Belgium - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Belgium was 0.801 as of 2016. As the graph below shows, over the past 26 years this indicator reached a maximum value of 0.937 in 1998 and a minimum value of 0.798 in 2015.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.915
1991 0.911
1992 0.921
1993 0.935
1994 0.935
1995 0.927
1996 0.929
1997 0.928
1998 0.937
1999 0.931
2000 0.901
2001 0.890
2002 0.873
2003 0.877
2004 0.889
2005 0.892
2006 0.875
2007 0.880
2008 0.867
2009 0.849
2010 0.835
2011 0.832
2012 0.822
2013 0.806
2014 0.798
2015 0.798
2016 0.801

2005 PPP conversion factor, GDP (LCU per international $)

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. Historical estimates are provided for the 2005 benchmark year only. A separate series is available for extrapolated estimates based on the latest ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2005 0.900

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 Belgium was 0.89 as of 2016. As the graph below shows, over the past 26 years this indicator reached a maximum value of 1.27 in 2008 and a minimum value of 0.80 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 1.10
1991 1.08
1992 1.16
1993 1.09
1994 1.13
1995 1.27
1996 1.21
1997 1.05
1998 1.04
1999 0.99
2000 0.83
2001 0.80
2002 0.82
2003 0.99
2004 1.10
2005 1.11
2006 1.10
2007 1.20
2008 1.27
2009 1.18
2010 1.11
2011 1.16
2012 1.06
2013 1.07
2014 1.06
2015 0.88
2016 0.89

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Belgium was 0.875 as of 2016. As the graph below shows, over the past 26 years this indicator reached a maximum value of 0.973 in 1990 and a minimum value of 0.864 in 2014.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.973
1991 0.969
1992 0.961
1993 0.962
1994 0.963
1995 0.958
1996 0.954
1997 0.956
1998 0.973
1999 0.964
2000 0.926
2001 0.925
2002 0.911
2003 0.926
2004 0.922
2005 0.924
2006 0.923
2007 0.927
2008 0.917
2009 0.902
2010 0.894
2011 0.881
2012 0.883
2013 0.871
2014 0.864
2015 0.867
2016 0.875

2005 PPP conversion factor, private consumption (LCU per international $)

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). Historical estimates are provided for the 2005 benchmark year only. A separate series is available for extrapolated estimates based on the latest ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2005 0.924

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity