Brunei - 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 Brunei was 0.418 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.561 in 2011 and a minimum value of 0.201 in 1998.

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 0.244
1991 0.240
1992 0.253
1993 0.242
1994 0.229
1995 0.248
1996 0.256
1997 0.260
1998 0.201
1999 0.219
2000 0.271
2001 0.241
2002 0.238
2003 0.255
2004 0.297
2005 0.347
2006 0.388
2007 0.403
2008 0.474
2009 0.357
2010 0.439
2011 0.561
2012 0.541
2013 0.534
2014 0.513
2015 0.498
2016 0.482
2017 0.468
2018 0.511
2019 0.480
2020 0.418

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