Albania - 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 Albania was 0.391 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.531 in 2008 and a minimum value of 0.133 in 1992.

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 0.292
1991 0.213
1992 0.133
1993 0.216
1994 0.309
1995 0.340
1996 0.339
1997 0.264
1998 0.269
1999 0.298
2000 0.292
2001 0.298
2002 0.306
2003 0.369
2004 0.437
2005 0.456
2006 0.453
2007 0.494
2008 0.531
2009 0.467
2010 0.425
2011 0.435
2012 0.404
2013 0.417
2014 0.407
2015 0.339
2016 0.341
2017 0.355
2018 0.392
2019 0.385
2020 0.391

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