Saudi Arabia - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Saudi Arabia was 2.61 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 3.45 in 1980 and a minimum value of 1.63 in 1998.

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.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1980 3.45
1981 3.42
1982 3.06
1983 2.72
1984 2.56
1985 2.32
1986 1.85
1987 1.86
1988 1.71
1989 1.78
1990 1.94
1991 1.94
1992 1.88
1993 1.79
1994 1.77
1995 1.83
1996 1.92
1997 1.92
1998 1.63
1999 1.79
2000 1.96
2001 1.85
2002 1.87
2003 1.94
2004 2.09
2005 2.41
2006 2.56
2007 2.63
2008 3.06
2009 2.34
2010 2.61

PPP conversion factor (GDP) to market exchange rate ratio

The value for PPP conversion factor (GDP) to market exchange rate ratio in Saudi Arabia was 0.70 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 1.04 in 1980 and a minimum value of 0.44 in 1998.

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.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1980 1.04
1981 1.01
1982 0.89
1983 0.79
1984 0.73
1985 0.64
1986 0.50
1987 0.50
1988 0.46
1989 0.48
1990 0.52
1991 0.52
1992 0.50
1993 0.48
1994 0.47
1995 0.49
1996 0.51
1997 0.51
1998 0.44
1999 0.48
2000 0.52
2001 0.49
2002 0.50
2003 0.52
2004 0.56
2005 0.64
2006 0.68
2007 0.70
2008 0.82
2009 0.63
2010 0.70

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

The value for PPP conversion factor, private consumption (LCU per international $) in Saudi Arabia was 3.37 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 6.31 in 1980 and a minimum value of 2.87 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).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1980 6.31
1981 5.88
1982 5.59
1983 5.43
1984 5.13
1985 4.80
1986 4.56
1987 4.33
1988 4.20
1989 4.05
1990 3.92
1991 3.94
1992 3.82
1993 3.75
1994 3.68
1995 3.75
1996 3.69
1997 3.61
1998 3.54
1999 3.42
2000 3.27
2001 3.14
2002 3.10
2003 3.05
2004 2.98
2005 2.90
2006 2.87
2007 2.91
2008 3.08
2009 3.25
2010 3.37

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity