Armenia - 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 Armenia was 0.320 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.483 in 2008 and a minimum value of 0.226 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 0.230
1991 0.231
1992 0.239
1993 0.241
1994 0.246
1995 0.251
1996 0.253
1997 0.247
1998 0.263
1999 0.245
2000 0.234
2001 0.232
2002 0.226
2003 0.230
2004 0.258
2005 0.301
2006 0.337
2007 0.416
2008 0.483
2009 0.414
2010 0.429
2011 0.439
2012 0.393
2013 0.390
2014 0.397
2015 0.362
2016 0.336
2017 0.323
2018 0.324
2019 0.324
2020 0.320

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