 0.411
2001 0.365
2002 0.218
2003 0.242
2004 0.285
2005 0.352
2006 0.373
2007 0.419
2008 0.517
2009 0.374
2010 0.418
2011 0.501
2012 0.568
2013 0.517
2014 0.421

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

The value for PPP conversion factor, private consumption (LCU per international $) in Libya was 0.691 as of 2013. As the graph below shows, over the past 23 years this indicator reached a maximum value of 0.782 in 1999 and a minimum value of 0.514 in 2006.

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). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.568
1991 0.609
1992 0.647
1993 0.698
1994 0.715
1995 0.746
1996 0.754
1997 0.763
1998 0.779
1999 0.782
2000 0.735
2001 0.652
2002 0.579
2003 0.553
2004 0.527
2005 0.523
2006 0.514
2007 0.531
2008 0.565
2009 0.581
2010 0.587
2011 0.658
2012 0.683
2013 0.691

2005 PPP conversion factor, private consumption (LCU per international $)

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:

Year Value
2005 0.850

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity