Algeria - 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 Algeria was 0.292 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.422 in 2014 and a minimum value of 0.192 in 2002.

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 0.348
1991 0.251
1992 0.254
1993 0.263
1994 0.221
1995 0.205
1996 0.218
1997 0.217
1998 0.204
1999 0.197
2000 0.209
2001 0.198
2002 0.192
2003 0.210
2004 0.246
2005 0.273
2006 0.295
2007 0.321
2008 0.389
2009 0.305
2010 0.342
2011 0.404
2012 0.420
2013 0.421
2014 0.422
2015 0.348
2016 0.339
2017 0.350
2018 0.348
2019 0.332
2020 0.292

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