Bhutan - 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 Bhutan was 0.270 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.351 in 2011 and a minimum value of 0.238 in 1993.

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 0.282
1992 0.264
1993 0.238
1994 0.254
1995 0.261
1996 0.253
1997 0.274
1998 0.264
1999 0.265
2000 0.266
2001 0.262
2002 0.262
2003 0.276
2004 0.287
2005 0.303
2006 0.302
2007 0.331
2008 0.326
2009 0.305
2010 0.337
2011 0.351
2012 0.321
2013 0.309
2014 0.306
2015 0.290
2016 0.280
2017 0.295
2018 0.279
2019 0.269
2020 0.270

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