Mauritius - 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 Mauritius was 0.420 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.559 in 2008 and a minimum value of 0.408 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 0.507
1991 0.506
1992 0.524
1993 0.493
1994 0.505
1995 0.539
1996 0.548
1997 0.483
1998 0.448
1999 0.448
2000 0.435
2001 0.408
2002 0.414
2003 0.462
2004 0.487
2005 0.458
2006 0.459
2007 0.490
2008 0.559
2009 0.491
2010 0.510
2011 0.552
2012 0.548
2013 0.539
2014 0.549
2015 0.482
2016 0.468
2017 0.490
2018 0.493
2019 0.466
2020 0.420

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity