Turkmenistan - 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 Turkmenistan was 0.470 as of 2019. As the graph below shows, over the past 29 years this indicator reached a maximum value of 0.590 in 2014 and a minimum value of 0.251 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 0.268
1991 0.269
1992 0.309
1993 0.296
1994 0.282
1995 0.288
1996 0.291
1997 0.332
1998 0.326
1999 0.260
2000 0.254
2001 0.251
2002 0.269
2003 0.303
2004 0.288
2005 0.292
2006 0.324
2007 0.350
2008 0.456
2009 0.447
2010 0.452
2011 0.500
2012 0.554
2013 0.573
2014 0.590
2015 0.470
2016 0.461
2017 0.464
2018 0.458
2019 0.470

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