The Gambia - 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 The Gambia was 0.340 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.412 in 2008 and a minimum value of 0.167 in 2003.

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 0.300
1991 0.283
1992 0.291
1993 0.292
1994 0.282
1995 0.288
1996 0.284
1997 0.278
1998 0.270
1999 0.260
2000 0.231
2001 0.212
2002 0.191
2003 0.167
2004 0.300
2005 0.318
2006 0.319
2007 0.366
2008 0.412
2009 0.356
2010 0.353
2011 0.344
2012 0.338
2013 0.330
2014 0.300
2015 0.320
2016 0.334
2017 0.328
2018 0.332
2019 0.333
2020 0.340

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