Bulgaria - 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 Bulgaria was 0.410 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.507 in 2008 and a minimum value of 0.157 in 1994.

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 0.314
1991 0.176
1992 0.175
1993 0.182
1994 0.157
1995 0.292
1996 0.215
1997 0.237
1998 0.295
1999 0.286
2000 0.252
2001 0.254
2002 0.269
2003 0.323
2004 0.368
2005 0.379
2006 0.396
2007 0.459
2008 0.507
2009 0.493
2010 0.458
2011 0.498
2012 0.455
2013 0.461
2014 0.449
2015 0.385
2016 0.377
2017 0.390
2018 0.410
2019 0.403
2020 0.410

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