Montenegro - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Montenegro was 0.337 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.372 in 2009 and a minimum value of 0.294 in 2000.

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
2000 0.294
2001 0.315
2002 0.314
2003 0.336
2004 0.347
2005 0.355
2006 0.337
2007 0.350
2008 0.364
2009 0.372
2010 0.370
2011 0.364
2012 0.370
2013 0.364
2014 0.362
2015 0.360
2016 0.349
2017 0.351
2018 0.348
2019 0.345
2020 0.337

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 Montenegro was 0.384 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.533 in 2008 and a minimum value of 0.271 in 2000.

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
2000 0.271
2001 0.282
2002 0.297
2003 0.380
2004 0.431
2005 0.442
2006 0.423
2007 0.480
2008 0.533
2009 0.517
2010 0.491
2011 0.506
2012 0.475
2013 0.483
2014 0.480
2015 0.399
2016 0.386
2017 0.395
2018 0.411
2019 0.386
2020 0.384

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

The value for PPP conversion factor, private consumption (LCU per international $) in Montenegro was 0.437 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 0.491 in 2008 and a minimum value of 0.316 in 2000.

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
2000 0.316
2001 0.382
2002 0.437
2003 0.465
2004 0.469
2005 0.474
2006 0.473
2007 0.471
2008 0.491
2009 0.479
2010 0.458
2011 0.446
2012 0.455
2013 0.447
2014 0.439
2015 0.437
2016 0.422
2017 0.427
2018 0.425
2019 0.427
2020 0.437

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity