Luxembourg - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Luxembourg was 0.839 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 0.975 in 1996 and a minimum value of 0.839 in 2021.

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
1990 0.926
1991 0.912
1992 0.925
1993 0.958
1994 0.971
1995 0.973
1996 0.975
1997 0.974
1998 0.964
1999 0.958
2000 0.956
2001 0.964
2002 0.957
2003 0.965
2004 0.951
2005 0.946
2006 0.917
2007 0.921
2008 0.900
2009 0.903
2010 0.926
2011 0.905
2012 0.907
2013 0.895
2014 0.884
2015 0.881
2016 0.852
2017 0.848
2018 0.849
2019 0.862
2020 0.864
2021 0.839

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 Luxembourg was 0.99 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 1.33 in 1995 and a minimum value of 0.86 in 2001.

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
1990 1.12
1991 1.08
1992 1.16
1993 1.12
1994 1.17
1995 1.33
1996 1.27
1997 1.10
1998 1.07
1999 1.02
2000 0.88
2001 0.86
2002 0.90
2003 1.09
2004 1.18
2005 1.18
2006 1.15
2007 1.26
2008 1.32
2009 1.26
2010 1.23
2011 1.26
2012 1.17
2013 1.19
2014 1.17
2015 0.98
2016 0.94
2017 0.96
2018 1.00
2019 0.96
2020 0.99

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

The value for PPP conversion factor, private consumption (LCU per international $) in Luxembourg was 0.96 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 1.00 in 1994 and a minimum value of 0.94 in 2018.

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 0.97
1991 0.97
1992 0.98
1993 1.00
1994 1.00
1995 1.00
1996 0.99
1997 0.98
1998 0.97
1999 0.95
2000 0.94
2001 0.96
2002 0.95
2003 0.95
2004 0.97
2005 0.96
2006 0.95
2007 0.97
2008 0.96
2009 0.97
2010 0.98
2011 0.97
2012 0.97
2013 0.96
2014 0.97
2015 0.98
2016 0.96
2017 0.97
2018 0.94
2019 0.96
2020 0.96

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity